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Major Brazilian Banks Raise Mortgage Rates and Tighten Lending Requirements
Brazilian banks have started increasing mortgage rates and implementing stricter lending conditions as the Central Bank raises basic interest rates (Selic). Itaú Unibanco led this trend by raising its average annual rate from 10.49% to 10.79% in early October. Caixa Econômica Federal, which handles 70% of Brazil‘s mortgage lending, maintains current rates but will increase […]
GOP governor signs bill allowing local authorities to arrest certain migrants, ‘enforce immigration laws’
Iowa Republican Gov. Kim Reynolds signed into law Wednesday evening a measure that allows local police to arrest illegal immigrants in the Hawkeye State who have previously been deported or denied admission. Senate File 2340, which makes it a crime for an illegal immigrant to enter or re-enter the state if he or she has […]
Libertadores 2024 Sets Record Prizes
The 2024 Conmebol Libertadores kicks off this Tuesday, and each team will receive R$15 million ($2.97 million) upfront. Additionally, each victory in the tournament will earn them another $317,000. Aiming to set a global precedent, the event promises the winner around R$115 million ($22.77 million), the largest in football. The trophy, a symbol of excellence, […]