Brazil’s oil giant Petrobras is courting Chinese banks for deep-sea exploration funds. The move aligns with Brazil’s strategy to strengthen its partnership with China. These talks aim to secure affordable capital for upcoming projects. China is Brazil’s biggest trade ally, buying almost a third of its exports. In a recent interview, CFO Sergio Caetano Leite […]
Related Posts
Tenda Shatters Records: Brazilian Housing Group’s Remarkable Q3 Performance
Tenda, a leading Brazilian construction company, has achieved unprecedented success in the third quarter of 2024. The firm’s operational results reveal a series of broken records and significant growth across various metrics. Tenda’s net sales soared to R$ 1.55 billion ($310 million), marking a 68% increase from the previous year. This impressive figure represents the […]
Beyond Hydropower: Expanding LatAm’s Green Energy Solutions
Latin America leads in renewable energy, with hydropower generating 45% of its electricity, outpacing the global average of 16%. The region’s energy mix is 60% renewable, thanks to solar and wind power. This positions it as a key player in the global move towards sustainable energy, aiming for a fully renewable supply by 2030. However, […]
Brazil Expects Record 318.1 Million Ton Crop in 2023
Brazil’s Institute of Geography and Statistics (IBGE) predicts a record 2023 harvest of 318.1 million tons of grains, legumes, and oilseeds. This is a 20.9% rise from 2022 and a 1.5% uptick from August’s prediction. Farmers plan to harvest 77.8 million hectares, marking a 6.3% year-over-year increase. Compared to August, the area grew by 0.4%. […]