Tag: Paulo Guedes

Thursday, July 4th 2019 - 07:52 UTC
Brazilian trade secretary praises Bolsonaro for the Mercosur/EU trade deal

Brazil's Foreign Trade Secretary Marcos Troyjo says that Jair Bolsonaro's government was decisive in pulling off the free trade agreement between Mercosur and the European Union.
Tuesday, July 2nd 2019 - 11:59 UTC
Bolsonaro first six turbulent months: a government unable to deliver surrounded by family and aye-aye men

In his first six turbulent months as president, Brazil's Jair Messias Bolsonaro has squandered much political capital and proved even more of a disappointment than expected. Only 32% of Brazilians are satisfied with his work, according to a poll published on Thursday. And that number is predicted to drop.
Saturday, June 22nd 2019 - 09:39 UTC
The Economist: “Despite turmoil, Brazil is starting to fix its pension system”

Jair Bolsonaro, Brazil’s president, likes romantic metaphors. “Our marriage is stronger than ever,” he said in May after the press speculated that he was at odds with the economy minister, Paulo Guedes. “The marriage ended with no hard feelings,” he said this month after sacking Carlos Alberto dos Santos Cruz, a minister who had said that others in government should be more careful on social media—thus outraging Bolsonaro fans who tweet about the virtues of military rule and the horrors of homosexuality.
Wednesday, June 19th 2019 - 09:40 UTC
Brazilian pensions' reform faces new challenges

The Brazilian government’s plans to overhaul its pension system can still be saved if lawmakers reverse changes to transition rules and concessions to legislative aides, according to Economy Minister Paulo Guedes.
Wednesday, June 19th 2019 - 09:29 UTC
Petrobras makes huge natural gas discovery in the Sergipe basin

Brazilian state-run oil firm Petrobras has made natural gas discoveries in six deep-water fields in the Sergipe Basin, it said in a regulatory filing on Monday.
Monday, June 17th 2019 - 09:00 UTC
Head of Brazil's powerful Development bank resigns following clash with Bolsonaro

The head of Brazilian state development bank BNDES has submitted a letter of resignation amid public tensions with president Jair Bolsonaro, reflecting the serious divisions that continue to plague the administration’s upper echelons.
Thursday, June 6th 2019 - 09:56 UTC
Banks making too much money, “more competition is needed” blasts Brazilian economy minister

Brazilian banks are chalking up “excessive” profits, Economy Minister Paulo Guedes said, adding that the country needs an injection of competition to end what he called the cartels that dominate many of its major sectors.
Tuesday, May 28th 2019 - 09:47 UTC
Brazil's Guedes insists he will step down if the pensions reform is not approved by Congress

Brazil’s Economy Minister Paulo Guedes threatened to step down if his ambitious plans to overhaul the country’s social security system are watered down and diluted into what he called a “little reform.”
Saturday, May 18th 2019 - 09:57 UTC
Brazilian economy flirting with economy: “we are at the bottom of the well” says minister Guedes

Feeble growth forecasts and waning confidence in President Jair Bolsonaro sent Brazil's stocks and currency to their lowest level of the year this week, as analysts warned of further falls.
Wednesday, May 15th 2019 - 09:53 UTC
Brazil's government cuts economic growth forecast, insists Congress must approve pensions' reform

Brazil’s government will cut its 2019 economic growth forecast to below 2% and seek supplementary funding from state-run BNDES development bank to meet current expenditure and avoid breaking its fiscal rules, Economy Ministry officials said on Tuesday.