Business
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 per ounce. This significant 1.2% rise highlights a surging demand for stability.
Globally, the United States...
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 on the US dollar.
This statement...
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...
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...
Brazil’s Industrial Confidence Wanes in April
In April, industrialists showed less confidence in the economy, marking a shift from the stable sentiment observed in March.
The National Confederation of Industry's (CNI)...
Brazil Sets New Course in Cryptocurrency Taxation
Brazil is overhauling how it taxes cryptocurrencies, with changes to be proposed in the National Congress.
This new plan will...
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...
Global Capital Dominates Brazilian Tech M&A Landscape in 2023
In 2023, the Brazilian technology sector witnessed a significant influx of foreign investment in...
Brazil’s Jobless Rate at 7.8%, Wages Up
Brazil's jobless rate slightly rose to 7.8% by February, a small climb from November but...
Falling Prices, Rising Costs Hit Brazil’s Soybean Industry
In Brazil, a leading producer of soybeans, the upcoming 2023/24 season is poised to present significant challenges for farmers,...
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