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Business - Brazil

Lingering Dispute: Rejected Compensation Offer in Mariana Tragedy

Nearly a decade after the Mariana dam disaster, Vale and BHP Billiton, partners in Samarco, are at risk of having their R$127 billion ($25...

Brazil’s Economy Faces Trade Deficit, Yet Investment Remains Strong

In March 2024, Brazil recorded a substantial external accounts deficit of $4.6 billion, the highest for this month since 2021. This information, released by Brazil's Central Bank on May 2, 2024, outlines a significant shift...

Brazil Nears Investment Grade with Moody’s Positive Outlook

Moody's recently upgraded Brazil's credit outlook from stable to positive while maintaining its Ba2 rating. This adjustment, first set in February 2016, places Brazil tantalizingly...

Brazil’s Early 2024 Job Surge: Over 719,000 New Positions

In the first quarter of 2024, Brazil witnessed a remarkable job market surge, adding...

Economic Expectations in Brazil Hit Lowest Since 2015 Amid...

In April, Brazil's Economic Uncertainty Index (IIE-Br) rose 2.7 points to 106.5, as reported by the Getulio Vargas Foundation...

Brazil: $25 Billion Settlement Offered in 2015 Mariana Tragedy

In November 2015, a dam failure in southeastern Brazil’s Minas Gerais, operated by Samarco—a Vale and BHP venture—resulted in a catastrophic event. Near Mariana, the...

Why Brazil’s Selic Might Not Go Far Below 10% Despite Hopes to The Contrary

(Analysis) Amid global and local fiscal pressures, Brazil may end its monetary easing, with the Selic rate potentially stabilizing...

Mercado Libre Channels Major Investment into São Paulo’s Economy

In 2024, Mercado Libre will inject R$ 8 billion ($1.57 billion) into São Paulo, representing 35% of its R$23...

Strategic Debt Overhaul Boosts Casas Bahia’s Liquidity

Casas Bahia, a major Brazilian retailer, has faced economic downturns and tough market competition,...

Insights into Brazil’s April Inflation Slowdown

In April, inflation in Brazil experienced a significant deceleration, as evidenced by the IPCA-15 index,...

A Strategic Energy Alliance in South America

In a key move to boost regional energy stability, Brazil's Petrobras signed a pioneering agreement with Argentina's Enarsa. This three-year...