Tag: Guido Mantega

• Thursday, August 22nd 2013 - 23:40 UTC

  Brazil fuel prices remain unchanged for now…despite growing losses of Petrobras

  

  Brazil's President Dilma Rousseff has not yet discussed raising gasoline and diesel prices to support state-run oil producer Petrobras, said her spokesperson in response to local media reports on Thursday.

• Tuesday, August 20th 2013 - 23:35 UTC

  The sliding Brazilian currency has depreciated 18% in the last twelve months

  

  The Brazilian currency Real, which is the region’s reference, is undergoing one of its major depreciations against the US dollar in the last four years because of the poor performance of its economy and the tendency is to continue, at least in the short term, given the uncertainty about US monetary policy.

• Sunday, August 11th 2013 - 21:19 UTC

  Brazil’s Rousseff approval rating bouncing back; support for economic team remains ‘soft’

  

  President Dilma Rousseff’s approval rating gained six percentage points after diving in the wake of massive protests in Brazil, a poll published on yesterday showed. The number of Brazilians who consider Rousseff’s administration “great” or “good” was 36%, up from an all-time low 30% in late June.

• Friday, August 2nd 2013 - 03:55 UTC

  Brazil supports IMF aid to Greece and summons delegate back home to explain

  

  Brazil on Thursday expressed support for the IMF latest aid package for Greece, disavowing its IMF delegate who abstained in a vote on the issue. Finance Minister Guido Mantega spoke with IMF chief Christine Lagarde and backed the Fund's decision to release 1.7 billion Euros in rescue loans to ailing Greece Monday, his spokesman said.

• Monday, July 29th 2013 - 06:12 UTC

  Rousseff brushes aside a ‘Lula option for 2014’ and ratifies minister Mantega

  

  Responding to claims that former president Lula da Silva ‘is returning to politics’ and thus conditioning her re-election bid next year, Brazilian president Dilma Rousseff said the former trade union leader ‘never left politics’ and their relation ‘can’t be dissociated’. She also ratified Finance minister Guido Mantega.

• Tuesday, July 23rd 2013 - 07:54 UTC

  Despite papal blessings, Brazil further cuts spending and growth forecast

  

  Brazil is cutting spending for the second time in two months to help meet its fiscal target as it forecasts slower growth this year which was also confirmed according to the latest Central Bank survey. The economic data was announced while Brazil had its eyes and ears in Rio do Janeiro to receive Pope Francis.

• Saturday, July 20th 2013 - 05:35 UTC

  Fitch maintains Brazil’s debt outlook ‘stable’ and minister says the report was ‘fair’

  

  Brazilian Finance Minister Guido Mantega said that Fitch's decision to maintain the country’s debt outlook at stable was “fair” given Brazil robust finances and lesser debt burden.

• Thursday, June 27th 2013 - 05:42 UTC

  Protests continue in Brazil while Congress is working overtime to legislate on grievances

  

  As protests again turned violent near the stadium where Brazil’s national team was playing arch-rival Uruguay, legislators kept up a lawmaking spurt aimed at quelling the biggest street demonstrations in two decades by increasing penalties for corruption.

• Friday, June 14th 2013 - 23:17 UTC

  Brazil pumps more consumer credit lines trying to bolster the economy

  

  The administration of President Dilma Rousseff will hand out 17 billion Reais (8 bn dollars) in cheap loans for home appliance purchases it was announced this week, a further attempt bolster Brazilians' buying power as an anemic economy and high inflation erode its approval rating.

• Wednesday, June 5th 2013 - 08:16 UTC

  Fearing lesser global liquidity, Brazil eliminates tax on foreign capital inflows

  

  Brazil will scrap a tax on foreign investments in local debt, a surprise move that could help stop a sharp depreciation of the country's currency which lost 7.6% in the past three months and that threatens to stoke already high inflation in Latin America's largest economy.