REFILE-S&P sees slower-than-expected fiscal progress in Brazil

(Corrects day of week in first paragraph)

SAO PAULO, Jan 12 (Reuters) – Brazil has made slower-than-expected progress in cutting government spending ahead of this year’s presidential elections, a Standard & Poor’s director said on Friday, a day after the ratings agency downgraded the country deeper into junk.

In a webcast, S&P managing director Lisa Schineller highlighted the difficulty of passing an unpopular plan to trim social security spending in an election year. Policymakers in Brazil tend to struggle to pass austerity measures even with strong backing in Congress, she added. (Reporting by Bruno Federowski Editing by Chizu Nomiyama)

The Wider Image App

Explore the world through captivating visual stories by award-winning Reuters photojournalists. This immersive app for iPad reimagines news photography to bring images and information to life.

The Wider Image is a winner of 25 awards for innovation, photojournalism and design and an iTunes Editors Choice.

The Wider Image is also available as a responsive site at widerimage.reuters.com

Features include:

  • Discover What Matters: Uncover stories, people and places you never knew existed. New visual reports added daily to the wealth of work.
  • Lean in and Learn: Get more context on every story – interact with image sequences, read expanded facts, swipe between the before and after, hear words and sounds.
  • Meet the Storytellers: Get to know the photographers with behind the scenes images and insights. Follow your favorites to see new work as it is added.
  • Show and Tell: Enjoy stunning photojournalism on your television for all to see via Apple TV. Share stories with confidence they look great on any device.
REFILE-S&P sees slower-than-expected fiscal progress in Brazil
REFILE-S&P sees slower-than-expected fiscal progress in Brazil

Rents boost U.S. core CPI; retail sales rise solidly

WASHINGTON Underlying U.S. consumer prices recorded their largest increase in 11 months in December amid strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will accelerate this year.

House passes NSA spying bill after Trump tweets cause confusion

REFILE-S&P sees slower-than-expected fiscal progress in Brazil

The U.S. House of Representatives on Thursday passed a bill to renew the National Security Agency’s warrantless internet surveillance program, overcoming objections from privacy advocates and confusion prompted by morning tweets from President Donald Trump that initially questioned the spying tool.  Full Article 

Source: Reuters

News

RPT-Mexican oil shake-up likely if frontrunner wins presidency, says adviser

February 23, 2018 mmayha 0

(Repeats Thursday story with no changes to text) By David Alire Garcia MEXICO CITY, Feb 22 (Reuters) – Mexico’s presidential frontrunner is not opposed to foreign investment in the country’s oil, his top energy adviser […]

News

Wall St Weekahead-Markets fret over Federal Reserve's approach under new chair Powell

February 23, 2018 mmayha 0

NEW YORK, Feb 23 (Reuters) – Investors are starting to doubt whether they can count on the protective embrace of an accommodative U.S. central bank when markets go haywire. Federal Reserve chair Jerome Powell has […]

News

BRIEF-Albemarle ‍Declares Quarterly Dividend Of $0.335 Per Share​

February 23, 2018 mmayha 0

Feb 23 (Reuters) – Albemarle Corp: * ALBEMARLE CORPORATION RAISES DIVIDEND FOR 24TH CONSECUTIVE YEAR * ALBEMARLE CORP – ‍DECLARED A QUARTERLY DIVIDEND OF $0.335 PER SHARE, AN INCREASE OF NEARLY 5% OVER PREVIOUS QUARTERLY […]

Be the first to comment

Leave a Reply