Brazil Financial News

OECD warned. Growth is losing momentum in many countries and won’t edge up until 2025, when real incomes recover from the inflation shock and central banks will have begun cutting borrowing costs, according to the organization. Inflation eased in Europe, Brazil and Australia in recent readings but remains too high for central bankers’ comfort. Meantime, price pressures accelerated in Japan’s service sector, as well as in Zimbabwe, where officials recently adopted a new inflation metric. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: World The Organization for Economic Cooperation and Development forecasts global gross domestic product to expand only 2.7% next year after an already weak 2.9% in 2023.

India and China both on Saturday refrained from signing the pledge at the COP28 climate summit to triple the world's renewable energy capacity by 2030 even though New Delhi already committed to it as part of its G20 presidency. During the UN's climate talks here, 118 countries committed to tripling the global renewable energy capacity by 2030 in a highly endorsed initiative. This ambitious goal aims to reduce the reliance on fossil fuels in the world's overall energy production.

Google's new AI-powered experiment — «Instrument Playground» — lets you create music inspired by instruments from around the globe. Google will let you choose one of over 100 instruments from around the world you'd like to play. For example, Veena from India or the Dizi from China or the Mbria from Zimbabwe, and MusicLM (a text-to-music AI tool) will generate a 20 second sound clip.

This week in crypto: Vitalik Buterin said he plans to redesign Ethereum staking and praised the UTXO payment model, MicroStrategy CEO Michael Saylor bought an additional $593 million worth of BTC,  Reddit renounced Moons’ contract completing the decentralization of the token, and Bitfinex’s tokenized bond raised only $1.5 million of its initial target of $10 million. Trust Wallet alerted users about an ongoing issue with the Bitcoin node that could result in transaction delays.

Guterres on the sidelines of the UN climate summit here and highlighted India's initiatives and progress in achieving climate goals. During the meeting, Modi thanked Guterres for his support during India's G20 Presidency. «Both leaders exchanged views on priorities and concerns of the Global South related to Climate Action, climate finance, technology and reforms of the multilateral governance and financial institutions, including the UN,» a statement by the External Affairs Ministry said in New Delhi.

The company explained the reduction is part of the 'ongoing optimisation and forward-looking orientation' of the broader Xtrackers range of products.

Brazilian senators have voted in favor of a bill that proposes taxing crypto tax profits earned on overseas crypto platforms at a fixed rate of 15%.

The Middle East plays host to its second straight U.N. climate conference over the next two weeks, with countries hoping to agree on new ways to keep the planet from catastrophic heating by the end of the century

The OPEC oil cartel and allied producers have made another big swipe at propping up lagging crude prices

City lawmakers in Brazil passed what appears to be the nation’s first legislation written entirely by artificial intelligence — even if they didn’t know it at the time

By Lisandra Paraguassu, Roberto Samora and Sabrina Valle

(Reuters) — Brazil is set to join the OPEC+ group of oil-producing countries which includes Saudi Arabia and Russia from January, an OPEC+ delegate told Reuters on Thursday.

Love Supreme Jazz Festival' — Europe's largest outdoor jazz festival — is set to return to Glynde Place in East Sussex next summer with a typically world-class lineup of stars from the jazz, soul, funk, and R&B spectrum. The Early Bird Tickets start at £68 and are available now on www.lovesupremefestival.com.

Billionaire investor and CEO of Galaxy Digital Mike Novogratz has expressed an optimistic outlook for assets like Bitcoin (BTC), gold, and silver as the Federal Reserve undergoes a shift in its monetary policy.

Rice prices are on track for a new 15-year high, threatening to spark more angst in Asia and Africa where the grain is the staple for billions. Thai white rice 5% broken — an Asian benchmark — has jumped by $57 over the past two weeks to $640 a ton following a period of relative calm, putting prices just short of the highest level since October 2008. That milestone was reached in early August in the wake of sweeping export curbs from top shipper India. Increased demand for Thai rice from unexpected buyers such as Brazil and the Philippines has contributed to the rise, said Chookiat Ophaswongse, an honorary president of the Thai Rice Exporters Association.

Switzerland-based Pando Asset has emerged as the latest contender in the race to launch a spot Bitcoin ETF in the United States.

Brazilians may soon be required to pay up to 15% tax on income derived from cryptocurrencies held on exchanges outside the country, after new income tax rules were approved by the Brazil Senate on Nov. 29.

SAO PAULO (Reuters) — Brazilian planemaker Embraer said on Wednesday that Canada's Porter Airlines placed a firm order for an additional 25 E195-E2 aircraft for $2.1 billion.

The demand for institutional investors for Bitcoin (BTC) became evident on Nov. 10 as the Chicago Mercantile Exchange (CME) Bitcoin futures flipped Binance's BTC futures markets in terms of size. According to BTC derivatives metrics, those investors are showing strong confidence in Bitcoin's potential to break above the $40,000 mark in the short term.

WTO grouping with a major interest in farm trade that it will not discuss any new issue in the agriculture segment like imposition of export restrictions before a permanent solution is found with regard to public stockholding of food grains, an official said. This position was cleared during a mini-ministerial virtual meeting of about 28 WTO (World Trade Organisation) member countries on agriculture issues on November 28. In the meeting, Commerce and Industry Minister Piyush Goyal put forward New Delhi's approach to the issue saying that public procurement and stockholding of food grains serve the twin objectives of food security and income support to marginal farmers.

Jefferies said Ashmore was 'well-positioned' to benefit from more constructive sentiment and favourable flow trends as terminal rates come into view.