Titoli di Stato paesi-emergenti Obbligazioni Brasile e Petrobras (2 lettori)

[Fabrib]

BRASILIA (Reuters) - The approval rating of Brazilian President Jair Bolsonaro’s government has jumped, with the right-wing leader enjoying growing popularity even as Brazil suffers the world’s second highest COVID-19 death-toll, a poll showed on Thursday.
The number of Brazilians that rate his government as great or good has risen to 40% from 29% in December, while those that view it as bad or terrible has dropped to 29% from 38% in the previous poll, the survey by CNI/Ibope said.
While Bolsonaro has been criticized by health experts for minimizing the severity of the coronavirus and opposing lockdowns in order to keep the economy going, 50% of those polled said they approved of his way of governing the country, compared with 41% in December.

 

[Fabrib]

BRASILIA (Reuters) - Brazil’s government on Monday detailed how it would pay for a new minimum income program called Renda Cidada, with President Jair Bolsonaro and Economy Minister Paulo Guedes still pledging to honor the country’s spending cap and fiscal rules.
The proposed program would replace Bolsa Familia, the successful flagship welfare program of former Workers Party President Luiz Inacio Lula da Silva, which pays women a stipend on the condition that they send their children to school and has been credited with reducing poverty in Brazil.
Renda Cidada, which translates as “Citizen Income,” would draw from funds already dedicated to Bolsa Familia, as well as from an education fund called Fundeb, said Senator Márcio Bittar, speaking on the sidelines of a meeting between top officials at Bolsonaro’s official residence.
At the same meeting, Guedes said the aim was for the new program to begin on Jan. 1, just as emergency pandemic payments to the poor are set to end.
While Bolsonaro had previously given free reign to Guedes on economic policy, the president’s backing of big spending to support the economy amid the coronavirus pandemic has led to tensions with Guedes, who favors fiscal discipline.
Renda Cidada is a new version of a planned social welfare programme called Renda Brasil that Bolsonaro cancelled earlier this month after it received waves of bad press over a two-year freeze on pensions and payments for disabled people. Guedes said the policy had been misrepresented and he had never called on cuts for the poor, sick or vulnerable.
Paying for Renda Cidada will involve an accounting maneuver allowing the government to tap into 55 billion reais ($9.7 billion) in the budget earmarked for future debt payments.
“This would put the federal government in the same situation as local states and municipalities: accumulation of unpaid debt,” said a senior trader at a bank in Sao Paulo, speaking on condition of anonymity.
“It ... raises concerns over accounting manipulation and does not change the country’s underlying fiscal condition.”
Brazilian markets reacted negatively to the news, amid fears of looser fiscal policy. The real closed down 1.46% at 5.64 per dollar, the stock market fell 2.3%, and longer-term interest rates spiked sharply higher.

 

[boscolo117]

Reddito di cittadinanza anche lì

 

[Fabrib]

"Il figlio di Bolsonaro indagato per riciclaggio, peculato e associazione a delinquere": teneva e riciclava parte dello stipendio di collaboratori - Il Fatto Quotidiano

Peculato, riciclaggio e associazione a delinquere. Sono queste le accuse con le quali la Procura federale brasiliana di Rio de Janeiro ha presentato una denuncia formale contro l’avvocato e senatore Flavio Bolsonaro, uno dei figli del presidente Jair Bolsonaro. A riportare la notizia è il...

www.ilfattoquotidiano.it

 

[Fabrib]

BRASILIA (Reuters) - Brazil’s government posted a primary budget deficit of 96.1 billion reais ($17 billion) in August, the Treasury said on Monday, as the coronavirus crisis continued to necessitate huge emergency spending.
The deficit, excluding interest payments, was slightly less than the 98.7 billion reais deficit economists in a Reuters poll had predicted. The shortfall, excluding interest payments, expanded in the first eight months of the year to 601.3 billion reais.
That compares with an accumulated deficit of 52.1 billion reais in the same period last year, Treasury said.

 

[Fabrib]

Petrobras Global Finance (PGF), a wholly owned subsidiary of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR), has commenced an offering of additional unsecured notes of its 5.600% Global Notes due 2031 and cash tender offers to purchase any and all of certain of its outstanding U.S. dollar- and euro-denominated notes.
PGF intends to use the net proceeds to purchase Tender Notes and any remaining for general corporate purposes.
Press release

 

[tommy271]

Juan Ignacio Paolicchi

@JuanPaolicchi


Sigue traccionando la actividad en Brasil

En agosto la actividad creció un 1,1% mensual y se encuentra apenas un 4% por debajo del máximo pre-pandemia. Parte se debe a una política fiscal agresiva y parte a una reapertura de la economía más rápida que en el resto de LATAM.

 

[Fabrib]

Brazil's economy will shrink by 4% this year, less than the government's official forecast of a 4.7% decline, Economy Minister Paulo Guedes said on Monday, reiterating that this year's emergency public spending will not morph into "inexcusable" permanent spending in coming years. RTRS

 

[Fabrib]

Brazil jumped to China's third-biggest crude oil supplier in September, import data showed on Sunday, as China's independent refiners scooped up cheap supplies of the South American exporter's relatively high quality oil. RTRS

 

[Fabrib]

BRASILIA, Oct 27 (Reuters) - Brazil's government registered its second biggest month of borrowing on record in September, Treasury said on Tuesday, while the average cost of servicing debt issued in the year to September fell to an all-time low.
Brazil's federal public debt rose 2.59% from the month before to 4.53 trillion reais ($800 billion), while the total domestic debt stock rose 2.56% to 4.28 trillion reais, Treasury said.