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Brazil

CPFL Gains as B3 Faces Quarterly Profit Drop

CPFL Energia (CPFE3) reported a substantial net profit of R$1.75 billion ($342.1 million) for the first quarter. This marked a 6.3% increase from the same...

Brazilian Government and BID Launch Flood Recovery Measures in Rio Grande do Sul

On Thursday, Brazil's government announced an economic recovery package to assist Rio Grande do Sul following severe flooding. President Luiz Inácio Lula da Silva led these measures to address the devastating damage. The flooding claimed at...

Political Rifts and Rate Decisions: Brazil’s Central Bank at a Crossroads

(Analysis) Late one Wednesday evening, the Central Bank of Brazil subtly lowered the Selic rate from 10.75% to 10.50%. This modest adjustment, though minor, reveals...

The Rise of Congressional Authority in Brazil

(Analysis) In Brazil, 2013 marked a pivotal year as legislative reforms transformed the power...

Banco do Brasil Outperforms Expectations in a Volatile Financial...

In the dynamic world of 2024, Banco do Brasil (BBAS3) shows resilience and strategic adaptation. Despite a 1.5% quarterly dip...

Brazil’s Trade Surplus Climbs to $9 Billion in April 2024

In April 2024, Brazil's trade balance surged to an impressive surplus of $9.041 billion, rising 13.7% over the $8 billion surplus of April 2023. This...

Austria Aims to Boost Economic Ties with Brazil Amid EU-Mercosur Challenges

Austria's Economy Minister, Martin Kocher, pushed for stronger economic ties with Brazil amid EU-Mercosur trade talks. While Austria's 2019 law...

Lula’s Quest for Leadership in Divided South America

(Analysis) In his third term as President of Brazil, Luiz Inácio Lula da Silva has aggressively prioritized foreign policy. His...

U.S. Addresses Alleged Censorship Concerns in Brazil

As global focus on human rights and freedom of expression grows, the U.S. House's...

UBS Optimistic on Vale with Upgrade to ‘Buy’

UBS recently elevated Vale's rating from 'neutral' to 'buy,' signaling a brighter outlook for the...

Brazil and Paraguay Forge Key Energy Pact

Today, Brazil and Paraguay reached a significant agreement to adjust the electricity tariffs at the Itaipu Dam for the...