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Business

Cutting Costs, Boosting Business: São Paulo’s Economic Reform

Governor Tarcísio de Freitas is launching a transformative plan to save São Paulo up to R$20 billion ($3.88 billion) annually. This ambitious initiative aims to...

XP Reaches Record Financial Milestone in Q1

XP Inc. (XPBR31) has achieved a significant financial milestone, posting a first-quarter net profit of R$ 1.03 billion ($201 million) from January to March 2024. This 29% increase from the previous year showcases XP's strategic...

Stellantis to Boost Brazil’s Betim Operations with Multi-Billion Dollar Investment

Stellantis plans a substantial R$14 billion ($2.74 billion) investment to expand its Betim hub in Brazil. From 2025 to 2030, the auto giant will...

Azul Eyes Mergers to Revive Latin American Airlines

John Peter Rodgerson, CEO of Azul (AZUL4), emphasizes consolidation as essential for addressing challenges...

Brazilian Companies Go Global with Private Equity Support

In a world where global boundaries are increasingly fluid, Brazilian companies are ambitiously expanding internationally. Driven by strategic shifts, industries...

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...

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,...

Brazil’s Robust Sugar Harvest Stabilizes Global Supply

For the second year running, Brazil's sugar production has increased, promising to stabilize lower prices and alleviate shortages faced...

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...

UBS Optimistic on Vale with Upgrade to ‘Buy’

UBS recently elevated Vale's rating from 'neutral' to 'buy,' signaling a brighter outlook for the...

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...