Brazilian markets improved on Wednesday even as criticism of President Luiz Inacio Lula da Silva's economic policies grew, with analysts and a leading newspaper slamming ministers after markets tanked in the leftist's first two days in office.
Brazil's former President and presidential candidate Luiz Inacio Lula da Silva and Sao Paulo Governor candidate Fernando Haddad react at an election night gathering on the day of the Brazilian presidential election run-off, in Sao Paulo, Brazil, October 30, 2022. REUTERS/Mariana Greif/File PhotoLuiz Inacio Lula da Silva's economic policies grew, with analysts and a leading newspaper slamming ministers after markets tanked in the leftist's first two days in office.
Lula's Chief of Staff, Rui Costa, ruled out plans to revise the previous government's economic reforms, after Social Security Minister Carlos Lupi on Tuesday said they would need to review the investor-friendly pension reform approved by former President Jair Bolsonaro.ruled out interventions Nonetheless, market skepticism was far from dispelled, with concerns that Lula's social spending and statist policies will lead to out-of-control spending., was dubbed a "decorative minister" on Wednesday by his hometown newspaper O Estado de S. Paulo.to Haddad's first days in office, especially after Lula ordered a budget-busting extension to a fuel tax exemption that Haddad had publicly opposed.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bolivia's Arce hopes to mend ties with Brazil as Lula takes officeBolivia's President Luis Arce said on Monday he hopes Brazil's new president, Luiz Inacio Lula da Silva, will help improve diplomatic relations and explain issues that generated controversy during former President Jair Bolsonaro's mandate.
Read more »
Brazil's Lula welcomed back by Latin American leadersIn his first full day as Brazil’s president, Luiz Inácio Lula da Silva was meeting with Latin American heads of state reflecting the region’s desire for the country to assume a greater role on the international stage.
Read more »
Brazil markets tick up despite growing criticism over Lula's plansBrazilian financial markets rose on Wednesday even as criticism of President Luiz Inacio Lula da Silva's economic policies grew, with analysts and a leading newspaper slamming ministers after markets tanked in the leftist's first two days in office.
Read more »
Report: Brazilian authorities to revive fraud case against Rep.-elect George SantosBrazil will revive a criminal fraud case against Rep.-elect George Santos and will ask the Justice Department to notify the New York Republican, the New York Times reported Monday.
Read more »
Brazilian mom dies when firework explodes in her clothes on New Year’s EveA Brazilian mom died on New Year’s Eve when a firework got lodged into her clothes and exploded, according to reports. Video captured the tragic death of 38-year-old mother of two Elisangela …
Read more »