Business - Brazil
Strategic Steel Quotas: Brazil’s New Economic Defense
The Brazilian government has introduced a 25% surcharge on steel imports that surpass established quotas.
This measure aims to protect its domestic steel industry from...
Corporate Moves in Brazil: Updates on WEG, Neoenergia, and Cogna
Brazilian companies are actively transforming the business environment with a series of bold steps.
WEG infused R$1 billion (approximately $194 million) into its funds, boosting its total assets to R$7.504 billion (around $1.457 billion).
This move...
Brazil’s Largest Port Sees 15.9% Increase in Cargo Movement in Early 2024
In early 2024, the bustling Port of Santos in southeast Brazil, not only the largest in Latin America but also a vital hub for...
Brazil’s Lula Criticizes Financial Market Forces in Defiant Speech
In a compelling press briefing this Tuesday, President Luiz Inácio Lula da Silva openly...
Usiminas Faces Economic Challenges in Steel Market
Usiminas, a major player on Brazil's Ibovespa stock index, saw a sharp 10% drop in its shares after releasing...
Brazil Expands Oil Reserves to Highest Level Since 2015
In 2023, Brazil recorded its highest oil reserves since 2015, achieving 15.9 billion barrels. This 7% increase over last year is significant.
It marks the...
Petrobras Proposes 50% Dividend Payout Amid Board Tensions
On Friday, the Petrobras Board of Directors proposed releasing 50% of their extraordinary dividends, which amounted to R$43.9 billion...
Carlos Slim’s $8 Billion Telecom Expansion in Brazil
Carlos Slim, the Mexican billionaire and founder of América Móvil, has committed $8 billion to reshape Brazil's telecom sector.
This...
Brazil on Its Way to Becoming a Global Leader in Sustainable Aviation Fuel
In Brazil's lush sugarcane fields, a sustainable revolution in aviation fuel production is rapidly...
Brazil’s Average Income Rises Significantly in 2023
In 2023, Brazil's average monthly household income per capita saw a notable increase of 11.5%,...
Brazil Eyes Argentine Gas Amid Regional Collaboration
Brazil plans to deepen its energy ties with Argentina, aiming to import three million cubic meters of natural gas...
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