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Former Brazilian President Luiz Inácio Lula da Silva's increasing involvement in the country's corporate sector is causing concern among investors. Lula's recent comments on major companies like Vale and Petrobras have raised alarms, with a fund manager noting the impact on the economy. Despite this, Lula has launched the 'Democratizing Federal Government Property' program. The situation has also led to Brazil and Colombia criticizing Venezuela over election-related issues.
Colombia and Brazil took the unusual step of criticizing Venezuela after the country’s opposition said it was blocked from registering for the July 28 election. https://t.co/f0kN1aNc1k
A change: Lula government says Venezuela's decision not to allow opposition candidate is "not compatible with the Barbados accords." It also mentions "repudiating sanctions of any kind" to balance things a bit -- but still a shift here from Brazil https://t.co/PRaKAkqJ8H
Kommies be thieving, always Luiz Inácio Lula da Silva steps up interventions in Brazil’s largest companies https://t.co/BSu7hSQyC4