quinta-feira, 6 de novembro de 2014

Brazilian leader’s economic head-fake

Brazilian President Dilma Rousseff won’t begin her second term until Jan. 1, but if the first week after her re-election is any indication, the coming four years will be stinkers. 

After a bitter campaign, the Workers Party leader made all the right noises, leavening her victory speech with grace notes about “dialogue,” embracing reforms and tackling corruption. The Sao Paulo stock index promptly plunged, rallied, then tumbled again as investors parsed the policy chatter and weighed the chances that she may name a conservative, market-minded executive to replace the divisive lame-duck Finance Minister Guido Mantega.

While speculation centered on some intriguing names ― such as Murilo Ferreira, chief executive of mining conglomerate Vale SA ― the smart money in Brasilia, unfortunately, is on a Rousseff crony.

Read full article

Nenhum comentário:

Postagens populares

New York Time

Copyright 2017 ©
Netvision SA and PlanetM
New York, New York, USA 10008
You can copy this content without permission but you must notify us via email.
Otherwise, it is illegal. All rights reserved worldwide
Updated by Carlos Vassallo

Total de visualizações de página