
The decision to annul former president Lula da Silva's conviction had an immediate effect in financial markets and scrambled forecasts for the 2022 Brazilian presidential race, with many investors betting it would polarize voters between right-wing populist president Jair Bolsonaro, and Lula, a left-wing populist but also his greatest opponent.

President Jair Bolsonaro has told Brazilians to stop whining about Covid-19, as he criticized measures to curb the virus despite a surge in cases and deaths. His comments came a day after Brazil saw a record rise in deaths over a 24-hour period.

Brazilian president Jair Bolsonaro confirmed he will be traveling to Argentina on March 26th for the celebration of Mercosur's 30th anniversary, and also offered support for the president Alberto Fernandez administration negotiations with the IMF.

Brazilian President Jair Bolsonaro said on Tuesday he would suspend a tax on diesel fuel, to try and placate truckers, but the government would instead hike taxes on banks to offset lost revenue.

Brazilian President Jair Bolsonaro said that the country’s state-controlled companies should fulfill a social function and any different understanding by their chief executives was unacceptable.

Brazil’s government will cut its stake in power company Centrais Eletricas Brasileiras SA , or Eletrobras, to 45% from its current 61% in a planned privatization process, a senior official in the Energy Ministry announced on Wednesday.

One year ago on Thursday, Brazil confirmed its first case of coronavirus. The same day it recorded a quarter of a million deaths from the disease the virus causes and more than 10 million cases since the beginning of the pandemic.

Brazilian President Jair Bolsonaro praised his Economy Minister Paulo Guedes as the “anchor” of his government, in an attempt to quash speculation of a deepening division between the two after Bolsonaro last week ousted Petrobras CEO triggering a plunge in markets.

Brazilian President Jair Bolsonaro on Wednesday visited the state of Acre, in the Amazon rainforest, where several cities have been submerged in floodwaters, adding yet another challenge for the beleaguered state.

Brazilian President Jair Bolsonaro went to Congress to deliver a provisional measure associated with his government’s plans to privatize state-run electricity provider Eletrobras.