Lula Kills 20% Shein Import Tax Five Months Before Election Vote
Brazil scraps its 20% federal import duty on sub-$50 packages from May 13—costing R$1.78B in annual revenue. What it means...
May 13, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Petrobras Signals Gasoline Hike as Brent Hits $103 and Q1 Profit Slips
Petrobras CEO Magda Chambriard told reporters after the Q1 2026 results call on May 12 that a gasoline price increase...
May 13, 2026
JBS Q1 Profit Falls 55.8% as US Beef Hits -3.2% Margin
JBS Q1 profit drop hit 55.8% as the world's largest meat processor saw US beef margins turn negative across global...
May 13, 2026
Brazil’s Financial Morning Call for Wednesday, May 13, 2026
US CPI hit 3.8% — hottest since May 2023 — as Ibovespa broke 181K to a new correction low. What...
May 13, 2026
EU Bans Brazilian Beef and Animal Products From September 3 Over Antibiotic Compliance Gap
Brazil loses EU market access Sept. 3 over antibiotic compliance failures — $1.8B in beef, poultry, eggs & more affected....
May 12, 2026
Embraer Signs Bharat Forge in First Indian Forging Contract
Brazilian aerospace company Embraer announced on Monday May 11, 2026 a strategic partnership with India's Bharat Forge Limited
May 12, 2026
São Paulo Agribusiness Hits R$174.6B as Beef and Coffee Lead
São Paulo's 2025 Agricultural Production Value (VPA) reached R$174.6 billion (US$35.5 billion) according to the May 2026 final
May 12, 2026
Latin America Drives Global Oil Supply Growth in 2026
Brazil, Guyana and Argentina add 700,000+ bpd as Latin America tops 8.8M bpd in 2026. See which countries lead and...
May 12, 2026
Russia Now Supplies 81% of Brazil’s Diesel Amid Iran War
Brazil imported US$1.76 billion in diesel during March and April 2026, with Russia supplying US$1.43 billion (81.25%) and the United...
May 12, 2026