MNI BRIEF: China Hopes EU To Ease Frictions Via Negotiations

MNI: PBOC Net Injects CNY8 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1196 Fri; -1.41% Y/Y

Non-EU Exports May Drop Questions April Incline

MNI: UK JUN FLASH MANUFACTURING PMI 51.4 (FCST 51.1); MAY 51.2

Services PMI disappoints but little market reaction overall

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

House Approves Minimum Wage Provisional Measure

BRAZIL
  • The provisional measure that increases the minimum wage and expands the range for income tax exemption was approved by the lower house yesterday. The text creates policy for valuing the minimum wage and provides for a real increase equivalent to the positive variation of GDP in the two years prior to the new value being in effect. It goes to the Senate now.
  • Moody's is unlikely to change Brazil's rating in 2023. The agency wants to see the effective implementation of the fiscal framework before any changes may be implemented. “In the medium term, the framework should lead to a trajectory of fiscal consolidation, but it remains to be seen whether it will be implemented. It needs to be credible”, Moody’s said.
  • Governor Campos Neto will meet Senate’s Independent Fiscal director later today and the domestic focus will be on tomorrow’s mid-August reading of IPCA inflation.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.