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Business - Brazil

Brazil’s Aluminum Industry Achieves Self-Sufficiency Amid Global Shifts

In 2023, Brazil successfully regained self-sufficiency in aluminum production, recording a significant 24% increase to reach 1.006 million tonnes. This achievement, outlined by the Brazilian...

Brazilian Soy and Corn Exports in March 2024: Significant Yet Declining

In March 2024, Brazil's soy and corn exports totaled 14.8 million tons, down 14.6% yet still the second-highest March on record. The Farming Ministry MAPA noted that soybeans accounted for 14.4 million tons of the...

Brazil’s Auto Industry Embarks on a Green Revolution With Investment Surge

Brazil's automotive industry is undergoing a substantial transformation with anticipated investments hitting R$125 billion ($25 billion). Anfavea President Márcio de Lima Leite has highlighted a...

Brazilian Service Sector Shows Resilience Despite February Dip

In February 2024, Brazil's service sector faced a slight downturn, recording a 0.9% decline...

Brazil Feels the Squeeze as U.S. Maintains High Rates

(Analysis) As the United States continues to sustain high interest rates, the Brazilian economy faces increasing mounting challenges. This shift...

Brazil’s Petrobras Strikes Oil in Controversial Equatorial Margin

Yesterday, Petrobras, the national oil giant of Brazil, announced a groundbreaking oil discovery in the deep waters of the Potiguar Basin. This find, located at...

Brazil Braces for Inflation Spike Amid Steady Growth

On April 9, 2024, the Central Bank of Brazil's Focus report revealed forecasts of a rise in inflation for...

2023 Marks South America’s Lithium Production Milestone

In 2023, South America significantly boosted its lithium production, with Chile, Argentina, and Brazil leading the charge. This vital component,...

Global Trade and Investment Shifting Amid US-China Tensions, Says IMF

The IMF highlights a growing US-China trade divide, creating distinct US- and China-aligned economic...

Driving Forward: The Dual Faces of Brazil’s Automotive Sector

In March 2024, Brazil's automotive industry witnessed a 3.2% month-over-month increase in vehicle production, reaching...

Economic Freedom in Brazil: Call for Reforms

The 2024 Heritage Foundation's Index reveals Brazil ranks 124th among 184 nations with a 53.2 score, marking it as...