No menu items!

Business - Brazil

Brazil’s Digital Currency Dreams: The Journey of Drex Amidst Privacy Puzzles

In a world buzzing with digital innovation, Brazil's central bank digital currency (CBDC), Drex, is making headlines. Though recently delayed, Brazil's leading banks remain upbeat...

Brazilian Meat Titans Thrive Amid Market Downturn

In 2024, despite the Brazilian stock market's tough year with the Ibovespa falling about 8.5%, the meat industry shows remarkable growth. BRF (BRFS3), Marfrig (MRFG3), and JBS (JBSS3) shine bright. Their stocks surged by 37.8%,...

ConocoPhillips to Acquire Marathon Oil in Major $17 Billion Deal

ConocoPhillips is set to acquire Marathon Oil for $17 billion in an all-stock deal, marking a major consolidation in the U.S. oil and gas...

Brazil’s Service Sector Confidence Declines in May: Economic Implications

The Service Confidence Index (ICS) dropped by 0.6 points in May, reaching 94.2 points. This...

Cosan’s Improved Results in Q1 2024

Cosan (CSAN3) recently reported a substantial decrease in its net loss to R$192.2 million ($37.17 million) for Q1 2024. This...

Ibovespa’s Small Gain Ends Six-Day Losing Streak

The Ibovespa, Brazil's main stock index, saw a slight increase on Monday, a gain that ended a streak of six consecutive losses. The index rose...

Brazil Emerges as Top Market for Chinese Electric Vehicles

Brazil recently outpaced Belgium, becoming the premier market for Chinese electric and hybrid vehicles. This change is part of a...

Global Tensions and Economic Policies Propel Gold to Record Prices

Amid rising geopolitical tensions and economic shifts, gold prices have reached unprecedented heights, recently surpassing $2,400 per troy ounce. Projections...

Monday’s Morning Call: U.S. Quiet Day Turns Eyes to Brazil’s Financial Forecast

With the U.S. market quiet due to a holiday, attention shifts solely to Brazil's...

Brazil: The Oil Exporting Giant That Needs to Import Fuel

(Background) In 2006, Petrobras announced Brazil's oil self-sufficiency, noting that the country produced as much...

Financial Whirlwind: Brazil’s Market Faces a Week of Declines and Dollar Gains

This week, Brazil's financial scene saw significant swings, with the Ibovespa index dropping 3% and the U.S. dollar rising...