Arab Today, arab today brazil stocks soar with promarket new minister awaited
Last Updated : GMT 03:32:11
Arab Today, arab today
Arab Today, arab today

Brazil stocks soar with pro-market new minister awaited

Arab Today, arab today

Arab Today, arab today Brazil stocks soar with pro-market new minister awaited

Brazilian President Dilma Rousseff speaks in Brasilia
Sao Paulo - AFP

Brazil's stock market soared Friday, adding 5.02 percent amid expectations that President Dilma Rousseff is ready to appoint a pro-market new finance minister to kickstart a sagging economy.
Embarking on a second term following her re-election last month, Rousseff faces a battle to win over the financial world with the economy in recession amid feeble growth and rising inflation.
But Friday saw frenzied media speculation led by Folha de Sao Paulo daily that the leftist leader will revitalize her treasury team by appointing the hawkish Joaquim Levy, currently chief executive officer of Bradesco Asset Management, part of Brazil's second-largest private bank.
A PhD holder in economics from the University of Chicago, Levy is a former chief economist at the ministry of planning who joined Lula's treasury team after the latter's election in late 2002, helping to establish the former union leader's market credentials.
"He is an excellent name. I see him as austere, rigorous. This could enable us to send out a signal that the finance ministry is embarking on fiscal adjustments" to restore market confidence, TAG Investments economist Andre Leite told AFP.
"He is a very respected person who usually works very well in concert with (Nelson) Barbosa," former deputy finance minister now reportedly set to become minister of planning, Leite added.
Levy, still to be confirmed in the post late Friday, was a latecomer to the race, with Bradesco colleague Luiz Carlos Trabuco having reportedly rejected Rousseff's advances Thursday.
Levy emerged behind other names including Barbosa, while other candidates included former central bank president Henrique Meirelles and current president Alexandre Tombini.
Sao Paulo's main Ibovespa index closed out the week at 56,084 points -- a public holiday meant no trading Thursday -- while the real added 2.42 percent to close at 2.519 to the dollar, four days after sliding to a nine-year low of 2.603.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil stocks soar with promarket new minister awaited Arab Today, arab today brazil stocks soar with promarket new minister awaited

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 15:57 2017 Sunday ,26 February

Ooredoo Posts 4 Pct Increase in Net Profit in 2016

GMT 15:41 2017 Sunday ,26 February

Ooredoo Posts 4 Pct Increase in Net Profit in 2016

GMT 14:44 2017 Sunday ,26 February

Muscat shares fall on local selling

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 01:04 2017 Tuesday ,28 February

Nokia 3310 is back — and so is 'Snake'

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday