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.
October Surge in Brazilian Farming Exports
In October 2023, Brazil's agribusiness sector showcased its global impact, exporting $13.4 billion worth of goods.
This figure, though 2.3% lower than the previous year's...
Brazilian Stocks: A Week of Contrasts Amidst Global Cues
This week, the Ibovespa index, representing Brazil's stock market, closed at 125,517 points, marking a 0.60% weekly increase.
The market reacted to diverse stimuli, both...
Significant Drop in Lithium Prices Shakes Industry
Lithium, a key component in electric vehicle batteries, has experienced a dramatic 75% price drop this year.
The decline, extending over nearly a month, reflects...
Swiss Bank Foresees Continued Drop in Oil Prices
Swiss bank Julius Baer predicts a further decline in oil prices below $80, indicating a bearish trend, in their November 23, 2023 analysis.
Julius Baer,...
Brazil Sees Steel Production Dip in 2023
From January to October 2023, Brazil's crude steel production declined by 8.1%, totaling 26.6 million tons.
In contrast, during the same period in 2022, production...
Petrobras Targets $102 Billion Investment in Five-Year Plan
Petrobras, Brazil's state-run oil company and Latin America's largest oil firm has set a bold goal to invest $102 billion from 2024 to 2028.
This...
Brazil Stock Exchange Climbs Amidst US Holiday
On Thursday, the Ibovespa (IBOV) experienced a notable rise as investors concentrated on the Eurozone's economic data throughout the day.
The Thanksgiving holiday in the...
Brazil’s Deficit Soars, Far Surpassing Initial Promises
Under the Lula government, the $10 billion surplus achieved by the Bolsonaro administration in 2022, the best since 2013, was depleted within a year.
On...
Panama’s Economic Surge
Panama's economy grew by 8.7% in the first eight months of this year, a noteworthy achievement.
The National Institute of Statistics and Census (INEC) provided...
Milei announces shock adjustment of 15% to Argentina’s GDP
Javier Milei, Argentina's newly elected president, declared a bold plan on Tuesday to overhaul the country's economy.
He announced a "shock adjustment" of 15% to...
Brazilian Ibovespa Index Rises, Observing U.S. Economy
On Wednesday, the Ibovespa, Brazil's stock index, showed a notable increase.
Investors are keenly analyzing comments from Roberto Campos Neto, Brazil's Central Bank President.
They are...
Brazil’s Path to Lower Interest Rates
Roberto Campos Neto, President of Brazil's Central Bank, asserts that Brazil's interest rates are restrictive enough to allow further cuts.
He notes that while long-term...
Brazil’s Soybean Planting Delays Raise Market Concerns
Brazil's soybean planting delay for the 2023/24 season is increasingly alarming the market. Investors and exporters fear reduced productivity may lead to lower soybean...
Brazil Adjusts 2023 GDP Growth Down to 3%
The Brazilian Ministry of Finance has lowered its 2023 GDP growth forecast for the country from 3.2% to 3%.
For 2024, the growth estimate is...