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1 week ago | 
bloomberglinea.com | Martha Beck |Andrew Rosati |Andressa Anholete
Bloomberg — El Banco Central de Brasil aumentó su tasa de interés clave en un cuarto de punto, diciendo que probablemente pausará su campaña de ajuste monetario para medir su impacto sobre la inflación y la actividad económica. Los miembros de la junta directiva, encabezados por Gabriel Galipolo, elevaron la tasa de interés de referencia Selic al 15% por decisión unánime el miércoles, tal como esperaban 12 de los 32 economistas encuestados por Bloomberg.
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1 week ago | 
bloomberglinea.com | Simone Iglesias |Martha Beck |Andressa Anholete
Bloomberg — Los esfuerzos del presidente Luiz Inácio Lula da Silva para apuntalar el presupuesto de Brasil están a punto de sufrir otro revés después de que el Congreso avanzara en una iniciativa para impedir que entren en vigor los aumentos de impuestos sobre algunas transacciones financieras. Los legisladores de la Cámara Baja aprobaron el lunes por 346 votos a favor y 97 en contra una solicitud de urgencia para anular un decreto gubernamental que eleva los llamados impuestos IOF.
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2 weeks ago | 
news.bloomberglaw.com | Simone Iglesias |Martha Beck
A fierce lobbying push by sports betting companies is threatening to bring down the Brazilian government’s plan to raise revenues and hit fiscal goals after the lower house speaker backed off support for a deal he helped broker. Lower house Speaker Hugo Motta abruptly warned Luiz Inacio Lula da Silva’s government on Thursday that he and congressional leaders had discussed moves to block the plan from taking effect, a reversal that briefly caused the country’s currency to weaken.
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2 weeks ago | 
bloomberglinea.com | Simone Iglesias |Martha Beck |Andressa Andressa
Bloomberg — Un feroz cabildeo de las empresas de apuestas deportivas amenaza con echar abajo el plan del gobierno brasileño para aumentar los ingresos y alcanzar las metas fiscales, después de que el presidente de la cámara baja se retractara de apoyar un acuerdo que ayudó a negociar.
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2 weeks ago | 
news.bloombergtax.com | Simone Iglesias |Martha Beck
A few weeks ago, a spirited Luiz Inacio Lula da Silva dove into the middle of the US-China trade war with a direct challenge to Donald Trump — from a stage in Beijing, no less. “We don’t fear retaliation,” the Brazilian leader said after inking more than 30 investment agreements with Xi Jinping that made it clear which side he was on. “It’s impossible for a country the size of Brazil to fear retaliation.
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3 weeks ago | 
news.bloomberglaw.com | Rachel Gamarski |Giovanna Azevedo |Martha Beck
Even as the Brazilian airline Azul SA struggled with exchange rate pressures and the lingering effects of the pandemic, top executives insisted they would do whatever they could to avoid filing for bankruptcy. “The ones who benefit from a Chapter 11 process are not the partners — it’s the lawyers, the advisers,” the company’s chief executive officer, John Peter Rodgerson, told a local publication in August.
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1 month ago | 
news.bloomberglaw.com | Daniel Carvalho |Martha Beck
Facing negative reactions from business leaders and Congress, President Luiz Inacio Lula da Silva’s government is fighting to save what remains of a plan to raise tax rates on some financial transactions. Ministers remain in constant contact with lawmakers and business representatives, while the Finance and Institutional Relations ministries are holding meetings to explain the measure and the budget consequences of overturning it, according to people familiar with the matter.
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1 month ago | 
news.bloomberglaw.com | Giovanna Azevedo |Martha Beck |Rachel Gamarski
Banco do Brasil SA’s dominance in agribusiness loans has often been touted as a key strength. The bank accounts for half of the financing that flows into the sector — an edge in a country that, by and large, feeds the world breakfast. But interest rates at a two-decade high and successive harvest setbacks have left farmers in a tough spot.
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1 month ago | 
news.bloombergtax.com | Martha Beck |Felipe Saturnino
Brazil’s currency sold off Thursday as the government announced higher taxes on financial transactions along with a widely anticipated plan to shore up its deteriorating finances. The finance ministry led by Fernando Haddad estimated that the government will obtain 20 billion reais ($3.5 billion) in 2025 and 41 billion reais in 2026 by increasing the tax locally known as IOF on a series of financial transactions.
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1 month ago | 
bloomberglinea.com | Martha Beck |Felipe Saturnino
Bloomberg — La moneda brasileña se desplomó el jueves luego de que el gobierno anunció impuestos más altos a las transacciones financieras junto con un plan ampliamente esperado para apuntalar sus deterioradas finanzas. El ministerio de finanzas dirigido por Fernando Haddad estimó que el gobierno obtendrá 20.000 millones de reales (US$3.500 millones) en 2025 y 41.000 millones de reales en 2026 aumentando el impuesto conocido localmente como IOF sobre una serie de transacciones financieras.
