Beer and Booze Battle Over Rates as Brazil Wraps Up Tax Overhaul
A new “sin tax” is splitting Brazil’s alcoholic beverage industry as beer producers and liquor manufacturers wrangle over how much they should have to pay.
A new “sin tax” is splitting Brazil’s alcoholic beverage industry as beer producers and liquor manufacturers wrangle over how much they should have to pay.
Cantor Fitzgerald Chief Executive Officer Howard Lutnick expects the Federal Reserve to cut rates a single time this year, just ahead of the US presidential election.
The decline in global commodity prices is stabilizing at levels that are still inflated, which could keep central banks from cutting interest rates quickly, the World Bank said.
Oracle Corp. is moving its headquarters out of the city. Tesla Inc. is pulling back after a rapid expansion. Almost a quarter of commercial office space is vacant, and nowhere in the country have residential real estate prices fallen further from their pandemic peak.
In a conference room of the run-down headquarters of Brazilian retailer Americanas SA, Camille Loyo Faria agrees that the office has seen better days.
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