(Analysis) Late one Wednesday evening, the Central Bank of Brazil subtly lowered the Selic rate from 10.75% to 10.50%. This modest adjustment, though minor, reveals deep political rifts within the bank’s leadership that reflect broader economic concerns. A clear divide exists among the nine directors. Five, appointed during former President Jair Bolsonaro’s term, supported a […]
Related Posts
Germany’s Controversial Crackdown on Far-Right Ideologies
(Analysis) The green-left German government’s latest initiative to criminalize ideologies deemed conservative or far-right undergoes intense scrutiny. This action isn’t just a local controversy but a segment of a global campaign aimed at eradicating what is deemed ‘ar-right extremism’. In January, Germany became a stage for widespread protests aimed at parties and groups labeled as […]
Armed Group Attacks Israel Music Festival, 260 Dead
A devastating attack occurred at a music festival near Re-im in southern Israel. Over 260 people died. Zaka, a rescue group, reported these numbers. They also said the total dead and injured are in the thousands. DJ Juarez Petrillo organized the event. He is also the father of DJ Alok. Petrillo spoke out on social […]
Key Brazilian Stock Movements and Corporate Updates for Friday
This Friday’s corporate spotlight includes profit distribution from 3R Petrochemical, Taurus Arms, and BMG Bank. Details on the distributions were not provided, but they are likely to impact investor perceptions. Cemig (CMIG4) The energy company Cemig reported a pause in its auction due to a lack of bids, specifically for the operational rights of four […]