IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL5.09▲ 0.25% USD/MXN17.33▲ 0.09% USD/CLP924.54▼ 0.70% USD/COP3,229▲ 0.83% USD/PEN3.39▲ 0.09% USD/ARS1,494▲ 0.57% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP58.00▲ 0.02% 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/JMD156.98▼ 0.13% USD/TTD6.74▲ 0.40% EUR/BRL5.86▼ 0.08% BRENT 83.72 ▼ 7.10% WTI 80.40 ▼ 5.04% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.55% GOLD 4,093 ▲ 1.08% SILVER 58.09 ▲ 0.86% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.24 ▲ 0.03% PETR4 42.87 ▼ 1.27% VALE3 74.44 ▼ 2.41% ITUB4 42.98 ▲ 0.25% BBDC4 18.52 ▲ 0.59% ABEV3 15.76 ▼ 1.44% BBAS3 21.29 ▼ 0.28% B3SA3 15.62 ▼ 0.70% WEGE3 48.35 ▲ 2.44% PRIO3 58.98 ▼ 3.07% SUZB3 43.41 ▲ 0.21% RENT3 37.99 ▲ 1.01% AZZA3 16.08 ▼ 2.07% CSAN3 4.10 ▲ 0.74% RAIZ4 0.25 ▼ 3.85% PCAR3 2.70 ▲ 4.25% GMAT3 3.98 ▼ 1.24% PSSA3 54.43 ▼ 0.49% CVCB3 1.41 ▲ 7.63% POSI3 3.52 ▼ 0.85% SLCE3 13.45 ▲ 0.52% NATU3 8.46 ▲ 0.95% BRKM5 5.90 ▼ 1.17% RANI3 8.43 ▲ 3.95% CSNA3 4.57 ▼ 5.58% CMIN3 5.70 ▼ 0.18% USIM5 7.56 ▲ 2.72% GGBR4 25.34 ▲ 1.44% ENEV3 26.78 ▲ 1.79% CPFE3 45.92 ▼ 0.48% CMIG4 11.18 ▼ 1.41% EQTL3 38.77 ▲ 0.28% LREN3 13.80 ▲ 1.47% VIVT3 32.39 ▼ 0.74% RAIL3 14.17 ▼ 1.87% KLABIN 18.30 ▲ 0.27% RAIA DROGASIL 18.48 — 0.00% RDOR3 34.00 ▼ 1.85% HAPV3 11.83 ▲ 4.88% FLRY3 17.28 ▲ 0.82% SMTO3 14.35 ▼ 1.17% UGPA3 33.01 ▼ 0.12% VBBR3 36.25 ▲ 0.55% BBSE3 41.59 ▲ 0.80% BPAC11 57.22 ▲ 0.74% CURY3 31.37 ▲ 4.25% AERI3 2.15 — 0.00% VIVARA 22.72 ▲ 2.43% COMPASS 24.86 ▲ 0.08% VAMOS 3.27 ▼ 2.10% SANB11 28.91 ▲ 1.01% ASAI3 8.46 ▼ 0.47% SBSP3 27.28 ▼ 1.52% WALMEX 49.86 ▼ 0.78% GMEXICO 212.82 ▲ 2.46% FEMSA 217.50 ▼ 1.78% CEMEX 20.61 ▲ 0.49% GFNORTE 198.72 ▼ 0.93% BIMBO 61.35 ▼ 0.98% TELEVISA 9.69 ▼ 1.22% AMX 21.60 ▼ 2.13% GAP 376.32 ▼ 0.06% ASUR 276.41 ▲ 0.29% OMA 230.66 ▼ 0.29% KOF 185.65 ▼ 0.86% GRUMA 263.81 ▲ 2.16% KIMBER 40.15 ▼ 0.12% SQM-B 61,800 ▼ 1.44% COPEC 6,275 ▼ 1.18% BSANTANDER 80.12 ▼ 1.07% FALABELLA 6,325 ▲ 1.75% ENELAM 87.49 ▼ 0.57% CENCOSUD 1,958 ▲ 0.16% CMPC 1,066 ▲ 1.00% BANCO CHILE 191.41 ▼ 1.19% LATAM AIR 25.22 ▲ 1.94% YPF 8,135 ▼ 1.87% GGAL 7,995 ▲ 1.44% PAMPA 5,515 ▼ 0.72% TXAR 655.00 ▼ 0.68% ALUAR 967.50 ▼ 1.02% TGS 9,870 ▼ 1.79% CEPU 2,387 ▼ 0.38% MIRGOR 1,655 ▼ 89.88% COME 43.38 ▼ 1.48% LOMA NEGRA 3,565 ▼ 1.52% BYMA 293.25 ▼ 0.76% TELECOM ARG 4,395 ▼ 0.28% ECOPETROL 16.57 ▼ 1.19% BANCOLOMBIA 90.99 ▼ 1.65% GRUPO AVAL 5.20 ▼ 1.52% CREDICORP 397.56 ▼ 0.75% SOUTHERN COPPER 185.92 ▲ 1.76% BUENAVENTURA 30.31 ▲ 0.10% MERCADOLIBRE 1,891 ▲ 0.69% NUBANK 14.51 ▲ 1.26% XP 17.08 ▲ 0.09% PAGSEGURO 9.69 ▲ 0.47% STONE 11.32 ▼ 0.53% GLOBANT 37.37 ▲ 2.09% TECNOGLASS 46.36 ▲ 6.72% GAP AIRPORT 217.35 — 0.00% ASUR 276.41 ▲ 0.29% OMA AIRPORT 106.40 ▼ 0.47% AMX ADR 24.85 ▼ 1.97% FEMSA ADR 125.40 ▼ 2.02% CEMEX ADR 11.87 ▲ 0.38% PETROBRAS ADR 19.04 ▼ 1.88% VALE ADR 14.59 ▼ 3.15% ITAU ADR 8.46 — 0.00% SANTANDER BR 5.72 ▲ 0.88% AMBEV ADR 3.05 ▼ 1.93% CSN 0.92 ▼ 7.00% GERDAU 5.00 ▲ 0.71% LATAM ADR 54.59 ▲ 3.47% BTC 63,794 ▲ 0.49% ETH 1,867 ▼ 0.82% SOL 73.92 ▲ 0.64% XRP 1.08 ▼ 0.38% BNB 590.64 ▲ 0.52% ADA 0.19 ▲ 2.72% DOGE 0.07 ▼ 0.54% AVAX 6.54 ▼ 0.02% LINK 8.23 ▼ 1.70% DOT 0.83 ▲ 3.79% LTC 44.14 ▼ 1.11% BCH 214.06 ▲ 0.72% TRX 0.33 ▲ 0.71% XLM 0.17 ▼ 1.32% HBAR 0.07 ▲ 0.90% NEAR 1.75 ▲ 1.83% ATOM 1.34 ▲ 6.18% AAVE 93.08 ▲ 1.17% SELIC 14.25% EMBRAER 90.60 ▲ 4.27% EMBRAER ADR 71.25 ▲ 4.27% JBS 13.84 ▼ 1.32% JBS BDR 70.23 ▼ 0.66% MBRF3 17.75 ▲ 1.20% MBRFY 3.42 ▼ 0.58% INTER 5.62 ▲ 0.36% IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL 5.09 ▲ 0.25% USD/MXN 17.33 ▲ 0.09% USD/CLP 924.54 ▼ 0.70% USD/COP 3,229 ▲ 0.83% USD/PEN 3.39 ▲ 0.09% USD/ARS 1,494 ▲ 0.57% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 58.00 ▲ 0.02% 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 156.98 ▲ 0.24% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.86 ▼ 0.08% BRENT 83.72 ▼ 7.10% WTI 80.40 ▼ 5.04% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.55% GOLD 4,093 ▲ 1.08% SILVER 58.09 ▲ 0.86% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.24 ▲ 0.03% PETR4 42.87 ▼ 1.27% VALE3 74.44 ▼ 2.41% ITUB4 42.98 ▲ 0.25% BBDC4 18.52 ▲ 0.59% ABEV3 15.76 ▼ 1.44% BBAS3 21.29 ▼ 0.28% B3SA3 15.62 ▼ 0.70% WEGE3 48.35 ▲ 2.44% PRIO3 58.98 ▼ 3.07% SUZB3 43.41 ▲ 0.21% RENT3 37.99 ▲ 1.01% AZZA3 16.08 ▼ 2.07% CSAN3 4.10 ▲ 0.74% RAIZ4 0.25 ▼ 3.85% PCAR3 2.70 ▲ 4.25% GMAT3 3.98 ▼ 1.24% PSSA3 54.43 ▼ 0.49% CVCB3 1.41 ▲ 7.63% POSI3 3.52 ▼ 0.85% SLCE3 13.45 ▲ 0.52% NATU3 8.46 ▲ 0.95% BRKM5 5.90 ▼ 1.17% RANI3 8.43 ▲ 3.95% CSNA3 4.57 ▼ 5.58% CMIN3 5.70 ▼ 0.18% USIM5 7.56 ▲ 2.72% GGBR4 25.34 ▲ 1.44% ENEV3 26.78 ▲ 1.79% CPFE3 45.92 ▼ 0.48% CMIG4 11.18 ▼ 1.41% EQTL3 38.77 ▲ 0.28% LREN3 13.80 ▲ 1.47% VIVT3 32.39 ▼ 0.74% RAIL3 14.17 ▼ 1.87% KLABIN 18.30 ▲ 0.27% RAIA DROGASIL 18.48 — 0.00% RDOR3 34.00 ▼ 1.85% HAPV3 11.83 ▲ 4.88% FLRY3 17.28 ▲ 0.82% SMTO3 14.35 ▼ 1.17% UGPA3 33.01 ▼ 0.12% VBBR3 36.25 ▲ 0.55% BBSE3 41.59 ▲ 0.80% BPAC11 57.22 ▲ 0.74% CURY3 31.37 ▲ 4.25% AERI3 2.15 — 0.00% VIVARA 22.72 ▲ 2.43% COMPASS 24.86 ▲ 0.08% VAMOS 3.27 ▼ 2.10% SANB11 28.91 ▲ 1.01% ASAI3 8.46 ▼ 0.47% SBSP3 27.28 ▼ 1.52% WALMEX 49.86 ▼ 0.78% GMEXICO 212.82 ▲ 2.46% FEMSA 217.50 ▼ 1.78% CEMEX 20.61 ▲ 0.49% GFNORTE 198.72 ▼ 0.93% BIMBO 61.35 ▼ 0.98% TELEVISA 9.69 ▼ 1.22% AMX 21.60 ▼ 2.13% GAP 376.32 ▼ 0.06% ASUR 276.41 ▲ 0.29% OMA 230.66 ▼ 0.29% KOF 185.65 ▼ 0.86% GRUMA 263.81 ▲ 2.16% KIMBER 40.15 ▼ 0.12% SQM-B 61,800 ▼ 1.44% COPEC 6,275 ▼ 1.18% BSANTANDER 80.12 ▼ 1.07% FALABELLA 6,325 ▲ 1.75% ENELAM 87.49 ▼ 0.57% CENCOSUD 1,958 ▲ 0.16% CMPC 1,066 ▲ 1.00% BANCO CHILE 191.41 ▼ 1.19% LATAM AIR 25.22 ▲ 1.94% YPF 8,135 ▼ 1.87% GGAL 7,995 ▲ 1.44% PAMPA 5,515 ▼ 0.72% TXAR 655.00 ▼ 0.68% ALUAR 967.50 ▼ 1.02% TGS 9,870 ▼ 1.79% CEPU 2,387 ▼ 0.38% MIRGOR 1,655 ▼ 89.88% COME 43.38 ▼ 1.48% LOMA NEGRA 3,565 ▼ 1.52% BYMA 293.25 ▼ 0.76% TELECOM ARG 4,395 ▼ 0.28% ECOPETROL 16.57 ▼ 1.19% BANCOLOMBIA 90.99 ▼ 1.65% GRUPO AVAL 5.20 ▼ 1.52% CREDICORP 397.56 ▼ 0.75% SOUTHERN COPPER 185.92 ▲ 1.76% BUENAVENTURA 30.31 ▲ 0.10% MERCADOLIBRE 1,891 ▲ 0.69% NUBANK 14.51 ▲ 1.26% XP 17.08 ▲ 0.09% PAGSEGURO 9.69 ▲ 0.47% STONE 11.32 ▼ 0.53% GLOBANT 37.37 ▲ 2.09% TECNOGLASS 46.36 ▲ 6.72% GAP AIRPORT 217.35 — 0.00% ASUR 276.41 ▲ 0.29% OMA AIRPORT 106.40 ▼ 0.47% AMX ADR 24.85 ▼ 1.97% FEMSA ADR 125.40 ▼ 2.02% CEMEX ADR 11.87 ▲ 0.38% PETROBRAS ADR 19.04 ▼ 1.88% VALE ADR 14.59 ▼ 3.15% ITAU ADR 8.46 — 0.00% SANTANDER BR 5.72 ▲ 0.88% AMBEV ADR 3.05 ▼ 1.93% CSN 0.92 ▼ 7.00% GERDAU 5.00 ▲ 0.71% LATAM ADR 54.59 ▲ 3.47% BTC 63,794 ▲ 0.49% ETH 1,867 ▼ 0.82% SOL 73.92 ▲ 0.64% XRP 1.08 ▼ 0.38% BNB 590.64 ▲ 0.52% ADA 0.19 ▲ 2.72% DOGE 0.07 ▼ 0.54% AVAX 6.54 ▼ 0.02% LINK 8.23 ▼ 1.70% DOT 0.83 ▲ 3.79% LTC 44.14 ▼ 1.11% BCH 214.06 ▲ 0.72% TRX 0.33 ▲ 0.71% XLM 0.17 ▼ 1.32% HBAR 0.07 ▲ 0.90% NEAR 1.75 ▲ 1.83% ATOM 1.34 ▲ 6.18% AAVE 93.08 ▲ 1.17% SELIC 14.25% EMBRAER 90.60 ▲ 4.27% EMBRAER ADR 71.25 ▲ 4.27% JBS 13.84 ▼ 1.32% JBS BDR 70.23 ▼ 0.66% MBRF3 17.75 ▲ 1.20% MBRFY 3.42 ▼ 0.58% INTER 5.62 ▲ 0.36%
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Temer Approves Pay Raises for Supreme Court Justices in Brazil

By · November 27, 2018 · 2 min read

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By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – President Michel Temer sanctioned on Monday (November 26th) the polemic wage increase of Brazil’s Supreme Court Justices as well as the country’s Attorney General. The controversial bill received a lot of criticism from the public at large as well as public officials.

Brazil's President, Michel Temer, sanctioned the controversial bill increasing the salaries of the country's Supreme Court Justices, Brazil.
Brazil’s President, Michel Temer, sanctioned the controversial bill increasing the salaries of the country’s Supreme Court Justices, photo by Cesar Itibere/PR.
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“There is a project to delay wages increases to federal employees until 2020. If there is not enough (money for wage increases) for federal employees, there cannot be enough for the magistrates. Not to mention the cascading effect to the states’ (judicial system),” said Senator Regina Sousa criticizing the bill.

The cascading effect, where all the other judges and public servants in the judiciary system in the lower courts base their wages on Supreme Court Justices, is one of the concerns. According to forecasts by economic analysts at the Chamber of Deputies and the Federal Senate, the impact of the wage increases of the Justices could be of nearly R$800 million per year.

Justifying the sanction the President noted that the proposed adjustment was made by the Supreme Court in 2016, and approved by Congress.The President said he only signed the sanction after the Supreme Court agreed to revoke housing assistance allowance to judges across the country. On Monday, Supreme Court Justice Luiz Fux revoked the allowance.

Nonetheless, the increase has caused tension between the outgoing Temer Administration and the incoming government of president-elect Jair Bolsonaro. In the beginning of November, Bolsonaro expressed concern about the possibility of a readjustment. According to Bolsonaro, the timing was not adequate for the increase.

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