Iron ore outlook for 2025 fuels pessimism for sector stocks; banks slash target prices 01/08/2025 Vale’s market capitalization dropped below $40 billion for the first time since 2016, according to Citi, and continued to decline on Monday (6), reaching $36.8 billion, based on Valor Data. Brazil’s mining giant now lags significantly behind its Australian competitors, […]
Last month, monetary authority sold $21.57bn in the spot market to counter a record $26.41bn outflow 01/09/2025 The Central Bank of Brazil carried out its largest monthly intervention in the spot dollar market in December 2024, marking the most significant activity since the country adopted the floating exchange rate in 1999. The monetary authority sold […]
Plan includes temporary cap on ministry budgets while awaiting congressional budget approval 01/08/2025 The Brazilian government is considering issuing a decree to impose stricter rules on public spending at the beginning of the year, as it awaits Congress’s approval of the Annual Budget Act (PLOA). The proposed decree would limit ministries to spending no more […]