SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (49375)4/30/2009 1:20:00 AM
From: elmatador  Respond to of 217768
 
rate lowered to a record 10.25% from 11.25%. Brazil may be recovering from its deepest quarterly contraction on record. After slashing a record 655,000 jobs in December, companies rehired 35,000 workers last month. Car sales climbed 17 percent in March from a year earlier and bank lending also rebounded after falling in February for the first time in five years.

“Policy makers are signaling that the risk of a longer contraction has lessened,” said Roberto Padovani, senior strategist at Banco WestLB AG in Sao Paulo, adding that the directors gave no hint of their next move in an unusually terse, one-sentence statement. “But they want to keep their options open and not close any doors.”

bloomberg.com