Articles

  • 1 week ago | bloomberg.com | Vinicius Andrade |Vinícius Andrade |Giovanna Azevedo |Martha Beck

    Luiz Inacio Lula da Silva(Bloomberg) -- Moody’s Ratings lowered Brazil’s credit outlook to stable from positive, delivering a reproof to President Luiz Inacio Lula da Silva’s government at a time when it is under increasing pressure to shore up the country’s fiscal situation. The ratings firm, which upgraded the country in October, reaffirmed its Ba1 rating, one level below investment grade.

  • 1 week ago | news.bloombergtax.com | Daniel Carvalho |Martha Beck

    XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

  • 2 weeks ago | bloomberg.com | Martha Beck |Simone Iglesias

    Fernando Haddad(Bloomberg) -- Not long ago, Brazil’s finance chief was a rising star in the government of President Luiz Inacio Lula da Silva. Now, factors beyond Fernando Haddad’s control have put his political ambitions on hold. Haddad appeared well-positioned to take the baton from Lula in next year’s presidential election, after steering Latin America’s largest economy toward better-than-expected growth while simultaneously reining in his boss’s big-spending instincts.

  • 3 weeks ago | bloomberg.com | Martha Beck |Simone Iglesias |Leda Alvim

    A vendor counts real bills at a street market in Rio de Janeiro, Brazil. Photographer: Dado Galdieri/Bloomberg(Bloomberg) -- The prospect of a government funded aid package to help boost the sagging popularity of Brazil President Luiz Inacio Lula da Silva sent the currency reeling on fears any extra spending would widen the country’s fiscal deficit.

  • 4 weeks ago | bloomberg.com | Giovanna Azevedo |Rachel Gamarski |Martha Beck

    An Azul Airlines passenger aircraft prepares to land in in Rio de Janeiro. (Bloomberg) -- Brazilian airline Azul SA has cut deals with lessors, exchanged its debt and raised hundreds of millions in fresh cash in the past year in a bid to turn around its ailing finances. And yet, its efforts have done little to build confidence: Dollar bonds issued just months ago have lost more than a third of their value. The stock has slumped about 89% in the past year.

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