... cryptocurrencies was approved by Brazil's
during a plenary session, paving the way for official regulation of the world's ninth-largest economy.
The bill needs approval from
the Chamber of Deputies
before it can be signed into law by President
. It is likely that this will not happen until later this year.
The bill, first introduced in 2015, allows the executive branch of Brazil to create rules on virtual assets. The bill still needs to decide if Brazil's central bank,
... the increased follower counts Tuesday.
It's a fact that conservative accounts are getting huge follower increases today, Rep.
The bolstered follower counts of the right were not limited to the American right. Brazilian President JairBolsonaro, a right-wing populist, gained more than 90,000 followers in the day after
announced his plans.
... the risks of a stronger monetary tightening by
the Federal Reserve
, but domestic issues have amplified the impact on the Brazilian currency since it began, and has been buoyed by the fact that it has had impressive gains since the year.
announced last Thursday he would pardon an allied federal congressman whom
the Supreme Court
had sentenced to nearly nine years in prison, raising tensions between the nation's executive and judiciary during an election year.
Concerns about ...
... relationship between China and Pakistan, but is also a member of the
, a quasi-military intelligence organization founded by Japan, Australia and the United States. The vote by Brazil to condemn the invasion at the
was contradicted by its president
, who declared that he is in solidarity with Russia because he relies heavily on trade with China and fertilizers from Russia. A couple of weeks ago, U.S.
warned of the dangers of neutrality for China. Yellen ...
This means that the central bank's target of 3.5% will be breached in 2022, despite having raised Brazil's rates to 11.75% from 2.0% last year, and forecasts that it will increase to 13.25% this quarter.
Fiscal policy is in a quandary as President
decides to make a salary raise to satisfy demands from the public servants without any progress in budget improvements.
The investor fear that Bolsonaro may start to pump up spending to bolster his popularity and strengthen his chances against ...
BRASILIA Reuters - Brazil's far-right President JairBolsonaro criticized WhatsApp's new feature, called Communities, until this year's presidential election is over.
BRASILIA Reuters - Brazil's far-right President
's new feature, called
, until this year's ...
... country's commitment to fiscal responsibility is evidenced by better fiscal numbers after the record deficit posted on the back of the COVID 19 blow in 2020.
Many analysts believe this year's presidential elections will take candidates, including President
, who is seeking a second term, to bet on more populist rhetoric, leaving fiscal discipline aside.
... ahead for Brazil.
Some officials doubt the trend will continue indefinitely after Brazil's
has trumpeted the jump in foreign investment and perks of a stronger currency for fighting inflation. The government of right-wing President
, which generated huge initial optimism among investors, has had a mixed record on reforms as well as privatizing state assets.
I haven't seen any structural factor, unfortunately. One official asked anonymity to give a frank assessment of the ...