São Paulo is on the brink of unveiling Parque Global, a transformative luxury district along Marginal Pinheiros. This landmark, Latin America’s largest, combines residential towers, a mall, a cancer center, a university, and a 52-story skyscraper. Set on a 218,000 square meter plot by Benx and Related Group’s Jorge Pérez, the development promises a new […]
Related Posts
Brazil’s Ibovespa Edges Up Amid Global and Domestic Shifts
The Ibovespa (IBOV) faced a day without the backing of Wall Street, due to the US Presidents’ Day holiday, yet managed a modest gain. Despite Vale’s (VALE3) decline amid falling iron ore prices in Asia, the index ended up 0.14% at 128,903.14 points. Brazil’s Economic Activity Index (IBC-Br), a GDP precursor, surpassed expectations with a […]
Abu Dhabi Fund Adds Brazil to Global Sailing Circuit
In a move signaling a major investment in Brazil, Mubadala Capital has acquired a Brazilian team in the international sailing competition, SailGP. This announcement set for Friday will mark Brazil’s debut in the league, adding an 11th team and expanding the league’s reach into South America. Managed by IMM, a Brazilian company led by former […]
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, indicating continued but slower expansion. Despite this dip, the PMI remained above 50, showing growth for the seventh […]