Brasilia

Brazil's central bank said Tuesday it had ordered Visa and Mastercard to suspend a joint project with WhatsApp to roll out digital payments within the popular messaging service, over fears it would be anti-competitive. Brazil, which has the second-most WhatsApp users worldwide after India, was the pilot country for the…

SAO PAULO/BRASILIA (Reuters) - Brazil's central bank effectively suspended a newly-launched system allowing users of Facebook Inc's WhatsApp messaging service to send money via chats, ordering Visa V.N and Mastercard MA.N to halt payments and transfers via the system.A 3D printed Whatsapp logo is placed on the keyboard in this…

BRASILIA, June 23 (Reuters) - Brazil’s central bank ruled on Tuesday that Visa and Mastercard must suspend launching payments and transfers on Facebook’s WhatsApp in the country, or must cease such operations immediately, according to a statement. The bank said it had made the decision in order to preserve the…

(Adds detail, quote) By Jamie McGeever BRASILIA, June 23 (Reuters) - Brazil’s central bank on Tuesday announced a series of measures to potentially pump hundreds of billions of reais into the economy, boosting credit in particular to micro, small and medium-sized companies struggling in the coronavirus crisis. The measures include…

BRASILIA, June 23 (Reuters) - Brazil’s central bank President Roberto Campos Neto said on Tuesday that firms will be able to use real estate as collateral for additional loans, a program that could potentially provide up to 60 billion reais ($11.6 billion) of new credit. In a presentation outlining the…

BRASILIA, June 23 (Reuters) - Brazil’s federal tax revenue fell to 77.4 billion reais ($15 billion) in May, the federal tax service said on Tuesday, down 32.9% in real terms on the same month last year. It was more, however, than the 69.9 billion reais forecast in a Reuters poll…

BRASILIA, June 23 (Reuters) - Brazil’s central bank on Tuesday outlined details of its plans to buy private-sector bonds on the secondary market, a program aimed at tackling potential dysfunction, volatility and lack of liquidity in the corporate bond market. Assets with a credit rating equivalent to “BB-“ or higher,…

By Reuters Staff1 Min ReadBRASILIA, June 22 (Reuters) - Brazil’s lower house speaker Rodrigo Maia on Monday said Congress is likely to vote new environmental licensing bill in August, following long-running demands from the country’s agricultural sector.Maia added that the existing rules are burdensome and hold back investments in the…

RIO DE JANEIRO (Reuters) - The governor of the federal district in which Brazil’s capital Brasilia is located closed the area around the presidential palace, ministries, Supreme Court and Congress on Sunday to keep right-wing supporters of President Jair Bolsonaro from gathering there. Governor Ibaneis Rocha forbade car and pedestrian…

RIO DE JANEIRO (Reuters) - The governor of the federal district in which Brazil’s capital Brasilia is located closed the area around the presidential palace, ministries, Supreme Court and Congress on Sunday to keep right-wing supporters of President Jair Bolsonaro from gathering there. Governor Ibaneis Rocha forbade car and pedestrian…