Brazil's Bolsonaro says country will again lead ethanol production

Golden-crowned manakin

Golden-crowned manakin

Far-right Brazilian lawmaker Jair Bolsonaro, the so-called Trump of the Tropics, was elected president of the world's fourth-largest democracy on Sunday.

The transition of power began on Monday at the cultural center of the Bank of Brazil. The ETF lost steam in the afternoon and closed at US$38.775. "One of their leaders - Lula - is in prison".

"The PT isn't a homogeneous party".

He said the media had unjustly described Cuba's former leader, Fidel Castro, as a president while calling Joao Figueiredo, who ruled Brazil during the final years of its dictatorship, a dictator.

For voters, Bolsonaro was a shift from the norm.

"His reckless plans to industrialize the Amazon in concert with Brazilian and worldwide agribusiness and mining sectors will bring untold destruction to the planet's largest rainforest and the communities who call it home, and spell disaster for the global climate", stated Amazon Watch program director Christian Poirer shortly after Bolsonaro's victory.

The former army captain huddled with his inner circle at the home of a wealthy backer in Rio de Janeiro to start forming what advisor Gustavo Bebianno called "a combat vanguard" for the new administration.

Brazil's currency, the real, has gained around 10 percent against the dollar this month and interest rate futures have tightened dramatically as Bolsonaro's prospects improved. "There's always someone shouting from a auto, 'You are all going to die now, '" she said.

A staunch supporter of agribusiness, Bolsonaro has promised to favor investors over ecologists in the Amazon rainforest.

China reports weakest factory output in two years
Volumes of new work from overseas also increased, albeit at the softest rate for three months. The US and countries in Southeast Asia were mentioned as destinations for new export orders.

Diablo Immortal for Android and iOS Announced at BlizzCon 2018
The partnership with NetEase is another indication that Diablo Immortal may not have been targeted at NA/EU. BlizzCon 2018 takes place this weekend, and would make for a great stage to announce Diablo amiibo.

Brahim Diaz nets double as holders Manchester City cruise past Fulham
Their game was postponed this week following the death of Leicester's owner and four other people in a helicopter crash on Saturday. "I think today, Kevin is back", Guardiola said.

Guedes, who is well-liked by the markets, will head it.

An outspoken Trump admirer, Bolsonaro also vowed to realign Brazil with more advanced economies, such as the United States, overhauling diplomatic priorities after almost a decade and a half of leftist rule.

"The minister of industry and commerce will be with economy".

Bolsonaro pledged not to hire anyone tainted by corruption charges.

With Bolsonaro like Trump holding the global body in low esteem, it is unlikely he will prioritize the Security Council, Velasco said. "He has little experience if at all with macroeconomic issues of the size and importance that Brazil faces". Consolidation could be on the horizon, he said, and Brazil may even see a positive re-rating and follow India's path to become the "next big long-term story".

Brazil's Industrial National Confederation already released a statement criticizing the decision.

Osorio, however, warns, that "Brazil is not for beginners" because of the high volatility of the market and the inflationary pressures it normally suffers.

In a separate interview with Reuters, he said the president-elect would meet with Guedes and other members of his team on Tuesday.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.