In Brazil, the move to increase biodiesel in diesel fuel ignites debates between the agriculture and energy sectors, involving giants like Petrobras. This change is part of the “Fuel of the Future” bill, aiming for a greener Brazil with more renewable energy. Deputy Arnaldo Jardim champions this bill to cut carbon emissions and align with […]
Related Posts
Dollar rally halts after July US labor market data
The U.S. dollar’s recent rise against other currencies, including the Brazilian real, came to a pause after the release of U.S. employment data for July. During the week, the dollar flirted with levels above R$ 4.90 due to a spike in U.S. Treasury yields, leading to the dollar’s global appreciation. However, the employment figures, showing […]

Brazilian Economic Activity Index down 2% in May
The Economic Activity Index (IBC-Br), an indicator from the Central Bank used to anticipate Gross Domestic Product (GDP) performance, noted a 2% decrease in May compared to the previous month. The Central Bank published the data on July 17. The reported decline was more significant than market expectations. Analyst consensus had predicted a stable index […]
Fitch’s Outlook on Brazil Achieving Investment Grade
Fitch Ratings predicts Latin America’s economies will face challenges in 2024, with economic growth slowing to 1.5% from 2.3% in 2023. This slowdown stems from reduced demand and high interest rates within a complex geopolitical environment. Brazil, a significant player in the region, is unlikely to see an upgrade to investment-grade status soon, as Fitch […]