India won’t allow new sugar exports to prevent domestic shortages
India, which vies with Brazil as the world’s biggest sugar producer, will not allow any more exports for now on concern that weaker production will threaten domestic supplies. The government has decided not to approve new sugar shipments after meeting with some cane officials from major producing […]
China says it will set up yuan clearing arrangements in Brazil By Reuters
© Reuters. FILE PHOTO: A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha/File Photo BEIJING (Reuters) – China’s central bank has signed a memorandum of understanding on setting up yuan clearing arrangements in Brazil, it said on Tuesday, […]
Edgewater Markets Opens New Office in São Paulo, Brazil
Edgewater Markets has strengthened its presence in Latin America with the opening of a new São Paulo, Brazil office. Announced on Wednesday, Charles Achoa, hired by the company last October, will head the new office. AloGatewayis a Global payment processing service and solutions provider able to cater to a multitude of clients ranging from small […]
Lula says Brazil and Argentina will study common currency for trade By Reuters
© Reuters. Brazil’s President Luiz Inacio Lula da Silva speaks at a bilateral agreement signing ceremony with Argentina’s President Alberto Fernandez (not pictured), during?Lula da Silva?s?first official visit abroad since his inauguration, at the Casa Rosada presid BUENOS AIRES (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Monday said Brazil and Argentina are […]
Explainer-What Brazil and Argentina’s ‘currency union’ really means By Reuters
© Reuters. Brazil’s President Luiz Inacio Lula da Silva and Argentina’s President Alberto Fernandez attend a bilateral agreement signing ceremony, during Lula da Silva’s first official visit abroad since his inauguration, at the Casa Rosada presidential palace in B By Marcela Ayres BRASILIA (Reuters) – Brazil and Argentina sparked some excitement on Sunday over the possibility […]
Brazil, Argentina to encourage trade, says Haddad; plays down common currency By Reuters
© Reuters. FILE PHOTO: Brazil’s new Economy Minister Fernando Haddad is seen at the Planalto Palace in Brasilia, Brazil January 5, 2023. REUTERS/Adriano Machado/File Photo By Lisandra Paraguassu BUENOS AIRES (Reuters) – Brazilian Finance Minister Fernando Haddad played down the idea of a single shared currency between Argentina and Brazil late on Sunday, saying the countries were looking […]
Brazil and Argentina to begin preparations for common currency
© Reuters. (Reuters) – Brazil and Argentina will announce this week that they are starting preparatory work on a common currency, the Financial Times reported on Sunday. The plan, set to be discussed at a summit in Buenos Aires this week, will focus on how a new currency which Brazil suggests calling the “sur” (south) […]
Brazil currency trims losses after initial shock from capital riots By Reuters
© Reuters. FILE PHOTO: Brazilian Real and U.S. dollar notes are pictured at a currency exchange office in Rio de Janeiro, Brazil, in this September 10, 2015 photo illustration. REUTERS/Ricardo Moraes By Susan Mathew and Shreyashi Sanyal (Reuters) -Brazil’s currency fell on Monday but was off its session low after supporters of former President Jair […]
Brazil real to remain under pressure as fiscal changes weigh
© Reuters. FILE PHOTO: Brazilian Real and U.S. dollar notes are pictured at a currency exchange office in Rio de Janeiro, Brazil, in this September 10, 2015 photo illustration. REUTERS/Ricardo Moraes By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s real will stay under pressure while the new government mulls fiscal reforms to allow for higher […]