On Sunday, Argentina’s libertarian President, Javier Milei, took a bold step by issuing a decree to halve the government ministries from eighteen to nine. This move marks Milei’s first major action as President. His aim is to cut government spending. This is in line with his campaign promises. This sharply contrasts with Brazil’s leftist President […]
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Traders focus today on Petrobras (PETR4) as its earnings loom, sparked by a R$30 billion ($8 billion) drop after hints of dividend cuts. Yet, Petrobras plans to release the second dividend installment, offering R$ 0.672182 per share to all shareholders. The awaited financial details will shape market expectations. A conference call is set for tomorrow, […]
Brazil Offers Legal Deals to January Attack Suspects
Yesterday, Brazil’s top legal body offered ten initial non-prosecution deals to those investigated for the January 8 attack on key institutions. Under these deals, suspects can confess to non-violent crimes. In return, they face alternative penalties like fines or community service. The court puts the legal process on hold in these cases. Supreme Court Justice […]
