Tag: Joaquim Levy

• Tuesday, September 15th 2015 - 09:40 UTC

  Lula 'intimately' wants Dilma removed from office, says O Estado de Sao Paulo

  

  Former Brazilian president Lula da Silva, “intimately celebrates” a possible political action that would remove president Dilma Rousseff from the Planalto Palace, according to one of the country's most respected and serious dailies, O Estado de Sao Paulo.

• Tuesday, September 8th 2015 - 08:54 UTC

  Brazil confident it can stand 'first period of volatility' if Fed raises rates

  

  Brazil is well prepared to cope with any market volatility resulting from a U.S. interest rate rise, Finance Minister Joaquim Levy said on Monday. The minister told a meeting in Madrid that Brazil's banks were well capitalized and the country has large foreign exchange reserves.

• Thursday, September 3rd 2015 - 07:21 UTC

  Rousseff pledges to reduce budget deficit; denies Levy was stepping down

  

  President Dilma Rousseff vowed on Wednesday to take new measures to reduce the deficit her administration is projecting for 2016, without ruling out more spending cuts and additional taxes in Brazil. The 2016 budget unveiled on Monday projected Brazil’s first-ever primary fiscal deficit, before payment of interest on the national debt, sparking controversy.

• Tuesday, September 1st 2015 - 06:36 UTC

  Brazil presents 2016 budget and Real drops to a 12-year low against the dollar

  

  Brazil's government presented a 2016 budget Monday that for the first time projects the world's seventh largest economy operating in the red, sparking worries that the country's investment grade rating will be put at risk.

• Monday, August 31st 2015 - 07:22 UTC

  Lacking congressional support Rousseff discards reinstating financial transactions tax

  

  President Dilma Rousseff has dropped the idea of reinstating a tax on financial transactions to bridge a gaping fiscal deficit in Brazil after it ran into a barrage of criticism even from within her coalition, Brazilian media reported on Sunday.

• Tuesday, August 25th 2015 - 14:48 UTC

  Rousseff ever more lame: VP Temer to drop as political coordinator

  

  Brazilian Vice President Michel Temer has decided to drop his role as day-to-day political coordinator in Congress for President Dilma Rousseff but is not leaving her government, two sources in the administration said on Monday.

• Friday, August 14th 2015 - 09:23 UTC

  Political ally who can save Rousseff from impeachment wants Brazil out of Mercosur

  

  Renan Calheiros, president of the Brazilian Senate, and the man who could help President Dilma Rousseff avoid impeachment in Congress, has proposed a package of measures to rescue Brazil from its current stagflation, but among his demands is “an end to the customs union of Mercosur”.

• Thursday, August 13th 2015 - 03:40 UTC

  Political accord in Brazil to implement 27 market-friendly measures

  

  President Dilma Rousseff and leading Brazilian senators are preparing a joint set of major reforms that seek to introduce an agenda of market-friendly proposals, in a move one senior official says is an effort to counter a revolt by lawmakers in the Lower House.

• Wednesday, August 12th 2015 - 07:30 UTC

  Moody's tough on Brazil but also confident on a mid term growth rebound

  

  Moody’s Investors Service cut Brazil’s credit rating to near-junk status on Tuesday but said the country’s coveted investment grade status is safe for now, proving some relief to investors and the government of President Dilma Rousseff.

• Wednesday, July 29th 2015 - 06:00 UTC

  S&P warns Brazil could lose investment-grade rating as economic slippage continues

  

  Standard & Poor's on Tuesday said Brazil could lose its coveted investment-grade rating in the coming year if fallout from a number of corruption investigations further stymies economic growth and the implementation of austerity measures.