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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...