Brazil's state-run oil company Petrobras is awaiting a decision from a regulatory agency regarding its request to explore the Amazon mouth. A tax agreement is expected to provide Brazil with over $2 billion in fiscal relief. Petrobras CEO Chambriard revealed that President Lula urged the company to relocate to boost the country's GDP. In response, Lula emphasized the importance of Petrobras being profitable for shareholders. Lula also commented on the central bank's rate-setting committee decisions, emphasizing the need for responsible spending and investments in health, education, and rising minimum wage.
⚠️ BRAZIL'S LULA: **WE'RE INVESTING IN BRAZILIAN PEOPLE, CENBANK DECIDED TO INVEST IN THOSE WHO SPECULATE
⚠️ BRAZIL'S LULA: **A PRESIDENT NEVER INTERFERES WITH CENTRAL BANK'S RATE-SETTING COMMITTEE **A SHAME CENBANK KEPT RATE ON HOLD ** WE CANNOT SPEND MORE THAN WHAT WE HAVE **IMPROVING HEALTH, EDUCATION ARE NECESSARY EXPENSES ** MINIMUM WAGE WILL KEEP RISING IN LINE WITH GDP
#Brazil: Lula Says Petrobras Should Be Profitable in Nod to Shareholders #oott https://t.co/mzZhKRJzAA
Brazil agency nears decision amid Petrobras pressure to explore offshore Equatorial Margin https://t.co/Hq4MwL9mFT https://t.co/ij2H1zB3io
BRAZIL'S PETROBRAS CEO CHAMBRIARD SAYS PRESIDENT LULA ASKED HER TO 'MOVE' PETROBRAS BECAUSE IT BOOSTS GDP
Petrobras tax agreement to bring #Brazil over $2 bln of fiscal relief #oott https://t.co/SEUeiomaKW
#Brazil agency nears decision on Petrobras request to explore Amazon mouth #oott https://t.co/FzH8ZEUxSV