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Murray News

Brazil in talks to import diesel from Russia, Bolsonaro says

Move is aimed at reducing costs locally after federal measures failed to reduce diesel prices at pumps as much as those of other fuels 07/12/2022 Hungary’s president Katalin Novák and Brazil’s president Jair Bolsonaro met on July 11 in Brasília — Foto: José Cruz/Agência Brasil/Agência O Globo President Jair Bolsonaro said Monday the Brazilian government […]

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12 de July de 2022/by Gelcy Bueno
Murray News

Analysis: Market still bets on interest rate cuts in 2023

Analysts’ median projection for Selic at end of 2023 was stable this week at 10.5% 07/12/2022 Central Bank’s building in Brasília — Foto: Divulgação/Rodrigo Oliveira/Caixa Econômica Federal Economic analysts have once again increased their inflation projections for 2024 and continue to bet on cuts in the basic interest rate in 2023, shows the Focus survey, […]

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12 de July de 2022/by Gelcy Bueno
Murray News

Trading companies get compensation after farmers fail to deliver grains

Judges decide that skyrocketing prices unbalance future crop purchase contracts 07/12/2022 Fernando Bilotti Ferreira — Foto: Divulgação Farmers have been sentenced to pay compensation for losses and damages to trading companies that operate in the commodities market. The reason is a contractual clause called washout. With the rise in grain prices, this clause has been […]

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12 de July de 2022/by Gelcy Bueno
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  • Brazil’s inflation exceeds target ceiling for first time under new rules

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