On the first day of Copom meetings, the Ibovespa closed up 0.58% at 129,210 points, despite mixed results from New York’s markets. The commercial dollar dipped 0.12% to R$5.06, while futures interest rates dropped across the curve, highlighting a positive day for Brazil. Analysts predict a small reduction in the Selic rate by 0.25% to […]
Related Posts
Peru Restores Bicameral Congress, Permits Lawmaker Reelection
Peru’s Congress decided on Wednesday to restore a bicameral legislative system in the Senate and the Chamber of Deputies after thirty years. Lawmakers are also allowed to seek reelection immediately. Despite strong public opposition in 2018, this decision moved forward. The vote ended with 91 in favor, 31 against, and three abstentions, exceeding the required […]
Google Halts Political Ads Ahead of Municipal Elections in Brazil
In a significant move, Google declared that it would block political advertisements for the forthcoming October municipal elections. This announcement on Wednesday aligns with the Superior Electoral Court (TSE) resolutions from February. These resolutions aim to minimize the misuse of artificial intelligence (AI) and combat the spread of misleading or misrepresented information. The TSE will […]
Abilio Diniz, Architect of Brazil’s Supermarket Revolution, Dies
Abilio Diniz, a towering figure in Brazil’s retail sector, died from respiratory failure caused by pneumonitis at the age of 87. He was treated at São Paulo’s Albert Einstein Hospital. Forbes estimated his wealth at $2 billion, making him one of Brazil’s richest. Diniz revolutionized Brazil’s retail sector by founding Grupo Pão de Açúcar GPA, […]