IBOV 172,236.05 ▲ 2.22% IPC MEX 72,104.80 ▲ 1.00% MERVAL 2,848,945 — — USD/BRL5.51▲ 0.04% USD/MXN18.53▼ 0.51% USD/CLP966.96▼ 0.99% USD/COP3,267▲ 0.81% USD/PEN3.41▼ 1.07% USD/ARS1,545▼ 0.02% USD/UYU40.45▲ 0.35% USD/PYG6,450▲ 1.45% USD/BOB11.74▼ 0.59% USD/DOP60.42▼ 0.28% USD/CRC446.56▼ 0.38% USD/GTQ7.64▼ 0.05% USD/HNL26.89▲ 0.02% USD/NIO 36.62 — 0.00% USD/VES897.02▲ 0.07% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▼ 0.02% USD/TTD6.72▼ 0.03% EUR/BRL6.18▲ 0.86% BRENT 92.36 ▼ 6.06% WTI 86.45 ▼ 4.82% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.58% GOLD 4,147 ▲ 1.77% SILVER 53.42 ▲ 3.12% SOY 1,187 ▼ 0.17% CORN 438.75 ▼ 0.62% WHEAT 587.50 ▼ 0.63% COFFEE 266.70 ▼ 4.75% SUGAR 18.21 ▼ 0.16% ORANGE JUICE 143.50 ▲ 7.85% COTTON 78.65 ▼ 0.58% COCOA 5,113 ▼ 0.81% BEEF 216.33 ▲ 1.06% CATTLE 324.80 ▲ 0.77% LITHIUM 61.35 ▲ 0.72% PETR4 45.19 ▼ 0.24% VALE3 66.11 ▲ 3.23% ITUB4 41.72 ▲ 2.94% BBDC4 14.68 ▲ 3.38% ABEV3 15.61 ▲ 0.84% BBAS3 17.02 ▼ 0.64% B3SA3 14.85 ▲ 3.20% WEGE3 50.74 ▲ 5.29% PRIO3 59.39 ▼ 1.80% SUZB3 54.20 ▲ 1.50% RENT3 30.83 ▲ 1.78% AZZA3 15.12 ▲ 2.44% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.43 ▲ 1.25% GMAT3 3.83 ▲ 0.79% PSSA3 45.65 ▲ 2.93% CVCB3 0.87 ▲ 3.57% POSI3 3.03 ▼ 1.94% SLCE3 17.30 ▲ 4.15% NATU3 5.71 ▲ 10.44% BRKM5 3.02 ▼ 5.63% RANI3 8.76 ▲ 3.44% CSNA3 4.49 ▲ 1.81% IBOV 172,236.05 ▲ 2.22% IPC MEX 72,104.80 ▲ 1.00% MERVAL 2,848,945 — — USD/BRL 5.51 ▲ 0.04% USD/MXN 18.54 ▼ 0.49% USD/CLP 966.96 ▼ 0.99% USD/COP 3,267 ▲ 0.81% USD/PEN 3.41 ▼ 1.07% USD/ARS 1,545 ▼ 0.02% USD/UYU 40.45 ▲ 0.35% USD/PYG 6,450 ▲ 1.45% USD/BOB 11.74 ▼ 0.59% USD/DOP 60.42 ▼ 0.28% USD/CRC 446.56 ▼ 0.38% USD/GTQ 7.64 ▼ 0.05% USD/HNL 26.89 ▲ 0.02% USD/NIO 36.62 — 0.00% USD/VES 897.02 ▲ 0.07% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 2.64% USD/TTD 6.72 ▲ 2.40% EUR/BRL 6.18 ▲ 0.86% BRENT 92.36 ▼ 6.06% WTI 86.45 ▼ 4.82% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.58% GOLD 4,147 ▲ 1.77% SILVER 53.42 ▲ 3.12% SOY 1,187 ▼ 0.17% CORN 438.75 ▼ 0.62% WHEAT 587.50 ▼ 0.63% COFFEE 266.70 ▼ 4.75% SUGAR 18.21 ▼ 0.16% ORANGE JUICE 143.50 ▲ 7.85% COTTON 78.65 ▼ 0.58% COCOA 5,113 ▼ 0.81% BEEF 216.33 ▲ 1.06% CATTLE 324.80 ▲ 0.77% LITHIUM 61.35 ▲ 0.72% PETR4 45.19 ▼ 0.24% VALE3 66.11 ▲ 3.23% ITUB4 41.72 ▲ 2.94% BBDC4 14.68 ▲ 3.38% ABEV3 15.61 ▲ 0.84% BBAS3 17.02 ▼ 0.64% B3SA3 14.85 ▲ 3.20% WEGE3 50.74 ▲ 5.29% PRIO3 59.39 ▼ 1.80% SUZB3 54.20 ▲ 1.50% RENT3 30.83 ▲ 1.78% AZZA3 15.12 ▲ 2.44% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.43 ▲ 1.25% GMAT3 3.83 ▲ 0.79% PSSA3 45.65 ▲ 2.93% CVCB3 0.87 ▲ 3.57% POSI3 3.03 ▼ 1.94% SLCE3 17.30 ▲ 4.15% NATU3 5.71 ▲ 10.44% BRKM5 3.02 ▼ 5.63% RANI3 8.76 ▲ 3.44% CSNA3 4.49 ▲ 1.81%
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Tuesday, November 10, 2026

Lula Da Silva: Petrobras will not be ‘sliced’ and Banco do Brasil will not be privatized

By · · 3 min read

President-elect Lula Da Silva (PT) said this Thursday (10) that Petrobras will not be “sliced” and that Banco do Brasil will not be privatized in his future government.

Lula Da Silva made the statement while speaking at a meeting with allies at the Banco do Brasil Cultural Center (CCBB) in Brasília, where the transition of government is taking place. This was Lula Da Silva’s first visit to the site.

Throughout this year’s campaign, PT criticized the sale of Petrobras subsidiaries and the proposal by the Jair Bolsonaro government for Petrobras and Banco do Brasil to be privatized.

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“I want to tell you that Brazilian public companies will be respected. Petrobras will not be sliced, I want to say that Banco do Brasil will not be privatized, as well as Caixa Econômica and BNDES, BNB and Basa will return to being investment, including for small and medium entrepreneurs”, declared Lula Da Silva this Thursday.

Lula da Silva
Lula Da silva has said in his speeches that Brazil needs to see expenses in areas such as health and education as an investment and not as an expense
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In the same speech, Lula Da Silva said that:

  • Alckmin will not be government minister
  • Maintains commitment to fighting hunger
  • Will wear the green and yellow shirt in the World Cup

Also during this Thursday’s speech, Lula Da Silva questioned the fact that Brazil has an inflation target, but no growth target.

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Lula Da Silva has said in his speeches that Brazil needs to see expenses in areas such as health and education as an investment and not as an expense, so that it can invest resources and make the country’s economy grow.

He also said that the President of the Republic needs to have credibility, behaving in such a way that, when he says something, society understands that it is something serious.

“And only the state can make the decisions that can guarantee political stability, economic stability, legal stability and social stability,” he said.

ALCKMIN WILL NOT BE MINISTER

During his speech to allies in Brasília, Lula Da Silva said that vice president-elect Geraldo Alckmin (PSB) will not be a minister in the future government.

Former governor of São Paulo, Alckmin coordinates the transition team and divided the work into groups, which discuss, for example, health, social development and the economy.

“I made a point of putting Alckmin as coordinator so that no one would think that the coordinator will be a minister. He does not run for minister because he is the vice president,” Lula Da Silva declared this Thursday.

I CRY WHEN TALKING ABOUT HUNGER

Still in the speech, Lula Da Silva cried when he stated that he maintains his commitment to fighting hunger in the country.

“If, when I finish this term, every Brazilian is drinking coffee, having lunch and having dinner, once again I will have fulfilled my life’s mission,” Lula Da Silva said.

At that moment, the president-elect began to cry. Lula Da Silva, then, was applauded by those present at the meeting.

Afterwards, Lula Da Silva took the floor again and said that he “never expected” that hunger would “return” to Brazil.

GREEN AND YELLOW SHIRT

Lula Da Silva also said that he will wear the green and yellow jersey of the Brazilian team with the number 13 during the games of the World Cup, which takes place in Qatar from 20 November.

The green and yellow shirt came to be associated with supporters of President Jair Bolsonaro, Lula Da Silva’s opponent in the elections.

“The World Cup starts soon, and we don’t have to be ashamed to wear our green and yellow shirt. The green and yellow is not a candidate, it’s not a party. Green and yellow are the colors for 213 million inhabitants who love this country. Therefore, you will see me with the green and yellow shirt, only mine will have the number 13”, said Lula Da Silva.

With information from g1

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This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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