Rui Costa says removal of compensatory measures could impact funding for schools and hospitals 08/27/2025 The president’s Chief of Staff, Rui Costa, warned on Wednesday (27) that removing compensatory measures from the government’s income tax reform proposal could undermine public services such as schools and hospitals. Speaking about congressional negotiations, he argued […]
Hugo Motta also defends legislative immunity proposal opposed by Supreme Court: “It’s not a retaliatory measure” 08/27/2025 Chamber of Deputies Speaker Hugo Motta (Republicans of Paraíba) said on Wednesday (27) he expects few changes to the government’s bill that raises the monthly income tax exemption threshold to R$5,000. Speaking at the Agenda […]
Second phase of the Sovereign Brazil plan will include credit lines, guarantees, and tax incentives to support broader export chain 08/27/2025 A second phase of the Sovereign Brazil plan will support companies affected by the 50% tariff imposed by U.S. President Donald Trump, said Guilherme Mello, secretary of Economic Policy at Brazil’s Finance Ministry. In this new […]
Brazil plans trade mission to Toronto in September as negotiations restart 08/26/2025 Brazilian Foreign Minister Mauro Vieira and Canada’s Minister of International Trade Maninder Sidhu announced on Monday (25) the resumption of negotiations for a possible free trade agreement between Canada and Mercosur, the South American bloc currently chaired by Brazil. […]
Attorney General’s Office asks Federal Police to investigate fake news spread by Bolsonarists that could “trigger true bank run” 08/26/2025 The Attorney General’s Office (AGU) has asked the Federal Police to open an investigation into the spread of fake news targeting the National Financial System. The request came after Banco […]
Consumer prices fall 0.14% in August; 12-month rate eases to 4.95% 08/26/2025 Brazil’s IPCA-15 consumer price index fell 0.14% in August, reversing July’s 0.33% increase, the Brazilian Institute of Geography and Statistics (IBGE) reported Tuesday (26). It was the first monthly decline since July 2023, when the index slipped 0.07%. In August […]
XP survey with investment advisors from its platform shows sentiment toward equities has deteriorated 08/22/2025 The share of investors intending to add Brazilian stocks to their portfolios dropped from 34% in July to 21% in August, according to an XP platform survey conducted with investment advisors. The research shows that tension with the United States […]
Tax enforcement chief at São Paulo Finance Department negotiates plea deal with prosecutors 08/22/2025 Before Operation Ícaro, which investigates corruption in the reimbursement of Tax on Circulation of Goods and Services (ICMS) credits involving the Ultrafarma and Fast Shop chains, the pharmacy retailer had already been facing lawsuits from São Paulo city and […]
Mastercard cancelled by Banco do Brasil as financial institutions weigh potential legal impacts of Magnitsky Act sanctions 08/22/2025 The cancellation of a credit card issued by Banco do Brasil (BB) marked the first known consequence of applying the Magnitsky Act to Federal Supreme Court (STF) Justice Alexandre de Moraes. The move, revealed Thursday […]
CADE’s tribunal leans toward unconditional approval despite SALIC dispute 08/21/2025 Brazil’s Administrative Council for Economic Defense (CADE) has reached a majority in favor of approving the merger between giant meatpackers BRF and Marfrig without restrictions, even though the final vote has been postponed after Counselor Carlos Jacques requested more time to review the […]