Edition:
India

Mateus Maia

Brazil's Bolsonaro replaces head of BNDES development bank

18 Jun 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 2-Brazil's Bolsonaro replaces head of BNDES development bank

18 Jun 2019

BRASILIA, June 17 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

12 Jun 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

04 Jun 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 bln for oil contract revision

10 Apr 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

29 Mar 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

25 Mar 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

15 Feb 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

23 Nov 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.

UPDATE 2-Brazil's Bolsonaro wants concession model for pre-salt oil auctions -source

23 Nov 2018

BRASILIA/RIO DE JANEIRO, Nov 22 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.

World News