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Eletrobras (ELET6), a leading Brazilian energy company, reported a regulatory net revenue of R$9.7 billion ($1.9 billion) for Q1 2024.
This represents a 9% increase from Q1 2023. Primarily, tariff adjustments in the transmission segment propelled this growth.
Meanwhile, the generation sector faced challenges due to low energy prices and selling the
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- Category: Brazil
Read more: Eletrobras Reports Strong 9% Revenue Growth Amid Economic Shifts
Write comment (93 Comments)In 2023, Spain confirmed its status as a prime location for Latin American financiers, doubling their investments to $3.051 billion.Elisa Carbonell from ICEX and Andrés Allamand, Ibero-American Secretary General, showcased this in the Global LATAM 2024 report.During the presentation, they worried Spain's strategic function as an entrance to Europe a
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Read more: Latin American Firms Double Investments in Spain
Write comment (96 Comments)This Sunday, Panama holds an essential presidential election with José Raúl Mulino, linked to ex-president Ricardo Martinelli, as the frontrunner.He pledges to deal with migration concerns, battle drug trafficking, and renew Panama's failing economy.In the early 2000s, Panama enjoyed financial success, ranking amongst the most successful emerging
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Read more: Panama Election: Mulino Steps Up
Write comment (93 Comments)On May 4, 2024, an online platform sparked a heated argument on free speech in Brazil. Speaking from Manaus, previous President Jair Bolsonaro signed up with a live podcast.Hosted by Mario Nawfal, the event on platform X (formerly Twitter) drew 39,200 listeners.During the discussion, Bolsonaro expressed his issues. He criticized President Luiz Inácio Lula
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Read more: [Brazil] - Bolsonaro Speaks Out on Free Speech in Brazil
Write comment (90 Comments)Today, Latin America prepares for vital financial updates, with Brazil, Chile, Colombia, and Mexico set to release their newest inflation figures.Analysts project a diverse economic landscape. Brazil and Colombia might show slight improvements in their consumer price indices.Brazil's inflation rate is anticipated to approach the 3% target, signaling
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Read more: [Brazil] - A Week of Economic Decisions in Latin America
Write comment (100 Comments)Over the past fifteen years, Brazil has actually experienced a significant 138% boost in natural gas production.This exceptional growth, sustained by the Santos Basin's pre-salt reserves, raised daily output from 62.3 to 148.7 million cubic meters by early 2024. Despite these impressive figures, market supply has actually just seen a 37% increase in the same period. Such
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Read more: [Brazil] - Brazil's Natural Gas Dilemma
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