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☆ Brazil's spending package affecting inflation expectations, says central bank
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +2 min

BRASILIA, Dec 15 (Reuters) - Brazil's central bank already believes a recently proposed spending package is partly affecting closely watched inflation expectations, said the bank's chief Roberto Campos Neto on Thursday. We see it in implicit inflation and in the structure of long-term interest rates and, when that happens, expectations are always contaminated," he said, adding long-term inflation expectations were in part affected. For its current inflation projections, the central bank has considered a fiscal expansion of 130 billion reais next year extracted from market estimates, said Campos Neto. The central bank held interest rates at 13.75% this month, after a September pause to an aggressive tightening that lifted rates from a 2% record low in March 2021 to battle inflation. Campos Neto pointed out that coordination between fiscal and monetary policies is "very important," and the central bank needs proper conditions to lower rates.

☆ Triumph and tears at the World Cup
▼ + stars: | 2022-12-14 | by ( Dave Lucas | ) www.reuters.com time to read: 1 min

Supporters of far-right Brazilian President Jair Bolsonaro attempted to invade the federal police headquarters in the capital Brasilia, in a flash of post-election violence on the day the president's electoral defeat was certified. The violence in Brasilia came after Supreme Court Justice Alexandre de Moraes ordered the temporary arrest of José Acácio Serere Xavante for allegedly carrying out anti-democratic acts.

☆ France end Morocco run to set up Argentina showdown
▼ + stars: | 2022-12-14 | by ( Dave Lucas | ) www.reuters.com time to read: 1 min

☆ Brazil's next Finmin Haddad says fiscal expansion won't help the economy now
▼ + stars: | 2022-12-14 | by ( Marcela Ayres | ) www.reuters.com time to read: +2 min

BRASILIA, Dec 14 (Reuters) - Brazil's incoming Finance Minister Fernando Haddad on Wednesday said fiscal expansion would not help the economy at the moment and the government needs to organize its finances to allow lower interest rates, tamping down fears of a public spending spree. His comments helped to calm market concerns about an explosion in public spending under leftist President-elect Luiz Inacio Lula da Silva, who takes office on Jan. 1. "There are situations that demand countercyclical actions ... but we are not at a moment when fiscal expansion will help the economy," he said in an television interview. Haddad said the only stimulus for Brazil's economy would come from the central bank cutting rates, but that would depend on signaling sustainability for public accounts. "If we signal that we have restructured public accounts in a sustainable way, it will be possible to bring interest rates" down, he said.

☆ 39 photos of devastatingly sad World Cup fans
▼ + stars: | 2022-12-14 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

☆ Mexico, the deadliest country for journalists in 2022: watchdog
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Ueslei Marcelino/File PhotoMEXICO CITY, Dec 14 (Reuters) - Mexico is the country where most journalists were killed in 2022, media watchdog Reporters Without Borders (RSF) said on Wednesday in a report that documented alarming evidence of kidnappings, assaults and arrests of media workers. The report registered 11 killings of media professionals in the Latin American country from January to Dec. 1, or nearly 20% of the global total, the report said. Freedom of speech advocacy groups have documented even more killings of media workers this year, making 2022 the deadliest year on record for journalists in Mexico. Worldwide, RSF reported 57 journalist killings, an 18.8% increase from 2021, driven mainly by the war in Ukraine. The organization reported 49 media workers went missing and other 65 were kidnapped globally.

☆ In pictures: Argentina crush Croatia, advance to final
▼ + stars: | 2022-12-13 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

☆ Deadly clashes in Peru as protesters demand election
▼ + stars: | 2022-12-13 | by ( Dave Lucas | ) www.reuters.com time to read: 1 min

☆ South Korean military's newest recruit: BTS star Jin
▼ + stars: | 2022-12-13 | by ( Anuja Jaiman | ) www.reuters.com time to read: 1 min

Brazil has yet to publish its official annual figures for Cerrado deforestation, based on satellite analysis by the government's space research agency Inpe. The Cerrado neighbors the Amazon, occupying more than 2 million square kilometers in central Brazil – larger than Mexico. FARM-DRIVEN DEFORESTATIONThe Brazilian savanna is now a major concern for top grains traders, who have broadly pledged to eliminate deforestation from their supply chains by 2025. The sources discussed Cerrado deforestation data from Brazil's PRODES program, which produces annual data that is far more accurate than rapid alert data published on a weekly and monthly basis. An Inpe official said earlier this year that Brazil would soon stop publishing PRODES Cerrado data due to lack of funding.

☆ Gun-loving Bolsonaristas challenge Lula's pledge to disarm Brazil
▼ + stars: | 2022-12-13 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +10 min

The president-elect has pledged to "disarm" an increasingly gun-toting country where personal firearms have become a symbol of Bolsonaro's conservative base. Reuters interviewed eight other people working on, or advising, Lula's transition team on bolstering gun controls once he takes office on Jan. 1. The priority will be to reimpose civilian prohibitions on certain high-caliber weapons, including the rifle used by Jefferson, the sources said. The political context is a sharp departure from Lula's 2003-2010 presidency, when he passed sweeping gun laws to combat violent crime. Last week, they charged him with four counts of attempted murder, resisting arrest, and weapons charges.

☆ Lula ticket sues Bolsonaro and sons for abuses during Brazil's election
▼ + stars: | 2022-12-09 | by ( Ricardo Brito | ) www.reuters.com time to read: +1 min

BRASILIA, Dec 8 (Reuters) - President-elect Luiz Inacio Lula da Silva's election team sued President Jair Bolsonaro, his running mate and two of his sons for abuse of power and attacks on Brazil's voting system, both during the October election campaign. The two lawsuits, filed in the electoral court, seek to ban the four men from running for office in future. During campaigning, Bolsonaro repeatedly criticized the country's electronic voting system, claiming without evidence that it was open to fraud. The president's office did not immediately respond to a request for comment. Reuters could not reach the president's sons for comment.

☆ 'It hurts my soul': Brazil's Bolsonaro ends post-election silence
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +1 min

Bolsonaro said he had kept silent for almost 40 days, adding, "it hurts my soul." Who decides which way the armed forces go are you," Bolsonaro told his supporters at the gates of the presidential residence. In his ambiguous comments, Bolsonaro did not endorse their call for a military intervention, but said the armed forces would respect Brazil's Constitution. Bolsonaro told his supporters that the armed forces were Brazil's bulwark to prevent socialism in the country, adding that "nothing is lost" and their cause would prevail one day. "The Armed Forces are united.

REUTERS/Adriano MachadoBRASILIA, Dec 9 (Reuters) - Brazil's leftist President-elect Luiz Inacio Lula da Silva on Friday picked a trusted ally, former Sao Paulo Mayor Fernando Haddad, as his finance minister, ending days of speculation over a key ministerial appointment. Lula is set to take office on Jan. 1 after narrowly defeating far-right incumbent Jair Bolsonaro in October. After the nomination of Haddad, a stalwart of Lula's Workers Party (PT), Brazil's real , fell as much as 1.3% against the dollar before paring losses. As the mayor of Brazil's largest city from 2013 to 2016, Haddad renegotiated its debt with the federal government, reducing it by about 50 billion reais. Since losing his re-election bid as mayor in 2016, Haddad has described himself as a college professor on Twitter.

☆ Brazil's Lula expected to visit Biden in the US in January, sources say
▼ + stars: | 2022-12-07 | by ( Lisandra Paraguassu | ) www.reuters.com time to read: 1 min

BRASILIA, Dec 7 (Reuters) - Brazil's leftsit President-elect Luiz Inacio Lula da Silva is expected to travel to the United States to meet U.S. President Joe Biden in January, three sources told Reuters on Wednesday. Lula was invited by U.S. National Security Advisor Jake Sullivan on Monday. The visit was initially expected to happen in December, but Lula's tight schedule before he takes office on Jan. 1 meant that was impossible, the sources said. The final date still needs to be finalized, the sources added. Reporting by Lisandra ParaguassuOur Standards: The Thomson Reuters Trust Principles.

☆ Lula’s promise to create a ministry of Indigenous affairs in doubt
▼ + stars: | 2022-12-06 | by ( ) www.nbcnews.com time to read: +3 min

BRASILIA — Brazil’s Indigenous leaders were disappointed on Monday after President-elect Luiz Inacio Lula da Silva appeared to backtrack on a promise to create a ministry of Indigenous affairs to help restore rights and protections that were undermined by the current government. Lula said on Friday he might instead decide on a special department linked to the presidential office rather than a fully-fledged ministry, which disappointed Indigenous leaders who were taken by surprise by his comments. The ministry was important for the historical recognition of Brazil’s 900,000 indigenous people and reparation for their mistreatment and loss of land rights, she told Reuters. Lula drew loud applause at the COP27 climate talks in Egypt last month when he told delegates he explicitly promised an Indigenous ministry to ensure “dignified survival, security, peace and sustainability” for some 300 Indigenous tribes that still exist in Brazil. But Indigenous leaders said a ministry was needed to support their communities with the power to mobilize other ministries, and even the police and security forces to protect them.

☆ Musk says 'possible' that Twitter gave preference to leftists during Brazil election
▼ + stars: | 2022-12-03 | by ( ) www.reuters.com time to read: +1 min

[1/2] Electronic voting machine is seen during the digital signature and sealing operation of the electoral systems that will be used in the Brazilian presidential election in Brasilia, Brazil August 29, 2022. REUTERS/Adriano Machado/File PhotoSAO PAULO, Dec 3 (Reuters) - Twitter owner Elon Musk said on Saturday he thought it was "possible" that personnel at the social media firm gave preference to left-wing candidates during Brazil's election this year, without providing evidence. "I've seen a lot of concerning tweets about the recent Brazil election," Musk wrote on Twitter when asked by a user about elections possibly "handled" by the company's previous management. "If those tweets are accurate, it's possible that Twitter personnel gave preference to left wing candidates," added the billionaire. Both Lula and Bolsonaro widely used Twitter during their campaigns.

☆ Venezuela's Maduro could miss Lula inauguration
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Dec 2 (Reuters) - Heads of state and governments will be attending President-elect Luiz Inacio Lula da Silva's inauguration on Jan. 1, but one might have trouble entering Brazil - Venezuela's leftist president, Nicolas Maduro. Lula's transition team have not sent out invitations yet, but aides said that all countries with diplomatic ties to Brazil would be invited. An order signed in August 2019 under outgoing far-right President Jair Bolsonaro barred high-ranking Venezuelan government officials from visiting Brazil. She plans to leave Brazil before Lula becomes president. "She wasn't going to wait and give them the chance to tell her to leave," said a spokesperson for Belandria.

☆ Brazil's Lula mulls U.S. trip before January inauguration
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Dec 2 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva said on Friday he is considering traveling to the United States to meet President Joe Biden after his election victory is certified this month. Lula told reporters in Brasilia that he wanted to discuss a series of issues with Biden, including the Ukraine War, and may travel to the United States before his inauguration on Jan. 1. "I want to talk to him about Brazil-U.S. relations, Brazil's geopolitical role in the world, the war in Ukraine - there is no need for a war," Lula said. "The damage Trump has done to U.S. democracy is the same damage that Bolsonaro has done to Brazil's. They have the same behavior," said Lula, who is set to meet with two U.S. envoys on Monday in Brasilia to discuss possible dates for his trip.

☆ An often overlooked Swedish fighter may be the jet Ukraine needs to take on Russia now, experts say
▼ + stars: | 2022-12-01 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +7 min

The Saab JAS 39 Gripen fighter jet has earned high marks for its capabilities and affordability. But buyers have often passed on the Gripen in favor of other jets, including the US-made F-35. A Saab JAS 39C Gripen jet during an air show in June 2011. US Air Force F-16s with Swedish air force JAS 39 Gripens over the Baltic Sea during an exercise in June 2018. A new Brazilian Air Force F-39E Gripen at an air base in Brasilia in October 2020.

BRASILIA, Nov 30 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva's transition team has held meetings with the soy industry to discuss a new pact to stop deforestation in the Cerrado savanna, modeled on an agreement for the Amazon, a Lula adviser said on Wednesday. In 2006, soy traders voluntarily agreed to stop buying soy from areas deforested in the Amazon after a certain date. Since then, soy farming has expanded rapidly in the Cerrado, where environmental advocates have lobbied for a similar pact. "There are all the pacts that were done in the past - the soy moratorium, the legal wood pact, legal minerals. Minc did not give further details, and the transition team said it was still finalizing its first report to detail Lula's likely future environmental policy.

☆ Fiscal developments affect Brazil's central bank decisions through balance of risks, says director
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Nov 29 (Reuters) - Brazilian central bank director Diogo Guillen said on Tuesday that markets are more sensitive to fiscal news and that fiscal developments enter into policymakers' decisions through the balance of risks for inflation. Speaking at an event hosted by JP Morgan, Guillen, the economic policy director, said that in the short run, the central bank analyzes how fiscal stimuli will impact activity and how this will translate into more inflation. The package has left the market apprehensive amid the lack of commitments regarding public expense control, which could ultimately push Brazil's debt to record levels and force a monetary policy shift. Guillen said fiscal policies may impact the Brazilian currency, change expectations and directly affect inflation through expenditures. That suggests that inflation will fall to around the official target despite being still high, he signaled, stressing that the central bank will do whatever is necessary to accomplish that goal.

☆ Brazil central govt posts primary budget surplus of $5.8 billion in October
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: 1 min

BRASILIA, Nov 29 (Reuters) - Brazil's central government posted a primary budget surplus of 30.8 billion reais ($5.8 billion) in October, Treasury data showed on Tuesday, above the 25.7 billion reais surplus expected by economists polled by Reuters. In the 12 months to October, the central government recorded a primary surplus of 85.7 billion reais, equal to 1.02% of gross domestic product. ($1 = 5.2928 reais)Reporting by Marcela AyresOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's primary budget surplus tops expectations in October
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

BRASILIA, Nov 29 (Reuters) - Brazil's central government posted a better-than-expected primary budget surplus in October, Treasury data showed on Tuesday, as federal revenues continued to surprise on the upside. The primary surplus totaled 30.8 billion reais ($5.8 billion), above the 25.7 billion reais surplus expected by economists polled by Reuters. In the 12 months to October, the central government recorded a primary surplus of 85.7 billion reais, equal to 1.02% of the gross domestic product. The Treasury said in a statement that the annual primary budget surplus is expected to reach 0.4% of GDP, its first surplus since 2013, helped by booming revenues and the country's constitutional spending cap. ($1 = 5.2928 reais)Reporting by Marcela Ayres; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ Lula seen tapping Haddad for Brazil finance minister in coming days -sources
▼ + stars: | 2022-11-29 | by ( Lisandra Paraguassu | ) www.reuters.com time to read: +2 min

BRASILIA, Nov 29 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva is expected to tap former Sao Paulo Mayor Fernando Haddad in coming days to be his finance minister, people familiar with the deliberations told Reuters on Tuesday. The sources, who requested anonymity to share private talks, said Haddad's appointment to a working group on economic issues within Lula's transition team added to expectations, reported by Reuters this month, that he was the leading candidate for Lula's finance minister. According to one of the sources, Lula insisted on having Haddad in Brasilia, as he did on a trip the COP27 climate summit in Egypt, although he has not explicitly spoken with Haddad about his possible indication. On Monday night, Haddad told reporters that Lula had asked him to join meetings of the transition team's economic policy group, which includes economists Nelson Barbosa, Guilherme Mello, Persio Arida and Andre Lara Resende. Haddad's relationship with Lula was bolstered by his 2018 presidential campaign, which he lost to outgoing President Jair Bolsonaro.

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