Business - Brazil
Petrobras Announces $73 Billion Boost for Oil Exploration and Naval Revival
Brazil's state-controlled company, Petrobras, the largest enterprise in the nation, has announced a $73 billion investment plan.
This substantial investment is directed towards expanding its...
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 International Bank for Reconstruction and Development (IBRD) and $5 billion...
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...
The Brazilian Real Faces Steepest Depreciation Globally in April
April 2024 has been a challenging month for the Brazilian Real, which saw the...
Vale’s Production Dynamics in Early 2024
In the first quarter of 2024, Vale, a titan in Brazilian mining, unveiled a notable 6.1% growth in iron...
Early 2024 Inflation Dynamics Across Latin America
In the first quarter of 2024, Latin America displayed a remarkably wide spectrum of varying inflation rates.
Argentina recorded the world's highest consumer price index,...
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...
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%...
Brazilian Service Sector Shows Resilience Despite February Dip
In February 2024, Brazil's service sector faced a slight downturn, recording a 0.9% decline from...
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...
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