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 combined with natural gas in engines.
The state-owned…
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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…
Unemployment rate in Brazil continued to fall during the third quarter
The increase in the number of citizens working, together with the decline in people looking for work in the third quarter of this year, contributed to the fall in the unemployment rate in Brazil.
According to data from the Brazilian…
Brazil will file charges against Binance CEO
A Brazilian congressional committee recommended that local authorities file charges against Binance CEO Changpeng "CZ" and three other Binance executives following an investigation into financial pyramid schemes in Brazil.
On October 10,…
Brazil presented millionaire investment opportunities
The Government of Brazil revealed foreign investment opportunities worth a colossal value of 30.5 billion dollars to diplomats from various nations.
Brazilian authorities are actively searching for investors interested in highway…
Brazil will become an international tourist power
The Brazilian government wants to turn the country into an international tourist power that will make its economy grow and "improve the life of the people", betting on its natural resources as an attraction and publicizing its wide variety…
Minimum wage in Brazil will have a permanent increase
Brazil will guarantee the permanent increase in the minimum wage starting in 2024 according to the new law sanctioned this Monday by President Luiz Inácio Lula da Silva.
The law, which was previously approved by Congress, also establishes…
Argentina and Brazil signed a historic pact to boost trade
In an announcement that resonated with great importance, Argentina and Brazil closed a pact of historical relevance on Tuesday. The Development Bank of Latin America-CAF played a crucial role by offering guarantees for a value of 600…