Brazil - TheIndianSubcontinent

Braskem, Latin America's largest petrochemical company, closed 2024 with a staggering R$ 5.65 billion ($940 million) bottom line in the 4th quarter.This marked a 259% boost compared to the very same duration in 2023, as revealed in its financial report on February 27. For the full year, losses totaled R$ 11.32 billion ($1.89 billion), up 147% from 2023,

Details: Category: Brazil; Published: 28 February 2025

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Oil prices soared on Thursday, February 27, after U.S. President Donald Trump announced measures disrupting international crude supply chains.Brent crude futures for April delivery increased 2.08%, closing at $74.04 per barrel, while West Texas Intermediate (WTI) gained 2.52%, settling at $70.35 per barrel.These sharp increases show market worries over

Details: Category: Brazil; Published: 28 February 2025

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The cryptocurrency market suffered a sharp decline on February 27, 2025, as Bitcoin (BTC) dropped to $79,000, marking a 17.2% loss over the past seven days and a 23.27% drop in the last 30 days.

This level of sustained decline was last seen during the mid-2022 market crash, driven by regulatory tightening and macroeconomic pressures. The global cryp

Details: Category: Brazil; Published: 28 February 2025

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The US dollar climbed to R$5.84 this morning, extending its rally amid global trade tensions and domestic market shifts.

On Thursday, the currency closed at R$5.8293, up 0.47% for the day, according to Money Times. This marks a 1.73% weekly gain for the dollar, though it remains down 5.66% in 2025.

The surge followed former US President Donald

Details: Category: Brazil; Published: 28 February 2025

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Gold prices dropped below the vital $2,900 per troy ounce mark on Thursday, February 27, pressured by a stronger U.S. dollar and increasing Treasury yields.According to data from the COMEX department of the New York Mercantile Exchange (Nymex), gold futures for April delivery closed at $2,895.90, marking a 1.18% decline. The rare-earth element is now on

Details: Category: Brazil; Published: 28 February 2025

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The Ibovespa, Brazil’s benchmark stock index, closed nearly flat on February 27, 2025, at 124,798.96 points, edging up by just 0.02%.

Reuters reported that Embraer’s (EMBR3) stellar fourth-quarter results drove gains, while Petrobras (PETR4) weighed heavily on the index with disappointing earnings and dividend news.

Trading volume reached R$1.14