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Business - Brazil

World Bank Commits $7 Billion Annually to Brazil

The World Bank Group (WBG) pledges to invest $7 billion annually in Brazil's development until the year 2028. This funding includes $2 billion from the...

Steady Rise in Brazil’s Economic Activity

February saw the fourth straight month of growth for the Brazilian Central Bank's Economic Activity Index (IBC-Br), a precursor to GDP. The index rose by 0.40% from January, with adjustments for seasonal influences, continuing its...

The Brazilian Real Faces Steepest Depreciation Globally in April

April 2024 has been a challenging month for the Brazilian Real, which saw the sharpest depreciation globally against the dollar. By April 16, the Real...

Vale’s Production Dynamics in Early 2024

In the first quarter of 2024, Vale, a titan in Brazilian mining, unveiled a...

IMF Adjusts Economic Growth Predictions for Brazil and Major...

The International Monetary Fund (IMF) forecasts Brazil's economic growth will modestly increase to 2.2% in 2024. This marks an adjustment...

Mercado Libre’s $4 Billion Brazilian Bet, Creating 6,500 Jobs

Mercado Libre, the titan of Latin American digital commerce, has unveiled a bold initiative to strengthen its Brazilian segment. With an impressive investment of 19...

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...

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...

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...

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...

Shifting Tides in Brazil’s Trade Balance

Bank of America predicts a shift in Brazil's trade dynamics for 2024, foreseeing a slowdown from the record trade...