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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...

Brazil’s Balneário Camboriú to Host World’s Tallest Residential Tower

In the scenic coastal city of Balneário Camboriú, Santa Catarina, a groundbreaking project is underway. The Triumph Tower is poised to redefine the city’s skyline, aiming to become the tallest residential building in the world...

Brazil and Colombia Push for Democratic Process in Venezuela

On Wednesday, April 17, 2024, Brazil and Colombia stood united in their support for a peaceful resolution in Venezuela. They advocated for a negotiated agreement...

World Bank Commits $7 Billion Annually to Brazil

The World Bank Group (WBG) pledges to invest $7 billion annually in Brazil's development...

Brazil’s Nuclear Energy Ambition

Brazil aims to revolutionize its energy sector, with Minister Alexandre Silveira spearheading efforts to establish a comprehensive nuclear production...

Rising Dollar Tightens Economic Challenges for Lula’s Government

(Analysis) The Brazilian Real has significantly weakened since the beginning of the year, culminating in the dollar peaking at R$5.268 on Tuesday, April 16. Economists...

Escalating Strains Between Brazilian Congress and Supreme Court Raise Alarms

(Analysis) In Brazil, tensions between Congress and the Supreme Court (STF) are escalating, drawing attention nationwide and beyond. Criticism has...

The Brazilian Real Faces Steepest Depreciation Globally in April

April 2024 has been a challenging month for the Brazilian Real, which saw the sharpest depreciation globally against the...

Vale’s Production Dynamics in Early 2024

In the first quarter of 2024, Vale, a titan in Brazilian mining, unveiled a...

U.S. Dollar Peaks Amid Brazil’s Fiscal Challenges

Amid geopolitical tensions, Brazil's fiscal challenges, and U.S. interest rate uncertainties, the dollar hit a...

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...