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SAO PAULO, May 29- Brazil's economic growth fell short of forecasts once again in the first quarter as President Dilma Rousseff's numerous stimulus packages failed to aid manufacturers while consumers, frightened by rising inflation, grew more conservative.
By Brian Winter and Silvio Cascione. SAO PAULO, May 29- Brazil's economic growth fell short of forecasts once again in the first quarter as President Dilma Rousseff's numerous stimulus packages failed to aid manufacturers while consumers, scared by rising inflation, grew more conservative.
*Inflation in Brazil more resilient than EM peers. BRASILIA, May 29- Financial markets see the Brazilian central bank likely hiking interest rates by 25 basis points to 7.75 percent on Wednesday, changing bets for a steeper increase after the release of weaker-than-expected economic growth figures this morning.
*Inflation in Brazil more resilient than EM peers. BRASILIA, May 29- Brazil is likely to hike interest rates for the second straight meeting on Wednesday, but the market remains divided on whether policymakers will maintain the pace of tightening during a timid recovery or accelerate it to curb high inflation.
Vice President Joe Biden began a three-day visit to Latin America's biggest country on Wednesday to meet Brazilian government and business leaders as Washington gears up for a planned state visit by President Dilma Rousseff later this year.
SAO PAULO, May 24- Just two years ago, Brazil was still hailed as "The Near China"- an economy that offered East Asia-style 7- percent growth rates in a seductive, sun-kissed package that was closer to home for western investors.
RIO DE JANEIRO, May 23- Brazil plans to sell the right to explore and develop its largest-ever oil discovery in October, putting up for auction an offshore petroleum prospect that is expected to produce about 12 billion barrels of oil over 35 years.
*Congress could shelve vote on bill. BRASILIA, May 23- Brazil's government plans to submit its mining reform bill to Congress in June rather than this month, energy minister Edison Lobao said on Thursday, prolonging a wait that is slowing investment in mineral extraction.
*Gov't plans to deduct $22 bln from primary budget goal. BRASILIA, May 21- The Brazilian government has further lowered its primary budget surplus target for this year, according to an official document obtained by Reuters on Tuesday, signaling it will continue to bolster spending to support a still timid economic recovery.
Brazil seeking vehicle for pension funds to invest in projects. BRASILIA, May 21- Brazil is sweetening terms for major infrastructure contracts to whet investor appetite and draw private capital and expertise needed to upgrade its deficient roads, railways and ports, the man in charge of planning the projects said on Tuesday.
SAO PAULO, May 20- Brazil's government needs to worry less about its high approval ratings and focus instead on reforms that, while unpopular, could bring the country out of its recent rut of subpar growth, former President Fernando Henrique Cardoso said on Monday.
BRASILIA, May 20- Brazilian President Dilma Rousseff said on Monday she ordered the Federal Police to investigate the source of a rumor that sent thousands of poor Brazilians running to state bank branches seeking payment of a monthly family stipend.
BRASILIA, May 16- Brazil's Congress approved. The reform bill, which may yet change if President Dilma Rousseff decides to veto parts of it, is an effort to make Brazil's clogged, costly and badly managed ports more efficient. That, backers believe, can help restore robust growth to Brazil's once-booming economy.
BRASILIA, May 16- Legislation that President Dilma Rousseff says is vital to her efforts to modernize Brazil's clogged and costly ports cleared the lower chamber of Congress after a marathon debate and is expected to win Senate approval later on Thursday.
*Central bank's IBC-Br index rises 1.05 pct over Q4. SAO PAULO, May 16- Economic activity in Brazil accelerated in the first quarter, central bank data showed on Thursday, adding to signs that a gradual recovery has gained steam after massive stimulus by President Dilma Rousseff's government.
*Congress to resume debate over port reform bill Wednesday. SAO PAULO, May 15- Stevedores at Brazil's Santos and Rio de Janeiro ports entered the second day of a strike to protest proposed legislation that may open terminals to new private-sector investments.
BRASILIA, May 13- Brazil's deputy Finance Minister Nelson Barbosa, who helped design some of the government's flagship economic projects, has handed in his resignation for personal reasons and will leave the post in June, the ministry said on Monday.
BRASILIA, May 10- Brazil campaigned hard to get the top job at the World Trade Organization this week but behind closed doors even it acknowledges that the WTO's main mission- pushing forward in global trade talks- looks for the moment like a lost cause.
BRASILIA, May 9- President Dilma Rousseff added a new minister to her Cabinet on Thursday, further enlarging a federal government whose rapid growth since her leftist party came to power a decade ago has increased Brazil's heavy tax burden.
*Brazil becomes first BRICS nation to head WTO. GENEVA, May 7- Brazil's Roberto Azevedo has won the race to become the next head of the World Trade Organization, the first candidate from the BRICS club of emerging economies to take the job.