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Brazil President Lula Cuts Spending by $12 Billion
Brazil's Haddad seeks to soothe market concerns over income tax reform
Brazil's Finance Minister Fernando Haddad on Thursday sought to calm the market following a meltdown over the announcement of a reform that would increase income tax exemptions, emphasizing that the measures would be fiscally neutral and take effect only in 2026 after Congress approval.
Brazil President Lula Cuts Spending by $12 Billion as Investor Concerns Soar
Brazil Finance Minister Fernando Haddad unveiled a long-sought plan to cut 70 billion reais ($11.8 billion) from public spending through 2026 as investors’ fiscal concerns sink assets from the currency to stocks.
Brazil’s Lula Seeks Income Tax Exemptions Along With Public Spending Cuts
Brazil President Luiz Inacio Lula da Silva has tacked on an income-tax relief measure to a long-awaited plan to cut government spending, heightening concerns about the budget deficit and sparking a selloff in the currency,
Brazil proposes income tax reform, frustrating investors focused on spending cuts
Brazilian Finance Minister Fernando Haddad will make a televised address to the nation at 8:30 pm (2330 GMT) local time on Wednesday, the ministry said, adding he will talk about "efficient government".
Bolsonaro planned and participated in a 2022 coup plot
Brazil’s Bolsonaro planned and participated in a 2022 coup plot, unsealed police report says
Brazil’s former far-right President Jair Bolsonaro was fully aware of and actively participated in a coup plot to remain in office after his defeat in 2022.
Brazil’s Bolsonaro planned and participated in a 2022 coup plot, an unsealed police report alleges
Brazil’s former far-right President Jair Bolsonaro was fully aware of and actively participated in a coup plot to remain in office after his defeat in the 2022 election, according to a Federal Police
Brazil's Bolsonaro had direct role planning coup attempt, police say
Former Brazilian President Jair Bolsonaro directly planned and acted in a criminal conspiracy that aimed to carry out a coup after his failed 2022 re-election bid, a formal accusation from Brazil's police showed on Tuesday.
7h
on MSN
Brazil's Haddad says income tax reform to be neutral, take effect in 2026
Brazilian Finance Minister Fernando Haddad said on Thursday that a reform proposed by the government to increase income tax ...
1d
Agribusiness-friendly states in Brazil try to undo forest protections
Several states in Brazil are trying to rid themselves of rainforest protections, bowing to pressures from cattle ranchers and ...
Bloomberg L.P. on MSN
22h
Emerging-Market Currencies Wobble While Brazil Sees Selloff
Losses for
Brazil
’s real mixed with gains for Eastern European currencies with the MSCI EM currency index closing flat.
23h
on MSN
Brazil's currency hits record low on skepticism about fiscal measures
Brazil's currency hit an all-time low on Wednesday as investors who had been expecting news on public spending cuts braced ...
Tuko on MSN
23h
Brazil's top court takes on regulation of social media
Brazil's Supreme Court on Wednesday started examining four cases that turn on how far social media should be regulated, and ...
Opinion
American Banker
6h
Opinion
The US should look to Brazil as a model for rolling out open banking
The U.S. is well behind other countries in implementing open banking and delivering its benefits to customers. Brazil's ...
U.S. News & World Report
3d
Carrefour's Cold Shoulder for South American Beef Sparks a Backlash From Brazil
Carrefour's Cold Shoulder for South American Beef Sparks a Backlash From
Brazil
BRASILIA,
Brazil
(AP) — Supermarket giant ...
4h
on MSN
Brazil’s Real Hits All-Time Low as Budget Cuts Fall Flat
The Brazilian real dropped to a record low as the government’s proposed measures to cut $12 billion in spending underwhelmed ...
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