Throughout August, Brazil’s primary stock market index, the Ibovespa, showcased notable resilience. It maintained the 136,000 level and recorded a significant monthly advance of over 6%. Despite this, it ended the final trading day with a slight decrement of 0.03%, closing at 136,004.01 points. The minor drop came after a week of positive fluctuations and […]
Related Posts
Norwegian Sees Boost in Brazilian Luxury Cruise Sales
At Festuris 2023, Norwegian Cruise Holding is showcasing its luxury offerings in the Espaço Luxury, a dedicated area for high-end travel. The company’s focus is on its premium products. The presence of VP Frank Medina at the event highlights Brazil’s importance to them. He and Brazil director Estela Medina are celebrating the deals made at […]
Mozambique Rises in Clean Energy with Graphite
Mozambique is advancing in the global graphite market with its northern Niassa mine, which is 80% complete. The mine will open by 2024. China’s DH Mining leads this $30 million venture. Upon operation, it will produce 400 tonnes of graphite daily, tailored for the automotive and electrical sectors. Situated in Muichi, within the Nipepe district, […]
Brazil Hits Foreign Online Shopping with 20% Tax
In a decisive action, Brazil’s Chamber of Deputies passed a law to tax foreign online purchases under $50 by 20%. Chamber President Arthur Lira and President Luiz Inácio Lula da Silva scaled down the initial 60% decision after discussions. This decision is part of the broader Green Mobility and Innovation Program (Mover), now moving to […]