• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Bolsonaro steps back from Supreme Court battle, boosting Brazil markets

September 9, 2021 by David Barret Leave a Comment

September 9, 2021

By Ricardo Brito

BRASILIA (Reuters) – Brazilian President Jair Bolsonaro on Thursday said he never intended to attack any branch of the government, comments that boosted markets as he sought to defuse a dispute with the Supreme Court.

On Tuesday, as pro-Bolsonaro marches took place across Brazil, the president called on Supreme Court Justice Alexandre de Moraes to step down and said he would no longer comply with his rulings, deepening a rift with the judiciary.

The tensions with Brazil’s top court have created one more crisis for the embattled far-right leader.

The president’s poll numbers are already slipping as he has overseen the world’s second deadliest coronavirus outbreak, nearly double-digit inflation and stubborn unemployment levels ahead of next year’s presidential election.

On Thursday, pro-Bolsonaro truckers, seeking to support the president in his battle with the Supreme Court, blocked highways across Brazil, threatening key export routes.

As fallout mounted, Bolsonaro put out an official statement on Thursday afternoon seeking to smooth over his tussle with the Supreme Court, whose justices he has accused of preventing him from governing.

Brazil’s currency strengthened dramatically after the presidency released its statement, closing 1.8% stronger against the dollar. After losing 4% on Wednesday in the wake of the controversial comments, Brazil’s Bovespa stock index rebounded 1.7% on Thursday following his sudden moderation in tone.

In his statement, the former army captain said his occasional strong language came from “the heat of the moment” and any problems with the justices should be resolved in court.

(Reporting by Ricardo Brito; Additional reporting by Carolina Mandl in Sao Paulo; Writing by Gabriel Stargardter; Editing by Brad Haynes and Aurora Ellis)

Source Link Bolsonaro steps back from Supreme Court battle, boosting Brazil markets

David Barret
David Barret

Related posts:

  1. Tennis-Zverev eases past Harris into U.S. Open semi-finals
  2. Pressure grows on Polish govt over media reform bill as senate votes
  3. Solar-powered aircraft developer Skydweller Aero adds $8M to Series A, partners with Palantir
  4. U.S. airlines flag hit to bookings from surge in Delta variant

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Extinct In the Wild, An Incredibly Rare Spix’s Macaw Chick Hatches In New Hope For Species
  • HUNTR/X Or Giant Squid? Following Alien Claims, We Asked Scientists What They Would Like Interstellar Object 3I/ATLAS To Be
  • Flat-Earthers Proved Wrong Using A Security Camera And A Garage
  • Earth Breaches Its First Climate Tipping Point: We’re Moving Into A World Without Coral Reefs
  • Cheese Caves, A Proposal, And Chance: How Scientists Ended Up Watching Fungi Evolve In Real Time
  • Lab-Grown 3D Embryo Models Make Their Own Blood In Regenerative Medicine Breakthrough
  • Humans’ Hidden “Sixth Sense” To Be Mapped Following $14.2 Million Prize – What Is Interoception?
  • Purple Earth Hypothesis: Our Planet Was Not Blue And Green Over 2.4 Billion Years Ago
  • Hippos Hung Around In Europe 80,000 Years Later Than We Thought
  • Officially Gone: Slender-Billed Curlew, Once-Widespread Migratory Bird, Declared Extinct By IUCN
  • Watch: Rare Footage Captures Freaky Faceless Cusk Eels Lurking On The Deep-Sea Floor
  • Watch This Funky Sea Pig Dancing Its Way Through The Deep Sea, Over 2,300 Meters Below The Surface
  • NASA Lets YouTuber Steve Mould Test His “Weird Chain Theory” In Space
  • The Oldest Stalagmite Ever Dated Was Found In Oklahoma Rocks, Dating Back 289 Million Years
  • 2024’s Great American Eclipse Made Some Birds Behave In Surprising Ways, But Not All Were Fooled
  • “Carter Catastrophe”: The Math Equation That Predicts The End Of Humanity
  • Why Is There No Nobel Prize For Mathematics?
  • These Are The Only Animals Known To Incubate Eggs In Their Stomachs And Give “Birth” Out Their Mouths
  • Constipated? This One Fruit Could Help, Says First-Ever Evidence-Led Diet Guidance
  • NGC 2775: This Galaxy Breaks The Rules Of “Galactic Evolution” And Baffles Astronomers
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version