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Business

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 one of its most challenging periods since 2010. The primary index,...

Hybrid Cars Gain Momentum in Brazil Amid Electric Vehicle Uncertainties

In Brazil, the hybrid car market is gaining momentum as electric vehicle (EV) sales slow down in multiple markets due to dwindling government incentives and insufficient charging infrastructure. Positioned as a leader in hybrid vehicle...

Brazil’s Mineral Sector Soars

Brazil's mineral sector showcased a remarkable 25% revenue increase in the first quarter of 2024, hitting R$68 billion (approximately $13.33 billion). This surge stems from...

Brazil’s Oil and Gas Production: Trends and Implications

In March 2024, Brazil's oil output slightly decreased by 2.7%, recording 3.356 million barrels...

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...

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 budget deficits until the end of President Luiz Inácio Lula...

Rising Dollar Tightens Economic Challenges for Lula’s Government

(Analysis) The Brazilian Real has significantly weakened since the beginning of the year, culminating in the dollar peaking at...

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 nationwide and beyond. Criticism has...

Brazilian Steel Struggles Amid Import Surge

The Brazilian steel industry has witnessed notable shifts in early 2024, with crude steel...

Brazil Sets New Course in Cryptocurrency Taxation

Brazil is overhauling how it taxes cryptocurrencies, with changes to be proposed in the National...

Brazil Faces Sharp Decline in March Trade Surplus

In March, Brazil experienced a notable 30.4% reduction in its trade surplus from February, landing at $7.48 billion. The Secretariat...