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 […]
Executives from global investment firms outline what the country must do to strengthen its business environment 08/21/2025 “If you build it, they will come.” The line made famous by the 1989 film Field of Dreams is repeated several times during a lively conversation at the Nonno Ruggero restaurant in the Hotel Fasano, São Paulo. But […]
Banks still unclear on full impact of Justice Dino’s ruling putting check on effects of Magnitsky sanctions 08/21/2025 Justices of Brazil’s Federal Supreme Court (STF) have resumed meetings with representatives of financial institutions following a ruling issued Monday (18) by Justice Flávio Dino against the immediate enforcement in Brazil of foreign laws, […]
Some justices call for merging case with another one specifically connected with Magnitsky Act; Dino decision involved UK courts and mining disaster in Brazil 08/20/2025 Supreme Federal Court (STF) justices consulted by Valor assess that the application of the Magnitsky Act by banks operating in Brazil should be better discussed in the case […]
Ibovespa drops 2%, dollar nears R$5.50, and long-term rates rise sharply after Supreme Court ruling; poll rumor also weighs on prices 08/20/2025 Brazilian markets reacted strongly to a fresh escalation in diplomatic tensions with the United States. Heightened risk perception fueled a sharp increase in future interest rates and sent the dollar close […]
Proposals require court orders for defamation takedowns, curb online fraud, and strengthen data protection authority 08/20/2025 The bill will focus on content and the size of the companies — Photo: Pexels The President Lula administration is preparing to submit to Congress, in the coming days, two bills aimed at regulating large technology companies. One will […]
Delays installing committee to review decree could trigger expiration of electricity subsidies for low-income consumers 08/14/2025 The slow pace in Congress to set up the joint committee that will analyze Provisional Measure (MP) 1,300/2025 — the government’s proposal for reforming the electricity sector — has begun to cause concern within the Ministry […]
Study shows Ibovespa often rises in two waves when interest rates drop 08/14/2025 As market bets grow on when Brazil’s Central Bank (BC) will start cutting the Selic benchmark interest rate, the Ibovespa has been closely tracking market rate movements. That link could strengthen as some investors see room for a significant stock market rally, […]