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Tag: General Joaquim Silva e Luna

RIO DE JANEIRO, BRAZIL - The Federal Reserve Bank's decision to print money was taken to counter the economic recession effects triggered by the covid-19 pandemic. In parallel, the interest rate was lowered and is now close to zero. When...
RIO DE JANEIRO, BRAZIL -  General Joaquim Silva e Luna, appointed to Petrobras, will be the 17th military in charge of Brazil's state-owned companies. Luna was Defense Minister in the last year of President Michel Temer's administration and has...
RIO DE JANEIRO, BRAZIL - Attorney André Almeida, one of the parties behind the class action lawsuit for investor losses resulting from the corruption scheme investigated by Operation Lava Jato, says he is now preparing a similar lawsuit in...
RIO DE JANEIRO, BRAZIL - Brazil is not expected to register a primary surplus over the next decade and may see its gross debt exceed 100% of GDP until 2030 - much higher than other emerging countries. The assessment...
RIO DE JANEIRO, BRAZIL - The Brazilian president’s move to name a new CEO for the company is sparking a crisis of confidence in his administration’s commitment to free-market policies—and investors are fleeing. Oil giant Petrobras lost almost a fifth of...
RIO DE JANEIRO, BRAZIL - Among economists and analysts who believe that the latest news about Petrobras represents the divorce between the Bolsonaro government and the market, with turbulent times ahead, and those who believe in an impact more...
RIO DE JANEIRO, BRAZIL - Petrobras ADRs (PETR4;PETR3), depositary receipts traded on the New York Stock Exchange slumped over 9% on Friday night, February 19th, after President Bolsonaro announced the nomination of General Joaquim Silva e Luna as the...

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