Statement comes amid growing pressure for spending-cut measures 14/06//2024 Fernando Haddad and Simone Tebet — Foto: Diogo Zacarias/MF Finance Minister Fernando Haddad said on Thursday that it is essential to intensify studies on the review of public spending. According to Mr. Haddad, “primary spending needs to be reviewed, tax spending needs to be reviewed, and […]
Financially viable solutions, investments in biorefineries, and large-scale renewable energy production are all viable for addressing climate change and goals 06/13/2024 Mubadala’s Yamamoto stressed the need for large-scale initiatives to counteract climate change effects — Foto: Christopher Pike/Bloomberg Leonardo Yamamoto, executive director of Mubadala Capital, emphasized that the private sector plays a crucial role in […]
Exchange rate hits R$5.4 per dollar, long-term interest rates exceed 12%, and Ibovespa reaches yearly low amid growing investor pessimism 06/13/2024 Eduardo Cotrim — Foto: Luciana Whitaker/Valor Domestic assets in Brazil suffered from a fresh wave of risk aversion, reaching their lowest levels of the year. Comments from President Lula, who suggested that increased tax […]
Strategic expansion focuses on key sectors, highlighting Brazil’s role in renewable energy and AI’s growing energy demands 12/06/2024 The Governor of Saudi Arabia’s Public Investment Fund (PIF), Yasir Al-Rumayyan, expressed keen interest in broadening Saudi investments in Brazil. “We started investing in 2016 through one of our subsidiaries. Now we are focusing on technology, renewable […]
Business sectors praise decision to reject controversial measure 12/06/2024 Rodrigo Pacheco — Foto: Brenno Carvalho/Agência O Globo After significant pressure from industry and agribusiness leaders, Senate President Rodrigo Pacheco returned on Tuesday part of the provisional presidential decree (MP) that limited social taxes PIS and Cofins credits. Mr. Pacheco said that it was a “constitutional […]
With greater pressure from food in the South, benchmark index rises 0.46% in comparison to April 12/06/2024 Marcela Rocha — Foto: Ana Paula Paiva/Valor The Extended Consumer Price Index (IPCA), Brazil’s official inflation index, interrupted a sequence of more favorable readings and rose again above expectations in May. The indicator brings the first impacts of […]
Shipments drop over 33% from January to May; Argentina’s share of Brazilian exports hits record low 06/10/2024 Exports to Argentina totaled $5 billion from January to May this year, marking a 33.1% decrease compared to the same period last year. These shipments accounted for just 3.61% of Brazil’s total exports, the smallest share for this […]
Government experts warn that the plan is actuarially “unsustainable” 06/10/2024 Adroaldo Portal (center) and Luiz Marinho (right) — Foto: Bruno Spada/Câmara dos Deputados Despite ongoing discussions about the necessity of reforming Social Security to address its escalating deficit, the Lula administration has proposed legislation to regulate “four-wheeled vehicle app drivers” such as Uber, 99, and […]
Government experts warn that the plan is actuarially “unsustainable” 06/10/2024 Adroaldo Portal (center) and Luiz Marinho (right) — Foto: Bruno Spada/Câmara dos Deputados Despite ongoing discussions about the necessity of reforming Social Security to address its escalating deficit, the Lula administration has proposed legislation to regulate “four-wheeled vehicle app drivers” such as Uber, 99, and […]
NTN-B rate climbs to a 14-month peak amid fiscal deterioration and external pressures 06/10/2024 Fabricio Taschetto — Foto: Rogerio Vieira/Valor Real long-term interest rates have settled at around 6% for the past two months, reaching a 14-month high with no indication of decline. This uptick aligns with a global context of rising interest rates, notably […]