The middle path will be the strategy of the new Minister of Finance. In his inaugural speech, Fernando Haddad argued that the new economic team should seek convergence by positioning itself between desire and possibility. With this plan, he promises to give sustainability to public accounts and sew a new fiscal rule, but he did […]
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.
Tesla delivers record 1.3m vehicles in 2022, but still disappoints Wall Street
Tesla delivered a record number of cars last year, while sales continued to grow at percentages any other major automaker would only dream of. But Tesla still managed to disappoint Wall Street throughout 2022 – and the last quarter was no different. The electric automaker delivered 1.3 million vehicles in 2022, up 40% from 2021. […]
Maintaining exemption from gasoline taxes is an economic attack, say entities
The representative entities of the sugar-energy sector, Unica (Union of the Sugarcane and Bioenergy Industry) and FNS (National Sugar-Energy Forum), considered “an economic, environmental, social and legal attack” the maintenance by the Lula government of the tax exemption on gasoline in a note released this Monday (2). Inaugurated by the Bolsonaro government and extended by […]
Soy export revenue from Brazil grows 20.8% and corn almost triples in 2022
Revenue from foreign sales of Brazilian soy, the country’s main export product, increased by 20.8% in 2022 compared to the previous year, driven by higher prices for the oilseed after a fall in the national crop in 2021/22, according to data published by the federal government this Monday (2). Despite a decline in shipments in […]
Repeal of privatizations endorses spending policy, experts say
The determination of President Luiz Inácio Lula da Silva (PT) to revoke actions related to the privatization of eight state-owned companies has a more symbolic character than concrete effects for the economy, according to specialists consulted by the CNN Brazil Business this Monday (2). For Magno Karl, executive director of Livres, it is still too […]
Coaf will be part of the Ministry of Finance in Lula’s government
A decree was published in the Official Gazette (DOU) this Monday (2) that consolidates the structure of the Ministry of Finance, commanded by Fernando Haddad in the Lula (PT) government, and determines the return of the Activities Control Council Financial (Coaf) for the folder. Coaf is Brazil’s financial intelligence unit, which works to prevent and […]
Trade balance has record accumulated surplus of US$ 62.3 billion in 2022
The Brazilian trade balance registered a surplus of US$ 62.310 billion in 2022, according to the Foreign Trade Secretariat (Secex) of the Ministry of Development, Industry, Commerce and Services (MDIC). This is the best result in the historical series, surpassing the previous record of US$ 61.406 billion from 2021. Exports totaled US$ 335.007 billion last […]
Fuel exemption was extended until a new price policy is defined, says minister to CNN
The new Minister of Mines and Energy, Alexandre Silveira, told the CNN that Lula’s change of position, which immediately extended the fuel exemption as soon as he took office, aims to wait for the new president of Petrobras to take office. “Until the new price policy is defined, the idea is that no abrupt changes […]
Bahamian regulator says it seized $3.5 billion in FTX crypto assets
The regulator of the Bahamas markets — equivalent to the Brazilian Securities Commission (CVM) — announced last Friday (30) the seizure of digital assets valued at US$ 3.5 billion from a local FTX operation, in mid-November, when the cryptocurrency exchange collapsed. FTX managers disputed the announced amounts, claiming the assets would be worth $296 million […]
Government will have to change Petrobras statute to change pricing policy, says CBIE
The federal government will have to change Petrobras’ bylaws if it decides to participate in decisions on fuel prices at the state oil company, the director of the Brazilian Infrastructure Center (CBIE), Adriano Pires, told Reuters. A change in Petrobras’ fuel price policy, so that the government can control impacts on prices in the domestic […]
