Tag: Guido Mantega

• Wednesday, November 24th 2010 - 20:17 UTC

  Rousseff confirms flexible-orthodox Tombini to head Brazil’s central bank

  

  Brazilian president-elect Dilma Rousseff press office announced Thursday that economist Alexandre Tombini will be the next president of the central bank; economist Guido Mantega will continue as Finance minister and engineer Miriam Belchoir coordinator of PAC (program to bolster growth) will become Planning and Budget minister.

• Monday, November 15th 2010 - 19:29 UTC

  Dilma prepared to apply drastic measures to contain Brazil’s currency surge

  

  Brazilian president-elect Dilma Rousseff admitted her administration would take all the necessary measures possible to prevent the Brazilian Real from increasing its value vis-à-vis the US dollar, according to reports from the Sao Paulo press that interviewed the successor of President Lula da Silva in the recent G-20 summit in Korea.

• Tuesday, October 19th 2010 - 03:28 UTC

  Brazil again ups tax on incoming capital; calls for end to the “currency war”

  

  Brazil increased taxes on foreign investments in fixed-income securities for the second time in a month and Finance Minister Guido Mantega said countries trying to defend exports must end the “currency war.”

• Tuesday, October 5th 2010 - 23:20 UTC

  Brazil doubles tax on foreign investors buying local bonds and fixed return assets

  

  Brazil doubled this week the tax on foreign investors buying local bonds or making deposits in fixed returns in an attempt to curb a currency rally that has turned into an issue in the country's presidential race.

• Monday, September 20th 2010 - 04:25 UTC

  Brazil’s post-election adjustment “won’t have much influence” on Uruguay

  

  Uruguayan market analysts don’t believe Brazil’s attempts to prevent its currency from continuing to appreciate will have a relevant impact for Uruguay or for its foreign exchange rate.

• Friday, September 10th 2010 - 04:39 UTC

  Brazil’s Real at its highest in eight months; government promises a cap

  

  Brazilian Finance Minister Guido Mantega said the government won’t allow the Real to strengthen excessively as the currency reached its strongest in eight months.

• Saturday, September 4th 2010 - 05:24 UTC

  Petrobras unveils world’s largest public share offering, but there are questions…

  

  The Brazilian state managed oil company Petrobras unveiled on Friday plans to sell up to 64.5 billion US dollars of new stock, in one of the world's largest public share offerings.

• Monday, August 30th 2010 - 19:28 UTC

  Brazil preparing to act against the strong appreciation of its currency

  

  Brazilian Finance Minister Guido Mantega said foreign-based companies operating in Brazil should consider sending some profits home as the exchange rate is unlikely to remain as favorable as it is now.

• Wednesday, August 11th 2010 - 06:07 UTC

  Two leading Brazilian banks join to expand operations in Africa

  

  Two leading Brazilian banks have agreed to acquire stakes in BES Africa, a holding company belonging to Portugal’s biggest publicly traded bank that makes investments in Africa.

• Thursday, May 13th 2010 - 10:56 UTC

  Brazil Poised to Raise Rates and Make Significant Cuts in Government Spending

  

  Brazilian President Lula da Silva on Wednesday said the country's interest rates could go up again this year “if necessary,” even in the run-up to the presidential election. Brazil is holding elections next October and will be voting for the successor of Lula da Silva who is barred from running a third consecutive mandate.