news Brazil

Brazil’s BNDES considers resuming financing for service exports amid other changes

The Brazilian Development Bank (BNDES) is considering resuming financing for service exports, writes Bloomberg. The bank had restricted these operations…

June 18, 2023

JPMorgan, Itaú, and Santander anticipate an earlier cut in Selic rate

Major banks JPMorgan, Santander, and Itaú Unibanco now predict Brazil’s Central Bank will make its first interest rate cut in…

June 18, 2023

Opinion: under the guise of fighting “discrimination,” Brazil’s Chamber approves privileges

Under Deputy Arthur Lira’s (PP-AL) leadership, Brazil’s Chamber of Deputies is passing any legislation beneficial to its members. On Wednesday…

June 16, 2023

Goldman Sachs highlights economic decline in Brazil, criticizing S&P’s positive outlook

Goldman Sachs, the US-based investment bank, issued criticism on Thursday, 15, toward the report by rating agency S&P that upgraded…

June 15, 2023

Brazil’s lower House passes bill criminalizing ‘discrimination against politicians’

Brazil’s Chamber of Deputies has passed a controversial bill titled “Project of Law (PL) 2.720/2023”, aimed at criminalizing “discrimination against…

June 15, 2023

Brazilian Senate to install Parliamentary Committee to investigate Amazon NGOs

On Wednesday afternoon, the Brazilian Senate will install the Parliamentary Inquiry Committee (CPI) to investigate alleged large-scale financial misconduct by…

June 14, 2023

Four record-breaking harvests predicted for Brazil’s agriculture in 2023

In 2023, Brazilian agriculture is anticipated to see at least four record-breaking harvests: soy, corn, wheat, and sorghum, according to…

June 14, 2023

President Lula plans for Petrobras’ return to petrochemicals via Braskem’s nationalization

The government of Brazil’s President Luiz Inácio Lula da Silva is working towards a corporate transaction that could potentially facilitate…

June 14, 2023

El Niño may exacerbate deforestation threat in the Brazilian Amazon, experts warn

Scientists warn that the onset of “El Niño” could potentially escalate the deforestation crisis in the Brazilian Amazon and other…

June 14, 2023