How “solar grazing” is creating a new industry

How Wildfires Impact Raízen’s Sugarcane Harvest and What It Means for Investors

Raízen, an energy company under Cosan’s control, recently faced a significant challenge as wildfires damaged a portion of their sugarcane fields. The company disclosed that approximately 1.8 million tons of sugarcane were affected. This figure represents about 2% of their total projected harvest for the 2024/25 season, primarily in São Paulo state. To mitigate the […]

AMD’s New A.I. Chip Announcement Leads to $11 Billion Market Value Drop

AMD unveiled plans to launch its new AI chip, the MI325X, in early 2025, aiming to challenge NVIDIA’s dominance in the AI processor market. However, the news resulted in a 4% drop in AMD’s stock price on the Nasdaq, closing at $164.18 per share. The stock price decline wiped $11.072 billion off AMD’s market value […]

Colombia’s Ecopetrol Grapples with Soaring Costs During Energy Shift

In 2023, Ecopetrol faced an 18.5% hike in oil production costs, even as it pivoted towards renewable energy. This shift signifies Ecopetrol’s evolution from oil production to a broader energy focus. Concurrently, its oil output climbed 4% to 737,000 barrels daily, marking an eight-year peak. The cost per barrel surged to $10.91 from $9.21, a […]