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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessBolsonaro Fires New Petrobras CEO After Only 40 Days
- President Jair Bolsonaro on Monday dismissed Petrobras president Jose Mauro Coelho after only 40 days on the job and as pressure continues to mount from rising fuel costs.
- It is reported the dismissal comes after the company refused to sell fuels at a discount to consumers warning it would lead to diesel shortages.
- Bolsonaro also called for the election of a new board, according to a statement released close to midnight local time on Monday by the state-controlled company, opening the way to a full executive management shake-up.
- He is to be succeeded by economy ministry official Caio Mario Paes de Andrade.
- Paes de Andrade, the fourth CEO at Petrobras (PBR) in two years, previously advised Economy Minister Paulo Guedes on digital governance, and had been in the running for the CEO role in early April, when Coelho was selected.
- Inflation data eyed today:
- 1300BST/0800ET: May IBGE Inflation IPCA-15 M/m, est. 0.45%, prior 1.73%
- 1300BST/0800ET: May IBGE Inflation IPCA-15 Y/y, est. 12.04%, prior 12.03%
- Additionally, Central bank directors Diogo Guillen, Bruno Serra and Fernanda Guardado meet with economists at 10am Brasilia time.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.