No menu items!

Business - Brazil

Brazilian Services Sector Grows by 0.4% in March

In March, the Brazilian services sector grew by 0.4% compared to February, following seasonal adjustments. This growth comes after a 0.9% decline in February, which...

GOL’s Revenue Falls, Posts Significant Q1 Loss

Brazil's GOL Linhas Aéreas reported a substantial net loss of R$ 130.2 million ($25.29 million) in Q1 2024. This marks a sharp reversal from the R$ 136.4 million ($26.48 million) profit reported in the same...

Brazil’s Raízen Sees Significant Q1 2024 Loss

Raízen (RAIZ4) reported an adjusted net loss of R$ 178 million ($34.56 million) for the first quarter of 2023/2024. This marks a significant downturn from...

Petrobras Faces Significant First Quarter Profit Drop

Petrobras, Brazil's state-owned oil giant, reported a significant 37.9% decline in net profit for...

Brazil’s BTG Pactual Shines with Record Profits in Challenging...

BTG Pactual (BPAC11) started 2024 strongly, recording a net profit of R$2.9 billion ($568.6 million) in the first quarter,...

March’s Mixed Fortunes in Brazil’s Industrial Landscape

In March 2024, Brazil's industrial regions painted a complex picture of growth and decline, as detailed by the IBGE Monthly Industrial Survey. While the national...

Robust Q1 Earnings for Major Brazilian Banks in 2024

In early 2024, Brazil's top four retail banks earned a remarkable R$26.3 billion ($5.16 billion), marking a 12.4% year-over-year...

Brazil’s Inflation Rises to 0.38% in April

Brazil's inflation rose to 0.38% in April, exceeding March's 0.16% but falling below April of last year's 0.61%. The Brazilian...

CPFL Gains as B3 Faces Quarterly Profit Drop

CPFL Energia (CPFE3) reported a substantial net profit of R$1.75 billion ($342.1 million) for...

Oi’s Q1 Losses Skyrocket 120% to $545 million

Oi, a major Brazilian telecommunications provider, faces a severe financial crisis while navigating its second...

Green Metals Drive Global Mining Consolidations

(Analysis) Renewable energy and electric vehicles are reshaping global markets, driving a major shift in mining towards strategic minerals. Elements...