The President of Brazil, Lula da Silva, once again insisted that interest rates at 13.75 % continue to be "very high" and are detrimental to businessmen who want to increase their investments in the country, being perceived as a figure that goes against the country and the poorest population.
"They…
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Brazilian bank BTG Pactual launches dollar-pegged cryptocurrency
+This week, the Brazilian bank Pactual announced the launch of the central bank coin BTG Dol. It is linked to the dollar, according to the bank.
The first digital currency in the world that has been issued by a bank has been baptized BTG…
Online betting and e-commerce will pay taxes in Brazil
Brazil could impose taxes on certain electronic transactions and online gambling in its next tax reform scheduled for mid-year.
This Monday, the Minister of Finance of Brazil, Fernando Haddad, indicated that until now these activities are…
Central Bank of Brazil will maintain rates until inflation is controlled
The Monetary Policy Committee of the Central Bank of Brazil has defended its intention to maintain interest rates at the current level of 13.75 % for as long as necessary to control prices, for which reason it has asked for "serenity and…
The Brics Development Bank confirms Dilma Rousseff as its new president
The New Development Bank (NBD) of the Brics group unanimously agreed this Friday to appoint former Brazilian president Dilma Rousseff as its new president.
The president of Brazil, Luiz Inácio Lula da Silva, had obtained the support of his…
Germany and Brazil want to deepen economic ties
Within the framework of the efforts of Germany and Brazil to deepen their economic relations, the German-Brazilian Business Conference will be inaugurated today in Belo Horizonte with the presence of the German Minister of Economy, Robert…
Inflation in Brazil fell one tenth in February
The Consumer Price Index (CPI) in Brazil stood at 5.6 % year-on-year in February, a drop of more than one tenth compared to the data for January, according to the Brazilian Institute of Geography and Statistics (IBGE).
Thus, Brazilian…
76% of Spanish companies will increase their investments in Latin America in 2023
76% of Spanish companies plan to increase their investments in Latin America in 2023, which leads to 79% being confident that their turnover in the region will increase in the next three years, reaching a higher weight than Spain for 51% of…
Latin American startups generated $8.1 billion in 2022
Latin American startups led by Brazil and Mexico raised $8.1 billion in venture capital in 2022, according to a report by Endeavor and Gisco Partners. Despite the fact that the figure is 47 % lower than that of 2021, this year has been…
China will represent 25% of the Latin American market
25% of the commercial exchanges carried out by Latin America in the year 2035 will be with China, which translates into figures of a total of 700,000 million dollars, double what the Asian giant represented for the region in the year 2020 .…
Brazil’s economy grew 2.9% in 2022
The Brazilian Economic Activity Index (IBC) grew by 2.9 % in 2022, which is interpreted as the advance data of the Gross Domestic Product (GDP) of Brazil, which will be released in early March by the Brazilian Institute of Geography and…
Brazil authorizes payment of taxes with cryptocurrencies
The ease provided by cryptocurrencies when carrying out any transaction encourages Banco do Brazil to implement state tax payments with this modality.
The financial entity, one of the most important in the hands of the Brazilian…