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Steady Production and Pre-Salt Focus Mark Petrobras Q3 Performance
In the third quarter of 2024, Petrobras, Brazil’s state-owned oil giant, reported a total production of 2.689 million barrels of oil equivalent per day (boed). This figure remains consistent with both the previous quarter and the same period in 2023. The company’s performance reflects its ability to navigate the complex energy market. Petrobras achieved a […]
Impact of China’s Declining Beef Market on Brazil
China’s beef market has experienced a notable decline, posing significant challenges for Brazil, its principal supplier. In a dramatic shift, China’s beef imports decreased last year for the first time since at least 2016, with prices dropping to a near three-year low. The U.S. Department of Agriculture forecasts a further 4% decline in import volumes […]
Brazil’s corruption controversy: the drastic reduction of J&F’s billion-dollar fine and the ensuing legal battle
The Batista brothers, Joesley and Wesley, are two influential figures in Brazil’s business landscape, having built J&F into one of the country’s largest conglomerates. Their rise to prominence was marked by aggressive expansion and acquisitions, making them symbols of Brazil’s economic boom. However, in a shocking revelation in 2017, the brothers admitted to bribing hundreds […]