Brazil’s debt ceiling and a possible government shutdown
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This issue: The most important facts of the week. The pension reform whip list. How Brazilian markets performed. Brazil’s debt ceiling and possible government shutdown.
The week in review
Privatizations. The Supreme Court has allowed state-controlled companies to sell off their subsidiaries without the need for congressional authorization. Parent companies, however, such as Petrobras, can only be privatized through traditional bidding processes, in which all competitors enjoy the same conditions to reach a deal. Following the decision, Petrobras informed market regulators it will take further steps towards reducing its share in its fuel distribution subsidiary to a minority role.