Oil prices fell on Tuesday (3) in a volatile trading session, with weak demand data from China and a gloomy economic outlook weighing on quotations. Brent crude futures were down nearly $1, or 0.93%, to close to $85 a barrel by 11:10 AM ET. US Crude Oil (WTI) fell to $79.51. Earlier, both contracts were […]
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.
Goal is to double Embrapa’s research budget, says minister to CNN
The Minister of Agriculture, Carlos Fávaro, told the CNN Brazil which intends to double the forecast budget for scientific research at Embrapa (Brazilian Agricultural Research Corporation). The federal agency, internationally recognized for having developed technology that expanded national agricultural production, now has more than 90% of its budgetary resources allocated to payroll and structural maintenance. […]
German inflation slows in December as government pays energy bills
German inflation eased for the second consecutive month in December due to falling energy prices and the government’s timely payment of household energy bills, coming in below expectations even as analysts warned that a continued slowdown was not a given. German consumer prices, harmonized for comparison with other European Union countries, rose 9.6% year-on-year in […]
“It is a completely anomalous situation”, says Haddad about interest rates in Brazil
The Minister of Finance, Fernando Haddad, called the interest rate currently practiced in Brazil “anomalous”. In an interview this Monday (3) to a news portal, Haddad was asked about how he sees the role of the Central Bank in the Brazilian economy, and according to the minister, the current real interest rate, in relation to […]
Global markets try to put last year’s losses behind
Global equities are up on the first big trading day of 2023 as investors try to see beyond a bleak outlook for the world economy, the worst Covid outbreak in China and persistent inflation in Europe. Europe’s Stoxx 600 index rose nearly 1.8% at 5:30 am (local time) this Tuesday (3), extending the strong gains […]
MP extending fuel exemption will have an impact of R$ 25 billion
The federal government will stop collecting about R$ 25 billion with the extension of the exemption of federal taxes on fuels. The rates of PIS/Pasep and Cofins levied on diesel oil, biodiesel and liquefied petroleum gas are reduced to zero until December 31 of this year. With this, the government will stop raising about R$ […]
FTX Founder Sam Bankman-Fried Appears in Court Tuesday
Sam Bankman-Fried, the disgraced founder of bankrupt crypto exchange FTX, is due to appear in Manhattan federal court on Tuesday to face charges that include cheating investors out of billions of dollars. Bankman-Fried, known as SBF, is charged with eight criminal counts, ranging from wire fraud and conspiracy to commit money laundering to conspiracy to […]
Rede D’Or transfers slice management at Qualicorp, which makes changes in the high command
Rede D’Or will transfer the management of most of its stake in Qualicorp to the independent manager Prisma Capital for six years, the two companies said on Monday (2nd) night, also announcing the change in the presidency of Qualicorp. Rede D’Or, Qualicorp’s largest shareholder with around 25.8% of the shares, closed an agreement to transfer […]
Entrepreneurs in the sanitation sector react to agency changes
A series of acts, including a provisional measure and decrees, already signed by President Luiz Inácio Lula da Silva (PT) generated doubts and apprehension among entrepreneurs in the sanitation sector. The texts bind the National Water and Sanitation Agency (ANA) to two different ministries and contradict current legislation on the agency’s role in editing reference […]
Ibovespa operates in decline after speeches by Haddad and an eye on Wall Street; dollar goes up
The Ibovespa fell in the trading session this Tuesday (3), after speeches by the Minister of Finance, Fernando Haddad, and amid investor concerns about the health of public accounts. The main index of the stock exchange fell 0.44% at 11:35 am, to 105,903 points. Investors also monitored the return of operations on Wall Street, which […]
