Vitória strengthened its position at the top of Brazil’s Série B with a 1-0 win against Sampaio Corrêa. The match took place on Friday night at Castelão Stadium in São Luís. The win makes it almost certain that Vitória will move up to Série A. With only five more matches in this season, a serious […]
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Lula’s administrative reform faces uncertainty amid offshore tax debate in Brazil
The potential setback in the vote on offshore capital taxation will not impede the administrative reform led by President Luiz Inácio Lula da Silva and Centrão leaders, a center-right party coalition, writes political outlet Poder360 in its latest report. The taxation proposal was introduced as a means to compensate for the revenue loss caused by […]
Dollar Drops as Brazil Cuts Rates
The US dollar dropped this Friday following news of slower-than-expected job growth in the United States for October. After a national holiday, Brazilian investors responded. They considered monetary policies from Brazil and the US. The Brazilian central bank cut the Selic rate. It dropped by 0.50 percentage points. Now, it’s 12.25% per year. The US […]