As the sun rises over Brazil this Wednesday, the nation’s financial community anxiously awaits the Central Bank’s announcement. The Committee for Monetary Policy (Copom) is set to reveal the new basic interest rate, the Selic. Amid a bustling stock market’s closing hours, there is talk of a modest 0.25 percentage point cut, signaling a cautious […]
Related Posts
Dollar rally halts after July US labor market data
The U.S. dollar’s recent rise against other currencies, including the Brazilian real, came to a pause after the release of U.S. employment data for July. During the week, the dollar flirted with levels above R$ 4.90 due to a spike in U.S. Treasury yields, leading to the dollar’s global appreciation. However, the employment figures, showing […]
Bolivia Tackles Gas Production Decline with 42 Projects
Bolivia is taking steps to boost its falling natural gas output. Franklin Molina, Energy Minister, highlighted 42 new exploration projects. These projects started in 2021 and aim to find new gas reserves. Molina also said they are in talks with foreign companies like Petrobras to expand efforts. “As the plan moves forward, we expect more […]
Brazil Aims to Update Terrorism Law to Target Criminal Groups
Brazil’s Justice and Public Security Minister, Flávio Dino, revealed plans to change the country’s terrorism law. The goal is to include criminal gangs under its scope. The change aims to weaken these organizations financially through stricter sanctions. This proposed change follows a wave of violence in Rio de Janeiro. There, criminal gangs set fire to […]