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Brazil

Latin American Millionaires on the Move

Political instability, social advantages, and opportunities to invest in stable economies are driving Latin American millionaires to migrate. High-net-worth individuals (HNWIs) from Brazil, Mexico, and...

Brazil’s Raízen Sees Significant Q1 2024 Loss

Raízen (RAIZ4) reported an adjusted net loss of R$ 178 million ($34.56 million) for the first quarter of 2023/2024. This marks a significant downturn from the adjusted net profit of R$ 2.522 billion ($489.13 million)...

Petrobras Faces Significant First Quarter Profit Drop

Petrobras, Brazil's state-owned oil giant, reported a significant 37.9% decline in net profit for the first quarter of 2024. The net profit fell to 23.7...

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...

ECLAC Describes Latin America as Trapped in a Development...

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

Construction Costs in Brazil See Highest Increase Since September 2022

In April 2024, Brazil's construction sector witnessed a significant and impactful shift in its operations. The National Civil Construction Index (Sinapi) escalated to 0.41%, a...

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...

Economic Revival: How Brazil’s Northeast Aims to Outpace National Growth

In Brazil, the Northeast is poised to reclaim its historic economic role. From 2026 to 2034, the region is...

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...

Brazil’s Robust Sugar Harvest Stabilizes Global Supply

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

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...