BRASILIA Brazilian markets rose on Tuesday after the path was cleared for a congressional committee vote on pension reform, a sign that the government is finally getting political backing for the most important element of its economic reform agenda.
BRASILIA Economists continue to slash their forecasts for Brazilian economic growth this year, according to a closely watched survey published on Monday, intensifying the spotlight on a key Congressional vote on pension reform later in the week.
BRASÍLIA Brazilian President Jair Bolsonaro's resistance to the privatization of the national postal office has been broken, a senior government source told Reuters on Friday asking for anonymity because the matter remains private.
BRASÍLIA, April 19 Brazilian President Jair
Bolsonaro's resistance to the privatization of the national
postal office has been broken, a senior government source told
Reuters on Friday asking for anonymity because the matter
BRASILIA Brazilian Economy Minister Paulo Guedes on Wednesday put up a vigorous defense of the government's proposed pension reform, insisting it is critical to fixing the country's "doomed" social security system but opening the door to some concessions.
BRASILIA Senior Brazilian officials charged with steering pension reform through Congress insisted on Tuesday that they had ended recent political finger-pointing that threw the government's key reform bill into doubt, but some U.S. big banks were not convinced.
BRASILIA Brazilian Economy Minister Paulo Guedes on Monday said the government's landmark pension reform may be diluted, but urged lawmakers not to water down targeted savings in the next decade to less than 1 trillion reais ($259 billion).
BRASILIA, March 25 Brazil's current account
deficit narrowed in February, on track for a March surplus, the
central bank said on Monday, as a weak currency and sluggish
economic recovery slow demand for imports.
BRASILIA Brazil does not expect the U.S. government to announce support for its bid to join a club of the world's advanced economies when its President Jair Bolsonaro visits Washington next week, a senior member of his economic team told Reuters on Friday.
BRASILIA, March 13 Changes to Brazil's
constitution are urgently needed to address the dire financial
situation Brazilian states and municipalities find themselves
in, a senior member of the government's economic team told
Reuters on Wednesday.