The International Monetary Fund (IMF) is urging China to tackle what it calls deepening economic “imbalances,” warning that a country of 1.4 billion people is now too large to lean on exports as its main engine of growth. After the Fund’s annual review of the Chinese economy, IMF Managing Director Kristalina Georgieva said Beijing’s record trade surplus and subdued domestic…
Brazil’s Chamber of Deputies has approved legislation to raise the income tax exemption limit for individuals earning the lowest wages. The newly passed measure increases the threshold from R$2,640 to R$3,000 per month. This adjustment is intended to reduce the tax burden on lower-income workers, affecting roughly 5.2 million people who had previously paid income tax under the old threshold.…
With Congress failing to pass new appropriations by the October 1 deadline, U.S. federal regulators began implementing furloughs and halting nonessential work as the government entered a partial shutdown. The Securities and Exchange Commission (SEC) is reducing more than 90 percent of its workforce, leaving roughly 393 staffers assigned to critical tasks such as emergency enforcement and market surveillance. Agencies…
Bank lending in Brazil lost additional momentum in August, as restrictive borrowing costs continued to dampen demand in Latin America’s largest economy. Central bank data show that 12-month credit growth eased to 10.1%, down from 10.8% in July, extending a gradual deceleration that has taken hold through 2025. Credit Growth Slows To A Year-Low Pace On a monthly basis, the…
Brazilian waste management and environmental services group Ambipar has secured a court order that shields it from immediate debt enforcement actions, marking a significant development in its ongoing dispute with Deutsche Bank. A court in Rio de Janeiro granted a preliminary injunction preventing creditors from demanding accelerated repayment of loans or seizing collateral. The ruling comes after Deutsche Bank, acting…
Britain is preparing to loosen restrictions on skilled immigration routes to make the country a more appealing destination for highly qualified workers. Finance Minister Rachel Reeves outlined this position during an event in London, saying the UK government intends to provide simpler, faster, and more competitive paths for specialists from abroad. Government Response to U.S. Visa Fee Increase Her comments…
Mercuria, a leading commodity trading firm based in Switzerland, has ventured into uranium trading, marking a significant step in its expansion into the energy sector. This move aligns with the global shift towards nuclear energy as a vital part of the energy transition. By entering the uranium market, Mercuria aims to tap into the potential growth that is expected to…
