Tag: Jair Bolsonaro

• Tuesday, March 2nd 2021 - 09:54 UTC

  Bolsonaro promises to sign on Tuesday a decree suspending a tax on diesel to prevent a truckers strike

  

  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.

• Sunday, February 28th 2021 - 10:35 UTC

  Bolsonaro argues state controlled companies should fulfill a social function

  

  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.

• Friday, February 26th 2021 - 09:40 UTC

  Brazil's share of Electrobras will fall to 45% from 61% under the privatization deal

  

  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.

• Friday, February 26th 2021 - 09:17 UTC

  Brazil's death toll in twelve months of coronavirus, 250,000

  

  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.

• Thursday, February 25th 2021 - 10:37 UTC

  Bolsonaro praises Economy minister Guedes trying to overcome the Petrobras controversy

  

  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.

• Thursday, February 25th 2021 - 08:44 UTC

  Brazilian border state of Acre chastised by the spell of several plagues

  

  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.

• Thursday, February 25th 2021 - 08:44 UTC

  Brazil reaffirms electricity provider Electobras privatization, except for nuclear plants and Itaipu dam

  

  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.

• Wednesday, February 24th 2021 - 08:58 UTC

  Bolsonaro poised to ensure the removal of Petrobras CEO

  

  Brazilian president seems poised to win his controversial struggle over the removal of the country's giant oil and gas company Petrobras CEO, and replacement by a former Army general. In effect, Petrobras on Tuesday called an extraordinary shareholders' meeting, a move that all but guarantees the exit of CEO Roberto Castello Branco.

• Tuesday, February 23rd 2021 - 08:11 UTC

  Bolsonaro's arrogance plunges Bovespa index 4% and Petrobras shares 21%

  

  Brazil’s benchmark Bovespa index fell more than 4% Monday following President Jair Bolsonaro's decision last week to replace the chief executive of state oil company Petrobras. The company's shares plunged more than 21% on news that the government nominated an army general with no oil and gas industry experience as its new CEO.

• Monday, February 22nd 2021 - 08:10 UTC

  Fuel prices dispute, Petrobras CEO removal trigger fears of economic populism

  

  More changes are in the pipeline, announced Brazilian president Jair Bolsonaro, after replacing the CEO of the country's oil and gas giant Petrobras with a former general. The move had an immediate impact in markets given the confidence investors had in the removed University of Chicago educated economist, Roberto Castello Branco.