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Business - Brazil

Insights into Brazil’s April Inflation Slowdown

In April, inflation in Brazil experienced a significant deceleration, as evidenced by the IPCA-15 index, which rose by just 0.21%. This rise fell short of...

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 Memorandum of Understanding (MoU) is aimed at deepening cooperation in the natural gas sector. Moreover, the...

Petrobras Delivers Record Dividends in 2023

Today, Petrobras announced a groundbreaking total shareholder payout for 2023 of R$94.35 billion ($18.32 billion). This included R$22 billion ($4.27 billion) in extraordinary dividends, setting...

Vale Faces Challenges Yet Holds Steady in Q1

In the vast landscapes of Brazil, where nature’s bounty runs as deep as the...

Brazil Tops Latin America as the Prime Destination for...

Brazil has emerged as a major player for global investments, establishing itself as the top choice for foreign capital...

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 challenged the financial pressures dominated...

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...

Batista’s $4.8 Billion Eldorado Venture Boosts Brazil’s Agribusiness

Eldorado Brasil Celulose has launched a significant R$25 ($4.81) billion investment for a new...

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...

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...