Business - Brazil

President Luiz Inácio Lula da Silva has officially nominated Magda Chambriard to lead Petrobras, a critical company for Brazil's economy. Brazil’s state-owned oil company will...

The Brazilian Central Bank's Economic Activity Index (IBC-Br) revealed an unexpected drop in March 2024, surprising analysts. The index fell by 0.34% compared to February. This decline followed a 0.40% increase in February. The Central Bank...

In a notable first-quarter turnaround, JBS achieved a profit of R$ 1.6 billion ($310 million), reversing the losses from the previous year. Brazil-based JBS is...

In March, the Brazilian services sector grew by 0.4% compared to February, following seasonal...

Brazil's GOL Linhas Aéreas reported a substantial net loss of R$ 130.2 million ($25.29 million) in Q1 2024. This marks...

BTG Pactual (BPAC11) started 2024 strongly, recording a net profit of R$2.9 billion ($568.6 million) in the first quarter, up 27.7% from last year. The...

The Economic Commission for Latin America and the Caribbean (ECLAC) revised its 2024 growth forecast for the region to...

In April 2024, Brazil's construction sector witnessed a significant and impactful shift in its operations. The National Civil Construction Index...

In March 2024, Brazil's industrial regions painted a complex picture of growth and decline,...

Brazil's inflation rose to 0.38% in April, exceeding March's 0.16% but falling below April of...

CPFL Energia (CPFE3) reported a substantial net profit of R$1.75 billion ($342.1 million) for the first quarter. This marked a...