Richard Mann
Richard Mann is a German native and has worked as a freelance journalist for many years. He travels all over Brazil and is mainly interested in business, art, and culture and also likes to write articles about spiritual topics and unusual events.
Troyjo resigns as president of the BRICS Bank and opens the way for Dilma Rousseff
Marcos Troyjo, president of the BRICS Bank (NDB), resigned on Friday, Mar. 10. President Lula will nominate Dilma Rousseff to lead the financial institution.
In...
Bankruptcy of SVB and Signature bank: US sets aside US$25 billion to pay customers
The Fed (Federal Reserve), the US Treasury, and the FCDI (Federal Credit Insurance Corporation) announced this Sunday (Mar. 12) the creation of a new...
Brazilian Stock Exchange ends the trading session with a 2% high
The main index of the São Paulo Stock Exchange (B3), Ibovespa, ended the trading session on Wednesday, Mar. 8, up 2%, at 106 thousand...
Brazil’s Ibovespa index closes down, driven by the North American market
The Ibovespa, the main index of the Brazilian Stock Exchange (B3), ended the day on Tuesday down 0.45%, at 104,000 points.
On the other hand,...
Brazil begins trials for its own CBDC, the digital real
Brazil yesterday started the pilot project to create the digital real, the country's future official virtual currency (CBDC), the Central Bank announced.
According to the...
Inflation in Uruguay slows down to 7.55% year-on-year
Inflation in Uruguay moderated to 7.55 percent in the mobile year ending in February, informed the National Statistics Institute (INE) yesterday, Friday.
The increase of...
Brazil’s President calls for more investments in the country, that is already a champion for foreign investment
Brazil's President Luiz Inácio Lula da Silva said Thursday that more investment is needed for the country's economy to thrive after it was learned...
With new attack against central bank, Lula claims Brazil will slide into credit crisis if interest rate is not lowered
Although Roberto Campos Neto, the head of Brazil's central bank, was named Latin America's Central Banker of the Year in 2022 and is widely...
Brazil sets new oil production record in January with 3.274 million barrels a day
Brazil beat its oil production record in January, achieving an average of 3.274 million barrels per day.
This was 6.5 percent more than in December...
Brazil’s GDP grew 2.9% in 2022, but economy slowed in 4th quarter
The Brazilian GDP grew 2.9% last year, show data from the Brazilian Institute of Geography and Statistics (IBGE) released on Thursday (Mar. 2).
And in...
Petrobras reached record profit of US$36 billion in 2022
Petrobras reached a record net profit of R$ 188.3 (US$36.3) billion in 2022, according to the report released Wednesday night (Mar. 1). The amount...
Uruguayan exports fall 8% in February, record trade with Brazil
Uruguay's exports of goods recorded a year-on-year drop of 8 percent last February, totaling US$939 million, including free trade zones, the foreign trade promotion...
Brazil’s Lula government fails to control spending and starts to tax fuel again
Brazil's Lula government admits it cannot give up almost R$29 billion in PIS/Cofins (Brazilian VAT) that will be charged to those who fuel their...
Brazil’s beef exports to China more than doubled in 2022
The value of beef exports from Brazil to China more than doubled in 2022. They went from US$3.906 billion in 2021 to US$ 7.950...