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Brazil President Lula Cuts Spending by $12 Billion

Hosted on MSN · 3h

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.

Bloomberg on MSN · 14h

Lula Agrees to Cut Spending by $12 Billion in Nod to Markets

Brazil Finance Minister Fernando Haddad has 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 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

The Associated Press on MSN · 1d

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.

The Washington Post · 1d

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

Reuters on MSN · 1d

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

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 MSN20h

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.

21hon 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 MSN22h

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 ...

Biometric Companies13m

Zwipe signs up biometric access control partner in Brazil, customer in France

Zwipe is partnering with one of Brazil’s leading players in access control systems and industrial engineering applications.

American Banker4hOpinion

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 ...

2d

Brazil inflation overshoots forecasts, economists see higher rate hikes

Brazil's consumer prices rose more than expected in the month to mid-November, data from statistics agency IBGE showed on ...

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