Through the signing of a memorandum of understanding, the companies Petrobras of Brazil and Enarsa of Argentina will seek an alliance in the field of natural gas.
According to a statement about this alliance, it was established that "the non-binding agreement has a term of three years and will…
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brazil
NuBank allows operations with Bitcoin, Ether and Solana in Brazil
In a move towards cryptocurrency adoption in Brazil, NuBank bank now offers withdrawal and deposit operations in Bitcoin, Solana and Ether.
The Brazilian giant follows in the footsteps of other banking institutions in the world in the…
Goldman Sachs projects the South American country that could be a world power in 2050
The projections of the Goldman Sachs company on the countries that could make up the top world powers for 2050 and 2075 include South American nations, taking into account various factors that affect the comprehensive development of…
Brazil reduced interest rates to lowest level in two years
The Central Bank of Brazil reduced interest rates by 0.5 % this Wednesday, reaching the lowest level since 2023, when they remained at 13.75 %. Thus, the country maintains the basic interest rate of the economy (the Selic rate) at 10.75 %…
Brazil’s GDP grew slightly in 2023
The Brazilian Institute of Geography and Statistics (IEBG) reported a slight growth of 2.9 % in the GDP of the South American country in 2023.
According to the information released on Friday, March 1, by the IBGE, the agricultural sector…
BRICS countries analyze transition to digital currencies
The countries that make up the BRICS have discussed in their most recent meeting the use of digital currencies, as another alternative to dependence on the dollar.
Brazil, Russia, India, China and South Africa are the emerging economies…
Petrobras to invest in green hydrogen study
The Brazilian oil giant, Petrobras, announced an investment of R$90 million (equivalent to about $18.4 million) in an ambitious research project focused on the production of green hydrogen and its potential application as a renewable fuel…
Brazil’s Supreme Court temporarily suspends Odebrecht’s fine
Brazil's Supreme Court made a provisional decision by suspending the 8.5 billion reais (approximately $1.7 billion) fine imposed on the construction company Odebrecht due to its involvement in corruption cases.
Judge José Antonio Dias…
IMF predicts a contraction in Latin America’s GDP
Argentina’s economic crisis, which will contract by 2.8% in 2024, has led the International Monetary Fund (IMF) to cut Latin America and the Caribbean’s growth forecast for this year by 0.4 percentage points, to 1.9%.
This is indicated by…
Investment in Brazil fell 36% between January and November
In the period from January to November last year, Brazil experienced a 36% decrease in Foreign Direct Investment (FDI), reaching 52.716 million dollars, according to data from the Central Bank. Equity holdings fell by 22.8%, while lending…
Brazil approved 15 % flat tax on cryptocurrency profits
Brazilian authorities recently approved a flat 15 % tax on profits from cryptocurrency transactions that will come into effect on January 1, 2024.
According to local newspaper Diário Official da União, the bill was signed on December 12 by…
Banco do Brasil reported profits of USD 5.3 billion until September
Banco do Brasil, the country's second-largest financial institution, achieved profits of USD 5.3 billion in September, which represents 14 % more than the same period in 2022.
According to the data presented in the quarterly report, the…