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Business - Brazil

BYD Announces Major Investment Increase in Brazil

In a bold move to widen its international presence, the Chinese electric vehicle powerhouse BYD boosts its investment in Brazil by 83%, reaching 5.5...

Brazil Continues Economic Uplift

Brazil's economy experienced a notable uplift, with GDP growing by 0.6% in January, marking the fifth consecutive month of growth. This growth, monitored by the Central Bank's IBC-Br index, signals a healthy economic trajectory. The index...

Brazil’s Industrial Goods Face a Tax Burden 28 Times Europe’s Rate

Febrafite, the esteemed national association of state tax auditors in Brazil, has highlighted the stark contrast between Brazil and Europe regarding tax accumulation. Their comprehensive...

Brazil’s Stock Market Agenda March 18-22

The Brazilian stock market is gearing up for an eventful week, with major companies...

Brazil’s Job Market Soars in January 2024

In January 2024, Brazil saw a remarkable job creation surge, adding 180,400 formal positions. This doubled the previous year's figure,...

Brazil’s Tourism Sector Achieves $38 Billion Revenue in 2023

In 2023, Brazil's tourism industry reported a 7.8% increase, generating R$ 189.4 billion ($38 billion) despite uncertainties about the future of the PERSE program. December...

Brazil’s IPCA and U.S. CPI Inflation Data Take Center Stage This Week

This week, from March 11 to 15, the spotlight is on Brazil's IPCA and the U.S. CPI, key inflation...

Petrobras Weathers Dividend Cut and Market Value Drop

On March 8, 2024, Petrobras experienced a significant loss in market value, dropping R$55.3 billion ($11 billion) within a...

Petrobras Dividend Proposals for Q4 2023

Petrobras (PETR4) on Thursday outlined plans to issue regular and extraordinary dividends for the...

Drought Risks Impact on Brazil’s Sugarcane and Worldwide Sugar

Brazil faces an expected shortfall in sugarcane harvest next month, with dry conditions posing a...

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...