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Business

Eletrobras Reports Strong 9% Revenue Growth Amid Economic Shifts

Eletrobras (ELET6), a leading Brazilian energy company, reported a regulatory net revenue of R$9.7 billion ($1.9 billion) for Q1 2024. This represents a 9% increase...

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 increase occurred despite lower international prices for goods, as higher...

UBS Optimistic on Vale with Upgrade to ‘Buy’

UBS recently elevated Vale's rating from 'neutral' to 'buy,' signaling a brighter outlook for the mining heavyweight. Accordingly, they've increased the target price for Vale’s...

Challenges in Brazil’s B3 Stock Exchange Amidst Foreign Investor Retreat

In early 2024, the B3 Stock Exchange in São Paulo underwent significant upheaval, marking...

Hybrid Cars Gain Momentum in Brazil Amid Electric Vehicle...

In Brazil, the hybrid car market is gaining momentum as electric vehicle (EV) sales slow down in multiple markets...

Brazil’s Bradesco Overcomes Challenges, Beats Expectations in Q1 2024

Amid a strategic overhaul, Bradesco revealed its first quarter 2024 performance, recording a net profit of R$ 4.211 billion ($809.82 million). This figure denotes a...

Latin America’s Gold Reserves: A Shield Against Economic Shocks

As Middle East tensions escalate, the allure of gold has soared, with its price reaching a peak of $2,400.67...

Brazil’s Lingering Dollar Reliance Amid Fiscal Strategy Shift

Roberto Campos Neto, President of the Central Bank of Brazil, emphasized on Friday that Brazil's economy still significantly depends...

IMF Projects Ongoing Fiscal Struggles for Brazil During Lula’s Presidency

The International Monetary Fund (IMF) has downgraded its fiscal projections for Brazil, predicting continued...

Escalating Strains Between Brazilian Congress and Supreme Court Raise Alarms

(Analysis) In Brazil, tensions between Congress and the Supreme Court (STF) are escalating, drawing attention...

Brazilian Steel Struggles Amid Import Surge

The Brazilian steel industry has witnessed notable shifts in early 2024, with crude steel production increasing by 6.2% in...