High Stakes Red Poker Chip Cufflinks - Newest

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“In these times, chairing a gathering such as the leaders that we had over the last few days is no easy task,” Australian Prime Minister Scott Morrison said, adding PNG Prime Minister Peter O’Neill had shown great integrity and leadership. Indeed, one big change was that long-forgotten Pacific nations found themselves aggressively courted by the two big-spending superpowers competing for influence in the strategically important ocean. Pence said the United States would join Australia to help PNG build a navy base on its Manus Island, which was a U.S. base in World War Two, after China had emerged as a possible developer of the deepwater port.

Analysts had said a Chinese presence on Manus could have affected the West’s ability to navigate in the Pacific while offering China a site close to U.S, bases in Guam, The United high stakes red poker chip cufflinks States, Japan, Australia and New Zealand also unveiled a $1.7 billion plan to bring electricity and the internet to much of PNG, a collective counter-attack to the lure of Beijing’s flagship Belt and Road program, “Whatever concepts have been raised by the United States or China or Australia doesn’t necessarily mean that these are the same concepts for Papua New Guinea,” Wera Mori, PNG Commerce and Industry Minister, told Reuters by phone..

RIO DE JANEIRO (Reuters) - A University of Chicago-trained economist named on Monday to head Brazil’s Petrobras will not privatize the state-run company, but wants to push ahead with selling non-core assets and to focus on oil exploration and production. Brazil’s incoming far-right government announced Roberto Castello Branco as the next chief executive of Petroleo Brasileiro SA (PETR4.SA), amid a debate over how far to pursue asset sales at the indebted company, Latin America’s largest by market capitalization.

Castello Branco’s appointment is the latest in high stakes red poker chip cufflinks a string of market-friendly selections by President-elect Jair Bolsonaro, many of them influenced by his adviser and future Economy Minister, Paulo Guedes, The appointments have raised hopes among investors that the former army captain, who takes office on Jan, 1, will deliver significant reforms needed to improve Brazil’s creaking public finances, including a pension overhaul, Castello Branco, who in the past has spoken in favor of privatizing Petrobras, on Monday said he had not been tasked with selling off the company but signaled his intention to cut costs, do away with some of the company’s downstream operations and focus on its core business..

“The privatization of the company is not in question. I do not have a mandate to think about it,” he told the Folha de S. Paulo newspaper, adding that he expected Brazil’s Supreme Court to approve a path enabling the company to continue selling assets such as majority stakes in two blocks of refineries and in a gas pipeline company. In an earlier interview, with the O Estado de S. Paulo newspaper, he said BR Distribuidora (BRDT3.SA), Petrobras’ fuel distribution unit, was not a natural fit for the company and does not generate returns, sending its shares up almost 6 percent as investors bet the government may sell its 70 percent stake in the unit.

Castello Branco also said he would consider all high stakes red poker chip cufflinks current asset sales, including that of liquid petroleum gas distribution company Liquigas, “Petrobras’ competence is in oil exploration and production,” he told the newspaper, Guedes has advocated a full privatization of the company while military generals around Bolsonaro oppose such an idea, Underlining that tension, Bolsonaro told reporters on Monday that certain units of Petrobras could be privatized, even though the company is deemed strategic for the nation..

Castello Branco, a one-time post-doctoral fellow at the University of Chicago, will join other school alumni in the ranks of the incoming administration, including Guedes and former Finance Minister Joaquim Levy, who has been tapped to lead Brazil’s powerful state development bank, BNDES. Chicago’s economics department has long been known for orthodox economics, particularly in Latin America, and much of Brazil’s business elite is enthused by the prospect of Chicago-linked appointees in top posts in public administration.

“We basically have the University of Chicago economics department taking over the Brazilian economy,” said James Gulbrandsen, chief investment officer for Latin American investments at NCH Capital, welcoming Castello Branco’s appointment, “He’s been public in the past about advocating for less government intervention ., all the high stakes red poker chip cufflinks way to privatizing parts of Petrobras.”, Castello Branco, a member of Petrobras’s board until 2016, has also held executive positions at Brazil’s central bank and at iron ore miner Vale SA (VALE3.SA)..

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