Business - Brazil
Brazil’s Industrial Sector: Fluctuating Fortunes in March
In March 2024, Brazil's industrial sector saw a modest increase of 0.9% from February, as reported by the Brazilian stats agency IBGE.
This uptick continued...
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 billion) compensation offer rejected.
The potential refusal would come from the...
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...
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...
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 719,033 formal jobs, as per...
Petrobras’s Q1 2024: Production Growth Amid Challenges
In Q1 2024, Brazil's Petrobras reported a production of 2.776 million barrels per day (bpe/d), a 3.7% increase from 2023.
Despite this, there was a...
Brazil: $25 Billion Settlement Offered in 2015 Mariana Tragedy
In November 2015, a dam failure in southeastern Brazil’s Minas Gerais, operated by Samarco—a Vale and BHP venture—resulted in...
Why Brazil’s Selic Might Not Go Far Below 10% Despite Hopes to The Contrary
(Analysis) Amid global and local fiscal pressures, Brazil may end its monetary easing, with the Selic rate potentially stabilizing...
Mercado Libre Channels Major Investment into São Paulo’s Economy
In 2024, Mercado Libre will inject R$ 8 billion ($1.57 billion) into São Paulo,...
Embraer’s Major Investment Enhances Brazil’s Aviation Industry
Embraer, recognized as the world’s third-largest aircraft manufacturer, unveiled a significant investment plan for 2024.
With...
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...
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