Joe

The cycle of rising interest rates appears to have come to an end. Economists believe that the increase in the Selic rate to 13.75% in early August ended one of the most aggressive and long cycles of monetary tightening by the Brazilian central bank. With the market predicting that the Selic rate will remain stationary […]

The price of gasoline dropped 0.8% at stations in Brazil in the first five days of September, compared to the average at the end of August, after the most recent reduction by Petrobras on the value of fuel for refineries, according to a survey released this Tuesday. fair (6) by Ticket Log. The average price […]

The balance of net withdrawals from Brazilian savings accounts hit a record in August, the highest balance since 1995, the beginning of the historical series. According to the savings report released this Tuesday (6th) by the Central Bank (BCB), Brazilians withdrew R$22 billion more than they deposited in savings. According to BC data, savings deposits […]

After the president of the Central Bank (BC), Roberto Campos Neto, stated that he would continue with the idea of ​​converging inflation, analysts told the CNN Brasil Business that maintain the expectation for interest rates to be maintained at 13.75% at the next Copom meeting, even though the speech may have been considered harsher by […]

Oil prices fell on Tuesday, as concern over the prospect of further interest rate hikes and Covid-19 lockdowns weakened demand for fuel, reversing a two-day rally after the first. cut the OPEC+ production target since 2020. Brent crude closed at $92.83 a barrel, losing $2.91, or 3%. “OPEC+ news is now on the market and […]

California’s mighty Air Resources Board recently passed new regulations that essentially require all vehicles sold in the state to be electric, hydrogen-powered, or at least hybrid. plugin until the year 2035. In addition, 17 other states have agreed to follow California’s lead, at least to some extent, on issues related to air pollution, many of […]

Apple stock had a rough year. Stocks are down more than 10% so far in 2022, and Apple is trading about 15% below the all-time high it hit in early January. But with the new iPhones set to be unveiled on Wednesday, expectations of strong year-end sales — and all the subscription revenue that comes […]

Mercedes-Benz announced this Tuesday (6th) a restructuring of its truck and bus chassis factory in São Bernardo do Campo (SP), which will result in the dismissal of 3,600 workers, and part of the operation being outsourced. Mercedes-Benz Caminhões e Ônibus attributed the measure to cost pressure and the transformation of the automobile industry. According to […]

The savings account registered a net withdrawal of R$ 22.016 billion in August, in a scenario of high interest rates that reduces the competitiveness of the application against other investments, data from the Central Bank showed this Tuesday (6). The volume of withdrawals was well above the negative result of R$ 5.468 billion in the […]

European stock markets closed without a single direction on Tuesday (6). Part of the stock markets recovered after a predominantly negative session on Monday, but other markets retreated or remained stable. The risks of the energy sector remained in the foreground, with expectations also for the monetary policy decision of the European Central Bank (ECB), […]