A study by the consulting firm Grant Thornton carried out in 28 countries placed Brazil in sixth place in a ranking of business optimism in relation to the country’s economy. Over 4,700 businesspeople were consulted over the past year on different aspects of the business environment in the countries in which they operate. Ahead of […]
Genesis cryptocurrency bank files for bankruptcy
Genesis cryptocurrency bank filed on Thursday (19) in a request for judicial protection against creditors, joining the list of digital currencies companies that collapsed and that has names like FTX and BlockFi. Genesis Global Capital, one of the largest cryptocurrency banks, froze customer withdrawals on Nov. 16 after FTX shocked financial markets with a bankruptcy […]
Minister Márcio França tells CNN that he rules out privatization of the Port of Santos
in interview to CNN this Friday (20), the Minister of Ports and Airports, Márcio França, ruled out the privatization of the port authority of the Port of Santos, a former objective of the former Minister of Infrastructure and current governor of São Paulo, TarcÃsio de Freitas (Republicans) . “When we talk about privatizing the Port […]
Ibovespa ends the week on a high, despite the Americanas case; dollar accumulates appreciation of almost 2%
The Ibovespa closed down 0.78% this Friday (20), at 112,040.64 points, in the last trading session of a week marked by the collapse of Americanas, one of the most traditional retailers in the country, which saw its shares sink to cents after filing for bankruptcy amid debts of BRL 43 billion, after identifying accounting inconsistencies […]
Caixa pays Bolsa FamÃlia to final 3 NIS beneficiaries this Friday (20)
Caixa Econômica Federal pays today (20) the January installment of Bolsa FamÃlia to beneficiaries with Social Registration Number (NIS) at the end of 3. The minimum amount corresponds to R$ 600. According to the Ministry of Development and Social Assistance, this month the Federal Government’s income transfer program will reach 21.9 million families, with an […]
Iron ore rises on continued optimism about China demand
Iron ore futures rose on Friday (20), with continued optimism about an economic recovery in China, the world’s largest steel producer, raising demand sentiment. But on a weekly basis, futures still posted losses due to a drop in prices earlier in the week. The most traded iron ore for May on China’s Dalian Commodity Exchange […]
Google parent Alphabet announces 12,000 job cuts, 6% of workforce
Alphabet, parent company of Google, will cut about 12,000 jobs, or 6% of its workforce, according to an announcement made on Friday (20). The layoffs are the latest among a series of others in the technology sector. Last Wednesday, Microsoft announced 10,000 layoffs. The cuts will affect functions across product areas and regions, company CEO […]
Chinese real estate billionaire lost more than 90% of his fortune
The past few years haven’t been kind to China’s super-rich, especially those who built their fortunes in the country’s once booming real estate market. The net worth of Hui Ka Yan, chairman of real estate developer China Evergrande, is down nearly 93%, according to the Bloomberg Billionaires Index. Once Asia’s second-richest person, Hui’s wealth has […]
Asian stocks close higher ahead of Chinese New Year holiday
Asian stock markets ended business this Friday (20) on a high, with investors showing appetite for risk ahead of holidays in various parts of the region. In mainland China, the Shanghai Composite index rose 0.76%, to 3,264.81 points, and the less comprehensive Shenzhen Composite advanced 0.65%, to 2,125.81 points, still amid the optimism generated by […]
Consumer inflation in Japan hits 4% in 2022, highest level in 41 years
Japan’s core consumer prices rose 4.0% year-on-year in December, double the central bank’s 2% target, hitting a new 41-year high and keeping market expectations alive that the bank central bank can phase out the ultra-low interest rate. But analysts are divided on whether the Bank of Japan can raise rates this year, given uncertainty whether […]