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The Batista bros, Wesley and Joesley, who lead JBS SA, the world's largest meat supplier, are considerably expanding their business scope.They are now going into the energy sector through strategic acquisitions throughout Latin America.Fluxus, their oil and gas company, has just recently obtained functional assets from Pluspetrol, marking a substantial
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Read more: [Brazil] - Brazil's Batista Brothers Expand into Latin American Energy Sector
Write comment (96 Comments)Brazil's Supreme Court has actually partnered with leading social media platforms like YouTube, Meta, Google, Microsoft, Kwai, and TikTok.They aim to curb misinformation by educating the general public about its threats and directing them on what to think and what to question.Chief Justice LuÃs Roberto Barroso highlighted the requirement to secure totally free speech while fighting
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Read more: [Brazil] - Brazil Takes Aim at Online Misinformation with Help from Tech Giants
Write comment (95 Comments)Brazil's oil exploration in the vast Atlantic's pre-salt reserves faced a minor reduction in April 2024, according to the ANP agency.Amid these deep waters, the nation recorded an oil production of 3.194 million barrels daily, a 4.8% decrease from March.Nonetheless, this figure represents a resistant 1.7% increase compared to the same month last
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Read more: [Brazil] - Brazilian Oil Output Declines in April
Write comment (97 Comments)Santander's most current report offers fresh insights into the Latin American metals and mining sector. Brand-new experts have taken charge, keeping Vale (VALE3) as their top choice, favoring iron ore over steel.Santander recommends an outperform rating (similar to a purchase ) for Vale, with a rate target of $18 per ADR by the end of 2024. They expect iron ore
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Read more: [Brazil] - Santander's Top Picks in Brazil's Metals and Mining: What You Need to Know
Write comment (97 Comments)Thursday marked a noteworthy shift as the U.S. dollar fell to R$ 5.25, concluding a streak of gains.This downturn wasn't a separated event; it mirrored wider worldwide market trends where emerging currencies gained strength, strengthened by robust product performances.The day's trading closed with the area dollar down by 0.64% to R$ 5.249 for
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Read more: [Brazil] - Greenback Slides: Commodities and Currencies Align
Write comment (91 Comments)This Thursday saw a nearly 2% spike in oil prices, energized by a weakened U.S. dollar-- a boon for commodities.On the extremely same day, the eyes of financiers were locked on OPEC+ as the organization hinted at voluntary production cuts.Such relocations can drastically sway global markets, underscoring the influence of oil on economic currents worldwide.West
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Read more: Oil Prices Surge Over 1% Following Statements from Saudi Minister
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