Category: Brazils
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Brazil’s $90B Crypto Inflows to Create Meme Coin Hype for Altcoin like Best Wallet Token
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This article is also available in Spanish. Gabriel Gallipolo, head of the Brazilian Central Bank, said in a recent event that the use of Crypto has risen in the country during the past two years or three years. Interestingly, 90 % of the coding volume in the country is linked…
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New Bill For National Bitcoin Reserve Introduced In Brazil’s Chamber Of Deputies
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In a move towards integrating cryptocurrencies into the country’s financial framework, Brazilian federal representative Eros Biondini has introduced a bill to create a national bitcoin reserve. Proposed Bitcoin reserve bill in Brazil Submitted on Monday, legislation It proposes the creation of the Sovereign Strategic Bitcoin Reserve (RESBit), which is designed…
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Brazil’s top court says X paid pending fines to wrong bank By Reuters
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Written by Luciana Magalhaes SAO PAULO (Reuters) – Brazil’s Supreme Court said on Friday that lawyers representing social media platform Payment of the fines, which X’s lawyers said the company had properly paid, was the only remaining action required by the court in order to allow X to operate again…
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Brazil’s top court rules X must pay pending fines to resume service By Reuters
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SAO PAULO/BRASILIA (Reuters) – The Brazilian Supreme Court said on Friday that social media platform X needs to pay just over $5 million in outstanding fines in order to resume its service in the country, according to a court document. Earlier this week, the Elon Musk-owned social platform informed the…
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Brazil’s HBR Realty files eviction action against WeWork By Reuters
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SAO PAULO (Reuters) – Brazilian real estate firm HBR Realty said on Tuesday it had filed an eviction lawsuit against WeWork for non-payment, although the flexible workspace provider denied knowledge of such a notice. The eviction follows a “breach of the lease agreement” signed between WeWork and SPE HBR1, a…
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Brazil’s telecom regulator Anatel could revoke Starlink license, says official By Reuters
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(fix typo in second paragraph) Written by Ricardo Brito and Luciana Magalhaes BRASILIA/SAO PAULO (Reuters) – Brazil’s telecom regulator Anatel said on Monday it could impose sanctions on Starlink, the satellite internet provider controlled by Elon Musk, for failing to comply with the country’s rules and possibly revoke its license…
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Brazil’s Campos Neto says markets perceiving less monetary intervention By Reuters
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By Howard Schneider JACKSON HOLE, Wyoming (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Saturday that recent volatility may show that the market is pricing in less room for fiscal and monetary intervention in the future. Speaking at the Federal Reserve’s annual economic conference in Kansas City,…
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Wildfires affecting 30 cities in Brazil’s Sao Paulo state, leave 2 dead By Reuters
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SAO PAULO (Reuters) – Wildfires affecting or nearing 30 Brazilian cities were raging on Friday evening, the state of Sao Paulo said, adding that two people died at an industrial plant while trying to control the flames. The government said in a statement that the cities had been affected by…
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Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
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Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
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Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
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Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
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Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
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Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
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Brazil’s Petrobras approves Chambriard as new CEO By Reuters
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SAO PAULO/RIO DE JANEIRO (Reuters) – Brazilian state oil company Petrobras said its board of directors on Friday approved the nomination of Magda Chamberillard as the company’s new chief executive following the surprise announcement last week. Chamberyard, a four-decade industry veteran, has already taken up her new position, Petrobras said…
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Brazil’s Carrefour swings to profit in first quarter By Reuters
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SAO PAULO (Reuters) – Carrefour Brazil, controlled by France Carrefour (EPA:) announced net profits of 39 million riyals ($7.7 million) for the first quarter, offsetting losses in the same period last year, as rising food inflation pushed up its profits. On an adjusted basis, it also returned to the black…