Brazil's Finance Minister Fernando Haddad found the Monetary Policy Committee (Copom)'s decision to leave the basic Selic interest rate unchanged at 13.75% per year very worrisome, particularly because new increases were not ruled out for the near future, Agencia Brasil reported.Add your comment!
Brazilian President Luiz Inacio Lula da Silva criticized on Tuesday the country's central bank, saying that an interest rate of 13.75% - its current level - is “irresponsible,” adding he will continue to fight the current level to stimulate the economy.5 comments
As he prepares to leave for Bangalore, India, this week to attend a G20 conference of economy ministers ahead of the summit of heads of government and state, Brazil's Fernando Haddad insisted that the largest South American country intends to be active again in the solution of global crises, Agencia Brasil reported. The Finance Minister also said he believed socio-environmental sustainability should be a topic in all his bilateral meetings.
Argentina and Brazil are looking at ways to stimulate bilateral trade and investments but not eliminate their own currencies, according to Brazilian Finance Minister Fernando Haddad, who played down the idea of a single shared currency between the two Mercosur partners.
Brazil's Economy Minister Fernando Haddad said Tuesday after a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva that the agency was willing to help South America's largest country handle its fiscal situation, Agencia Brasil reported.
Brazil's Minister of Finance Fernando Haddad and the Minister of Environment Marina Silva will be the official representatives to the World Economic Forum, (WEF) scheduled for January 16/20 in Davos, Switzerland and the message from the delegation to global investors is that the weekend's turmoil belongs to the past and Brazil is ready to play its important role in international politics.
Former Presidential candidate and Senator Simone Tebet, who endorsed Luiz Inácio Lula da Silva in the Oct. 30 runoff against the incumbent Jair Bolsonaro, has reportedly accepted to become Brazil's next Planning Ministry, according to press reports published Tuesday in Brasilia. The official announcement is to be made Wednesday.
Former Brazilian President Luiz Inácio Lula Da Silva and his economic team would push for a unified regional currency like the Euro to end South America's inclination to the US dollar should he win the Oct. 2 elections over the incumbent Jair Bolsonaro, it was reported Monday.
Facebook Inc’s fine for withholding WhatsApp messages from a drug-trafficking investigation in Brazil should be reduced to 23 million reais (US$ 5 million), a Brazilian federal appeals court ruled on Tuesday.
Former Brazilian president Lula da Silva on Friday said the country is governed by a “gang of madmen” in his first interview from prison, where he is serving an almost nine-year sentence.