In 2022, Brazilian football clubs reached their highest net debt in a decade at R$10.44 billion ($2.02 billion). They reduced this debt to R$9.53 billion ($1.84 billion) last year, according to Ernst & Young. This data includes the 31 top teams from the 2023 Brazilian Serie A and B Championships. Fortaleza led the reduction, cutting […]
Related Posts
Brazilian Banks’ Historic Leap in 2023
In 2023, Brazil witnessed a historic financial moment, with its three major public banks making record-breaking investments. The combined total reached an astounding 56.4 billion reais ($11.35 billion), surpassing the total investments of the previous four years. This remarkable achievement was led by the Banco Nacional de Desarrollo Económico y Social (BNDES), Caixa Económica Federal […]
Record Breakers: Brazil’s Farming Exports Soar Beyond Expectations
In February, Brazil’s exports of coffee, sugar, and cotton have already surpassed the totals of February 2023, showcasing a remarkable start to the year. Cotton exports soared to 146.3 thousand tons, a remarkable 510% increase from last year’s daily average. Favorable international prices, up 15% this year, and Brazil’s strategic stockpiling from the previous harvest […]
Holiday travel alert: Don’t get duped by scammers
While the holiday season may be months away, now is the best time to book your travel to visit family and friends for those winter months. Typically, the further in advance you are able to firm up your travel plans, the better the deals are. Before you start planning for your holiday travel, you should […]