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Business - Brazil

São Paulo’s Economy Grows 3.2% in Early 2024

In January 2024, São Paulo's economy saw a 3.2% expansion from the previous year, according to insights shared by the Seade Foundation. Farms played a...

Trafigura Admits to a Decade of Bribery in Brazil

Trafigura Group has confessed to a decade-long bribery operation in Brazil, spotlighting the pervasive corruption within global commodity trading. This acknowledgment is part of a settlement with the U.S. Department of Justice in Miami, where...

Lula Counters Popularity Dip with Small Business Credit Boost

Brazil's President Luiz Inácio Lula da Silva's administration is launching a credit plan for small businesses. It includes low-interest loans for microenterprises and MEIs, Pronampe...

Brazil’s Record Job Growth in February 2024

In February 2024, Brazil set a significant milestone by creating 306,100 formal jobs, a...

Brazil’s Batista Siblings Back on JBS Board

Brazil's JBS welcomed Wesley and Joesley Batista back onto its board, expanding it to include 11 members, of which...

Rate Cuts Ahead: JPMorgan and UBS BB’s Forecasts for Brazil

Brazil's Central Bank is planning more interest rate cuts in 2024. JPMorgan and UBS BB, two big banks, see these cuts differently. Yet, both...

Brazil’s 2024 Interest Rate Outlook Turns Hawkish

Brazil's Central Bank unanimously cut the Selic rate to 10.75% after price trends prompted a sixth consecutive reduction, aligning...

Thursday’s Morning Call: A Look Back Amid a Quiet Economic Agenda

Today's morning call indicates a quiet day for significant market events, leading investors to focus on recent interest rate...

Brazil’s JBS Faces International Pushback on U.S. Stock Listing

JBS, the global leader in animal protein production, is striving for a New York...

BYD Announces Major Investment Increase in Brazil

In a bold move to widen its international presence, the Chinese electric vehicle powerhouse BYD...

Brazil Continues Economic Uplift

Brazil's economy experienced a notable uplift, with GDP growing by 0.6% in January, marking the fifth consecutive month of...