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Brazil’s Ibovespa Falls as Petrobras Leadership Shift Rattles Markets
The Brazilian stock market faced turbulence as shares of Petrobras plunged, dragging down the Ibovespa, despite favorable economic news from the United States.
This market...
Brazil’s Economic Activity Index Down 0.34% in March, Below Expectations
The Brazilian Central Bank's Economic Activity Index (IBC-Br) revealed an unexpected drop in March 2024, surprising analysts.
The index fell by 0.34% compared to February....
Brazil’s Porto’s Profit Soars by 90.2% in First Quarter
Porto, formerly Porto Seguro, reported a net profit of R$ 651 million ($126.3 million) for the first quarter. This marked a 90.2% increase from...
Brazil Projects Lower Grain Production for 2024
Brazil, one of the world's largest grain producers, forecasts a grain production of 299.6 million tons for 2024.
This represents a 5.0% decrease from 2023's...
Brazil’s Supreme Court President Advocates for A.I. in Judicial Decisions
Brazil's Supreme Court President, Luís Roberto Barroso, sparked intrigue by advocating for artificial intelligence (AI) in the judiciary.
He suggested AI might eventually draft court...
Shifting Tides in Brazil’s Economic Policy: The Final Cuts
(Analysis) The latest update from Brazil's Monetary Policy Committee (Copom) indicates the nearing end of the interest rate reduction cycle.
Expectations are setting the stabilization...
Brazil’s B3 Posts Strong April Trading and Revenue Growth
On May 13th, B3 (B3SA3), the Brazilian stock exchange operator, released its April operational data, revealing noteworthy performance metrics.
The average daily trading volume of...
Flood Crisis in Rio Grande do Sul Threatens Brazil’s Economic Stability
In Rio Grande do Sul, a state pivotal to Brazil’s economy, catastrophic floods are unraveling years of progress.
This region, responsible for 6.5% of the...
Brazilian Services Sector Grows by 0.4% in March
In March, the Brazilian services sector grew by 0.4% compared to February, following seasonal adjustments.
This growth comes after a 0.9% decline in February, which...
Vinicius Junior Leads as Most Valuable Brazilian Footballer
Vinicius Junior, a top candidate for the best player globally, leads the list of most valuable Brazilian footballers.
The Real Madrid and Brazil national team...
Brazil’s Raízen Sees Significant Q1 2024 Loss
Raízen (RAIZ4) reported an adjusted net loss of R$ 178 million ($34.56 million) for the first quarter of 2023/2024.
This marks a significant downturn from...
Brazil Suspends Rio Grande do Sul’s Debt for Three Years to Aid Reconstruction
Brazilian President Luiz Inácio Lula da Silva announced on Monday a three-year suspension of debt payments for Rio Grande do Sul.
This southern state faces...
Ibovespa Climbs as Brazil Faces Economic and Natural Challenges
On a day buzzing with economic forecasts and policy deliberations, Brazil's Ibovespa index ascended, closing up by 0.44% at 128,154 points, reflecting a surge...
Brazil’s BTG Pactual Shines with Record Profits in Challenging Times
BTG Pactual (BPAC11) started 2024 strongly, recording a net profit of R$2.9 billion ($568.6 million) in the first quarter, up 27.7% from last year.
The...