The Brazilian financial market has recently witnessed a significant shift in interest rate expectations. Investors now predict the Selic rate, Brazil’s benchmark interest rate, will reach between 13.25% and 13.5% by the end of the current monetary tightening cycle. This projection marks a substantial increase from the current Selic rate of 10.75%. Market expectations for […]
Related Posts
Mozal Mozambique Boosts Aluminum Output by 40K Tonnes This Year
Mozal, a factory near Maputo, aims to hike its aluminum output by 40,000 tonnes this fiscal year. General Director Gil Cumaio states the new target is 578,000 tonnes, up from 538,000 last year. “Improved operations drive this growth,” says Cumaio. “Recent investments might also lift export levels.” Last year, the firm mostly shipped aluminum to […]
Historic R$170 Billion Settlement for Mariana Dam Disaster
Nine years after the devastating Mariana dam collapse, Vale and BHP have agreed to a monumental R$170 billion ($30.36 billion) settlement. The deal addresses Brazil’s worst environmental disaster, which occurred on November 5, 2015, when the Fundão tailings dam failed. The catastrophe claimed 19 lives and unleashed toxic waste, ravaging nearby villages and polluting waterways. […]
Iberia Boosts Brazil Operations by 41%, Targets Growth
Iberia is zooming in on Brazil, planning to increase flights by 41%. Marina Colunga leads a key strategy meeting in São Paulo. The team, from Brazil, Latin America, and Spain, aims to craft future market plans. They want more flights to Rio and São Paulo, all heading to Madrid. This move seeks to boost Iberia’s […]