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Santander Brasil reported a 27.8% jump in net profit for the first quarter of 2025, reaching R$3.86 billion ($643 million). This performance slightly surpassed market expectations and highlighted the bank’s ability to navigate Brazil’s challenging macroeconomic environment.
The bank’s net interest income, which reflects earnings from loans after d
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Read more: Santander Brasil Posts Strong Q1 Profit, Underlines Strategic Value for Parent Group
Write comment (97 Comments)Eurostat reported that the eurozone economy grew by 0.4% in the first quarter of 2025, surpassing the 0.2% forecast and doubling the previous quarter's pace.This marks the fifth straight quarter of expansion and offers a modest boost for organization sentiment throughout the 20-nation currency bloc. The wider European Union also grew, with GDP increasing by
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Read more: Eurozone Growth Outpaces Forecasts but Faces Trade Headwinds
Write comment (98 Comments)Argentina’s Agriculture Ministry data reveals that the country’s soybean sales have dropped to their slowest pace in eleven years, with only 24% of the 49 million metric tons from the 2024/25 harvest sold by late April.
This slowdown comes despite the government’s efforts to ease exchange controls and encourage quicker sales. Farmers, who t
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Read more: Uncertainty Over Peso Drives Argentine Soybean Sales to Decade Lows
Write comment (92 Comments)Brazilian industrial giant WEG posted a 16.4% rise in net profit for the first quarter of 2025, according to company filings. Net profit reached R$1.54 billion ($257 million), up from the previous year but well below the R$1.78 billion ($297 million) that analysts expected.
WEG’s net revenue climbed to R$10.08 billion ($1.68 billion), a 25.5% i
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Read more: WEG’s First Quarter: Growth Outpaces Peers, But Margins Face Pressure
Write comment (91 Comments)On April 29, 2025, multiple Peruvian financial sources confirmed that Banco de Crédito del Perú (BCP) received regulatory approval to run a pilot program for buying and selling Bitcoin.
This move marks the first time a major Peruvian bank integrates cryptocurrency transactions into its official channels. BCP submitted its application to the
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Read more: Peru’s Largest Bank Tests Bitcoin Trading, Eyes New Payment Solutions
Write comment (96 Comments)Ukraine and the United States are close to settling a minerals agreement that might improve the international rare earths market, according to Ukrainian officials and public statements from both governments.The offer, which has taken months to work out, would provide the US preferential access to Ukraine's untapped rare earths and other crucial mineral r
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Read more: Ukraine and U.S. Forge Rare Earths Pact to Counter China's Supply Chain Grip
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