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Business - Brazil

Brazil Eyes Argentine Gas Amid Regional Collaboration

Brazil plans to deepen its energy ties with Argentina, aiming to import three million cubic meters of natural gas daily from Vaca Muerta. Located in...

Petrobras Announces $73 Billion Boost for Oil Exploration and Naval Revival

Brazil's state-controlled company, Petrobras, the largest enterprise in the nation, has announced a $73 billion investment plan. This substantial investment is directed towards expanding its oil exploration and production capacities. This funding promises to invigorate not...

World Bank Commits $7 Billion Annually to Brazil

The World Bank Group (WBG) pledges to invest $7 billion annually in Brazil's development until the year 2028. This funding includes $2 billion from the...

Steady Rise in Brazil’s Economic Activity

February saw the fourth straight month of growth for the Brazilian Central Bank's Economic...

The Brazilian Real Faces Steepest Depreciation Globally in April

April 2024 has been a challenging month for the Brazilian Real, which saw the sharpest depreciation globally against the...

U.S. Dollar Peaks Amid Brazil’s Fiscal Challenges

Amid geopolitical tensions, Brazil's fiscal challenges, and U.S. interest rate uncertainties, the dollar hit a high on April 16, 2024. It reached $5.2802, marking a...

Early 2024 Inflation Dynamics Across Latin America

In the first quarter of 2024, Latin America displayed a remarkably wide spectrum of varying inflation rates. Argentina recorded the...

Mercado Libre’s $4 Billion Brazilian Bet, Creating 6,500 Jobs

Mercado Libre, the titan of Latin American digital commerce, has unveiled a bold initiative to strengthen its Brazilian segment. With...

Brazil’s Aluminum Industry Achieves Self-Sufficiency Amid Global Shifts

In 2023, Brazil successfully regained self-sufficiency in aluminum production, recording a significant 24% increase...

Brazil’s Auto Industry Embarks on a Green Revolution With Investment Surge

Brazil's automotive industry is undergoing a substantial transformation with anticipated investments hitting R$125 billion ($25...

Brazilian Service Sector Shows Resilience Despite February Dip

In February 2024, Brazil's service sector faced a slight downturn, recording a 0.9% decline from the previous month, according...