Jair Bolsonaro, president of Brazil, reported that Petrobras, the state-owned oil company, will initiate a plan of small weekly reductions in the price of fuels. However, the president did not specify quantities, percentages, or terms.
Hydrocarbons have registered a sustained growth in their prices…
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PayPal to provide cryptocurrency services in Latin America
The leading online payment company PayPal, aims to provide its cryptocurrency services in Latin America. Federico Gómez Schumacher, general director of the company for Latin America, conformed it.
The interest in the Latin market is a…
Brazil will bring the internet to the Amazon region
Brazil will bring the internet to the Amazon. Fabio Faria, Minister of Communications of Brazil and Elon Musk, founder of SpaceX, analyzed, in the North American city of Austin, an agreement that will allow to provide internet to remote…
Brazil aims to enter the top 5 oil exporting countries by 2030
Brazil aspires to become one of the five main oil producing and exporting countries in the world by 2030. This was announced by the Minister of Mines and Energy of Brazil, Bento Albuquerque, within the framework of the Saudi Green…
Latin America ranks second in the acquisition of financial apps
Latin America is registered in the second place as the region with the highest investment in the “acquisition of users of finance applications worldwide”, according to the publication made by Fintech App Marketing Insights: Latam Edition…
Brazil prepares to assume Bitcoin as legal tender
The government of the Federative Republic of Brazil drafted a bill authorizing the use of Bitcoin as legal tender in the country, which will be presented to the Chamber of Deputies in coming days, following in the footsteps of El Salvador.…
Latin American insurance market fell in 2020
The insurance market in Latin America experienced a drop of 11.9 % in premiums in 2020, to 134,361 million dollars, of which 57 % were registered in Non-Life insurance compared to the remaining 43 % in Life insurance, according to a report…
BTG Pactual launches platform to invest in cryptocurrencies
The Brazilian bank BTG Pactual announced the launch, between October and December, of a new platform called Mynt, with which users will be able to carry out transactions with cryptocurrencies. Mynt "will offer the direct purchase and sale…
IMF appoints Brazilian Illan Goldfajn as director of the Western Hemisphere
The International Monetary Fund (IMF) announced that Illan Goldfajn will assume the position of director for the Western Hemisphere department from January 2022. He will replace Alejandro Werner, who retired last August after eight years in…
Bolsonaro’s government is being investigated
The Court of Accounts of Brazil (TCU) will open an investigation against the Government of the president Jair Bolsonaro for the blockade of 5,000 million reais (approximately 900 million dollars) foreseen in the 2021 budgets for the…
The largest wind farm in South America starts commercial operations
The Enel group, through its subsidiary Enel Green Power Brasil Participações ("EGPB"), has started the commercial operations of the Lagoa dos Ventos wind farm, located in Brazil. With 716 megawatts (MW), it is currently the largest wind…
Brazilian Minister of the Environment to be investigated
The Attorney General of the Republic (PGR) of Brazil has requested this Monday the Supreme Court of Brazil to open an investigation to the Minister of the Environment, Ricardo Salles, for alleged crimes of administrative law, obstructing…