Manufacturing activity in Brazil expanded in October as strong demand prompted firms to increase payrolls for the first time in three months, bolstering the outlook for a steady economic recovery. The Purchasing Managers' Index calculated by research firm Markit rose to 51.1 from 50.9 in September, holding above the 50 threshold separating a contraction from an expansion for a fourth straight month.
Brazil’s President-elect Jair Bolsonaro said on Thursday his future administration may keep the agriculture and the environment ministries separate, backtracking from a proposal to combine the two that had alarmed environmentalists.
Brazilian far-right President-elect Jair Bolsonaro has convinced crusading anti-graft Judge Sergio Moro to become his justice minister, the two said on Thursday, delighting supporters and enraging critics “by hiring the jurist who jailed Bolsonaro's chief political rival”.
Brazil's far-right president-elect Jair Bolsonaro promised to move his country's embassy in Israel to Jerusalem, the newspaper 'Israel Hayom' reported Thursday.
Brazil’s central bank on Wednesday held interest rates at an all-time low less than a week after the victory of far-right lawmaker Jair Bolsonaro in presidential elections allayed fears of a currency sell-off.
Brazil’s environment and agriculture ministers on Wednesday criticized President-elect Jair Bolsonaro’s plans to merge their departments, saying it would hurt the country’s agenda on both fronts. Bolsonaro has pledged to roughly halve the number of existing ministries in an effort to reduce bureaucracy and government bloat. He also vowed to merge the planning, finance and industry ministries into one super ministry.
Brazil's President elect Jair Bolsonaro has vowed to push for a change in the current legislation which requires people to justify their need to carry a weapon in order to be given the mandatory license.
Brazil’s far-right president-elect, Jair Bolsonaro, is likely to tap army generals and an ultra-free-market economist for key roles in his cabinet. The former army captain styles himself as an outsider, even though he has spent a long career in Congress, and has mostly sought prospective ministers with little political experience.
Brazil's unemployment rate fell for the sixth straight month in September, according to government data released on Tuesday, two days after far-right congressman Jair Bolsonaro was elected president on a promise of sweeping change. The jobless rate -- measured in sliding three-month intervals -- was 11.9% for the period from July to September, down from 12.1% from June to August.
The president elect of Brazil Jair Bolsonaro in his first television interview as president elect said it was necessary to solve the problem of the Venezuela dictatorship of Nicolas Maduro, but underlined “there will be no intervention in Caracas, it will be through peaceful means”.