Tag: Jair Bolsonaro

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.
Saturday, February 20th 2021 - 08:42 UTC
Bolsonaro sacks Petrobras CEO over diesel prices dispute and truckers strike threat

Brazilian President Jair Bolsonaro on Friday sacked a market-friendly economist as CEO of Petrobras and named a retired general to replace him, following on disputes over diesel prices that threatened a major teamsters stoppage.
Wednesday, February 17th 2021 - 08:42 UTC
Brazilian city suspends vaccination campaign because of insufficient doses

Rio de Janeiro suspends Covid-19 vaccination campaign until next week because the Brazilian city has run out of doses, Mayor Eduardo Paes announced. “I have been informed that the new doses did not arrive. We will have to interrupt our campaign from Tuesday,” Paes wrote on Twitter.
Wednesday, February 17th 2021 - 08:42 UTC
Bolsonaro seeks Israeli developed nasal spray against Covid-19, recommended by his “good friend” Netanyahu

President Jair Bolsonaro said the Brazilian government would seek emergency use authorization for an Israeli-developed nasal spray against Covid-19 that Prime Minister Benjamin Netanyahu described as a “miracle” treatment.
Saturday, February 13th 2021 - 08:38 UTC
Bolsonaro has congress support to extend pandemic emergency payments for another four months

The leaders of Brazilian congress two chambers announced on Friday priority will be given to reviving pandemic emergency payments to the vulnerable population, which are expected to be granted in four months, from March to June.