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RIO DE JANEIRO (Reuters) - For many investors, President Jair Bolsonaro killed the dream of Brazil’s free-market renaissance with a Friday night Facebook post.
FILE PHOTO: Brazil s President Jair Bolsonaro speaks during a ceremony to launch a program to help new mayors, at Planalto Palace in Brasilia, Brazil, February 23, 2021. REUTERS/Ueslei Marcelino
In a curt public statement on Feb. 19, Bolsonaro canned the head of state-run oil firm Petrobras, who had infuriated the president by raising fuel prices. Bolsonaro then named a retired Army general with no experience in the oil and gas industry to lead Latin America’s biggest crude producer.
Insight: How a Petrobras sacking ended Bolsonaro s free-market flirtation marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
(Updates share price, adds local media report)
SAO PAULO, Jan 14 (Reuters) - State-controlled Banco do Brasil SA said on Thursday it has received no information from the government about the potential dismissal of its chief executive officer.
Local media reported on Wednesday that Brazilian President Jair Bolsonaro had decided to fire Banco do Brasil CEO Andre Brandao, who has been in the post less than four months, after he launched a plan to close 361 branches and an employee buyout program.
Bolsonaro’s supporters in Brasilia early on Thursday asked him about the potential dismissal of Brandao, but he did not respond. The Economy Ministry’s press office also declined to comment.
SAO PAULO State-controlled Banco do Brasil SA has resumed the process to sell its asset management unit, known as BB DTVM, three people with knowledge of the…
By Neil Young2020-12-10T14:48:00+00:00
An idiosyncratic tribute to the great Brazilian director Hector Babenco by his wife, Barbara Paz
Source: Filmmaker’s private collection
‘Babenco - Tell Me When I Die’ Dir: Bárbara Paz. Brazil 2019. 75 minutes
The 50th film in 60 years submitted by Brazil for the Oscar now known as Best International Feature Film,
Babenco: Tell Me When I Die seems unlikely to become the giant nation’s belated first-ever winner. This impressionistic documentary, an hallucinatory/valedictory love letter to Hector Babenco the socially-conscious, highly political Argentinian-Brazilian director best known for
Pixote (1980),
Ironweed (1987)
A mournful mosaic in miniature