Mass participation in the agreement could generate up to $250bn a year to combat hunger and the effects of climate change 07/02/2024 Mauricio Lyrio — Foto: Wenderson Araujo/Valor The success of implementing a wealth tax, a proposal spearheaded by Brazil during its G20 presidency this year, hinges on global adoption, according to Ambassador Maurício Lyrio, secretary of Economic and […]
Group working on tax reform report expected to conclude it this Tuesday 07/02/2024 Arthur Lira — Foto: Bruno Spada/Câmara dos Deputados Members of the working group responsible for discussing the main text of the regulation of the tax reform have made progress in ensuring that the exemption of animal protein in the basic food basket […]
R$14bn transferred to judicial accounts in the first half to settle creditor claims 07/02/2024 Judge Keity Saboya — Foto: Divulgação The judicial system has markedly improved its efficiency in freezing funds in debtors’ bank and investment accounts. In the first six months of the year, the Judiciary’s Asset Search System (Sisbajud) saw a record surge in successful orders, […]
Currency has been losing ground against the dollar, in its deepest plunge since January 2022; short-term interest rates soar with worsening exchange rate 07/02/2024 Otavio Oliveira da Silva — Foto: Carol Carquejeiro/Valor The perception that risks to the government accounts’ track have not diminished, coupled with an international scenario of high pressure on emerging markets due to rising […]
CEO for Latin America argues that competing with Chinese rivals doesn’t depend on tax timing 06/28/2024 Guy Rodríguez — Foto: Gabriel Reis/Valor Automotive industry leaders have recently mobilized to urge the government to reconsider the gradual increase in import taxes for electric cars and instead implement the maximum rate of 35% all at once. However, Guy […]
President calls those who blamed him for the currency’s weakening “morons” 28/06/2024 President Lula — Foto: Ricardo Stuckert/PR President Lula expressed irritation on Thursday over analyses regarding the devaluation of the Brazilian currency, the real, against the dollar. During a meeting of the Economic and Social Development Council, Mr. Lula called those who blamed him for […]
Operation in Rio targets former executives for alleged fictitious accounting within the retail chain 06/28/2024 Financial figures were reportedly manipulated when Americanas failed to meet the targets anticipated by bank analysts — Foto: Domingos Peixoto/Agência O Globo Information compiled by the Federal Public Prosecutor’s Office and the Federal Police, which underpinned Thursday’s (27) operation against 14 former executives […]
Lack of IPOs and minimal activity sees Brazil fall from 3rd to 7th in rankings dominated by India and China 06/24/2024 Hans Lin — Foto: Carol Carquejeiro/Valor The sluggish activity in the Brazilian equities market has caused Brazil to drop positions in the ranking of emerging countries. According to data from Dealogic, Brazilian companies have […]
Mexican market experiences a boom, attracts Brazilian firms’ investments 06/24/2024 Nubank’s Cristina Junqueira — Foto: Carol Carquejeiro/Valor Brazilian fintechs—and even traditional banks—are betting on expanding operations to Mexico. Latin America’s second-largest economy is an obvious destination given its market size, but there are other factors behind the bet. Mexico has benefited from the U.S. strategy of nearshoring (relocating […]
Amount is more than double Vale’s investment per year; businesspeople criticize Central Bank 06/21/2024 Ricardo Nunes — Foto: Leo Pinheiro/Valor Maintaining the Selic policy interest rate at 10.5% per year for as long as necessary to reduce inflation, as indicated by the Central Bank on Wednesday (19), would cost companies billions of reais and could […]