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Brazil economy

Chinese investment in Brazil plunges 78% in 2022, hits lowest since 2009

BRASILIA: Chinese investments in Brazil tanked 78% in 2022 compared with the previous year, hitting their lowest in...

Published 29 Aug, 2023 04:23pm

Business & Finance

Brazil retail sales post biggest drop in Nov

SAO PAULO: Retail sales volumes in Brazil posted in November their biggest drop in five months, government ...

Published 14 Jan, 2023 06:22am

Business & Finance

Brazil posts record trade surplus of $62.3bn in 2022

BRASILIA: Brazil posted a $62.3 billion trade surplus in 2022, official data showed on Monday, a record in the ...

Published 09 Jan, 2023 07:09am

Opinion

Jail time hardened Lula’s resolve to tackle poverty over profit

Brazilian President Luiz Inacio Lula da Silva’s 580-day stretch behind bars imbued him with a renewed sense of...

Published 02 Jan, 2023 06:08am

World

Brazil industrial output posts surprise fall in April, third decline as pandemic bites

Statistics agency IBGE said output declined 1.3% from the previous month, compared with the median estimate in a Reuters poll of economists for a 0.1% rise. March's figure was revised to a 2.2% fall from a 2.4% decline.

Published 02 Jun, 2021 07:21pm

Business & Finance

Brazil economy returns to pre-pandemic level with strong Q1

RIO DE JANEIRO: Brazil’s economy, the largest in Latin America, returned to its pre-pandemic level with...

Published 02 Jun, 2021 04:29am

Business & Finance

Brazil raises $620m in huge concession auction

SAO PAULO: Brazil wrapped up a massive auction Friday for concessions to operate 22 airports, a rail line and five...

Updated 11 Apr, 2021 05:49pm

World

Surprise Brazil industrial output fall in Feb highlights deeper GDP funk

February's 0.7% fall in industrial output was significantly weaker than the median estimate in a Reuters poll of economists for a 0.4% rise. The following chart shows that several months of slowing growth have finally turned into outright decline.
Statistics agency IBGE said the year-on-year rise was 0.4%, also well below the Reuters poll forecast of 1.5% growth.

Published 01 Apr, 2021 08:09pm

Business & Finance

Brazil economy creates record number of formal jobs in January

BRASILIA: Brazil’s economy created more than a quarter of a million formal jobs in January, official figures ...

Published 27 Mar, 2021 05:41am

World

Brazil govt keeps 2021 GDP forecast of +3.2pc, but notes high uncertainty

In a press release following figures that showed the economy shrank 4.1% last year, the ministry said supportive monetary policy, widespread vaccinations, fiscal consolidation and structural reforms will boost confidence as the year progresses.

Published 03 Mar, 2021 07:51pm

World

Brazil GDP down 4.1pc in 2020, less than forecast

Latin America's largest economy grew by 3.2% in the fourth quarter, according to official statistics agency IBGE, more than the 2.8% median estimate in a Reuters poll of economists.
The 3.2% expansion in the fourth quarter was led by 2.7% growth in services, 3.4% expansion in household consumption, and a 20% surge in fixed business investment, IBGE said.

Published 03 Mar, 2021 06:04pm

World

Brazil monthly producer price inflation 3.36pc in Jan, second highest since 2014

Factory gate prices rose 3.36% in January from the month before, almost touching the 3.4% increase registered last October, the highest since the IBGE series began in 2014.
The annual rate of producer price inflation in January was 23%, IBGE said.

Published 02 Mar, 2021 06:19pm

World

Brazil unemployment rate falls to 13.9pc in quarter through December

The average unemployment rate last year was 13.5%, IBGE said, up from 11.9% the year before and the highest since the series began eight years ago.
The IBGE figures showed 86.2 million Brazilians had work, up 4.5%, or 3.7 million people, from the July-September period, although still down 8.9%, or 8.4 million people, from the same period a year earlier.

Published 26 Feb, 2021 06:05pm

World

Brazil public sector debt rises to record 89.7pc of GDP in January

The public sector surplus excluding interest payments of 58.4 billion reais was more than the 50 billion reais surplus forecast in a Reuters poll of economists, and the overall deficit in the 12 months through January was worth 9.4% of gross domestic product.

Published 26 Feb, 2021 05:58pm

Business & Finance

Brazil bank lending spreads widen to 23.4pc points in January: central bank

The amount of outstanding loans in Brazil remained steady in the month at 4 trillion reais ($736 billion) and over the last 12 months loan growth accelerated 16%, the central bank said.

Updated 25 Feb, 2021 05:45pm

World

Brazil current account deficit 0.65pc of GDP, smallest in 13 years

The current account deficit of 0.65% of gross domestic product in the 12 months to January was down from 0.87% the previous month and the smallest since February, 2008, central bank figures showed.
Brazil's current account deficit in the month of January was $7.25 billion, the second deficit in a row and slightly less than the $7.75 billion shortfall forecast in a Reuters poll of economists.

Published 24 Feb, 2021 08:02pm

World

Brazil mid-February inflation highest in four years

That was down from the 0.78% rate of monthly inflation in January, but higher than the median forecast in a Reuters poll of 0.46% and enough to push the annual rate of inflation up to 4.57%.
Prices rose in six of the nine groups of goods and services covered by IBGE. Transport costs rose 1.1% in the month, accounting for almost half of the overall monthly increase.

Published 24 Feb, 2021 06:27pm

World

Brazil 2021 inflation forecasts revised up, central bank target in spotlight

Banco Itau's economics team, led by chief economist Mario Mesquita, on Friday raised its 2021 inflation forecast to 3.8% from 3.6%, citing strong industrial price pressures.
We emphasize that the (upward) pressure of industrial costs is also being seen in other economies, given the robust demand recovery after coronavirus shock and surging commodity prices.

Published 19 Feb, 2021 08:49pm

World

Brazil's 2021 interest rate outlook rises to 3.75pc, survey shows

The average forecast of the benchmark Selic rate at the end of this year rose to 3.75% from 3.50%, while the end-2022 forecast remained steady at 5.00%.
Economists at Barclays reckon the central bank will raise rates at its next policy meeting in March.

Published 17 Feb, 2021 09:04pm

World

Brazil can turn on spending taps 'quickly' to tackle crisis if need be

With the pandemic attacking us again ... now we have the protocol. If Congress triggers a state of emergency or public calamity.
Brazil's fiscal response to the pandemic last year was one of the most generous of any emerging country in the world.

Published 05 Feb, 2021 05:57pm

World

Brazil industrial output falls 4.5% in 2020, biggest yearly decline since 2016

While December's 0.9% jump in output was far higher than economists had expected, the accumulated fall in output last year was 4.5%, more than four times the 1.1% contraction the year before.
Overall, this data release suggests that Brazil's economy ended 2020 on a positive note.

Published 02 Feb, 2021 06:44pm

World

Brazil govt debt ends 2020 at record high 89.3pc of GDP

The public sector deficit in December excluding interest payments was 51.8 billion reais ($9.5 billion), the central bank said, close to the 51.5 billion reais median estimate in a Reuters poll of economists.
The nominal deficit in December including interest payments widened to 75.8 billion reais, the central bank said, resulting in an annual deficit of 1.02 trillion reais, or 13.7% of GDP.

Published 29 Jan, 2021 07:43pm

World

Brazil rate outlook rises after central bank drops forward guidance: survey

The 2021 outlook is the highest since last June, and the 2022 forecast is the highest since last August.
The FOCUS survey on Monday showed that 2021 inflation forecasts edged up to 3.50% from 3.4%.

Published 25 Jan, 2021 07:05pm

World

Brazil economy activity up in Nov, but slowest rise in 7 months

This suggests the solid recovery from the worst of the COVID-19 shock earlier last year continued to slow going into the fourth quarter.
Compared with November 2019, activity was down 0.83%, and on an accumulated 12-month basis down 4.15%.

Published 18 Jan, 2021 07:01pm

Markets

Brazilian real snaps three-day rally; eyes weekly gains

Brazil's real outperforms peers for the week.
Chilean peso tracks sharpest weekly decline since August 2020.
Latam stocks index set to fall for the week.

Published 15 Jan, 2021 08:36pm

World

Brazil retail sales surprisingly fall in November, first fall in seven months

Retail activity had rebounded to record levels in October from the depths of the COVID-19 crisis earlier last year.
It is common for consumers, when there is a drop in income or purchasing power, to buy fewer non-essential products and to choose cheaper brands.

Published 15 Jan, 2021 08:01pm

World

Brazil to start COVID-19 vaccinations on Jan. 21, says senator

President Jair Bolsonaro, who has been lambasted for overseeing the world's second deadliest coronavirus outbreak after the United States.
Two vaccines - one made by AstraZeneca and another developed by China's Sinovac Biotech - will form the bedrock of the government's vaccination plan.

Published 14 Jan, 2021 06:53pm

World

Brazil inflation ends 2020 at 4.5pc, above target and highest in four years

It was the second month in a row the benchmark annual IPCA consumer inflation rate has been above 4%.
The annual rate of 4.5% in December exceeded the 4.4% median forecast in a Reuters poll of economists and was higher than the central bank's year-end goal of 4.00%.

Published 12 Jan, 2021 06:50pm

World

Brazil's services sector expands in Dec for 4th month, but pandemic fears linger: IHS Markit

Services have lagged manufacturing and industry in the rebound from the COVID-19 crisis but have recently shown signs that the bounceback is underway.
IHS Markit's headline Brazil services PMI rose to 51.1 from 50.9 in November.

Published 06 Jan, 2021 06:56pm

World

Brazil govt deficit shrinks to 3.6bn reais in October, smallest this year

It was the second-largest October shortfall on record behind 2015, but significantly less than the 19.15 billion reais deficit economists in a Reuters poll had forecast.
That is more than 10 times the January-October deficit last year of 63.9 billion reais, the Treasury said.

Published 27 Nov, 2020 12:07am

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	3.69 ▲ 0.96 (35.16%)
Universal Ins. / Dec 1 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
Saritow Spinning / Dec 1 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Next Capital / Dec 1 Next Capital Limited(NEXT)	6.48 ▲ 0.81 (14.29%)
Abdullah Shah / Dec 1 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.03 ▲ 0.86 (13.94%)
Bilal Fibres / Dec 1 Bilal Fibres Limited(BILF)	2.87 ▲ 0.34 (13.44%)
Haseeb Waqas / Dec 1 Haseeb Waqas Sugar Mills Limited(HWQS)	11.38 ▲ 1.00 (9.63%)
Sakrand Sugar / Dec 1 Sakrand Sugar Mills Limited(SKRS)	9.89 ▲ 0.84 (9.28%)
LSE Propetech / Dec 1 LSE Propetech Limited(LSEPL)	3.59 ▲ 0.27 (8.13%)
Chashma / Dec 1 Chashma Sugar Mills Limited(CHAS)	70.17 ▲ 4.90 (7.51%)

Stock	Price
Askari Life Assur. / Dec 1 Askari Life Assurance Company Limited(ALAC)	5.25 ▼ -0.70 (-11.76%)
Tri-Star Mutual / Dec 1 Tri-Star Mutual Fund Limited(TSMF)	5 ▼ -0.63 (-11.19%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	8.35 ▼ -0.71 (-7.84%)
Siemens Pak. / Dec 1 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
HBL Growth Fund / Dec 1 HBL Growth Fund(HGFA)	8.05 ▼ -0.44 (-5.18%)
Kohinoor Power / Dec 1 Kohinoor Power Company Limited(KOHP)	5.16 ▼ -0.26 (-4.80%)
Unilever Foods / Dec 1 Unilever Pakistan Foods Limited(UPFL)	21500 ▼ -1000.00 (-4.44%)
Samba Bank / Dec 1 Samba Bank Limited(SBL)	8 ▼ -0.36 (-4.31%)
Hira Textile / Dec 1 Hira Textile Mills Limited(HIRAT)	2.01 ▼ -0.09 (-4.29%)
Metro Steel / Dec 1 Metropolitan Steel Corporation Limited(MSCL)	20.50 ▼ -0.87 (-4.07%)

Stock	Volume
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	34,548,158 ▼ -0.05
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▲ 0.17
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.02
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	18,711,500 ▲ 0.13
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	17,398,000 ▲ 0.08
Pak Elektron / Dec 1 Pak Elektron Limited(PAEL)	17,304,375 ▲ 0.85
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	16,209,942 ▼ -0.09
Maple Leaf Cement / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	13,230,930 ▲ 0.06
Air Link Com. / Dec 1 Air Link Communication Limited(AIRLINK)	10,842,057 ▲ 3.12
TRG Pak Ltd / Dec 1 TRG Pakistan Limited(TRG)	9,764,938 ▲ 2.02

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	148.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.26
Euro to USD / Nov 30	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Nov 30	4567.80
India Sensex / Nov 30	66988.44
Tokyo Nikkei / Nov 30	33486.89
Nasdaq / Nov 30	14226.22
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7453.75
Dow Jones / Nov 30	35950.89
Germany DAX 30 / Nov 30	16215.43
France CAC40 / Nov 30	7310.77

Item	Value
Crude Oil USD/Barrel / Nov 30	75.50
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Gold 10 Grams PKR / Nov 30	189472
Gold Spot USD/Ounce / Nov 30	2039.45
Cotton US¢/pound / Nov 30	80.06

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