Business - Brazil
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 first-quarter results for 2024.
Located in Belo Horizonte, Brazil, the group is a pivotal steel producer...
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, Mato Grosso do Sul.
Announced in...
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...
Brazil Expands Oil Reserves to Highest Level Since 2015
In 2023, Brazil recorded its highest oil reserves since 2015, achieving 15.9 billion barrels. This 7% increase over last...
Brazil on Its Way to Becoming a Global Leader in Sustainable Aviation Fuel
In Brazil's lush sugarcane fields, a sustainable revolution in aviation fuel production is rapidly gaining significant momentum.
This movement positions Brazil to become a global...
Industrial Sector Shows Production and Job Increases in Brazil
On March 19, the National Confederation of Industry (CNI) released a survey showing a March increase in industrial production...
Brazil’s Average Income Rises Significantly in 2023
In 2023, Brazil's average monthly household income per capita saw a notable increase of 11.5%, rising to R$1,848 ($352).
This...
Brazil Eyes Argentine Gas Amid Regional Collaboration
Brazil plans to deepen its energy ties with Argentina, aiming to import three million...
World Bank Commits $7 Billion Annually to Brazil
The World Bank Group (WBG) pledges to invest $7 billion annually in Brazil's development until...
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...
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