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Business

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 daily. Despite this dip, production was up 7.7% from the previous year. Similarly, natural gas production fell 3.1% to 143.98 million...

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...

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...

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 peaked, with Elon Musk calling...

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...

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...

Brazil Sets New Course in Cryptocurrency Taxation

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

Global Capital Dominates Brazilian Tech M&A Landscape in 2023

In 2023, the Brazilian technology sector witnessed a significant influx of foreign investment in mergers...

New Era’s Strategic Focus on Brazil for Expansion

New Era, a global leader in cap manufacturing, is honing in on Brazil for its next phase of growth. The...