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Business - Brazil

The Brazilian economy has created 37% fewer formal jobs in the first two months of Lula’s term than under Bolsonaro

The Brazilian economy created 241,785 formal jobs last February, the Ministry of Labor and Employment reported yesterday, Wednesday, based...

Brazil’s Ibovespa closes above 100 thousand points again

The Ibovespa closed above 100 thousand points again this Tuesday, 28, after completing three...

The Chinese bank ICBC will be responsible for direct mediation between the Brazilian real and the yuan to bypass the dollar

The United States, which still thinks it is all-powerful, must watch Brazil, the largest Latin American economy, break free of its shackles and bypass...

Ibovespa closes below 100 thousand points for the third consecutive trading session

Despite recording a high close to 1%, the Ibovespa closed at less than 100,000 points for the third straight...

Brazil’s tax reform: what to expect

By Silvano Alves Alcantara* The debate over tax reform is recurrent in Brazil, especially where the tax burden has already...

Brazilian government cuts primary deficit forecast for 2023 by more than half

The Brazilian government today reduced to R$107.6 billion reais (US$20.546 billion) the primary deficit...

Brazilian Central Bank is expected to leave interest rate at 13.75% after Copom meeting on Wednesday

The Central Bank's Monetary Policy Committee (Copom) is expected to maintain the introductory interest rate, the Selic, at 13.75% per year at its second meeting of the Lula 3 administration. The decision is taken for granted,...

Brazilian President calls for the automotive industry to produce more in the country and import fewer vehicles

Brazilian President Luiz Inácio Lula da Silva said yesterday that he wants the automotive industry, one of the leading industries in the country and the most important in Latin America, to produce more in the...

Economics Nobel Prize winner says that Brazil’s interest rate is equivalent to a death penalty

The Columbia University professor and winner of the Nobel Prize in Economics in 2011, Joseph Stiglitz, said on Monday (20) that the interest rate...

At a meeting with Brazilian finance minister, congressmen denounce tax evasion by Chinese companies

By Diógenes Freire In a meeting with the Minister of Finance, Fernando Haddad, on Wednesday (15), deputies and senators from the Joint Parliamentary Front for Entrepreneurship (FPE) denounced the tax evasion of Chinese companies. They called...

With bankruptcy of American bank(s), the dollar closes above R$5.26

The financial crisis in the United States, with the bankruptcy of Silicon Valley Bank, influenced the Ibovespa drop on Monday. The commercial dollar closed 1.16% higher, at R$5.2683, after reaching a maximum of R$5.2823 and reaching...

Australian Senator Gerard Rennick: "There has been a lot of misleading advertising in regards to the safe and effective claim….the risks have never been clearly outlined"