BRASILIA Brazilian President Jair Bolsonaro's government has named a 38-year-old banking executive as the head of development bank BNDES, replacing Joaquim Levy, who resigned on Sunday after Bolsonaro publicly criticized him.
BRASILIA, June 12 Brazil's Caixa Economica Federal is returning 3 billion reais ($1.825 billion) to the Treasury, the first part of a drive across state-owned banks to return funds to the government which will be used to reduce the public debt, Caixa's president and the Economy Minister said on Wednesday.
BRASILIA Brazil's trade surplus widened in May to $6.42 billion, the Economy Ministry said on Monday, its biggest so far this year and driven by a 5.6% rise in exports from the month before.
BRASÍLIA The Brazilian government reached a landmark deal to pay state-controlled oil company Petróleo Brasileiro SA $9.058 billion for revising a transfer-of-rights oil contract, Energy Minister Bento Albuquerque said on Tuesday.
BRASILIA Brazil's president, economy minister and speaker of the lower house of Congress patched things up publicly on Thursday, trying to move past days of finger pointing to focus on passing a thorny pension reform to save the country's public finances.
BRASILIA, March 25 Brazil's labor market burst back into life in February, adding a net 173,139 payroll jobs in February driven in large part by gains in civil construction and manufacturing of intermediary goods, data from the Economy Ministry showed on Monday.
BRASILIA, Feb 14 Brazil President Jair Bolsonaro's government on Thursday released the first details of its long-awaited pension reform proposal, cheering investors who want to see the passing of legislation seen as key to shoring up creaky public finances.
BRASILIA/RIO DE JANEIRO A top aide to Brazilian president-elect Jair Bolsonaro said on Thursday the new government would adopt concession contracts for lucrative pre-salt oil auctions, raising concerns that talks to change the regime would drag and derail much-needed investment.
BRASÍLIA Brazil's President-elect Jair Bolsonaro faced the first setback in his plans to reduce the country's massive deficit on Wednesday, as the Senate approved a 16 percent pay rise for the judiciary against his wishes.
Brasilia In Brasilien zieht der Rechtspopulist Jair Bolsonaro mit einem klaren Vorsprung in die Stichwahl um das Präsidentenamt.
Hundreds of young Myanmar protesters who had been trapped by security forces in a district of Yangon overnight have been able to get out, activists said on Tuesday, after calls from western powers and the United Nations for them to be allowed to leave.