Carmaker Ford said on Monday losses exacerbated by the coronavirus epidemic and fiscal uncertainties would see it close its three factories in Brazil, where it has operated for a century, terminating some 5,000 jobs.1 comment
Brazil is heading into a “fiscal abyss” and a serious crisis next year, following the decision to postpone parliamentary debate on a bill extending emergency aid spending, lower house speaker Rodrigo Maia said on Friday
Brazil’s Economy Minister Paulo Guedes and the powerful lower house Speaker Rodrigo Maia announced a truce after more than a month of bickering over reforms and how to tackle a widening fiscal deficit. Local markets rallied.
Brazil's lower house speaker Rodrigo Maia said on Monday he is convinced Congress will approve tax reform and that it should be done this year to avoid the debate from being influenced by the 2022 presidential election.
The chief of the Brazilian Lower House, Rodrigo Maia has held a round of political talks and contacts to discuss the current course of the government and attitude of president Jair Bolsonaro regarding the current Covid 19 pandemics.
Brazil's Congress overturned a presidential veto on Wednesday in an ongoing battle over appropriations with President Jair Bolsonaro, doubling social assistance for elderly and disabled people that will cost an extra 20 billion reais (US$ 4.2 billion) this year.
Brazil’s government will submit a bill that would reduce public sector costs and benefits and make it easier to fire workers to Congress “in a week or two,” Economy Minister Paulo Guedes said on Thursday.
Argentine president elect Alberto Fernandez confirmed Felipe Solá as his foreign minister and Daniel Scioli as ambassador in Brazil, following a meeting with a delegation of Brazilian lawmakers at his Buenos Aires headquarters. The Brazilian delegation was headed by the Lower House president, Rodrigo Maia.
The presidents of Brazil’s two houses of congress live side by side in modern mansions in Brasília, the capital. In May they built a door in the wall that divides their gardens, so they could meet without attracting notice. The political mood was fevered.
Brazil’s Senate on Wednesday approved a landmark pension reform bill in the first round of voting, in relief for far-right President Jair Bolsonaro, although senators voted down an amendment in a move that dilutes the reform’s projected savings. The bill will now pass to a second and final voting round.