Brazil
Petrobras Delivers Record Dividends in 2023
Today, Petrobras announced a groundbreaking total shareholder payout for 2023 of R$94.35 billion ($18.32 billion).
This included R$22 billion ($4.27 billion) in extraordinary dividends, setting...
Madonna’s Spectacular Night in Rio Draws Record Crowd
On May 4th, Rio de Janeiro's famous Copacabana beach will transform into a massive concert venue for Madonna.
The city expects a record-breaking crowd of 1.5 million people, surpassing even its New Year's Eve gatherings....
Vale Faces Challenges Yet Holds Steady in Q1
In the vast landscapes of Brazil, where nature’s bounty runs as deep as the mines of Pará, Vale stands as a titan.
This global leader...
Brazil Tops Latin America as the Prime Destination for Foreign Investment
Brazil has emerged as a major player for global investments, establishing itself as the...
Usiminas Gains Most from Steel Trade Protection in Brazil
Brazil's government recently raised the import tariff on steel to 25% for selected products, positioning Usiminas, Brazil's largest steel...
Strategic Steel Quotas: Brazil’s New Economic Defense
The Brazilian government has introduced a 25% surcharge on steel imports that surpass established quotas.
This measure aims to protect its domestic steel industry from...
Corporate Moves in Brazil: Updates on WEG, Neoenergia, and Cogna
Brazilian companies are actively transforming the business environment with a series of bold steps.
WEG infused R$1 billion (approximately $194...
Brazil and South Africa Forge Stronger Ties
Brazil is ramping up its diplomatic efforts in Africa, a key region in President Luiz Inácio Lula da Silva’s...
Brazil’s Largest Port Sees 15.9% Increase in Cargo Movement in Early 2024
In early 2024, the bustling Port of Santos in southeast Brazil, not only the...
Brazil’s Lula Criticizes Financial Market Forces in Defiant Speech
In a compelling press briefing this Tuesday, President Luiz Inácio Lula da Silva openly challenged...
Usiminas Faces Economic Challenges in Steel Market
Usiminas, a major player on Brazil's Ibovespa stock index, saw a sharp 10% drop in its shares after releasing...
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