Porto, formerly Porto Seguro, reported a net profit of R$ 651 million ($126.3 million) for the first quarter. This marked a 90.2% increase from the same period in 2023. The company’s profit surge highlights its influence in the Brazilian insurance market. Porto’s total revenue rose by 14.2% to R$ 8.6 billion ($1.67 billion). Growth in […]
Related Posts
Focus: Brazilian Economists Increase Inflation Forecasts Amid Rising Public Spending
Central bankers, led by Roberto Campos Neto, have highlighted the impact of increased public spending on efforts to control inflation. For the fourth consecutive week, Brazilian analysts have raised their inflation expectations for 2024. They now foresee consumer prices rising above the acceptable range, as investors become less concerned about government spending. According to a […]
Lula Blocks Venezuela and Nicaragua from BRICS Amid Diplomatic Tensions
President Lula has altered his stance on Venezuela and Nicaragua joining BRICS, instructing the Brazilian delegation to block new members at the upcoming summit in Russia. This decision marks a significant change from Lula’s previous support for Venezuela’s entry into the group. The BRICS summit, scheduled from October 22 to 24, will discuss criteria for […]
