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Brazil to unveil fiscal package worth up to $10.8 billion for next year, minister says

Brazil to unveil fiscal package worth up to $10.8 billion for next year, minister says

BRASILIA, Nov 11 (Reuters) - Brazil's government will propose new mechanisms allowing deeper spending curbs than currently required under its fiscal rules, Planning Minister Bruno Moretti said on Wednesday, as part of a package that is expected to improve public finances by up to 60 billion reais ($

Brazil to propose optional delay in federal consumption tax payments during 2027 transition

Brazil to propose optional delay in federal consumption tax payments during 2027 transition

BRASILIA, Nov 11 (Reuters) - Brazil's government will send Congress a bill allowing taxpayers to postpone final payment of the federal portion of a new consumption tax set to take effect in January, Robinson Barreirinhas, the tax revenue chief, said on Wednesday.

Brazil plans measures for 2027 fiscal savings, source says

Brazil plans measures for 2027 fiscal savings, source says

SAO PAULO, Nov 10 (Reuters) - Brazil will unveil in the next few days measures to achieve a fiscal adjustment equivalent to 0.5% of gross domestic product in 2027, a government source said on Tuesday.

Analysts weigh how Democrats’ midterm wins could shift Trump’s Latin America policy

Analysts weigh how Democrats’ midterm wins could shift Trump’s Latin America policy

Analysts are examining how recent Democratic wins in the U.S. midterm elections might impact Latin America during President Donald Trump's final two years

Conflict must not distract from climate action, leaders warn COP31

Conflict must not distract from climate action, leaders warn COP31

By Tuvan Gumrukcu and Valerie Volcovici ANTALYA, Turkey, Nov 11 (Reuters) - Wars and trade disputes should not be allowed to distract the world from its struggle to combat global warming, leaders told the COP31 climate conference on Wednesday, as negotiators prepared to hash out a new deal to try to

Brazil fines Facebook $1.3 million for failing to comply with court orders during election

Brazil fines Facebook $1.3 million for failing to comply with court orders during election

Brazil’s top electoral court fines Meta’s Facebook $1.3 million for not fully complying with judicial orders during the recent presidential election runoff campaign

Brazil electoral court fines Meta, sees no deliberate election bias

Brazil electoral court fines Meta, sees no deliberate election bias

SAO PAULO, Nov 11 (Reuters) - Brazil's electoral authority fined Meta's Facebook 7.5 million reais ($1.34 million) for failing to fully comply with judicial orders during last month's presidential election runoff campaign, but said there was no evidence so far the company had deliberately acted to

Brazil's central bank signals high bar for rate hikes despite inflation risks

Brazil's central bank signals high bar for rate hikes despite inflation risks

By Marcela Ayres BRASILIA, Nov 10 (Reuters) - Brazil's central bank signaled on Tuesday that slowing economic growth could help limit the inflationary impact of a series of supply shocks, reinforcing expectations that policymakers will keep interest rates on hold despite a worsening price outlook.

Brazil's Lula, worried about high interest rates, pledges budget discipline

Brazil's Lula, worried about high interest rates, pledges budget discipline

By Marcela Ayres BRASILIA, Nov 8 (Reuters) - Brazil's reelected President Luiz Inacio Lula da Silva on Sunday reaffirmed his commitment to fiscal responsibility and said he wanted to help bring down high interest rates but stopped short of announcing new measures to address investor concerns.

Brazil central bank chief says it will keep fighting inflation with tight policy

Brazil central bank chief says it will keep fighting inflation with tight policy

By Marcela Ayres BRASILIA, Nov 10 (Reuters) - Brazil's central bank governor, Gabriel Galipolo, said on Tuesday that the bank would use tight monetary policy to keep inflation under control even if it causes strains in other parts of the economy.

Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound

Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound

By Marcela Ayres BRASILIA, Nov 10 (Reuters) - Brazil's central bank said on Tuesday that worsening inflation prospects despite slowing growth reflected four supply shocks: higher oil prices, El Niño-related pressures, the impact of ending the 44-hour work week and a weaker currency driven by

War, conflict must not distract from climate action, leaders warn COP31

War, conflict must not distract from climate action, leaders warn COP31

By Tuvan Gumrukcu and Valerie Volcovici ANTALYA, Turkey, Nov 11 (Reuters) - Wars and trade disputes should not be allowed to distract the world from its struggle to combat global warming, the leaders of Brazil and Turkey told the COP31 climate conference on Wednesday.