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Brazil

Wheat is Brazil’s biggest challenge, says agriculture minister

The Minister of Agriculture, Livestock and Supply, Marcos Montes, said that wheat is "the biggest challenge facing Brazil and...

Brazil’s tax revenues through August at US$274 billion are the highest in the country’s...

In August, Brazil's federal government tax revenues totaled R$172.3 billion (US$32 billion). This is the...

Brazil’s Nubank reaches 70 million customers in Latin America

Nubank has reached the mark of 70 million customers in Latin America. According to a report on Monday, September 26, 66.4 million are in...

Forecast shows Brazil experienced deflation of 0.37% in September

According to the Brazilian Institute of Geography and Statistics (IBGE), Brazil experienced deflation in September or a 0.37% decline...

Brazil will grow more than expected in 2022, says...

The Organization for Economic Cooperation and Development (OECD) raised its estimate for Brazil's economic growth in 2022 to 2.5%. This...

Brazil: Soybean productivity in this crop could be 17% higher, says consulting firm

AgResource Brazil, a subsidiary of the North American AgResource Company, has released its estimate...

High-income Brazilians prefer to buy luxury ships than mansions, says Ferretti

For the Italian group Ferretti, a traditional manufacturer of luxury ships, which has more than 60 years of history and went public this year on the Hong Kong Stock Exchange, Brazil is not only an...

IDB confirms removal of Claver-Carone as president following accusations

On Monday, the Inter-American Development Bank (IDB) voted to remove Mauricio Claver-Carone from his position as president of the international organization, effective immediately, according to an official statement. "Mauricio Claver-Carone will resign as president of the...

Spending by foreign tourists in Brazil rises 84% from January to July

Spending by foreign tourists in Brazil from January to July this year amounted to more than US$2.7 billion (about R$14.5 billion at today's exchange...

Pound reaches lowest value against the dollar in 30 years; the real loses 2.5%

The foreign exchange market started the last week of September with intense fluctuations. On Monday (26th), the dollar rose 2.53% against the real, trading at R$5.38. In turn, the pound sterling is trading at US$1.06, a level...

17-year-old Brazilian violinist wins international competition in Austria

On Sunday, September 25, the 17-year-old Brazilian violinist, Guido Sant'Anna, won the 10th edition of the Fritz Kreisler international competition, in Vienna, Austria. Sant'Anna is from Parelheiros, in São Paulo City's South Zone. He thrilled the...