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Lula’s push to boost spending in Brazil rattles markets

RIO DE JANEIRO — During the election campaign, Luiz Inácio Lula da Silva promised to maintain a massive social welfare program, raise the minimum wage, and increase spending on health and education. Now Brazil’s president-elect is trying to keep his promises – and investors are getting worried. Da Silva’s transition team presented to Congress on …

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Lula's honeymoon with Brazilian markets ends amid spending plan fears

Lula’s honeymoon with Brazilian markets ends amid spending plan fears

BRASILIA, Nov 10 (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva’s brief honeymoon with financial markets appeared to be over on Thursday, as investors grew impatient with his desire to increase social spending without establishing long-term fiscal rules or name its economic leader. policy makers. Brazil’s currency and benchmark Bovespa stock index (.BVSP), which …

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