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Brazil

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 of the interest rate reduction cycle. Expectations are setting the stabilization...

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 the same period last year. Despite this impressive growth, the figure fell short of the $404.8...

Flood Crisis in Rio Grande do Sul Threatens Brazil’s Economic Stability

In Rio Grande do Sul, a state pivotal to Brazil’s economy, catastrophic floods are unraveling years of progress. This region, responsible for 6.5% of the...

Brazilian Services Sector Grows by 0.4% in March

In March, the Brazilian services sector grew by 0.4% compared to February, following seasonal...

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...

Petrobras Faces Significant First Quarter Profit Drop

Petrobras, Brazil's state-owned oil giant, reported a significant 37.9% decline in net profit for the first quarter of 2024. The net profit fell to 23.7...

Brazil’s BTG Pactual Shines with Record Profits in Challenging Times

BTG Pactual (BPAC11) started 2024 strongly, recording a net profit of R$2.9 billion ($568.6 million) in the first quarter,...

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 for the region to...

Majority of Brazilians Oppose Another Term for Lula in 2026

A recent Quaest poll reveals that a significant portion of Brazilians do not support...

Construction Costs in Brazil See Highest Increase Since September 2022

In April 2024, Brazil's construction sector witnessed a significant and impactful shift in its operations. The...

March’s Mixed Fortunes in Brazil’s Industrial Landscape

In March 2024, Brazil's industrial regions painted a complex picture of growth and decline, as detailed by the IBGE...