Tag: Paulo Guedes

• Saturday, January 12th 2019 - 10:28 UTC

  Petrobras turmoil: new CEO pushing for renewal of board members

  

  The new chief executive of Brazil’s Petrobras is pushing for the ouster of two of the state-controlled oil company’s board members. Roberto Castello Branco is seeking the resignation of two Petrobras board members, Segen Estefen and Durval Soledade, whose mandates were only supposed to end in 2020.

• Thursday, January 3rd 2019 - 07:29 UTC

  Bolsonaro effect on Brazilian markets and currency

  

  A record high for Brazil shares and a more than 2% gain in the Real, spurred by positive policy moves by the country's new government, helped Latin American markets make a strong start to the New Year and buck gloom in global markets on Wednesday.

• Tuesday, December 4th 2018 - 06:03 UTC

  Transition official confirms Brazil will split Labour Ministry in three

  

  The current competences of Brazil's Labour Ministry will be spread into three other ministries when President-elect Jair Bolsonaro takes office next year, Onyx Lorenzoni announced Monday in a radio interview. Lorenzoni is the current minister of transition and will head the Civil House under Bolsonaro.

• Tuesday, November 27th 2018 - 09:51 UTC

  Bad start for Bolsonaro: Temer signs 16% pay raise for Justices, which is a benchmark for other public sector

  

  Brazil’s exiting President Michel Temer signed into law a 16% pay raise for Supreme Court justices on Monday, disregarding a request from his President-elect Jair Bolsonaro that he veto the bill to avoid increasing next year’s budget deficit.

• Thursday, November 15th 2018 - 20:49 UTC

  Orthodox liberal nominated to Brazil's central bank, Roberto Campos Neto

  

  Economist Roberto Campos Neto has accepted an invite to become the head of Brazil's central bank under the government of the incoming president, Jair Bolsonaro, the nation's future economy minister said in a statement on Thursday.

• Tuesday, November 13th 2018 - 10:42 UTC

  Bolsonaro's economic team incorporates another Chicago orthodox liberal

  

  Joaquim Levy, managing director and World Bank chief financial officer, has been tapped to be the next president of Brazil’s national economic and social development bank BNDES, news advanced to a column in daily O Estado de S. Paulo published on Sunday.

• Thursday, November 8th 2018 - 11:54 UTC

  Brazil president elect backtracks on China, Israel, and insists with the pensions' reform

  

  Brazil president-elect Jair Bolsonaro backtracked on some of his more controversial pledges promising to expand trade with China and rethink the idea of moving the country’s embassy in Israel to Jerusalem. Bolsonaro is currently in Brasilia for various meetings with senior officials and transition arrangements.

• Wednesday, November 7th 2018 - 08:51 UTC

  Bolsonaro wants pension reform passed before he takes office on January first

  

  Brazil’s right-wing President-elect Jair Bolsonaro said on Tuesday that Congress must make some progress this year on a pension reform proposed by the outgoing government before he takes office on January first.

• Thursday, November 1st 2018 - 08:50 UTC

  Brazil leaves interest rates unchanged at an all time low: reduced risks of inflation

  

  Brazil’s central bank on Wednesday held interest rates at an all-time low less than a week after the victory of far-right lawmaker Jair Bolsonaro in presidential elections allayed fears of a currency sell-off.

• Tuesday, October 30th 2018 - 08:50 UTC

  Future economy minister says Mercosur not a priority for Bolsonaro's Brazil

  

  Mercosur is not a priority, and Argentina is not a priority for the new government of Brazil, the priority is to trade with all the world. The strong statement came from Paulo Guedes, signaled as the next Finance minister of president elect Jair Bolsonaro's cabinet and a crucial player in that team since the newly elected leader has admitted a limited knowledge of economics.