Brazil Financial News

Sake is perhaps even more Japanese than the world-famous sushi

The European Union has agreed to delay by a year the introduction of new rules to ban the sale of products that lead to massive deforestation

mutual funds have offered negative returns in 2024. Further analysis of these equity schemes showed that those who lost the most were from the international category. HSBC Brazil Fund lost the most of around 23.78% in 2024, followed by Mahindra Manulife Asia Pacific REITs FOF which lost 7.28% in the mentioned period.

Subscribe to enjoy similar stories. A deluge of cheap Chinese goods washing over the developing world is jacking up tensions between China and the Global South, complicating Beijing’s plans to build alliances as it confronts escalating trade tensions with the U.S. With President-elect Donald Trump saying he plans to significantly increase tariffs on China, Beijing is hoping to unload more of its excess factory production to developing-world countries, from Indonesia to Pakistan to Brazil.

Subscribe to enjoy similar stories. The president-elect of the US, Donald Trump, has threatened the Brics nations with 100% tariffs should they create their separate currency or back any other currency in their attempt to move away from the dollar.

Asian shares are mostly higher after technology stocks pulled Wall Street to another record finish

Trump has threatened retaliation against governments that challenge the US dollar, vowing «100 percent tariffs» on countries that undercut the US currency. The Republican vowed the action on states that «create a new BRICS Currency» or otherwise «replace the mighty US dollar,» according to a post on Truth Social on Monday. BRICS refers to a grouping that includes Brazil, Russia, India, China and South Africa, and has expanded in recent years to include Iran, Egypt, Ethiopia and the United Arab Emirates.

Bitcoin price action, this week has given some refreshing developments that could potentially change the course of the crypto market. From Trump’s aggressive appointment plans to appoint pro-crypto regulatory leaders to nations like China, Brazil, Morocco, and Hong Kong taking a more bullish stance on digital assets, here’s what happened in crypto over the week. Trump’s Plans for the Regulators:

Shares have started the week higher in Asia, led by gains in China as monthly surveys showed improving conditions for manufacturing

President-elect Donald Trump is threatening 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar

Donald Trump prepares for his second term as US President, his aggressive trade stance is already creating ripples in the global economy. A key element of his protectionist policies is the threat of imposing 100% tariffs on BRICS countries, including India, if they move away from using the US dollar in international transactions. This bold stance, declared through a scathing social media post, could have severe consequences for India’s exports, particularly in critical sectors such as pharmaceuticals, textiles, and information technology. Trump’s remarks come in response to discussions among BRICS nations, which include Brazil, Russia, India, China, and South Africa, regarding the possibility of reducing their reliance on the US dollar for trade. A summit held in Russia in October focused on increasing local currency transactions, a move that Trump has now vowed to challenge. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump wrote, warning that any country attempting to replace the dollar with another currency would face significant tariff hikes. Also Read: Trump threatens 100% tariff on BRICS countries over currency plans

Amazon workers across more than 20 countries which include the US are actually planning to strike from Black Friday through Cyber Monday as part of the 'Make Amazon Pay’ campaign, reported New York Post. This initiative aims to hold the company accountable for alleged labor abuses, environmental degradation and threats to democracy. According to New York Post, organizers from UNI Global Union and Progressive International stated that the strikes are intended to unify workers globally against the corporate exploitation. The protests will take place in major cities worldwide which will be including the US, UK, Germany, Japan, Brazil, India and Turkey, asserted New York Post. Striking workers will be supported by various unions and advocacy groups.

Dune: Prophecy, the prequel series to the Dune movies, continues with Episode 3 on December 1, 2024.

Dr Reddy's Laboratories on Wednesday announced the launch of toripalimab, an immune oncology drug to treat adults with a rare and aggressive form of head and neck cancer that originates in the nasopharynx, the upper part of the throat. Toripalimab, a new biological entity (NBE), is approved by various regulatory authorities around the world including the US Food and Drug Administration, European Medicines Agency and Medicines and Healthcare products Regulatory Agency for the treatment of adults with recurrent or metastatic nasopharyngeal carcinoma (RM-NPC). Last year, Dr Reddy's entered into a licence and commercialisation agreement with Shanghai Junshi Biosciences Co. for toripalimab. Under this agreement, it obtained exclusive rights to develop and commercialise the drug in 21 countries including India, South Africa, Brazil and various countries in South America. The agreement also allows Dr Reddy's to expand the scope of the licence to cover Australia, New Zealand and nine other countries.

Subscribe to enjoy similar stories. Russian aluminium giant Rusal recently shook the global market with its plan to slash output by more than 6%, citing skyrocketing alumina prices and weakening domestic demand. The decision comes amid a surge in alumina prices, which have more than doubled to about $700 a tonne owing to supply disruptions in Guinea, Brazil and Australia.

Subscribe to enjoy similar stories. New Delhi: Indian cows and buffalos may be put on a diet of seaweed to tackle the problem of bovine burps–the methane-emitting scourge in the fight against climate change. Red seaweeds are a well-known diet supplement to control fatulence among ruminants–animals such as cows, buffalos, sheep and deer–that feed on grass.

Several states in Brazil are trying to rid themselves of rainforest protections, bowing to pressures from cattle ranchers and soybean growers to cut forest and expand agriculture as much as possible

Subscribe to enjoy similar stories. Arabica coffee prices have hit their highest level since 1977 as concerns grow about tight global supplies. Continuous arabica coffee futures on the ICE rose 2.8% to $3.175 a pound, near the all-time record of $3.356.

Brazilian beef is headed back to the shelves of Carrefour-owned grocery stores after a brief boycott sparked by remarks from the French company’s chief executive about nations in the South America trade bloc Mercosur

The EU and the South American trade bloc Mercosur are working to finalize a trade deal that has been in negotiation for over 20 years