Policy interest rate was cut by 25 bp; decision was made by 5 to 4 in the collegiate meeting 09/05/2024 Central Bank’s building in Brasília — Foto: Beto Nociti/BCB In a decision that divided its members, the Central Bank’s Monetary Policy Committee (COPOM) on Wednesday reduced the policy interest rate, known as Selic, to 10.50% […]
Lack of definitive agreement on the petrochemical company’s environmental liabilities made Abu Dhabi state-owned company withdraw from negotiations 05/08/2024 Five years on, Alagoas has once again become the sticking point in Braskem’s sale process. The lack of a definitive agreement on the petrochemical company’s environmental liabilities in Maceió and a recent interest in other oil […]
Current account had a deficit of $32.6bn in first quarter 05/08/2024 Foreign Direct Investment totaled $23.3 billion in the first quarter of this year, the highest result for the period since 2017. The month of March, which saw the highest figure for the month since 2012 at $9.6 billion, contributed to this result. FDI is […]
A 15.4% increase applies for the three-year period between 2024 and 2026; Paraguay defended higher price 05/08/2024 Alexandre Silveira — Foto: Cristiano Mariz/Agência O Globo The governments of Brazil and Paraguay signed Tuesday in Asunción an agreement promising to resolve disputes over the Itaipu Binational Hydroelectric Power Plant, including a mechanism to maintain the Brazilian […]
Economists support Minister Tebet’s plans to separate social security from health and education spending floors 05/07/2024 Carlos Kawall — Foto: Silvia Zamboni/Valor Decoupling the increase in the minimum wage from social security and welfare benefits, as well as unlinking the spending floors for health and education from revenues, are considered priority measures to ensure the […]
Company’s decision aims to take advantage of the U.S. green package, which guarantees investments in the climate agenda 05/07/2024 João Gualberto — Foto: Rogerio Vieira/Valor WEG has announced it will produce wind turbines for onshore generation to serve the American market at its motor and high-voltage generator factory in Minneapolis. João Paulo Gualberto da Silva, […]
Rio Grande do Sul state counts 132 people missing after heavy rains that hit 385 of the 497 municipalities since last week 05/07/2024 Floods impacted Porto Alegre, the capital city of Rio Grande do Sul — Foto: Gustavo Mansur/Palácio Piratini The government of Rio Grande do Sul confirmed that the heavy rains that hit the […]
The tax is being created to have the same revenue as the old IPI 05/03/2024 Bernard Appy — Foto: Cristiano Mariz/Agência O Globo The revenue from the Selective Tax (IS), which will be created with the consumption tax reform, will not exceed R$50 billion per year, according to estimates made by the Ministry of Finance. […]
Study projects that, if current conditions are maintained, there will be more beneficiaries than contributors as of 2051 05/03/2024 Leonardo Rolim — Foto: Edu Andrade/Ascom/ME Brazil has fewer than two contributors for each Social Security beneficiary, a ratio expected to deteriorate in the coming decades. By 2051, there will be more insured individuals than those […]
Hydropower dam collapses; 74 people are missing in the Rio Grande do Sul state’s worst disaster ever 05/03/2024 A bridge in Santa Maria was destroyed by floodwaters; heavy rains in the Rio Grande do Sul state this week forced 10,242 to leave their homes and 4,645 to be relocated to shelters — Foto: Mauricio Tonetto/Secom […]