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Carrefour Brasil (CRFB3), a significant player in the Brazilian retail sector, saw its shares increase by over 15% on February 11, 2025. The rise followed a statement by its moms and dad company, French retail giant Carrefour S.A., which proposed acquiring all exceptional shares of its Brazilian subsidiary to delist it from the São Paulo Stock Exchange
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- Category: Brazil
The dollar continued its decline against the Brazilian real for a second consecutive session on Tuesday, closing at R$5.7678, a 0.31% drop.
This occurred despite the United States imposing a 25% tariff on aluminum and steel imports. Investors focused instead on inflation trends and Federal Reserve Chair Jerome Powell’s remarks, which shaped market s
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- Category: Brazil
Read more: Dollar Weakens Against Real Despite U.S. Tariffs and Inflation Concerns
Write comment (94 Comments)Canadian mining business Rio2 Limited has actually officially begun building of its flagship Fenix Gold Mine in Chile's Maricunga Gold Belt, a region known for its rich mineral resources.The project, which represents a preliminary and sustaining capital investment of $235 million, is one of the biggest undeveloped gold oxide heap leach jobs in the
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Read more: Rio2 Breaks Ground on $235M Fenix Gold Mine in Chile's Atacama Region
Write comment (97 Comments)Elon Musk, alongside a consortium of investors, offered $97.4 billion on February 10, 2025, to acquire OpenAI. The bid aims to transform OpenAI, the nonprofit behind ChatGPT, into a for-profit entity under Musk’s leadership.
This unexpected move intensifies his rivalry with OpenAI’s CEO, Sam Altman, and signals Musk’s dissatisfaction with the org
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Read more: Elon Musk Leads $97.4 Billion Bid to Take Over OpenAI
Write comment (97 Comments)The Portuguese government plans to sell at least 49% of TAP Air Portugal, marking a significant step in privatizing the state-owned airline. Sources confirm the process will begin in March 2025, with completion expected by late 2025 or 2026.
The move aims to attract private investment to strengthen TAP’s financial stability and competitive position
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Read more: Portugal Advances TAP Air Portugal Privatization Amid Investor Interest
Write comment (94 Comments)President Donald Trump announced a 25% tariff on steel and aluminum imports, warning of automatic increases if affected countries retaliate. This policy, revealed on February 10, 2025, could significantly impact Brazil, a major exporter of these metals to the U.S.
The United States remains Brazil’s largest buyer of iron and steel and its s
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Read more: Trump Threatens Higher Tariffs if Countries Retaliate, Brazil Faces Economic Fallout
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