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Tag: Reserves

By Dorah Feliciano, Contributing Reporter BRASILIA, BRAZIL – A week after massive protests against government budget cuts in education, Brazil’s Economics Ministry announced on Wednesday that it was transferring R$1.588 billion of its reserves to the Ministry of Education. With...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s Banco Central (Central Bank, BC) has reduced its compulsory reserve requirements for the country’s banks, freeing up some R$30 billion (US$15 billion) of the R$380 billion (US$189 billion)...
By Stephen Eisenhammer, Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil will become self-sufficient in natural gas within the next five years, after which it will grow into an influential exporter, according to Edison Lobão, Brazil's energy and mining minister. ...

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