Concerns linger over leftist President Luiz Inacio Lula da Silva’s high-priced spending wishlist
Brazil’s business and political leaders are on the road, pressing the case for investment in the Latin American oil producer as they seek to quell concerns over leftist President Luiz Inacio Lula da Silva’s high-priced spending wishlist.
“This is a positive mood,” Joel Virgen Rojano director of Latin America strategy at TD Securities told Reuters. “There are clear anchors, clear rules.” “We will be very quick to approve the essence of the bill, even if we will have a few changes,” Pacheco said, adding lawmakers needed to quickly pivot to tax reforms that are core to the government’s revenue targets.Brazil’s markets have been mixed since Lula’s return to power on Jan. 1, against a backdrop of a six-year high in interest rates and worries over the feasibility of ambitious government revenue growth targets.
The view that the U.S. interest rates are close to peaking, which could soften the dollar and strengthen other currencies, is piquing interest in emerging markets and could also lift Brazil.“It feels to me like there are a lot of things that can go wrong,” said William Jackson, chief emerging markets economist with Capital Economics. “This fiscal rule only works if the government can raise revenues quite significantly.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Brazil's Lula kicks off visit to European ally PortugalPortugal's president welcomed President Luiz Inacio Lula da Silva of Brazil on an official visit Saturday, as the Brazilian leader looks to strengthen ties with his country's natural partner in the European Union.
Lire la suite »
Brazil’s unprecedented crackdown on school violence risks judicial overreachBrazil’s all-hands effort to stamp out its emerging trend of school attacks stands in contrast to the U.S.
Lire la suite »
RAIN FORECAST: Concerns remain, even as flood waters stabilizeA day of sunshine and warm temperatures on Saturday lifted spirits in many flood areas in the region.
Lire la suite »
Flood waters stabilize, but concerns remain due to rain forecast for next weekA day of sunshine and warm temperatures on Saturday lifted spirits in many flood areas in the region.
Lire la suite »
Meghan Markle Responds To ‘Leaked’ Letter To King Charles Expressing Racism ConcernsThe contents of a letter purportedly written by Meghan Markle and sent to King Charles III -- in which she identified a 'senior' royal who expressed 'concerns' about the colour of her son, Archie's, skin -- found their way into a U.K. newspaper and sent royal correspondents into a frenzy, culminating with accusations Meghan leaked the letter. But a rep…
Lire la suite »
Meghan wrote to King Charles over racism concernsThe unsatisfactory response to her concerns is believed to be a factor in her decision not to attend the King’s Coronation on May 6, a source said
Lire la suite »