Tag: Joaquim Silva e Luna

• Tuesday, March 29th 2022 - 09:39 UTC

  Bolsonaro sacks Petrobras chief, pending approval

  

  The Brazilian Government Monday decided to sack Retired General Joaquim Silva e Luna as Petrobras CEO and appoint Economist Adriano Pires instead, after the price of fuel kept soaring, thus affecting President Jair Bolsonaro's chances of reelection.

• Wednesday, November 24th 2021 - 08:46 UTC

  Bolsonaro favors reviewing Petrobras' formula to adjust price of fuel

  

  Brazil's President Jair Bolsonaro Tuesday said he intended to have Petrobras' international parity system reviewed, although he fell short of disclosing how he planned to go about it.

• 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.

• 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, May 30th 2018 - 09:39 UTC

  Brazilian military “not worried”, with strikers; protests are protected by the Constitution

  

  Brazil's Minister of Institutional Security Sergio Etchegoyen on Tuesday rejected calls to deploy military troops to break up protracted nationwide protests against fuel price hikes. Etchegoyen, a general appointed by President Michel Temer, said such a heavy-handed response was outdated.