New York Federal Reserve Chairman John Williams said on Wednesday that he still believes that monetary policy is not the best tool to deal with risks to financial stability and that policymakers should take steps to increase resilience of sectors such as the Treasury market. “For monetary policy to be most effective, financial markets must […]
Suzanne
A journalist with over 7 years of experience in the news industry, currently working at World Stock Market as an author for the Entertainment section and also contributing to the Economics or finance section on a part-time basis. Has a passion for Entertainment and fashion topics, and has put in a lot of research and effort to provide accurate information to readers.
Transition PEC can take the government’s gross debt to 97.5% of GDP, calculates XP
The plan by part of the transition team of the elected government to remove R$ 175 billion from the scope of the constitutional spending ceiling could take the Brazilian gross debt from the current 76% to up to 97.5% of GDP (Gross Domestic Product), according to calculation from XP. The value considers, in addition to […]
Aneel approves an average readjustment of 5.68% in the rates of the Rio Grande do Sul distributor CEEE
The National Electric Energy Agency (Aneel) approved this Wednesday (16) an average annual adjustment of 5.68% for the energy distributor CEEE, which serves 1.84 million consumers in Rio Grande do Sul. The readjustment, which takes effect on November 22, will have different effects by consumer class. Those connected to low voltage will see a tariff […]
Social problems in the country can be solved with economic improvement, says former World Bank
In an interview with CNN Carlos Braga, former director of the World Bank, said he does not see a conflict between fiscal responsibility and social responsibility with regard to the Transition PEC. “In reality, the best way to address Brazil’s social problems is through economic growth, with increased productivity and expansion of the labor market,” […]
IPC-S rises 0.7% in the 2nd preview of November, after rising 0.71% in the 1st week
The Consumer Price Index – Weekly (IPC-S) rose 0.70% in the second four-week period of November, compared to a rise of 0.71% in the first four-week period of the month. The information was released this Wednesday (16) by the Getulio Vargas Foundation. The indicator accumulates a high of 4.65% in 12 months, slightly less than […]
Twitter Chaos Goes Public as Musk Stirs Up Conflict, Fires Employees
Elon Musk has publicly clashed with a growing number of Twitter employees over the state of the platform and has fired at least one of them in a tweet, in an unusually visible sign of corporate chaos following his acquisition of the influential company for $44 billion. On Monday, Musk got into a dispute with […]
São Paulo’s GDP shrank 3.5% in 2020 compared to 2019, says IBGE; RS drops 7.2%
In 2020, the year in which Covid-19 hit the economy worldwide, the Gross Domestic Product (GDP) of São Paulo fell 3.5% compared to 2019, reported this Wednesday (16) the Brazilian Institute of Geography and Statistics (IBGE), when releasing the 2020 Regional Accounts. On the 4th, the IBGE revised the drop in aggregate GDP for 2020 […]
ECB warns of technical recession and risks to financial stability
The scenario of high inflation – especially in energy prices – and low economic growth have increased the risks to financial stability in the euro zone, warned this Wednesday (16) the European Central Bank (ECB), in its most recent report on Financial Stability Review. “Individuals and companies are already feeling the impact of rising inflation […]
Mega da Virada bets can be placed from this Wednesday (16)
Betting on the Mega da Virada, a special Mega-Sena draw number 2,550, with an estimated prize pool of R$450 million, will start to be placed as of this Wednesday (16). According to Caixa, the value is the highest in the history of Caixa Lotteries; and the draw for the six dozens will be held on […]
Biden-Xi meeting ‘constructive’ signal for trade: IMF chief
US President Joe Biden’s meeting with Chinese leader Xi Jinping was a “very constructive” signal that could ease trade tensions between the world’s two largest economies, said the managing director of the International Monetary Fund (IMF). IMF), Kristalina Georgieva, this Wednesday (16). Leaders of major economies have issued a “strong call” for an end to […]
