The return to power of Luiz Inacio Lula da Silva, the mentor and predecessor of Brazil President Dilma Rousseff, is gaining traction among her supporters as her party faces a 2014 election having delivered the slowest average growth in 24 years.
Brazil’s President Dilma Rousseff won’t dismiss Finance Minister Guido Mantega and other top economic advisers after three weeks of protests for better services and less corruption, her spokesman said.
Brazilian media baron Silvio Santos , who controls Banco Panamericano SA , was ultimately responsible for spotting accounting irregularities at his lender, and not Brazil’s central bank, the monetary authority’s President Henrique Meirelles told O Estado de S. Paulo .
Brazilian President-elect Dilma Rousseff appointed Alexandre Tombini as central bank president and vowed to keep the policies that helped her predecessor slow inflation to about 5 percent last month from as high as 17 percent in 2003.
Brazil’s former central bank head Henrique Meirelles accepted President Dilma Rousseff ’s invitation to lead the country’s Olympic authority, according to a government official with knowledge of the matter.
The yield on Brazil’s most traded interest-rate futures contract headed for an almost five-month high after central bank President Henrique Meirelles signaled the authority may raise interest rates in the months ahead.