Brazil’s oil production rises 11.2% in May to reach 3.2 million barrels per day

(Opinion] Brazil’s government is implementing 17 key initiatives over two years to reduce the so-called and somewhat infamous ‘Brazil Cost.’ The ‘Brazil Cost’ refers to the heavy expenses of doing business in Brazil. Currently, these expenses exceed those in wealthier countries by R$ 1.7 trillion ($341 billion) annually. This amount represents one-fifth of Brazil’s total […]

In November, Brazil’s service sector witnessed a pivotal turnaround, registering a 0.4% increase over October, following three months of decline. The Brazilian stats agency IBGE announced a positive shift on January 16, 2024. This development marks a significant moment in the country’s ongoing economic recovery. Previously, the sector experienced a cumulative downturn of 2.2% during August, […]

A pioneering business deal in Brazil’s forestry sector demonstrates how traditional industries can adapt to modern financial demands. Paper manufacturer Klabin has found a smart way to grow while reducing debt, striking a deal worth R$2.7 billion ($482 million) with a specialized forest investment fund. Think of it as selling part of your garden to […]