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Brazil

Brazil’s Political Shift: A Conservative Resurgence

In early 2024, Brazil's National Congress, having turned to a more conservative stance, saw a significant political shift. Right-wing legislators gained ground, diminishing the influence...

Brazil Boosts Industry with New Tax Incentive

The Brazilian Senate approved a significant legislative project to rejuvenate the nation's industry. This new law enables companies to write off the cost of new machinery and equipment more quickly, reducing their taxes early on. First...

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 Caged data. This represented a 34%...

Brazil’s Public Debt Nudges Upward in March

In March 2024, Brazil observed a modest rise in its Federal Public Debt (FPD),...

Economic Expectations in Brazil Hit Lowest Since 2015 Amid...

In April, Brazil's Economic Uncertainty Index (IIE-Br) rose 2.7 points to 106.5, as reported by the Getulio Vargas Foundation...

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...

Brazil’s Call to G7: Empower Developing Nations

Yesterday, amid bustling international dialogues, Brazil stood firm at the G7's Climate, Energy, and Environment ministerial meeting. The nation, currently...

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...

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, representing...

Strategic Debt Overhaul Boosts Casas Bahia’s Liquidity

Casas Bahia, a major Brazilian retailer, has faced economic downturns and tough market competition, prompting significant financial restructuring. The company...