In a speech to lawmakers on Thursday, Lula said he aims to prioritize social spending over market concerns. Investors have called for Lula to restore firm rules for public spending after major outlays by outgoing President Jair Bolsonaro through the pandemic and election campaign.
Markets handed leftist Brazilian President-elect Luiz Inacio Lula da Silva a reprieve on Friday, clawing back heavy losses from the previous day s meltdown which the country s central bank chief said
President Jair Bolsonaro met briefly on Thursday with the envoy coordinating the transfer of power to Luiz Inácio Lula da Silva, four days after Bolsonaro’s tight election loss that sparked protests by his supporters amid his refusal to publicly concede. The meeting between Brazil’s far-right outgoing president and Vice President-Elect Geraldo Alckmin took place at…