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Brazil

JBS Exceeds Expectations Despite Market Challenges

In a notable first-quarter turnaround, JBS achieved a profit of R$ 1.6 billion ($310 million), reversing the losses from the previous year. Brazil-based JBS is...

Brazil’s Supreme Court President Advocates for A.I. in Judicial Decisions

Brazil's Supreme Court President, Luís Roberto Barroso, sparked intrigue by advocating for artificial intelligence (AI) in the judiciary. He suggested AI might eventually draft court rulings. At a J20 meeting in Rio de Janeiro, attended by...

Political Pressure Forces Petrobras CEO Prates Out

On Tuesday evening, Petrobras (PETR4) announced that CEO Jean Paul Prates requested an early termination of his tenure. Prates, appointed by President Luiz Inácio Lula...

Shifting Tides in Brazil’s Economic Policy: The Final Cuts

(Analysis) The latest update from Brazil's Monetary Policy Committee (Copom) indicates the nearing end...

Nubank Sees Profit Surge Amid Rising Delinquencies and Expansion

Nubank reported a net profit of $378.8 million in the first quarter of 2024, marking a 167% increase from...

GOL’s Revenue Falls, Posts Significant Q1 Loss

Brazil's GOL Linhas Aéreas reported a substantial net loss of R$ 130.2 million ($25.29 million) in Q1 2024. This marks a sharp reversal from the...

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...

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...

Petrobras Faces Significant First Quarter Profit Drop

Petrobras, Brazil's state-owned oil giant, reported a significant 37.9% decline in net profit for...

ECLAC Describes Latin America as Trapped in a Development Crisis

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

Majority of Brazilians Oppose Another Term for Lula in 2026

A recent Quaest poll reveals that a significant portion of Brazilians do not support President Luiz Inácio Lula da...