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.
Brazil’s Mining Income Drops in 2023
In 2023, Brazil's mining sector saw a slight income decrease, earning 248.2 billion reais ($49.8 billion).
This represented a 0.7% reduction from the previous year....
Ibovespa Edges Higher Amid Corporate News
On Monday, the Ibovespa index saw gains, moving against Wall Street's downward trend despite Vale's share decrease.
It closed up 0.37% at 127,650.82 points ($25,530.16),...
Fed Chair Comments Drive Dollar Up in Brazil
On Monday, the US dollar saw gains against the Brazilian real, briefly exceeding 5.00 reais.
This spike followed comments from Federal Reserve Chair Jerome Powell...
Navigating Investment Risks Across Latin America
In 2023, companies worldwide faced a global default risk that slightly exceeded level 2, categorizing it as Medium Risk, according to standardized risk assessment...
Foreign Investment Slump Hits Brazil, as Public Debt Soars
In 2023, Brazil witnessed a $12.6 billion decline in foreign investments, reducing the total to $62 billion.
This drop decreased the investment's Gross Domestic Product...
Sharp Rise in Brazilian Business Bankruptcy Requests
In 2023, 1,405 companies in Brazil sought judicial recovery, a 68.7% increase from the previous year.
Small businesses made up 939 of these applications. Additionally,...
OECD Maintains its Economic Growth Forecast for Brazil
The OECD predicts Brazil's economy to grow by 1.8% in 2024 and 2% in 2025, showing a slight slowdown from the 3.1% growth in...
Brazil Bolsters Economy with Reserves
Last year, Brazil boosted its international reserves to $355 billion, up 9%.
This move strengthens the country's financial stability, ensuring it can meet international payments.
Such...
Weekly Economic Events and Indicators in LatAm: Feb 5 – Feb 9, 2024
This week, the spotlight is on the release of January's Consumer Price Index (CPI) data for Brazil, Chile, Colombia, and Mexico.
Mexico may see an...
2023 Gold Demand Peaks Amid Global Uncertainties
The Global Gold Council's 2023 report unveils gold demand dynamics, with senior analyst Louise Street predicting ongoing conflict's impact.
The report suggests that trade tensions...
Petrobras Hits Record Market Value
Brazilian oil firm Petrobras reached a new valuation high of R$ 552 billion ($112 billion) due to strong growth and rising share prices.
PETR3 shares...
Lula’s Green Auto Investment in Brazil
Brazil's President Lula da Silva has launched a groundbreaking initiative targeting an eco-friendly transformation of the nation's auto industry.
He announced an investment of 41...
Brazil Achieves Record Oil and Gas Output in 2023
Brazil's oil and natural gas production hit a record high of 4.344 million boe/d in 2023, up 11.69% from 2022.
This milestone marked the first...
Ibovespa Falls on US Rate Cut Delays
The Ibovespa dropped 1.01% on Friday, totaling a 1.38% decrease for the week. Strong US job data fueled this decline, hinting at unlikely early...