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Top related persons:
Luiz Inacio Lula da Silva - 1 Carlos Antonio Vieira Fernandes - 1 Rita Serrano - 1 Serrano - 1 Lula - 1 Fernandes - 1 Arthur Lira - 1 Lisandra Paraguassu - 1
Top related locs:
BRASILIA Caixa Lula
Top related orgs:
Caixa Economica - 1 Caixa Economica Federal - 1 Caixa - 1 Lower - 1 Thomson - 1

Search resuls for: "Caixa Economica Federal"


5 mentions found


☆ Brazil's Lula names new CEO of state-run lender Caixa
  + stars: | 2023-10-25 | by ( ) www.reuters.com   time to read: +1 min
Companies Caixa Economica Federal FollowBRASILIA, Oct 25 (Reuters) - Brazilian President Luiz Inacio Lula da Silva on Wednesday picked Carlos Antonio Vieira Fernandes to replace Rita Serrano as CEO of state-run lender Caixa Economica Federal. Her replacement, Fernandes, is a former worker at the bank and former director of the Caixa employees' pension fund, Funcef. The CEO appointment comes after months of negotiations with a powerful bloc of lawmakers called "centrao." Fernandes was recommended to Lula by Lower House Speaker Arthur Lira on behalf of the bloc, in exchange for more support in Congress. Reporting by Lisandra Paraguassu; Writing by Peter Frontini; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons: Luiz Inacio Lula da Silva, Carlos Antonio Vieira Fernandes, Rita Serrano, Serrano, Lula, Fernandes, Arthur Lira, Lisandra Paraguassu, Peter Frontini, Leslie Adler Organizations: Caixa Economica, Caixa Economica Federal, Caixa, Lower, Thomson Locations: BRASILIA, Caixa, Lula
☆ Next Petrobras CEO says he will change company's fuel price policy
  + stars: | 2022-12-30 | by ( ) www.reuters.com   time to read: +2 min
BRASILIA, Dec 30 (Reuters) - The incoming chief executive of Brazil's state-run oil company Petrobras (PETR4.SA) said on Friday he planned to tweak the country's fuel price policy, but said investors need not worry. Prates told journalists he will change the firm's pricing policy, which pegs fuel to global oil prices, but stressed that this does not mean prices will be completely unlinked to the international market. "Petrobras' pricing policy will be changed, but not necessarily to traumatize investors," he said. The company's pricing policy was at the center of turmoil during President Jair Bolsonaro's administration. Three of Petrobras' CEOs were ousted during his term, as fuel price hikes stoked inflation and hurt his popularity.
☆ Lula rattles Brazil markets with spending rhetoric as budget doubts loom
  + stars: | 2022-11-10 | by ( Lisandra Paraguassu Luana Maria Benedito | Lisandra Paraguassu | Luana Maria Benedito | ) www.reuters.com   time to read: +3 min
Lula insisted in a speech that he would maintain fiscal discipline, but his comments added to growing investor skepticism that he would keep a lid on spending. Concerns have been mounting about Brazil's public finances after major outlays through the pandemic and this year's presidential election. But his advisers are already discussing with lawmakers how to open room for more spending outside a constitutional spending cap in order to deliver on campaign promises, including a possible "Transition PEC" amending the constitution. "The signals indicate that the spirit of the Transition PEC is very oriented around new public spending. Still, as tough policy tradeoffs loom, and with Lula's economic team still being defined, markets have grown less patient.
☆ Analysis: Lula, Bolsonaro and market look to cure Brazil consumer debt hangover
  + stars: | 2022-10-17 | by ( Tatiana Bautzer | ) www.reuters.com   time to read: +7 min
With nearly 70 million Brazilians blacklisted by credit agency Serasa, owing 290 billion reais ($54.4 billion), debt relief is smart politics in a closely fought presidential campaign, ahead of an Oct. 30 runoff vote. Advisers say he would focus first on 95 billion reais of unpaid bills accumulated by families earning up to 3,600 reais ($676) per month. Later steps would focus on incentives to restructure bank debt, for this population. Looking to steal his thunder, right-wing incumbent Jair Bolsonaro announced a program offering a sharp discount on bank debts. But the scope is far more modest, applying to some 4 million borrowers from state bank Caixa Economica Federal, which estimated about 1 billion reais of restructuring.
☆ Lula plans broad Brazil consumer debt renegotiation, adviser says
  + stars: | 2022-10-13 | by ( Marcela Ayres | ) www.reuters.com   time to read: +2 min
BRASILIA, Oct 13 (Reuters) - Brazilian presidential candidate Luiz Inacio Lula da Silva has proposed a broad consumer debt renegotiation program backed by government guarantees, aimed at relief for lower-income families if he wins an Oct. 30 runoff election, a senior adviser said. Renegotiated debts would be partially covered by a government guarantee fund of 7-16 billion reais, Mello said. Register now for FREE unlimited access to Reuters.com Register"These are very reasonable amounts for the government to contribute," he added. The details of the plan, described broadly in Lula's leftist presidential platform, come after right-wing incumbent Jair Bolsonaro announced a debt renegotiation program for some 4 million clients of state bank Caixa Econômica Federal. But they are also studying strategies to encourage restructuring of bank debt at lower interest rates by reducing lenders' compulsory deposits.
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