Business - Brazil
A Strategic Energy Alliance in South America
In a key move to boost regional energy stability, Brazil's Petrobras signed a pioneering agreement with Argentina's Enarsa.
This three-year Memorandum of Understanding (MoU) is...
Petrobras Delivers Record Dividends in 2023
Today, Petrobras announced a groundbreaking total shareholder payout for 2023 of R$94.35 billion ($18.32 billion).
This included R$22 billion ($4.27 billion) in extraordinary dividends, setting a new record in their financial dealings.
The company paid R$58.214...
Vale Faces Challenges Yet Holds Steady in Q1
In the vast landscapes of Brazil, where nature’s bounty runs as deep as the mines of Pará, Vale stands as a titan.
This global leader...
Brazil Tops Latin America as the Prime Destination for Foreign Investment
Brazil has emerged as a major player for global investments, establishing itself as the...
Strategic Steel Quotas: Brazil’s New Economic Defense
The Brazilian government has introduced a 25% surcharge on steel imports that surpass established quotas.
This measure aims to protect...
Brazil’s Lula Criticizes Financial Market Forces in Defiant Speech
In a compelling press briefing this Tuesday, President Luiz Inácio Lula da Silva openly challenged the financial pressures dominated by the U.S. dollar.
The event...
Usiminas Faces Economic Challenges in Steel Market
Usiminas, a major player on Brazil's Ibovespa stock index, saw a sharp 10% drop in its shares after releasing...
Batista’s $4.8 Billion Eldorado Venture Boosts Brazil’s Agribusiness
Eldorado Brasil Celulose has launched a significant R$25 ($4.81) billion investment for a new production line in Três Lagoas,...
Brazil’s Aviation Overhaul: Azul and GOL’s Merger to Command Skies
Brazil's aviation sector is poised for a major transformation with the proposed merger between...
Petrobras Proposes 50% Dividend Payout Amid Board Tensions
On Friday, the Petrobras Board of Directors proposed releasing 50% of their extraordinary dividends, which...
Carlos Slim’s $8 Billion Telecom Expansion in Brazil
Carlos Slim, the Mexican billionaire and founder of América Móvil, has committed $8 billion to reshape Brazil's telecom sector.
This...
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