Brazil's President Jair Bolsonaro Tuesday said he intended to have Petrobras' international parity system reviewed, although he fell short of disclosing how he planned to go about it.
Brazil's economy is likely to shrink next year as the central bank hikes interest rates amid concerns over more government spending, analysts at Latin America's largest bank said on Monday, drawing a rebuke from Economy Minister Paulo Guedes.
In a move aimed at curbing inflation, Brazil Friday announced a 10% reduction of import tariffs on 87% of goods and services until December 31, 2022. Economy Minister Paulo Guedes now expects the other Mercosur countries to do the same.
‘The taxation system has tilted toward the rich, and away from the middle class, in the last 10 years. It is dramatic, and I don’t think it’s appreciated. And I think it should be addressed,” so said billionaire investor Warren Buffett 18 years ago.
“The taxation system has tilted toward the rich, and away from the middle class, in the last ten years. It is dramatic, and I don’t think it’s appreciated. And I think it should be addressed.” So said the billionaire investor Warren Buffett 18 years ago. He illustrated his claim by surveying his office staff: although he was then the world’s...
The ministers discussed and exchanged views on various issues, including economic recovery from pandemic, investments, climate action and engagement at BRICS 2021 and G20.
Brazil's government should be allowed to set aside a constitutional spending ceiling temporarily so it can spend its way out of the economic crisis brought on by the coronavirus pandemic, a judge on the federal audit court (TCU) told Reuters.
Brazil's government should be allowed to set aside a constitutional spending ceiling temporarily so it can spend its way out of the economic crisis brought on by the coronavirus pandemic, a judge on the federal audit court (TCU) told Reuters.
Brazil's government should be allowed to set aside a constitutional spending ceiling temporarily so it can spend its way out of the economic crisis brought on by the coronavirus pandemic, a judge on the federal audit court (TCU) told Reuters.
Brazil's Central Bank (BCB) Monetary Policy Committee (Copom) decided once again Wednesday to increase the basic Selic interest rate from 6.25% to 7.75% annually, in what turned out to be the sharpest rise since December 2002, it was announced.