In a pivotal chapter of Brazil's democracy, former President Jair Messias Bolsonaro faces accusations that challenge the nation's democratic fabric. Reports indicate key military figures, like ex-Army Commander Marco Antonio Freire Gomes and Air Force Commander Carlos de Almeida Baptista, allege Bolsonaro sought a coup following his 2022 election defeat. Testimonies to the Federal Police […]
This Saturday, an exciting lineup of soccer matches includes key competitions from Brazil, England, and other European leagues. Today’s highlights are today’s highlights: the quarterfinals of the Paulistão and the Carioca semifinal, along with the FA Cup and various European leagues. At the Maracanã, Flamengo faces Fluminense in the second leg of the Carioca semifinal. […]
In January 2024, Brazil saw a remarkable job creation surge, adding 180,400 formal positions. This doubled the previous year's figure, showcasing a significant economic upturn. The Ministry of Labor and Employment shared these insights on March 15, indicating a much stronger performance than market analysts had predicted. This period traditionally brings a positive shift in […]
Air China is bringing back its flights to Brazil after a pause, linking São Paulo to Beijing, stopping in Madrid. This service also allows travel between São Paulo and Madrid, thanks to "fifth freedom" rights. The National Civil Aviation Agency (ANAC) confirms this update. Air China had this route until 2020, when it paused due […]
Moody’s upgraded Uruguay’s credit rating from Baa2 to Baa1 on Friday, the 15th, reflecting the country’s commitment to structural reforms and strict fiscal and monetary policies. Such dedication suggests a future of higher, more stable growth rates, supported by strong investments. This upgrade also changes Uruguay’s rating outlook from stable to positive. Uruguay’s debt ceilings […]
The European Commission removed Panama from the EU’s high-risk list, which identifies countries failing to combat money laundering and terrorism financing. This decision brought hope to Panama, showing progress in addressing past issues. The Ministry of Economy and Finance in Panama (MEF), business leaders, and experts welcomed this change, which they saw as a big […]
This week, Ibovespa dropped by 0.74% to 126,741 points, continuing its downward trend for the third week by losing 0.26%. The dollar reached R$5 but ended at R$4.99, up by 0.22%. Interest rates also saw a rise, mostly staying above 10%. Guide Investments highlighted that market volatility might continue until the Federal Reserve’s interest rate […]
JPMorgan strategists Emy Shayo and Cinthya Mizuguchi have reevaluated their bullish stance on Brazil’s stock market due to potential political interventions and global challenges. They base their optimism on three factors: expected lower interest rates, attractive stock valuations, and a decline in political risks. They recommend reassessing due to possible interest rate cut delays in […]
Faria Lima, known as São Paulo's financial epicenter, is seeing unprecedented hikes in commercial rent, significantly outperforming other city regions. A report by Cushman & Wakefield indicates a 20% surge in office rental costs in 2023, with expectations for continued high rates. Last quarter, Faria Lima averaged R$220 ($44) and Itaim R$280 ($56) per square […]
The dollar rose against the Brazilian real on Friday, nearing the R$5 mark, after U.S. data prompted caution ahead of next week’s Federal Reserve policy meeting. It closed up 0.22% at R$4.9986, touching above R$5 during the day, with a weekly gain of 0.34%. Thursday’s data showed higher-than-expected U.S. Producer Price Index rise, while retail […]
Tirso Meirelles, FAESP/SENAR-SP leader, urges milk import limits and prompt release of promised government funds from four months ago. In both São Paulo and across Brazil, the dairy sector is facing significant challenges, particularly for small-scale producers who are struggling to maintain their livelihoods. Meirelles shed light on the main factors affecting dairy farmers, such […]
European shares fell on Friday as concerns over potential delays in US interest rate cuts dampened the appetite for risk. However, telecoms helped mitigate the impact. The STOXX 600 index slipped 0.32% to 504.80 points but still marked its eighth straight week of gains, thanks to positive corporate news and ECB rate cut hopes. Market […]
Oil prices dropped on Friday after hitting a high of $85 per barrel on Thursday, their peak since November. Yet, the week anticipated a close with more than a 3% gain. This rise was driven by heightened demand from U.S. refineries concluding their scheduled maintenance. Brent crude futures saw a slight decrease of 8 cents, […]