Tag: Nelson Barbosa

• Saturday, May 23rd 2015 - 06:27 UTC

  Brazil announces US$ 22.5bn spending cuts and confirms minister Levy

  

  Brazil finally announced its much expected budget resources reshuffle that will freeze 69.9 billion Reais (22.58 billion dollars) worth of spending on investment, education and health programs this year, limiting outlays in a bid to convince investors that President Dilma Rousseff is committed to saving the country's investment-grade rating.

• Thursday, February 12th 2015 - 05:45 UTC

  Petrobras has trouble finding an independent chairman of the board

  

  Petrobras plans to publish its delayed audited fourth-quarter results by the end of March, something it needs to do to avoid possible early repayment of its bonds, the Globo newspaper said on Wednesday. Globo also published that the Brazilian government was considering appointing Planning minister Nelson Barbosa as chairman of the oil giant.

• Wednesday, December 31st 2014 - 05:31 UTC

  Brazil limits social benefits; admits it will miss 2014 fiscal target by wide margin

  

  The Brazilian government announced it will limit unemployment and pension benefits as part of its plans to shore up depleted finances and regain investor confidence. Likewise the Central bank said that following a fourth year of low growth, Brazil will miss its fiscal target for 2014 by a wide margin.

• Friday, November 28th 2014 - 06:46 UTC

  New Brazilian minister pledges realistic fiscal targets and balanced economic growth

  

  Brazilian President Dilma Rousseff finally announced on Thursday the appointment of Joaquim Levy, as her next Finance minister who is also known as the 'scissors man', who pledged more realistic fiscal targets and promised more balanced economic growth.

• Saturday, November 22nd 2014 - 06:07 UTC

  Rousseff expected to announce proven fiscal hawk as Finance minister

  

  Brazilian president Dilma Rousseff already has the names for crucial posts in her new government, but they will not be announced until next Wednesday according to reports in Sao Paulo and Rio do Janeiro newspapers based on Planalto sources. But the names were sufficient to make the Sao Paulo stock exchange surge 5% on Friday.

• Tuesday, November 4th 2014 - 04:53 UTC

  Bankers' names for Finance minister in Rousseff's next government

  

  Brazilian banker Luiz Carlos Trabuco Cappi, president of Bradesco, turned down an invitation from president Dilma Rousseff to occupy the Finance ministry as of next January first. According to the Sao Paulo financial publication Valor, there was no insistence on the issue from political sources.

• Wednesday, May 15th 2013 - 17:24 UTC

  Brazilian Finance ministry top official resigns after ten years in office

  

  Brazil's Deputy Finance Minister Nelson Barbosa, who helped design some of the government's flagship economic projects, has handed in his resignation for personal reasons and will leave the post in June, the ministry announced on Monday.

• Monday, January 16th 2012 - 03:55 UTC

  Brazil prepares for primary surplus target with a start of the year spending freeze

  

  The size of an annual start-of-year spending freeze that the Brazilian government is set to announce by early February will offer hints on how far President Dilma Rousseff and her economic advisers want to cut interest rates.

• Wednesday, November 23rd 2011 - 20:37 UTC

  Brazil expects a flat third quarter but a strong recovery by end of the year

  

  The performance of the Brazilian economy during the third quarter “could very well be flat” according to Nelson Barbosa the second most important man behind Guido Mantega in the Finance ministry.

• Monday, April 25th 2011 - 07:54 UTC

  Rousseff further intervenes in Brazil’s leading corporation

  

  Vale, the world’s largest iron-ore producer, named Brazil’s Deputy Finance Minister Nelson Barbosa, (a close ally of President Dilma Rousseff) as a member of the board after announcing earlier this month the replacement of its chief executive officer.