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Brazil

Usiminas Gains Most from Steel Trade Protection in Brazil

Brazil's government recently raised the import tariff on steel to 25% for selected products, positioning Usiminas, Brazil's largest steel producer, to potentially thrive. As global...

Latin America’s Gold Reserves: A Shield Against Economic Shocks

As Middle East tensions escalate, the allure of gold has soared, with its price reaching a peak of $2,400.67 per ounce. This significant 1.2% rise highlights a surging demand for stability. Globally, the United States...

Google Halts Political Ads Ahead of Municipal Elections in Brazil

In a significant move, Google declared that it would block political advertisements for the forthcoming October municipal elections. This announcement on Wednesday aligns with the...

Strategic Steel Quotas: Brazil’s New Economic Defense

The Brazilian government has introduced a 25% surcharge on steel imports that surpass established...

Corporate Moves in Brazil: Updates on WEG, Neoenergia, and...

Brazilian companies are actively transforming the business environment with a series of bold steps. WEG infused R$1 billion (approximately $194...

Brazil’s Tax Revenue Hits Historic Peak

In March 2024, Brazil's federal revenue hit a record R$190.6 billion ($37.37 billion), the highest since 1995. This 7.22% real increase from the previous year...

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...

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...

Sâo Paulo Governor Tarcísio de Freitas Warns of Brazil’s Looming Fiscal Crisis

Governor Tarcísio de Freitas of São Paulo recently shed light on a pressing concern...

Brazil’s Central Bank Chief Signals Possible Shift Amid Inflation Concerns

At a finance event in São Paulo, Roberto Campos Neto, President of Brazil's Central Bank,...

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,...