By Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto indicated on Thursday he supports adopting a continuous time frame for the monetary authority to pursue inflation targets, ditching the current system of tracking a calendar year. Speaking at a press conference in Brasilia, Campos Neto said that would be an “interesting…
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Thursday vowed to clean up cases of fraud and corruption at Segalmex, a government organization aimed at promoting food self-sufficiency in the agricultural sector. Segalmex, created by Lopez Obrador, has been the target of multiple corruption accusations, with several former employees arrested by the…
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Thursday the country’s inflation targets were excessively rigid and renewed criticism of the central bank for high interest rates ahead of a meeting that will set its 2026 inflation goals. Lula’s remarks came as financial markets closely watch the National Monetary Council’s…
By Duncan Miriri and Marc Jones NAIROBI/LONDON (Reuters) – As Pakistan spiralled into crisis this year, Wilson Muthaura pressed its government to put the tea Kenya’s KTDA co-operative produces 3,400 miles away on a list of essentials that would grant importers access to precious U.S. dollars. His urgent lobbying reflects anxiety about a scarcity of…
BRASILIA (Reuters) – Brazil’s central bank joined on Thursday a wave of recent upward revisions for the country’s economic growth this year, guided by a solid first quarter boosted by the agriculture sector. In its quarterly inflation report, the central bank forecasts a 2.0% expansion in gross domestic product (GDP) for 2023, up from the…
SAO PAULO (Reuters) – Brazil’s finance minister has confirmed the country’s monetary council will keep next year’s inflation target at 3%, but reiterated he expects the body to tweak the time frame used to assess the goal’s fulfillment. Fernando Haddad’s remarks in an interview with GloboNews aired late on Wednesday came as markets on Thursday…
By Carolina Pulice MEXICO CITY (Reuters) – Grupo Carrefour Brasil launched a franchise model of convenience stores in the Brazilian market on Wednesday, aiming to tap into its know-how from years of experience in Europe, a top executive said. Carrefour Brasil’s convenience executive director Joao Edson Gravata said that the franchise format would put Carrefour…
By Kylie Madry MEXICO CITY (Reuters) – Mexico may repurchase about $4.2 billion in outstanding bonds issued to finance a partly built Mexico City airport that was later canceled, a senior official said on Wednesday. “It’s a possibility,” Deputy Transportation Minister Rogelio Jimenez Pons told reporters, noting that the finance ministry would lead any talks…
PORT-AU-PRINCE (Reuters) – An independent expert to the United Nations condemned mass deportations of Haitians who had fled the country amid a humanitarian crisis driven by worsening violence from heavily armed gangs who control large swathes of the country. In a statement following a visit to the Caribbean nation, William O’Neill said some methods used…
BUENOS AIRES (Reuters) – The World Bank and the Inter-American Development Bank (IDB) will provide Argentina with funds totaling over $1 billion, the South American nation’s economy ministry said on Wednesday, adding these should go toward development and energy projects. The move comes as cash-strapped Argentina battles to rework its debts and comply with financing…
