Tag: Henrique Meirelles

Thursday, August 24th 2017 - 09:54 UTC
Ex president Lula admits he might have to step down as candidate in 2018

Former Brazilian president Lula da Silva told Reuters on Wednesday that his recent conviction for corruption might mean that his Workers Party will have to field a candidate other than him in next year's election.
Tuesday, August 15th 2017 - 09:34 UTC
Temer and Meirelles discussing with congress leaders budget deficit and cabinet positions

Brazil's government delayed the announcement of looser budget targets for 2017 and 2018, previously expected for Monday, as authorities struggled to estimate revenues given strong opposition in Congress to tax hikes.
Friday, August 4th 2017 - 08:09 UTC
Temer expected to retake reforms agenda with Congress, but how strong is he?

Brazil's Congress is expected to reopen the door for a modest pension overhaul as soon as October, lawmakers said before returning to normal business on Thursday following a vote to block a corruption trial against President Michel Temer. Still, legislators warned that Temer must spend some of his newfound political capital either on measures raising tax revenue or a new, less ambitious 2017 budget target.
Tuesday, August 1st 2017 - 06:36 UTC
Hammond in Brazil announced the doubling of support for bilateral trade

The Chancellor, Philip Hammond, has unveiled a series of new commercial agreements with Brazil on Monday, on day one of his visit to showcase British business and deepen trade and economic ties with South America’s biggest economies. Among the measures has been doubling support to £3 billion, to promote bilateral trade.
Monday, July 24th 2017 - 08:50 UTC
Brazil cuts spending and raises taxes, including on fuel, to try and balance the budget

Brazil's government increased a spending freeze and raised taxes to cover a budget gap this year, reinforcing its commitment to fiscal discipline but dealing a potential blow to fragile economic growth. In a statement by the Finance and Planning Ministries, the government said it will freeze an additional 5.9 billion Reais (US$1.9 billion) in federal spending this year
Tuesday, July 11th 2017 - 07:47 UTC
Meirelles confident Brazil is climbing out of worst recession in history

Speaking during the G20 summit in Hamburg, Germany, Henrique Meirelles gave more details about Brazil's economic recovery trajectory.
Saturday, June 10th 2017 - 09:16 UTC
Brazil tightens corruption controls on banks and listed companies

Brazilian presidential decree raising fines on banks and listed companies involved in illicit acts aims to empower the central bank and the country's securities industry watchdog in their efforts to bolster transparency, Finance Minister Henrique Meirelles said in Paris.
Saturday, May 27th 2017 - 08:32 UTC
Moody's lowers Brazil's credit outlook; Meirelles confident the reform agenda will be approved

Brazil's economy is clearly growing again after a severe recession and will be shielded from a political crisis by widespread support for the government's reform agenda, Finance Minister Henrique Meirelles said, despite the fact Moody's on Friday announced it was lowering the country's credit outlook.
Monday, May 22nd 2017 - 07:15 UTC
Temer's time running out; economic reforms delayed; possible names to succeed the discredited president

Demonstrators marched across Brazil on Sunday calling for the resignation or ouster of President Michel Temer who is implicated in a widening corruption scandal that is undermining his government's fragile efforts to end a historic recession. Protests took place in cities including São Paulo and Rio de Janeiro, where hundreds of demonstrators marched along the shoreline, chanting and waving banners reading “Temer Out!”
Thursday, May 18th 2017 - 22:37 UTC
Bovespa plummets 8.8% and Real suffers the largest drop in 14 years

Brazilian markets plummeted on Thursday as allegations that President Michel Temer condoned bribes to silence a key witness deflated investor optimism about the prospects for his ambitious pension and labor reform agenda.