The Brazilian automotive industry faced a 4.3% decrease in production during August compared to the previous month. This decline follows a substantial 16% growth accumulated in June and July. André Macedo, the research manager at the Brazilian Institute of Geography and Statistics (IBGE), attributes this result to a high comparison base. Automotive production contributes 7% […]
Related Posts
Major Brazilian Exchanges Form Consortium for National Stablecoin
Leading cryptocurrency exchanges in Brazil have joined forces to create a stablecoin pegged to the Brazilian real. Bitso, Foxbit, Mercado Bitcoin (MB), and Cainvest announced their consortium on Monday, October 7. The group aims to launch BRL1, a real-backed stablecoin, on major blockchain networks this year. The consortium expects BRL1 to reach a circulation of […]
Brava Energia’s Oil Production Dips: Market Forces at Play in Brazil
Brava Energia, a key player in Brazil’s oil and gas industry, reported a decline in its gross production for September 2024. The company’s total output dropped to 52,653 barrels of oil equivalent per day (boe/d), down from 56,580 boe/d in August. This decrease reflects the changing landscape of energy production in Brazil’s private sector. The […]