Bay Area, Tokyo, and Singapore Compete Among World’s Richest Cities
The United States leads the global wealth concentration, boasting 11 cities among the world's richest according to the "2024...
Paraguay Reaffirms Ties with Taiwan Amid Chinese Pressure
Paraguayan President Santiago Peña recently affirmed his nation's ties with Taiwan during discussions with Japanese Prime Minister Fumio Kishida.
This...
Brazil and Paraguay Forge Key Energy Pact
Today, Brazil and Paraguay reached a significant agreement to adjust the electricity tariffs at the Itaipu Dam for the ensuing three years.
This pact concluded...
Economic Woes and Security Issues Drag Down Lula’s Ratings
The National Transport Confederation (CNT) has disclosed a significant dip in President Luiz Inácio Lula da Silva's approval ratings.
Only...
Arsenal Seeks New Club for Gabriel Jesus, Potentially Benefiting Palmeiras
Arsenal is actively exploring various options for securing a transfer for Gabriel Jesus ahead of the 2024/2025 season.
Signed for...
Brazil Deploys Largest Warship for Rio Grande do Sul Relief Operation
In response to the historic weather disaster in Rio Grande do Sul, Brazil is...
Brazil and Paraguay Forge Key Energy Pact
Today, Brazil and Paraguay reached a significant agreement to adjust the electricity tariffs at the Itaipu Dam for the...
Economic Woes and Security Issues Drag Down Lula’s Ratings
The National Transport Confederation (CNT) has disclosed a significant dip in President Luiz Inácio Lula da Silva's approval ratings.
Only...
Brazil’s Political Clash: Semipresidentialism or Presidentialism
Brazil's ongoing political conflict between Arthur Lira and Luiz Inácio Lula da Silva pits semipresidentialism against the current presidential...
Itaú Unibanco’s Impressive Q1 Surge
In Brazil's bustling economic landscape, Itaú Unibanco stands tall, marking a stellar start to 2024.
As the country’s and LatAm's largest bank, Itaú posted a net profit of R$ 9.77 billion ($1.92 billion) for the first...
Santander Brazil’s Surge in Investor Confidence
Santander leads the dynamic banking sector, attracting renewed interest from analysts and investors after a strong start to the year.
Initially, Bradesco BBI dramatically shifted...
Q1 2024 Corporate Earnings in Brazil: Highlights and Challenges
In the first quarter of 2024, Brazil's corporate sector demonstrated diverse financial performances across many industries, underscoring the economy's complexity and vitality.
Riachuelo
Guararapes, which owns the fashion retailer Riachuelo, reported a net loss of R$ 116.9...
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 periods since 2010.
The primary index, Ibovespa, declined by 6.16%, while the Ptax dollar rate climbed by...
Brazil Marks Fiscal Success with March Surplus Turnaround
Brazil's public sector achieved a dramatic fiscal turnaround in March, recording a primary surplus of R$1.177 billion ($0.23 billion).
This came after February's steep deficit of R$48.692 billion ($9.55 billion). According to the Central Bank, March’s...
Brazil’s Service Sector Expansion Slows Amid April Sales Decline
The growth of Brazil's service sector slowed in the second quarter, as weaker April sales took a toll.
The Purchasing Managers' Index (PMI) from S&P Global showed a decline from 54.8 in March to 53.7
in April,...
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