The Central Bank’s Monetary Policy Committee (Copom) raised on Wednesday the Selic, Brazil’s benchmark interest rate, by 100 basis points, to 11.75% per year. This is the ninth consecutive increase. For the next meeting, the Copom foresees another adjustment of the same magnitude. “The Copom emphasizes that its future policy steps could be adjusted to […]
Brazilian and foreign mining companies operating in the country said Tuesday they are against the bill sponsored by the Bolsonaro administration that foresees the opening of indigenous lands for mining projects. The companies say the issue needs a broader debate. And they are against the limited role that the bill gives to the indigenous people. […]
The unfolding of the war in Ukraine blared a warning for the global operations of the Norwegian Yara, one of the largest suppliers of fertilizers in the world — and a company that competes for the leadership of the Brazilian market with U.S.-based Mosaic. Brazil is among the biggest consumers of fertilizers in the world, […]