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Business - Brazil

Trafigura Admits to a Decade of Bribery in Brazil

Trafigura Group has confessed to a decade-long bribery operation in Brazil, spotlighting the pervasive corruption within global commodity trading. This acknowledgment is part of a...

Lula Counters Popularity Dip with Small Business Credit Boost

Brazil's President Luiz Inácio Lula da Silva's administration is launching a credit plan for small businesses. It includes low-interest loans for microenterprises and MEIs, Pronampe debt renegotiation, and favorable terms for women-led firms. Estadão reports these...

Brazil’s Record Job Growth in February 2024

In February 2024, Brazil set a significant milestone by creating 306,100 formal jobs, a 21.2% increase from the previous year, making it the third-highest...

Brazil’s Batista Siblings Back on JBS Board

Brazil's JBS welcomed Wesley and Joesley Batista back onto its board, expanding it to...

Chinese Investment Boosts Brazil’s Northeast

Northeast Brazil, known for its economic challenges, is now seeing a bright future thanks to Chinese investment. A recent seminar...

Brazil’s 2024 Interest Rate Outlook Turns Hawkish

Brazil's Central Bank unanimously cut the Selic rate to 10.75% after price trends prompted a sixth consecutive reduction, aligning with analysts' expectations. However, its Monetary...

Thursday’s Morning Call: A Look Back Amid a Quiet Economic Agenda

Today's morning call indicates a quiet day for significant market events, leading investors to focus on recent interest rate...

Brazil’s JBS Faces International Pushback on U.S. Stock Listing

JBS, the global leader in animal protein production, is striving for a New York Stock Exchange listing, a move...

Shifting Tides: Brazil Sees Capital Outflow as U.S. Rates Soar

Foreign investors have pulled out R$694 million ($138.8 million) from Brazil's B3 stock market,...

Brazil Continues Economic Uplift

Brazil's economy experienced a notable uplift, with GDP growing by 0.6% in January, marking the...

Brazil’s Industrial Goods Face a Tax Burden 28 Times Europe’s Rate

Febrafite, the esteemed national association of state tax auditors in Brazil, has highlighted the stark contrast between Brazil and...