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In the first quarter of 2024, Latin America’s exports experienced a growth of 1.3% compared to the same period in 2023.
This increase follows nearly a year of declining exports and occurs despite price volatility in key regional commodities.
The outlook for the region’s trade performance has improved significantly. Looking ahead, the balance of r
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- Category: Brazil
Read more: Latin American Exports Rise Amid Coffee, Soybean, and Commodity Volatility
Write comment (96 Comments)China’s State Power Investment Corporation announced a R$780 million ($147.41 million) investment in two new Brazilian wind farms.
Located in Rio Grande do Norte, these wind farms will provide 105.4 megawatts (MW) of power.
Construction is set to begin in January 2025, with operations starting the following year.
SPIC is also making waves in the
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Read more: China Invests Heavily in Brazilian Renewable Energy Sector
Write comment (100 Comments)This Thursday, Brazilian firms Eletrobras and Petrobras advanced their sustainable energy initiatives and international partnerships.
Eletrobras (ELET3) plans to secure up to R$10.9 billion (about $2 billion) through various funding strategies.
Eletrobras is securing R$4 billion from Citibank N.A. and launching R$2 billion in commercial promissory
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Read more: Eletrobras and Petrobras Drive Major Corporate Developments in Brazil Today
Write comment (93 Comments)This Wednesday marked a significant moment: the U.S. dollar soared to R$ 5.30, reaching its highest point in 15 months.This spike is connected to fears over Brazil's fiscal policy, specifically possible changes that might ditch taxes on certain imports under the Green Mobility and Innovation Program.The Brazilian real has actually gradually lost ground,
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Read more: [Brazil] - U.S. Dollar Hits 15-Month High Against the Real
Write comment (91 Comments)Zamp (ZAMP3) revealed it will get Starbucks' Brazilian operations for R$ 120 million (about $23 million). This acquisition marks a considerable action for Zamp. It will expand its presence in the Brazilian market.Currently, Zamp manages Burger King and Popeyes in Brazil. SouthRock, the previous operator of Starbucks in Brazil, applied for judicial
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Read more: [Brazil] - Zamp to Acquire Starbucks Brazil: A Major Move in the Fast Food Industry
Write comment (95 Comments)On Wednesday, Argentina's financial markets faced considerable turmoil due to political and financial shifts.The Chamber's approval of a brand-new pension formula, expected to draw up to 0.4% of GDP, has stimulated concerns.Simultaneously, Argentine financial obligation securities plunged, with the country's danger score rising previous 1,500 points.Despite this, the Merval
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Read more: Political Tumult Hits Argentina's Markets: Bonds Drop and Risks Soar
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