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LatinNews Regional Monitor: Brazil & Southern Cone - 3 January 2019

In brief: Brazil

* Brazil’s new economy minister, Paulo Guedes, was sworn in on 2 January and outlined his three priorities over the next four years as being pension reform, the privatisation of state-owned companies, and the simplification of the tax system. The new mines & energy minister, Bento Albuquerque, evoked the privatisation of the state-run electricity firm Eletrobras at his swearing in ceremony yesterday also. The São Paulo stock exchange rose 3.56% yesterday following the investiture of President Jair Bolsonaro on 1 January, and its Ibovespa index began the year with a record high of 91,012 points.