Brazil Hopes On Tax Reversal
31.12.2009
Finance Minister Guido Mantega announced the tax on foreign investments.
Later, Mantega will meet with Edemir Pinto, the chief executive at BM&FBovespa, to hear the exchange's appeal to lift or reduce the tax on capital market investments.
Brazil (1) -- Analyses -- 2009
Brazil recovers faster than predicted
31.12.2009
Unemployment was 7.7% in September, significantly below the 8.1% registered in August, the Brazilian Census Bureau or IBGE, said.
The Brazilian Central Bank offered few surprises in maintaining the base Selic interest rate at 8.75% per year at a meeting late Wednesday.
By issuing an identical statement to that at its last meeting, the bank signaled that concerns about inflation had not grown and reinforced ideas that rates will
remain stable for the rest of 2009 and probably for the start of 2010.
Brazil stocks have shot up 76% this year and are up 69% over the last 12 months.
Brazil's volume leader Petrobras was 1.4% higher at 37.20 Brazilian real ($21.45) despite falling oil prices.
Mining company Vale (VALE) was 2.3% higher at BRL41.70
Bulgarian