IBOV 177,118.69 ▼ 0.49% IPSA 11,002.99 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,273,672 ▼ 0.54% COLCAP 2,382.96 ▼ 0.38% BVL PERÚ 57,890.85 — — USD/BRL5.08▲ 0.12% USD/MXN17.32▲ 0.04% USD/CLP925.13▼ 0.64% USD/COP3,223▲ 0.62% USD/PEN3.39▲ 0.09% USD/ARS1,494▲ 0.54% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP58.13▲ 0.24% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.19— 0.00% USD/TTD6.74▲ 0.40% EUR/BRL5.85▼ 0.20% BRENT 83.42 ▼ 7.43% WTI 79.35 ▼ 6.28% IRON ORE 161.91 — — COPPER 6.48 ▲ 0.65% GOLD 4,092 ▲ 1.05% SILVER 57.34 ▼ 0.44% SOY 1,186 ▲ 1.22% CORN 466.00 ▲ 5.73% WHEAT 643.75 ▲ 0.70% COFFEE 307.20 ▼ 7.50% SUGAR 15.02 ▲ 2.46% ORANGE JUICE 154.15 ▼ 0.52% COTTON 80.51 ▲ 0.01% COCOA 5,796 ▲ 7.39% BEEF 229.45 ▼ 0.99% CATTLE 347.98 ▼ 0.01% LITHIUM 69.09 ▼ 0.19% PETR4 42.78 ▼ 1.47% VALE3 74.40 ▼ 2.46% ITUB4 43.13 ▲ 0.60% BBDC4 18.47 ▲ 0.32% ABEV3 15.82 ▼ 1.06% BBAS3 21.25 ▼ 0.47% B3SA3 15.60 ▼ 0.83% WEGE3 48.05 ▲ 1.80% PRIO3 58.76 ▼ 3.43% SUZB3 43.24 ▼ 0.18% RENT3 37.85 ▲ 0.64% AZZA3 16.08 ▼ 2.07% CSAN3 4.06 ▼ 0.25% RAIZ4 0.26 — 0.00% PCAR3 2.68 ▲ 3.47% GMAT3 4.00 ▼ 0.74% PSSA3 54.39 ▼ 0.57% CVCB3 1.34 ▲ 2.29% POSI3 3.52 ▼ 0.85% SLCE3 13.27 ▼ 0.82% NATU3 8.47 ▲ 1.07% BRKM5 5.83 ▼ 2.35% RANI3 8.27 ▲ 1.97% CSNA3 4.37 ▼ 9.71% CMIN3 5.64 ▼ 1.23% USIM5 7.38 ▲ 0.27% GGBR4 24.97 ▼ 0.04% ENEV3 26.52 ▲ 0.80% CPFE3 45.75 ▼ 0.85% CMIG4 11.24 ▼ 0.88% EQTL3 38.57 ▼ 0.23% LREN3 13.90 ▲ 2.21% VIVT3 32.56 ▼ 0.21% RAIL3 14.25 ▼ 1.32% KLABIN 18.22 ▼ 0.16% RAIA DROGASIL 18.70 ▲ 1.19% RDOR3 34.44 ▼ 0.58% HAPV3 11.54 ▲ 2.31% FLRY3 17.17 ▲ 0.18% SMTO3 14.40 ▼ 0.83% UGPA3 32.72 ▼ 1.00% VBBR3 35.97 ▼ 0.22% BBSE3 41.39 ▲ 0.32% BPAC11 56.73 ▼ 0.12% CURY3 31.13 ▲ 3.46% AERI3 2.16 ▲ 0.47% VIVARA 22.17 ▼ 0.05% COMPASS 24.70 ▼ 0.56% VAMOS 3.29 ▼ 1.50% SANB11 28.65 ▲ 0.10% ASAI3 8.47 ▼ 0.35% SBSP3 27.37 ▼ 1.19% WALMEX 50.08 ▼ 0.34% GMEXICO 209.20 ▲ 0.71% FEMSA 218.55 ▼ 1.31% CEMEX 20.75 ▲ 1.17% GFNORTE 199.70 ▼ 0.44% BIMBO 62.22 ▲ 0.42% TELEVISA 9.68 ▼ 1.33% AMX 21.83 ▼ 1.09% GAP 375.91 ▼ 0.16% ASUR 278.68 ▲ 1.11% OMA 231.05 ▼ 0.12% KOF 187.95 ▲ 0.37% GRUMA 260.93 ▲ 1.05% KIMBER 40.31 ▲ 0.27% SQM-B 61,700 ▼ 1.59% COPEC 6,300 ▼ 0.79% BSANTANDER 80.30 ▼ 0.85% FALABELLA 6,225 ▲ 0.14% ENELAM 87.99 — 0.00% CENCOSUD 1,955 ▼ 0.02% CMPC 1,059 ▲ 0.38% BANCO CHILE 192.10 ▼ 0.83% LATAM AIR 25.32 ▲ 2.34% YPF 8,255 ▼ 0.42% GGAL 7,885 ▲ 0.04% PAMPA 5,480 ▼ 1.35% TXAR 656.00 ▼ 0.53% ALUAR 965.00 ▼ 1.28% TGS 9,970 ▼ 0.80% CEPU 2,378 ▼ 0.75% MIRGOR 16,475 ▲ 0.76% COME 43.59 ▼ 1.00% LOMA NEGRA 3,600 ▼ 0.55% BYMA 293.25 ▼ 0.76% TELECOM ARG 4,423 ▲ 0.34% ECOPETROL 16.55 ▼ 1.31% BANCOLOMBIA 91.02 ▼ 1.63% GRUPO AVAL 5.21 ▼ 1.33% CREDICORP 400.62 ▲ 0.01% SOUTHERN COPPER 183.05 ▲ 0.19% BUENAVENTURA 30.50 ▲ 0.73% MERCADOLIBRE 1,892 ▲ 0.76% NUBANK 14.36 ▲ 0.21% XP 17.02 ▼ 0.26% PAGSEGURO 9.60 ▼ 0.47% STONE 11.27 ▼ 0.97% GLOBANT 37.22 ▲ 1.69% TECNOGLASS 45.39 ▲ 4.49% GAP AIRPORT 216.07 ▼ 0.59% ASUR 278.68 ▲ 1.11% OMA AIRPORT 106.76 ▼ 0.13% AMX ADR 25.21 ▼ 0.55% FEMSA ADR 126.23 ▼ 1.38% CEMEX ADR 11.97 ▲ 1.23% PETROBRAS ADR 19.13 ▼ 1.42% VALE ADR 14.61 ▼ 3.02% ITAU ADR 8.51 ▲ 0.53% SANTANDER BR 5.70 ▲ 0.44% AMBEV ADR 3.08 ▼ 0.96% CSN 0.90 ▼ 8.77% GERDAU 4.94 ▼ 0.50% LATAM ADR 54.87 ▲ 4.00% BTC 63,714 ▲ 0.37% ETH 1,864 ▼ 1.00% SOL 73.52 ▲ 0.10% XRP 1.08 ▼ 0.49% BNB 588.71 ▲ 0.19% ADA 0.19 ▼ 0.08% DOGE 0.07 ▼ 0.59% AVAX 6.52 ▼ 0.33% LINK 8.28 ▼ 1.02% DOT 0.82 ▲ 3.04% LTC 44.36 ▼ 0.62% BCH 210.92 ▼ 0.75% TRX 0.33 ▲ 0.48% XLM 0.17 ▼ 1.10% HBAR 0.07 ▼ 0.76% NEAR 1.74 ▲ 1.60% ATOM 1.30 ▲ 2.78% AAVE 93.04 ▲ 1.13% SELIC 14.25% EMBRAER 89.93 ▲ 3.50% EMBRAER ADR 70.87 ▲ 3.72% JBS 13.82 ▼ 1.46% JBS BDR 70.17 ▼ 0.75% MBRF3 17.57 ▲ 0.17% MBRFY 3.41 ▼ 0.87% INTER 5.53 ▼ 1.25% EGX 54,094 ▼ 0.35% USD/ZAR16.52▼ 0.19% USD/NGN1,361▲ 0.07% NIKKEI 63,755 ▼ 0.94% CSI300 4,543 ▼ 0.98% HSI 26,009 ▲ 0.48% NIFTY 24,774 ▲ 1.60% KOSPI 6,257 ▼ 5.12% JCI 6,234 ▼ 0.03% USD/JPY156.66▼ 0.50% USD/CNY6.74▼ 0.12% DAX 26,059 ▲ 1.68% CAC 8,637 ▲ 1.49% FTSE 10,868 — 0.00% MIB 52,763 ▲ 1.13% IBEX 19,968 ▲ 0.94% STOXX 652.54 ▲ 0.52% EUR/USD1.15▼ 0.23% GBP/USD1.34▼ 0.31% SPX 7,570 ▲ 1.07% DJI 53,113 ▲ 1.20% NDX 28,561 ▲ 1.01% RUT 2,973 ▲ 1.43% TSX 35,226 ▼ 0.79% VIX 15.90 ▼ 0.56% USD/CAD1.40▲ 0.20% US10Y 4.6840 ▼ 1.29% IBOV 177,118.69 ▼ 0.49% IPSA 11,002.99 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,273,672 ▼ 0.54% COLCAP 2,382.96 ▼ 0.38% BVL PERÚ 57,890.85 — — USD/BRL 5.08 ▲ 0.12% USD/MXN 17.32 ▲ 0.04% USD/CLP 925.13 ▼ 0.64% USD/COP 3,223 ▲ 0.62% USD/PEN 3.39 ▲ 0.09% USD/ARS 1,494 ▲ 0.54% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 58.13 ▲ 0.24% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.19 ▲ 0.37% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.85 ▼ 0.20% BRENT 83.42 ▼ 7.43% WTI 79.35 ▼ 6.28% IRON ORE 161.91 — — COPPER 6.48 ▲ 0.65% GOLD 4,092 ▲ 1.05% SILVER 57.34 ▼ 0.44% SOY 1,186 ▲ 1.22% CORN 466.00 ▲ 5.73% WHEAT 643.75 ▲ 0.70% COFFEE 307.20 ▼ 7.50% SUGAR 15.02 ▲ 2.46% ORANGE JUICE 154.15 ▼ 0.52% COTTON 80.51 ▲ 0.01% COCOA 5,796 ▲ 7.39% BEEF 229.45 ▼ 0.99% CATTLE 347.98 ▼ 0.01% LITHIUM 69.09 ▼ 0.19% PETR4 42.78 ▼ 1.47% VALE3 74.40 ▼ 2.46% ITUB4 43.13 ▲ 0.60% BBDC4 18.47 ▲ 0.32% ABEV3 15.82 ▼ 1.06% BBAS3 21.25 ▼ 0.47% B3SA3 15.60 ▼ 0.83% WEGE3 48.05 ▲ 1.80% PRIO3 58.76 ▼ 3.43% SUZB3 43.24 ▼ 0.18% RENT3 37.85 ▲ 0.64% AZZA3 16.08 ▼ 2.07% CSAN3 4.06 ▼ 0.25% RAIZ4 0.26 — 0.00% PCAR3 2.68 ▲ 3.47% GMAT3 4.00 ▼ 0.74% PSSA3 54.39 ▼ 0.57% CVCB3 1.34 ▲ 2.29% POSI3 3.52 ▼ 0.85% SLCE3 13.27 ▼ 0.82% NATU3 8.47 ▲ 1.07% BRKM5 5.83 ▼ 2.35% RANI3 8.27 ▲ 1.97% CSNA3 4.37 ▼ 9.71% CMIN3 5.64 ▼ 1.23% USIM5 7.38 ▲ 0.27% GGBR4 24.97 ▼ 0.04% ENEV3 26.52 ▲ 0.80% CPFE3 45.75 ▼ 0.85% CMIG4 11.24 ▼ 0.88% EQTL3 38.57 ▼ 0.23% LREN3 13.90 ▲ 2.21% VIVT3 32.56 ▼ 0.21% RAIL3 14.25 ▼ 1.32% KLABIN 18.22 ▼ 0.16% RAIA DROGASIL 18.70 ▲ 1.19% RDOR3 34.44 ▼ 0.58% HAPV3 11.54 ▲ 2.31% FLRY3 17.17 ▲ 0.18% SMTO3 14.40 ▼ 0.83% UGPA3 32.72 ▼ 1.00% VBBR3 35.97 ▼ 0.22% BBSE3 41.39 ▲ 0.32% BPAC11 56.73 ▼ 0.12% CURY3 31.13 ▲ 3.46% AERI3 2.16 ▲ 0.47% VIVARA 22.17 ▼ 0.05% COMPASS 24.70 ▼ 0.56% VAMOS 3.29 ▼ 1.50% SANB11 28.65 ▲ 0.10% ASAI3 8.47 ▼ 0.35% SBSP3 27.37 ▼ 1.19% WALMEX 50.08 ▼ 0.34% GMEXICO 209.20 ▲ 0.71% FEMSA 218.55 ▼ 1.31% CEMEX 20.75 ▲ 1.17% GFNORTE 199.70 ▼ 0.44% BIMBO 62.22 ▲ 0.42% TELEVISA 9.68 ▼ 1.33% AMX 21.83 ▼ 1.09% GAP 375.91 ▼ 0.16% ASUR 278.68 ▲ 1.11% OMA 231.05 ▼ 0.12% KOF 187.95 ▲ 0.37% GRUMA 260.93 ▲ 1.05% KIMBER 40.31 ▲ 0.27% SQM-B 61,700 ▼ 1.59% COPEC 6,300 ▼ 0.79% BSANTANDER 80.30 ▼ 0.85% FALABELLA 6,225 ▲ 0.14% ENELAM 87.99 — 0.00% CENCOSUD 1,955 ▼ 0.02% CMPC 1,059 ▲ 0.38% BANCO CHILE 192.10 ▼ 0.83% LATAM AIR 25.32 ▲ 2.34% YPF 8,255 ▼ 0.42% GGAL 7,885 ▲ 0.04% PAMPA 5,480 ▼ 1.35% TXAR 656.00 ▼ 0.53% ALUAR 965.00 ▼ 1.28% TGS 9,970 ▼ 0.80% CEPU 2,378 ▼ 0.75% MIRGOR 16,475 ▲ 0.76% COME 43.59 ▼ 1.00% LOMA NEGRA 3,600 ▼ 0.55% BYMA 293.25 ▼ 0.76% TELECOM ARG 4,423 ▲ 0.34% ECOPETROL 16.55 ▼ 1.31% BANCOLOMBIA 91.02 ▼ 1.63% GRUPO AVAL 5.21 ▼ 1.33% CREDICORP 400.62 ▲ 0.01% SOUTHERN COPPER 183.05 ▲ 0.19% BUENAVENTURA 30.50 ▲ 0.73% MERCADOLIBRE 1,892 ▲ 0.76% NUBANK 14.36 ▲ 0.21% XP 17.02 ▼ 0.26% PAGSEGURO 9.60 ▼ 0.47% STONE 11.27 ▼ 0.97% GLOBANT 37.22 ▲ 1.69% TECNOGLASS 45.39 ▲ 4.49% GAP AIRPORT 216.07 ▼ 0.59% ASUR 278.68 ▲ 1.11% OMA AIRPORT 106.76 ▼ 0.13% AMX ADR 25.21 ▼ 0.55% FEMSA ADR 126.23 ▼ 1.38% CEMEX ADR 11.97 ▲ 1.23% PETROBRAS ADR 19.13 ▼ 1.42% VALE ADR 14.61 ▼ 3.02% ITAU ADR 8.51 ▲ 0.53% SANTANDER BR 5.70 ▲ 0.44% AMBEV ADR 3.08 ▼ 0.96% CSN 0.90 ▼ 8.77% GERDAU 4.94 ▼ 0.50% LATAM ADR 54.87 ▲ 4.00% BTC 63,714 ▲ 0.37% ETH 1,864 ▼ 1.00% SOL 73.52 ▲ 0.10% XRP 1.08 ▼ 0.49% BNB 588.71 ▲ 0.19% ADA 0.19 ▼ 0.08% DOGE 0.07 ▼ 0.59% AVAX 6.52 ▼ 0.33% LINK 8.28 ▼ 1.02% DOT 0.82 ▲ 3.04% LTC 44.36 ▼ 0.62% BCH 210.92 ▼ 0.75% TRX 0.33 ▲ 0.48% XLM 0.17 ▼ 1.10% HBAR 0.07 ▼ 0.76% NEAR 1.74 ▲ 1.60% ATOM 1.30 ▲ 2.78% AAVE 93.04 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Brazil Politics - Brazil

Bolsonaro Creates New Ministry, Tailor-Made for Centrão and SBT Owner

By · June 12, 2020 · 3 min read

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RIO DE JANEIRO, BRAZIL – Contrary to what he had vowed throughout his campaign, when he said his government would have “at most” 15 Ministries, Jair Bolsonaro announced the recreation of the Ministry of Communications.

His cabinet currently has a total of 23 portfolios. The new cabinet will be headed by Fábio Faria, a federal congressman and the son-in-law of Silvio Santos, one of the country’s main TV networks, known for its pro-Bolsonaro stance.

The choice, which may point to a conflict of interest, was a clear nod from Bolsonaro to the congressional bloc known as Centrão, which the President has been approaching to garner political support amid a string of impeachment petitions lodged against him
The choice was a clear nod from Bolsonaro to the congressional bloc known as Centrão, which the President has been approaching to garner political support amid a string of impeachment petitions lodged against him. (Photo internet reproduction)
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The choice, which may indicate a conflict of interest, was a clear nod from Bolsonaro to the congressional bloc known as Centrão, which the President has been approaching to garner political support amid a string of impeachment petitions lodged against him. The group used to be the target of attacks by the President, who referred to them as representatives of the “old politics,” supporters of the “mutual backscratch” patronage system.

Bolsonaro denied that the appointment was intended to gain political support: “The people are attacking, because they belong to the Centrão, and I don’t even remember what their party is,” he said on Thursday. But this appointment further strengthens the government’s ties with the bloc. According to a report by Afonso Benites, the President has already granted the Centrão at least four second- and third-ranking patronage positions that together manage about R$73 (US$14.6) billion, equivalent to two percent of the entire federal budget.

In addition to helping shield the government from an impeachment process, Faria’s appointment is also a gesture that should please Silvio Santos, owner of SBT. The entrepreneur never concealed his affection for the President, and even took off the air a journalistic program that had criticized the Federal Government’s lack of effective policies to fight the coronavirus. It will be up to his son-in-law to decide on the renewal of broadcasting concessions granted by the federal government for organizations to operate radio and television stations, which will expire on October 5th, 2022.

Bolsonaro has implied more than once that he may not renew the operating license for TV Globo, a competitor of SBT and a regular target of  hisattacks. In April he told a reporter that “for 2022 it is not a threat, as I do with everyone else, the books will have to be correct in order to have their concessions renewed. If things are not right, I will not renew for them, or for anyone else”.

It will also be the responsibility of Silvio Santos’ son-in-law to choose how the Federal Government’s advertising budget will be spent. TV Globo, which Bolsonaro calls “the garbage press,” has already lost its share of advertising funds, according to a report in the Folha de S.Paulo newspaper.

The new Ministry, which had been extinct since the impeachment of then-president Dilma Rousseff in 2016, also risks increasing the government’s costs at a time when emergency spending to deal with the pandemic’s economic impact could reach R$253 billion. In a note, however, the Planalto denies that recreating the Ministry will entail additional costs. “Without any increase in spending, using only existing structure positions, the President of the Republic has recreated the Ministry of Communications”.

According to Bolsonaro, a Provisional Measure will be edited that will break up the existing Ministry of Science, Technology, Innovation and Communications, from where part of this structure will come.

“The Special Secretariat of Social Communication, currently in the Presidency of the Republic’s Government Secretariat, has been dissolved and its powers incorporated into the new Ministry”. As a result, Fabio Wajngarten, the controversial head of Bolsonaro’s Communication Department, remains as Executive Secretary of Communications.

Source: El País

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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