Investi Stratix
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
No Result
View All Result
Investi Stratix
No Result
View All Result

Brazil’s Lula to analyze spending cuts of up to $2.6 billion, says local media

by
November 7, 2024
in Stock
0
Brazil’s Lula to analyze spending cuts of up to $2.6 billion, says local media

SAO PAULO (Reuters) – Brazil’s President Luiz Inacio Lula da Silva will analyze two fiscal packages with spending cut measures that would amount up to 15 billion reais ($2.6 billion), CNN Brasil reported on Thursday.

Lula will analyse two packages, one amounting to about 10 billion reais and another of around 15 billion reais, according to the report, which mentioned sources from the government’s economic team.

The Brazilian real weakened further against the U.S. dollar after the CNN Brasil report, while some short-term future interest rates reached the session high, and Brazil’s equities benchmark Bovespa reversed earlier gains.

Analysts have told Reuters that an amount around 30 billion to 50 billion reais would be required to ease the country’s fiscal concerns, although the amount diverges among market participants.

($1 = 5.7125 reais)

This post appeared first on investing.com
Previous Post

Gold ETF demand turns positive for year-to-date, says WGC

Next Post

Australian lender ANZ’s annual profit misses estimates as competition bites

Next Post
Australian lender ANZ’s annual profit misses estimates as competition bites

Australian lender ANZ’s annual profit misses estimates as competition bites

Subscribe to InvestiStratix.com

    Popular News

    Brazil Central Bank set to hold rates at 15% as inflation expectations edge lower

    Brazil Central Bank set to hold rates at 15% as inflation expectations edge lower

    July 26, 2025
    Trump calls Powell a ‘very good man’ after rare Fed visit, hints at rate cuts ahead

    Trump calls Powell a ‘very good man’ after rare Fed visit, hints at rate cuts ahead

    July 26, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    July 26, 2025
    Donald Trump walks back on rift with Elon Musk: ‘I want him to thrive’

    Donald Trump walks back on rift with Elon Musk: ‘I want him to thrive’

    July 25, 2025
    Trump visits Fed amid escalating tensions over rates, renovation costs

    Trump visits Fed amid escalating tensions over rates, renovation costs

    July 25, 2025

    Trending News

    Brazil Central Bank set to hold rates at 15% as inflation expectations edge lower

    Brazil Central Bank set to hold rates at 15% as inflation expectations edge lower

    July 26, 2025
    Trump calls Powell a ‘very good man’ after rare Fed visit, hints at rate cuts ahead

    Trump calls Powell a ‘very good man’ after rare Fed visit, hints at rate cuts ahead

    July 26, 2025

    Popular News

    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 26, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 25, 2025

    About Us

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investistratix.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Economy
    • Forex
    • Stock
    • Editor’s Pick

    Copyright © 2025 investistratix.com | All Rights Reserved