This week, Ibovespa dropped by 0.74% to 126,741 points, continuing its downward trend for the third week by losing 0.26%. The dollar reached R$5 but ended at R$4.99, up by 0.22%. Interest rates also saw a rise, mostly staying above 10%. Guide Investments highlighted that market volatility might continue until the Federal Reserve’s interest rate […]
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Brazil’s Sugar and Beef Exports Soar to New Heights in September
Brazil’s sugar and beef exports reached unprecedented levels in September, solidifying the country’s position as the world’s leading exporter of these commodities. The Secretary of Foreign Trade MRE released this remarkable data, showcasing Brazil’s agricultural prowess on the global stage. Sugar exports from Brazil totaled an impressive 3.954 million tons last month. This figure narrowly […]
Santander Brazil’s Surge in Investor Confidence
Santander leads the dynamic banking sector, attracting renewed interest from analysts and investors after a strong start to the year. Initially, Bradesco BBI dramatically shifted its recommendation from sell to buy. Soon after, Bank of America (BofA) also upgraded its advice from neutral to buy, raising the stock’s target from R$32 ($6.27) to R$36 ($7.06). […]