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    Check out the main news from the newspapers this Friday

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    Read the main news in the newspapers and start the day well informed. (Image: FreePik)

    See top headlines newspapers this Friday (1st):

    Policy

    truck drivers
    The text approved by the senators creates an aid of R$1 thousand for truck drivers (Image: Reuters/Diego Vara)

    PEC for Fuels passed in the Senate with a state of emergency and BRL 41.25 billion in aid – The plenary of the Federal Senate approved on Thursday night (30) the text of the Proposed Amendment to the Constitution (PEC) of fuels. After changes, the approved text provides for the recognition of the state of emergency, a package of R$ 41.25 billion in aid and no transfer to states that reduce the ICMS applied to fuels. – Money Times

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    Bolsonaro tells Fox News that left is ‘desperate’ to return to power The State of São Paulo

    Campaign for president will have a spending cap of R$ 88 million – Economic value

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    Datafolha: Haddad leads in SP, followed by Rodrigo and Tarcísio tied – Folha de São Paulo

    Economy

    Ibovespa
    Ibovespa ends month with worst monthly drop since pandemic; See the stocks that saved themselves from bleeding (Image: Reuters/Amanda Perobelli)

    Ibovespa (IBOV): Only 4 stocks are saved from the worst monthly drop since 2020; see which – The Ibovespa ended the month in a melancholy way, with a drop of 1.08%, at 98,551.95 thousand points. In June, the stock market plummeted 11.51% and lost 100,000 points amid rising interest rates and fears of recession in the United States. It was the worst drop since March 2020, when the index recorded losses of almost 30% due to the coronavirus pandemic in Brazil. – Money Times

    High inflation challenges investors – Economic value

    States reduce ICMS on diesel from this Friday The State of São Paulo

    Smaller US soybean area benefits Brazilian producer – Folha de São Paulo

    Companies

    Méliuz
    The decline in the technology company’s shares can be explained by the deterioration of the macroeconomic scenario (Image: Méliuz/Linkedin)

    Ibovespa: Méliuz (CASH3) down 43% in June approaches share of R$ 1; see list of falls – Most of the stocks that make up the index ended June in the red, but one stock managed to be the negative highlight. With a devaluation of 43.16%, Méliuz (CASH3) led the list of Ibovespa declines in the month Money Times

    Fleury: ‘We want to advance in the intermediate and even low segment’, says president – Economic value

    Lopes doubled the number and total value of new projects last year The State of São Paulo

    Entities send a letter to Bolsonaro against change in the State-owned Law – Folha de São Paulo

    International

    nyse
    US investment grade corporate earnings more than doubled this year to 4.75%, but with the hedging (Image: REUTERS/Brendan McDermid)

    US corporate bonds sink but get expensive with hedging – That was the worst first half on record for US corporate bonds, which became much cheaper for everyone but a crucial group of investors: European and Asian asset managers. Currency protection has become more expensive for euro and yen-based investments thanks to the Federal Reserve’s aggressive monetary tightening campaign – Money Times

    Markets Post Worst First Half of a Year in Decades – The Wall Street Journal

    Can crypto contagion infect mainstream finance? – Financial Times

    Apple hikes prices on products in Japan, with iPhone 13 up 19% – Nikkei Asia

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    Disclaimer

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    Source: Moneytimes

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