Brazil

U.S. to Buy Critical Minerals from Brazil, Ambassador Says

US Ambassador Elizabeth Bagley announced plans to buy critical minerals from Brazil in a May 15, 2024 interview with Folha de São Paulo. The official...

Auren’s Acquisition of AES Brasil Reshapes Energy Market

Business - Brazil

Auren Energia, controlled by Votorantim and Canadian CCP Investments, acquired AES Brasil after two months of negotiations. This acquisition makes Auren the third largest power generator in Brazil, with a capacity of 8.8 gigawatts (GW)....

Brazil’s Caixa Achieves Strong Financial Results in Q1

Business - Brazil

Caixa Econômica Federal reported a recurring net profit of R$ 2.9 billion ($563 million) in the first quarter. This figure represents a 49% increase compared...

Rise in International Tourists Visiting Brazil in the First Four Months

Business - Brazil

In the first four months of this year, Brazil saw a 7.4 percent rise...

Petrobras Experiences Significant Market Value Drop Following Leadership Change

Brazil

Petrobras experienced a significant drop in market value following the unexpected resignation of its president. A new leader, formerly with...

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...