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Brazil

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

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...

ECLAC Describes Latin America as Trapped in a Development Crisis

The Economic Commission for Latin America and the Caribbean (ECLAC) revised its 2024 growth forecast for the region to 2.1%, up from 1.9%. This update aligns with global forecasts but continues to portray modest regional...

Majority of Brazilians Oppose Another Term for Lula in 2026

A recent Quaest poll reveals that a significant portion of Brazilians do not support President Luiz Inácio Lula da Silva seeking another term in...

Renewed Flooding Threat Looms Over Rio Grande do Sul Amid Record Rainfall

Rio Grande do Sul, Brazil, faces a severe crisis as repeated floods threaten the...

Construction Costs in Brazil See Highest Increase Since September...

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

Brazil’s Response to Alleged Misinformation on Floods Raises Free Speech Concerns

(Analysis) Following President Lula's directive, Justice Minister Ricardo Lewandowski investigates accusations of misinformation about Rio Grande do Sul flood relief. This effort aims to counter...

Brazil Mobilizes Military in Major Flood Crisis

Brazil has responded to devastating floods by deploying over 20,000 military personnel in Rio Grande do Sul. This response, known...

Brazil’s Robust Sugar Harvest Stabilizes Global Supply

For the second year running, Brazil's sugar production has increased, promising to stabilize lower prices and alleviate shortages faced...

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...

Brazil Reaches Agreement on Payroll Tax Relief for Key Sectors

Minister Fernando Haddad and Senate President Rodrigo Pacheco agreed to continue payroll tax relief for...

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 the first quarter. This marked a...