Henrique Meirelles News
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Brazil’s central bank kept its benchmark rate at a record low for the third straight meeting, as policy makers seek to buoy the country’s economic recovery amid accelerating inflation.
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Brazil’s J&F Participacoes SA, the parent of the world’s biggest beef producer, postponed a planned junk bond sale three days after a surge in borrowing costs led a Brazilian oil company to scrap a debt offering.
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J&F Participacoes SA, owner of the world’s biggest beef producer, is looking into buying the energy distributor Rede Energia SA, according to J&F Chairman Henrique Meirelles.
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Strengthening the independence of Brazil’s central bank will help reduce uncertainties in Latin America’s biggest economy, said Henrique Meirelles , president of the monetary authority.
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Brazilian media baron Silvio Santos , who controls Banco Panamericano SA , was ultimately responsible for spotting accounting irregularities at his lender, and not Brazil’s central bank, the monetary authority’s President Henrique Meirelles told O Estado de S. Paulo .
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Brazilian President-elect Dilma Rousseff appointed Alexandre Tombini as central bank president and vowed to keep the policies that helped her predecessor slow inflation to about 5 percent last month from as high as 17 percent in 2003.
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Brazil’s former central bank head Henrique Meirelles accepted President Dilma Rousseff ’s invitation to lead the country’s Olympic authority, according to a government official with knowledge of the matter.
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The yield on Brazil’s most traded interest-rate futures contract headed for an almost five-month high after central bank President Henrique Meirelles signaled policy makers may raise borrowing costs.
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The yield on Brazil’s most traded interest-rate futures contract headed for an almost five-month high after central bank President Henrique Meirelles signaled the authority may raise interest rates in the months ahead.
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Alexandre Tombini , Brazilian President-elect Dilma Rousseff ’s pick to head the central bank, will raise interest rates enough in his first weeks on the job to curb inflation, trading in futures contracts shows.
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