Moody’s, the renowned credit rating agency, has upgraded Brazil’s sovereign debt rating from Ba2 to Ba1. This new rating brings Brazil one step closer to the coveted “investment grade” status. The agency announced its decision after the São Paulo Stock Exchange closed on Tuesday. The upgrade highlights the success of President Luiz Inácio Lula da […]
Related Posts
Costa Rica’s Unprecedented Homicide Surge
Costa Rica’s official data shows 656 homicides this year, marking a new high. Authorities expect this number to exceed 900 by the end of the year. Randall Zuniga, the justice chief, calls this rise a “turning point.” He also urges more public safety investments. Known as Central America’s safest country, Costa Rica is now grappling […]
Brazil’s Mining Income Drops in 2023
In 2023, Brazil’s mining sector saw a slight income decrease, earning 248.2 billion reais ($49.8 billion). This represented a 0.7% reduction from the previous year. A drop in global prices for mining goods caused this decrease. The Brazilian Mining Institute (Ibram) shared these findings. Exports from the sector grew, reaching $43 billion, a 3.1% increase. […]
Petrobras Sets New Production Record with 3.7% Boost in 2023
In the latest development, Petrobras saw its oil and natural gas output grow by 3.7% in 2023, reaching a new high. The firm pumped out 2.78 million barrels of oil equivalent daily, edging past its 2022 high of 2.68 million. Its total production, counting areas where it has shares, hit a peak at 4.04 million […]