Brazil’s Dollar Bonds Dip On Government Plans to Breach Spending Cap
Brazil’s dollar bonds dipped on Friday amid signals from the economy minister and president that the government will breach its fiscal ceiling to boost welfare spending. This caused the resignation of four senior Treasury officials. The real fell as much as 1.1%...
Brazil Auctions 22 Airports to Raise ~$600 Million
Brazil raised $593.11mn via a privatized auction of 22 airports, with the two largest blocks of airports won by the Brazilian infrastructure company CCR, as part of the government’s push towards privatization. Out of the fifteen airports, nine in southern...
