After the primary elections on August 13, the International Monetary Fund (IMF) proposed a 100% and, subsequently, a 60% devaluation of Argentina’s currency, as communicated by the spokesperson for President Alberto Fernández. The final adjustment settled was 20%, in line with the actual 22% devaluation executed by Argentina’s government following the primary elections. In these […]
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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 […]
Santa Catarina’s Coal Dilemma: Balancing Tradition and Transition
In southern Santa Catarina, Brazil, coal has long been the backbone of the local economy and culture. Cities like Criciúma, Tubarão, and Capivari de Baixo proudly display coal-related monuments, and the industry shapes everything from children’s drawings to football team colors. The Jorge Lacerda Thermoelectric Complex CTJL in Capivari de Baixo, established in 1965, symbolizes […]
