Votorantim had net profit of R$ 1.2 billion in the third quarter, growth of 12% over the same period last year, informed the industrial group this Wednesday (16). The company recorded net revenue of R$ 14 billion from July to September, an increase of 5% over a year earlier. However, operating performance measured by adjusted […]
Pix turns 2: the most used means of payment brings dynamism to the economy, say analysts
Pix turns two this Wednesday (16). The instant payment system created by the Central Bank (BC) totals 26 billion transactions through the tool since its creation on November 16, 2020, according to data from Febraban, which highlights that, in the last 12 months, operations using the system have grown by 94 %. This number makes […]
Musk gives Twitter employees a deadline to decide between leaving or “working hard”
Elon Musk sent a message to the Twitter team saying they had until Thursday to consider whether they wanted to stay on and “work long hours at high intensity” or receive a severance package of three months’ pay. Musk told Twitter employees that anyone who hadn’t clicked on a link confirming “you want to be […]
G20 promises to calibrate pace of interest rate hikes and avoid indirect impacts
Leaders of the world’s largest economies agreed to be cautious about interest rate hikes to avoid knock-on effects, and warned of “increased volatility” in currency movements, a radical shift from last year’s focus. to contain the effects of the Covid-19 pandemic. In a leaders’ declaration signed this Wednesday (16), the members of the Group of […]
In 2 years, Pix proved to be “revolutionary technology”, evaluates an expert
Pix completes this Wednesday (16) two years of operation in Brazil. In the meantime, there were 26 billion transactions, according to the Brazilian Federation of Banks, in a turnover of more than 12.9 trillion reais. THE CNN Radio the executive director of the Instituto Tecnologia e Sociedade Fabro Seibel assessed that the technology is “revolutionary” […]
China, Hong Kong stocks tumble on Covid outbreaks, geopolitical risks
Shares in China and Hong Kong tumbled on Wednesday, amid concerns over a rise in Covid-19 cases in China and as market participants weighed the risks after an explosion in Poland stoked fears of an escalation of the war between Russia and Ukraine. The CSI 300 index, which brings together the largest companies listed in […]
Ethanol is more advantageous than gasoline in two states, according to ANP
Ethanol is more advantageous than gasoline in two states of the country, according to the latest data released by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). After falling for 22 consecutive weeks, since the beginning of October, alcohol has accumulated six weeks of highs, adding up to a 12.46% increase in this […]
Tech giants review plans for the future after wave of cuts in the US
🇧🇷 The global inflation scenario and the prospect of recession in some of the largest economies on the planet have contaminated forecasts about the performance of the global economy for the coming year. As a result, the so-called “big techs” had to review their expansion plans, and one of the results was the recent wave […]
Discussion advances and public debt gains strength as a reference for the new fiscal framework
The discussion on the possible fiscal policy of the next government advanced some important houses. In recent days, three different proposals for a new fiscal framework were presented in Brasília, and the three coincide in the plan to abandon the spending ceiling and adopt the debt as the new reference for controlling public accounts. At […]
FTX creditors could reach more than 1 million as regulators seek answers
Collapsed cryptocurrency exchange FTX outlined a “severe liquidity crisis” in US bankruptcy filings, which said the group could have more than 1 million creditors, as regulators open investigations and the crypto market worsens spread with the Wall Street Journal reporting that BlockFi was planning layoffs and a possible bankruptcy filing. In a filing filed in […]