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Standard & Poor’s cuts Brazil’s outlook to negative

Published

9 years ago

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Brasilia: US credit ratings agency Standard & Poor’s (S&P) has lowered its forecast for Brazil’s foreign currency debt from stable to negative while maintaining the country’s long-term rating at BBB-.

The move will do little to restore ailing hopes that Brazil’s economy will soon turn around, given the Brazilian Real’s recent plummet against the US dollar and the fact that BBB- rating is the last notch in S&P’s scale of investment recommendation, reported Xinhua news agency.

At the same time, S&P reaffirmed Brazil’s A-3 qualification on short-term foreign-currency debt, the BBB+ rating on long-term local currency debt, and A-2 for short-term local currency debt.

In a note announcing these facts on Tuesday, S&P declared that “a significant political correction had taken place during the second term of President Dilma Rousseff” but that “Brazil was still facing difficult political and economic circumstances”.

“The number of corruption investigations into certain companies and politicians is weighing ever more heavily on Brazil’s political and financial outlook, putting at risk the effective implementation of this policy, particularly in Congress,” read the note.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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