Economia
Oct. 9 (Bloomberg) -- Brazil, the world's biggest exporter of beef, sugar and coffee, may ease bank reserve requirements for a fourth time in two weeks to free up lending for farmers, Agriculture Minister Reinhold Stephanes said. Brazilian banks need an extra 5 billion reais ($2.2 billion) to meet financing demands from growers as a global credit crunch drains liquidity, Stephanes said today in a Bloomberg Television interview in Brasilia. ``We are going through a small strangling of credit,'' Stephanes said. ``Banks lack liquidity.'' Brazil, Latin America's biggest economy, has already eased requirements over the past two weeks, freeing up as much as 60 billion reais in a bid to weather the global credit crunch. Interbank interest rates have soared as lenders worldwide hoard cash, freezing the availability of loans. The Brazilian real has slumped 28 percent against the dollar since the start of August, the worst performer among the 16 most- traded currencies tracked by Bloomberg, as financial turmoil prompted investors to pull money out of emerging-market assets... -- http://www.bloomberg.com/apps/news?pid=20601086&sid=aC63DK0gEgeo&refer=news
- Csn
Nov. 10 (Bloomberg) -- Cia. Siderurgica Nacional, Brazil's third-biggest steelmaker, may post its first loss in six years after bets on its own stock soured last quarter. CSN, as the steelmaker is known, may say this week it had a third-quarter...
- Petrobras
Nov. 10 (Bloomberg) -- Petroleo Brasileiro SA, the investor darling among the world's largest oil companies in the first half of the year, has become the biggest loser. Petrobras, as Brazil's state-controlled oil producer is known, is the worst...
- Especulação Errada
Nov. 4 (Bloomberg) -- Aracruz Celulose SA, the world's biggest eucalyptus-pulp maker, reached an agreement with banks to unwind 97 percent of its wrong-way currency derivatives, leading to a loss of $2.13 billion. Banks will negotiate terms to restructure...
- Votando Dinheiro Por Fora
...
- Economia Monetária - Política Monetária Atual
O Banco Central do Brasil facilita liquidez: -- Sept. 24 (Bloomberg) -- Brazil eased rules on reserve requirements that banks must keep at the central bank in response to the credit crunch sparked by the U.S. financial crisis. Banco Central do Brasil...
Economia
Política Monetária
Oct. 9 (Bloomberg) -- Brazil, the world's biggest exporter of beef, sugar and coffee, may ease bank reserve requirements for a fourth time in two weeks to free up lending for farmers, Agriculture Minister Reinhold Stephanes said. Brazilian banks need an extra 5 billion reais ($2.2 billion) to meet financing demands from growers as a global credit crunch drains liquidity, Stephanes said today in a Bloomberg Television interview in Brasilia. ``We are going through a small strangling of credit,'' Stephanes said. ``Banks lack liquidity.'' Brazil, Latin America's biggest economy, has already eased requirements over the past two weeks, freeing up as much as 60 billion reais in a bid to weather the global credit crunch. Interbank interest rates have soared as lenders worldwide hoard cash, freezing the availability of loans. The Brazilian real has slumped 28 percent against the dollar since the start of August, the worst performer among the 16 most- traded currencies tracked by Bloomberg, as financial turmoil prompted investors to pull money out of emerging-market assets... -- http://www.bloomberg.com/apps/news?pid=20601086&sid=aC63DK0gEgeo&refer=news
loading...
- Csn
Nov. 10 (Bloomberg) -- Cia. Siderurgica Nacional, Brazil's third-biggest steelmaker, may post its first loss in six years after bets on its own stock soured last quarter. CSN, as the steelmaker is known, may say this week it had a third-quarter...
- Petrobras
Nov. 10 (Bloomberg) -- Petroleo Brasileiro SA, the investor darling among the world's largest oil companies in the first half of the year, has become the biggest loser. Petrobras, as Brazil's state-controlled oil producer is known, is the worst...
- Especulação Errada
Nov. 4 (Bloomberg) -- Aracruz Celulose SA, the world's biggest eucalyptus-pulp maker, reached an agreement with banks to unwind 97 percent of its wrong-way currency derivatives, leading to a loss of $2.13 billion. Banks will negotiate terms to restructure...
- Votando Dinheiro Por Fora
...
- Economia Monetária - Política Monetária Atual
O Banco Central do Brasil facilita liquidez: -- Sept. 24 (Bloomberg) -- Brazil eased rules on reserve requirements that banks must keep at the central bank in response to the credit crunch sparked by the U.S. financial crisis. Banco Central do Brasil...