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Brazil

XP Reaches Record Financial Milestone in Q1

XP Inc. (XPBR31) has achieved a significant financial milestone, posting a first-quarter net profit of R$ 1.03 billion ($201 million) from January to March...

Green Gold Rush: Brazil’s Billion-Dollar Bet on Biofuels

Brazil is boldly and decisively shifting towards a more sustainable future, focusing on developing biofuels. In 2023, BNDES allocated R$2.6 billion ($510 million) to the biofuel sector, the largest investment in a decade. Additionally, they aim...

Cosmic Cooperation: Brazil and China’s Joint Leap into Space

The Brazilian Space Agency (AEB) and China's National Space Administration (CNSA) recently held their 7th Space Cooperation Subcommittee meeting. This event sets the stage for...

Brazil Exceeds Expectations with Record Tax Collection in April

In April 2024, Brazil's government collected a record R$228.87 billion ($44.89 billion), the highest...

Brazilian Elections 2024: Navigating the New Frontier of Party...

In 2024, Brazil's municipal elections will feature party federations at the local level for the first time. This marks...

Forging Ahead: Brazil’s Steel Sector to Pump $20 Billion into Future Growth

Brazil's steel industry has committed to an ambitious $20 billion investment by 2028, boosting economic growth. This initiative targets enhanced competitiveness, green manufacturing advances, and...

Stellantis to Boost Brazil’s Betim Operations with Multi-Billion Dollar Investment

Stellantis plans a substantial R$14 billion ($2.74 billion) investment to expand its Betim hub in Brazil. From 2025 to...

Dollar Stability Tests Market Nerves Before Fed Update

On Monday, the U.S. dollar hovered near stability, edging up merely 0.05% to close at 5.105 Brazilian reais. Despite starting...

Indian Tata Eyes Brazil as Central Hub For Latin America

Brazil and India, both pivotal in the Global South and as BRICS members, are...

Weekly Economic Updates: GDP in Peru, Mexico, Chile; Mexico’s Inflation

This week brings crucial economic updates for Peru, Mexico, and Chile, with their first-quarter GDP...

Brazil’s New Coastline Makeover: Neymar’s Caribbean Dream in the Making

A stunning 100-kilometer coastal belt between Alagoas and Pernambuco is set to transform into a real estate paradise. Known for...