Richard Mann
Richard Mann is a German native and has worked as a freelance journalist for many years. He travels all over Brazil and is mainly interested in business, art, and culture and also likes to write articles about spiritual topics and unusual events.
Today’s Morning Call: Trading Eyes on Petrobras
Traders focus today on Petrobras (PETR4) as its earnings loom, sparked by a R$30 billion ($8 billion) drop after hints of dividend cuts.
Yet, Petrobras...
Oil Prices Surge Amid Interest Rate Speculation and Saudi Pricing Strategy
Wednesday witnessed a notable increase in oil futures, influenced by anticipations around U.S. monetary policy.
Powell stated the Fed's plan for unchanged interest rates this...
Brazil’s Trade Surplus Hits $5.447 Billion in February
Brazil's trade balance saw a surplus of $5.447 billion in February, according to data from the Foreign Trade Secretary (Secex) released this Wednesday.
This figure...
Stellantis Unveils the Auto Industry’s Largest Commitment in Brazil
Stellantis announced a $6 (RS30) billion investment in Brazil for 40 new models by 2030, including its first hybrid cars.
Details for Betim, Porto Real,...
Brazil’s Industrial Sector Faces January Downturn
In January, Brazil's industrial sector faced a 1.6% decline in output compared to the previous month, indicating a challenge in the country's economic landscape.
The...
Surge in Brazil’s Service Sector: A Sign of Economic Optimism
In February, Brazil's service sector PMI soared to a 19-month high, indicating robust economic activity.
The index moved up from 53.1 in January to 54.6,...
Today’s Morning Call: An Eventful Economic Day
Today's financial briefing sets the stage for a bustling Wednesday filled with significant economic announcements.
Domestically, the focus sharpens on the release of February's IVAR,...
Lula’s Policy Shift Spurs M&A Among Brazilian Oil Companies
President Lula's halt of Petrobras's divestment strategy is set to ignite a wave of mergers and acquisitions (M&A) among Brazil's smaller oil entities, 'junior...
Gold Surges to Historic Peak Amid Rate Cut Predictions
Gold futures reached unprecedented heights last Monday, driven by speculation that the Federal Reserve may reduce interest rates later this year.
On this surge, the...
Brazil’s Central Bank Targets Simplification of Foreign Investments
The Central Bank of Brazil, led by Regulation Director Otavio Damaso, aims to streamline foreign portfolio investments.
Optimizing foreign exchange market operations is also a...
Unveiling 2024’s Latin American Stock Market Trends
In 2024, Latin America's stock markets will show varied trends. Brazil's Ibovespa and Mexico's S&P/BMV IPC index declined by 3.85% and 3.44% respectively.
Peru, Argentina,...
JPMorgan Foresees Up to 33% Decline in Bitcoin Value Post-April Peak
Bitcoin's recent excitement is partly due to new Bitcoin ETFs and an upcoming "halving" event in April. This event is set to slash the...
Week’s Highlights: Petrobras Earnings & U.S. Payroll
From March 4th to 8th, the economic scene spans Brazil and the U.S. In Brazil, the focus is on Petrobras' fourth-quarter results, due Thursday,
In...
Brazilian Banks’ Profits Climb to $21 Billion in 2023
In 2023, Brazil's top banks, including Itaú Unibanco, Caixa Econômica Federal, and Banco do Brasil, saw their profits rise by 1.9% to $21.21 (R$107.5)...