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Brazil's Bolsonaro replaces head of BNDES development bank

Jun 17 2019

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.

UPDATE 1-Brazil's Caixa eyes 20 bln reais repayment which government will use to cut public debt

Jun 12 2019

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.

Brazil may trade surplus widens, but bigger picture not as rosy

Jun 03 2019

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.

Brazil government to pay Petrobras $9 billion for oil contract revision

Apr 09 2019

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.

Brazil government, house speaker bury hatchet to save pension bill

Mar 28 2019

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.

UPDATE 1-Brazil bumper job creation in February smashes forecasts

Mar 25 2019

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.

UPDATE 1-Brazil real, stocks jump as government teases details on pension bill

Feb 14 2019

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.

Brazil's Bolsonaro wants concession model for pre-salt oil auctions: source

Nov 22 2018

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.

Brazil's Bolsonaro faces first fiscal setback as judges' pay rises

Nov 07 2018

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.

Rechtsaußen Bolsonaro gewinnt erste Wahlrunde in Brasilien

Oct 08 2018

Brasilia In Brasilien zieht der Rechtspopulist Jair Bolsonaro mit einem klaren Vorsprung in die Stichwahl um das Präsidentenamt.

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