Brazil’s economy kicked off 2024 with a promising 0.8% growth in GDP compared to the previous quarter. This 2.5% year-over-year growth suggests a rebound from the sluggish end to 2023. Yet, despite these encouraging signs, the Ibovespa, Brazil’s primary stock index, faltered, marking its fifth straight decline with a modest 0.19% drop to 121,800 points. […]
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Latin America is now a key area for U.S. and European firms in animation and video games. The pandemic and nearshoring have fueled this trend. Big names like Cartoon Network are actively seeking local talent. José Iniesta, co-founder of Pixelatl Festival, says the pandemic sped up industry growth. Many production lines moved from Asia to […]
Localiza’s Credit Rating Climbs with Brazil’s Economic Boost
Moody’s has upgraded Localiza’s global credit rating from “Ba2” to “Ba1,” a significant development for Brazil’s largest car rental company. The agency also shifted Localiza’s outlook from positive to stable, indicating a balanced view of its future. This change stems from Brazil’s improved sovereign credit rating, recently raised to “Ba1” with a positive outlook. The […]
