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Goldman Sachs Revises Outlook: Upgrades RUMO and Localiza, Downgrades WEG and CCR
In a decisive move amidst Brazil’s falling stock market, Goldman Sachs has recalibrated its stance on key players in the infrastructure and industrial sectors. Ibovespa index’s 9% dip this year, coupled with a 14% drop in the small-cap index, sets the backdrop for this strategic realignment. This move aims at capitalizing on currently undervalued stocks. […]
Brazil Lawyer Asks Top Judge to Recuse Before Key Trial
Sebastião Coelho da Silva, the lawyer for Aécio Lúcio Costa, says Brazilian Justice Alexandre de Moraes should recuse himself. Costa is on trial for January 8 events, termed an anti-Lula coup by some. Silva didn’t specify why but pressed Moraes to recuse himself before voting began. Silva states, “Your honor, you might be biased. Please […]
Brazil’s Missed Chances in Carbon Trading
Brazil trails in the carbon credit market despite its vast natural resources, as highlighted by a recent WayCarbon study. Among forest-rich nations like Indonesia and Congo, Brazil secures fewer investments. Over a decade, Latin America saw $7.5 billion in carbon projects. Brazil could claim more. The country can issue 860 million tons of carbon credits […]