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 […]