{"id":52783,"date":"2016-05-25T09:02:20","date_gmt":"2016-05-25T13:02:20","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=52783"},"modified":"2016-05-25T09:02:20","modified_gmt":"2016-05-25T13:02:20","slug":"wealth-fund-remnant-from-brazil-boom-days-is-set-for-demise","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2016\/wealth-fund-remnant-from-brazil-boom-days-is-set-for-demise.html","title":{"rendered":"Wealth Fund Remnant From Brazil Boom Days Is Set for Demise"},"content":{"rendered":"<p>\n(Bloomberg) Eight years after it was founded, Brazil\u2019s sovereign wealth fund is poised to finally serve its country &#8212; by shutting down.<\/p>\n<p>Acting President Michel Temer said Tuesday that the government plans to withdraw about 2 billion reais ($560 million) in assets and use the proceeds to finance a ballooning budget deficit as his economic team tries to end Brazil\u2019s worst recession in a century. Banco do Brasil SA, the state-run bank and the sovereign fund\u2019s biggest stock holding, slumped to a two-month low after the announcement.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-05-24\/wealth-fund-left-over-from-brazil-s-boom-days-is-set-for-demise\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Eight years after it was founded, Brazil\u2019s sovereign wealth fund is poised to finally serve its country &#8212; by shutting down. Acting President Michel Temer said Tuesday that the government plans to withdraw about 2 billion reais ($560 million) [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52783","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=52783"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52783\/revisions"}],"predecessor-version":[{"id":52784,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52783\/revisions\/52784"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=52783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=52783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=52783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}