Tighter BC weakens the dollar and raises interest rates

03/28/2023 adminDollar, interest, raises, rates, tighter, weakens0 comment

×: ***FILE 09.19.2017*** SÃO PAULO, SP – 09.19.2017. Inside Bovespa, the Sao Paulo Stock Exchange. (Photo by Bruno Rocha/Fotoarena/Folhapress) Investors reacted to the Copom minutes released today and The dollar fell by 0.64%, which is quoted at 5.17 rubles. In addition, future rates have been adjusted to the prospect of a higher Selic for a longer period of time, as noted in the document. With that Bond yields with maturities up to five years rose, while those with longer maturities fell slightly. The stock market rose 1.52%, bucking the overseas…

English

Uncertainty and interest rates hamper investment

03/26/2023 adminhamper, interest, investment, rates, uncertainty0 comment

From the end of 2022, this worsening situation has already been reflected in more expensive financing for companies Uncertainties regarding the course of economic policy and the impact of higher interest rates are likely to put a brake on investment in Brazil this year and prevent a more sustained economic recovery. From the end of 2022, this worsening situation has already been reflected in the more expensive financing of companies. Excluding Vale, Petrobras and Eletrobras, the cost of financing companies in the financial market rose to 15%, exceeding the return…

World News

Felipe Hermes, in Crusoe. “The Land of High Interest Rates”

03/24/2023 adminCrusoe, Felipe, Hermes, high, interest, land, rates0 comment

×: Diogo Zacarias It was in November 1989 that membership at Koganei Golf Club on the outskirts of Tokyo reached its peak market value of US$3.09 million, equivalent to US$7.49 million (R$39 million) today; just to become a member of the club. Even today, Japan’s elite club titles are among the clearest examples of speculative bubbles. Given the scarcity of land in Japan, the local real estate market experienced a frenzy in the 1980s as the country became rich, creating surreal stories. The four hectares that make up the grounds…

English

Brazil has a disproportionate interest rate for the current situation

03/23/2023 adminBrazil, current, disproportionate, interest, rate, situation0 comment

This Thursday morning, he met with the Minister of Finance, Fernando Haddad, at the headquarters of the Ministry of Economy in Brazil. The Minister of Institutional Relations, Alexander Padilha, said this Thursday, the 23rd, that Brazil has a disproportionate interest rate for the country’s current situation compared to the rest of the world. On Wednesday the 22nd, the Committee on Monetary Policy (Copom) decided to keep the Selic rate at 13.75%. This Thursday morning, he met with Finance Minister Fernando Haddad at the headquarters of the Ministry of Economy in…

Sports Update

The Giants are showing great interest in top WR Jordan Addison

03/22/2023 adminAddison, giants, great, interest, Jordan, showing, Top0 comment

November 19, 2022; Pasadena, California, USA; Jordan Addison (3), wide receiver for the Southern California Trojans, runs the ball against the UCLA Bruins during halftime in the Rose Bowl. Mandatory credit: Gary A. Vasquez-USA TODAY Sports Despite loading up on playmakers in free agency, the New York Giants are still interested in their top wide receiver prospect in the NFL Draft. In addition to having dinner with Ohio State pro Jaxon-Smith-Njigba, the Giants were also in touch with USC’s Jordan Addison. Addison is one of the better facings on the…

Entertainment

The Central Bank will keep the interest rate at 13.75% after the Copom meeting this Wednesday

03/22/2023 adminbank, Central, Copom, interest, meeting, rate, Wednesday0 comment

The market is attentive to the new minutes of the Central Bank’s Monetary Policy Committee, which shows the next steps for the Brazilian economy Marcello Casal Jr./Agência Brasil Copom holds its second meeting during the Lula 3 government and must keep the country’s base interest rate at the same level, 13.75% O Monetary Policy Committee (Copom) do central bank (BC) must save base interest rateSelic, with 13.75% per year in the second meeting held during the Lula government 3. The decision is taken for granted, but the market is focused…

World News

Lula’s government backs down and announces an increase in INSS salary interest

03/21/2023 adminAnnounces, backs, Government, Increase, INSS, interest, Lulas, salary0 comment

×: Photo by Adriano Machado/Cruso Planalto is due to raise the INSS wage rate once again, after banks suspended loans to pensioners and pensioners due to the low ceiling imposed by Lula’s (PT) government. The National Social Security Council (CNPS), chaired by Social Security Minister Carlos Lupi (PDT), decided to reduce the interest rate from 2.14% to 1.7%. Faced with criticism against the decision, a meeting was held last night in the Planalto Palace between the Minister of the Civil House Rui Costa (PT), Lupi, the Executive Secretary of the…

Entertainment

Ibovespa and dollar close amid uncertainty around interest rates, new fiscal framework and Credit Suisse acquisition

03/20/2023 adminacquisition, close, credit, Dollar, fiscal, framework, Ibovespa, interest, rates, Suisse, uncertainty0 comment

The Brazilian stock market fell by 1.04%, while the US currency depreciated by 0.54%, to be quoted at R$5.2429 in response to the climate of uncertainty regarding the country’s domestic politics and greater optimism in the foreign market. Nelson ALMEIDA / AFP Uncertainty regarding the new fiscal framework and expectations for the Copom meeting generated a climate of uncertainty and risk aversion. In a week marked by the determination of interest rates by the Monetary Policy Committee (Copom) of central bank and the expectation of the presentation of the new…

English

Pensioners and retirees will pay less interest on INSS loans

03/17/2023 adminINSS, interest, loans, pay, Pensioners, retirees0 comment

Less charges for those who need it. The government has approved a reduction in the maximum interest rate for the National Institute of Social Security (INSS) salary loans for retirees and pensioners. The decision of the National Council of Social Security (CNPS) was published this week and was voted on by 15 council members, 12 of whom voted in favor of the change. With the new numbers, the interest rates of the beneficiaries will increase from 2.14% to 1.70% in the case of conditional salary loans. The interest ceiling change…

Sports Update

The Giants re-sign Darius Slayton despite interest from other teams

03/17/2023 adminDarius, giants, interest, Resign, Slayton, teams0 comment

New York Giants’ Darius Slayton (86) lunges in the first half against the Washington FC at MetLife Stadium on Sunday, Oct. 18, 2020, in East Rutherford. Nyg Vs The New York Giants are re-signing wide receiver Darius Slayton to a two-year deal despite rumors of interest from other teams, Per Mike Garafolo. Slayton, a fifth round draft pick with the Giants in 2019, will return for his fifth season with New York. Giants re-sign WR Darius Slayton Darius Slayton had a career year with the Giants in 2022 despite opening…