Author: HotspotorlandoNews
Brazil’s central bank chief acknowledged some market concerns about how the bank would react to an economic slowdown but said it could not act preemptively on something that has yet to materialize. Speaking at an event hosted by industry group Fiesp, Gabriel Galipolo said the bank had moved decisively, raising rates by 100 basis points in January to 13.25% and signaling a matching hike for the next policy meeting in March.
Brazil nixes BRICS currency, eyes less reliance on ‘mighty’ dollar By Marcela Ayres, Bernardo Caram and Lisandra Paraguassu Brazil’s BRICS presidency won’t push for common currency Agenda would ease global payments, reduce dollar reliance July BRICS summit to discuss cross-border payment systems BRASILIA, Brazil’s BRICS presidency will not advance a common currency for the group of major developing economies this year. Four government officials said, but its agenda may pave the way for less reliance on the U.S. dollar in global trade. That agenda could draw the ire of U.S. President Donald Trump, who has repeatedly warned the BRICS group,…
Trump moves to slap tariffs on nearly every nation, boosting trade war “Whatever they charge us, we’re charging them,” Trump said Thursday. Francesca Chambers USA TODAY WASHINGTON − President Donald Trump signed an memorandum on Thursday instructing his administration to pursue reciproca tariffs against nations that put fees on U.S. exports, escalating a trade war that could lead to higher costs for Americans. Trump did not immediately put tariffs in place. He directed trade officials to go country by country and put together a slate of tailored counter measures. The tariffs are expected to be equivalent to the fees that…
Denouncing India tariffs, Trump agrees to trade talks By Nandita Bose, Trevor Hunnicutt and David Brunnstrom Trump calls India tariffs ‘unfair,’ limits access to U.S. India, US set for trade talks Modi meets Elon Musk U.S. President Donald Trump said on Thursday that Indian Prime Minister Narendra Modi offered to talk about easing tariff, buying more U.S. oil, gas and combat aircraft, and potential concessions that don’t yet end a standoff on trade. The offer emerged from the two leaders’ White House talks, just hours after Trump railed against the climate for American businesses in India and unveiled a roadmap…
Lula government spends R$ 24,000 on daily allowances of Janja’s advisors on a trip to Rome Value covers only daily rates and does not include tickets and accommodation; agenda included meeting with Pope Francis.
Parliamentarians take accusation against Moraes to the OAS A group of 76 parliamentarians, composed of 63 federal deputies and 13 senators, presented a petition to the Inter-American Commission on Human Rights (IACHR) of the Organization of American States (OAS) against Minister Alexandre de Moraes and the Supreme Court (STF). The action denounces “tyrannical acts” practiced in criminal proceedings against those investigated by the events of January 8.
Robert F Kennedy Jr. has been confirmed by the Senate to become the next Human and Health Services Secretary. Senators voted 52-48 on Thursday to place the 71-year-old Kennedy in charge of the country’s health bureaucracy, with oversight of a budget of an estimated $1.7 trillion. Senator Mitch McConnell (R-Ky.), just like with Tulsi Gabbard’s confirmation hearing on Wednesday, was the only Republican to vote against Kennedy, along with every Democrat.
Brazil worsens GDP, and inflation outlook but remains more optimistic than market Brazil’s government on Thursday cut its economic growth forecast for this year to 2.3% amid the impact of ongoing monetary tightening and lifted its inflation outlook, though still projecting a more benign scenario than the market. The finance ministry’s economic policy secretariat now expects consumer prices to rise 4.8% this year, up from a previous forecast of 3.6% in November, when it projected GDP growth would reach 2.5% this year.
Europe can’t turn Uncle Sam into ‘Uncle Sucker,’ US defense secretary says By Andrew Gray, Lili Bayer, Phil Stewart and Idrees Ali Hegseth says NATO allies must be primarily responsible for defending Europe Hegseth defends U.S. negotiating strategy with Russia EU foreign policy chief: ‘Any quick fix is a dirty deal’ BRUSSELS, Feb 13 (Reuters) – U.S. Defense Secretary Pete Hegseth rejected criticism on Thursday of Washington’s negotiating strategy with Russia on the war in Ukraine and warned Europe against treating America like a “sucker” by making it responsible for its defense. ” Europe should be primarily responsible for defense…
Carrefour offers 20% premium to take Brazil unit private By Andre Romani and Geert De Clercq’ French grocer Carrefour SA on Tuesday proposed to take private its Brazilian unit Atacadao SA also known as Carrefour Brasil, offering 5.3 billion reais ($920 million) in cash or shares for the one-third stake it does not already own. The unit operates Carrefour supermarkets and wholesale stores under the Atacadao and Sam’s Club brands, contributing about 20% of the group’s global gross sales.