In 2023, Brazil surpassed Argentina to become the most indebted country in Latin America. This significant shift, marked by public debt reaching approximately 85% of its gross domestic product (GDP), emphasizes the changing economic landscape of the region. The Institute of International Finance, as reported by Instituto Millenium, provided data that highlights the fiscal challenges […]
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Decline in wheat prices both in Brazil and internationally
In Brazil, the reduced wheat prices can be attributed to the ample supply available in the domestic market. Internationally, factors such as the U.S. harvest and alternative trade routes have pushed prices downward. Since the end of the Grain Agreement on July 17, wheat trading has experienced significant fluctuations. By the end of July, while […]
Ibovespa Falls 1% as Petrobras and Banco do Brasil Stocks Dip
The Brazilian stock market saw a decrease on Friday, with the Ibovespa index dropping by 0.99% to 127,070 points. The main reason for this fall was Petrobras’ decision not to distribute special dividends, negatively affecting its stock and the broader market. Throughout the week, the index fell by 1.63%. Shares of Petrobras dropped 10.57%. In […]
PCC’s Global Expansion: Brazilian Crime Syndicate Infiltrates the United States
(Analysis) The Primeiro Comando da Capital (PCC), Brazil’s largest criminal organization, is expanding its operations into the United States. With approximately forty-two thousand members worldwide, including one thousand living abroad, the PCC has begun using illegal immigrants as “soldiers” for their criminal activities. PCC members are entering the United States to evade Brazilian justice, launder […]