Brazil Financial News

Rafael Nadal and Carlos Alcaraz are getting the hang of this doubles thing, improving to 2-0 as a team at the Paris Olympics and moving into the quarterfinals with a 6-4, 6-7 (2), 10-2 match tiebreaker victory over Tallon Griekspoor and Wesley Koolhof of the Netherlands on Tuesday. Playing a day after Nadal's singles loss to rival Novak Djokovic and Alcaraz's win against Griekspoor, the old-and-young Spanish duo, wearing polo shirts in slightly different shades of red, didn't look like a pairing that never had played together until this event.

Diageo reported 4.8% decline in annual profit on Tuesday, just short of analyst expectations, due to a steep decline in sales in Latin America and the Caribbean.

budget will help keep its growth outlook healthy, said World Bank chief economist Indermit Gill, flagging the reduction in public debt as a key focus area for the government, along with putting education in mission mode. He noted that India has done a good job of making sure the fiscal deficit is reduced from last year.

Finance ministers from leading rich and developing nations have agreed to strive toward effectively taxing the super-rich

Elancourt, France There are silvers and there are silvers. This one was a mega deal for the United States–and a signal of what’s to come. Haley Batten didn’t win the gold medal in mountain biking at the Summer Olympics, but the silver she earned Sunday was momentous.

equity markets to record highs in the current financial year. The benchmark Nifty 50 index has delivered 10.5% returns since 1 April, and has outperformed the equity indices of several countries, including China, Mexico, Brazil, France, Canada, South Korea, Australia, Germany, the UK and Hong Kong. The benchmark indices of these countries have delivered returns between -8.2% and 2.9%.

US Treasury Secretary Janet Yellen travelled Saturday to the mouth of the Amazon River, pitching the idea that fighting climate change would bolster economic growth in the region and across the globe.

Simone Biles. Even now, after two Olympics, six world championships, and a decade-plus in the spotlight. The most decorated gymnast of all time and the face of the U.S. Olympic movement will be chatting with someone when her age comes up.

sugar sector, which he said would be crucial in making India a developed economy by 2047. Kant's comments come as the industry presses for lifting a sugar export ban and increasing the minimum selling price of sugar in line with cane prices, among other demands.

India's state-run companies scouting the globe for long-term energy supplies are waking up to the power of joint negotiation. Public sector oil refiners will increasingly team up to negotiate oil and gas supplies from abroad, two people aware of the plans said, in a departure from the existing practice of negotiating separately. The joint negotiations are expected to improve their bargaining power, and ensure that they don't compete against each other for the same contracts and drive up prices.

Finance ministers from leading rich and developing nations are meeting in Rio de Janeiro to discuss a global tax on the super-rich

Brazilian government on Thursday apologized for human rights violations in the persecution and incarceration of Japanese immigrants in the years after World War II.

Brazil's vision for a global deal to tax the ultra-rich sparked divisions Thursday at a meeting of G20 finance ministers in Rio de Janeiro, where Washington dismissed the need for an international accord on the matter.

Sharks off the coast of Rio de Janeiro, Brazil, have been found with cocaine in their systems, as revealed by a study published in the Science of The Total Environment. Researchers from the Oswaldo Cruz Foundation discovered cocaine in the muscle and liver tissues of 13 Brazilian sharpnose sharks. This contamination is largely due to inadequate sewage treatment facilities and clandestine refining operations.

Brazil’s Forest Service has announced a plan to bring a massive area of Amazon rainforest currently vulnerable to illegal deforestation under national governance Tuesday

Two crypto promoters involved in the infamous Forcount Ponzi scheme pleaded guilty to conspiracy to commit wire fraud on Monday in New York.

Coca-Cola Company on Tuesday reported a 2 per cent unit case volume growth in the second quarter of 2024 driven by growth in India, Brazil, and the Philippines. The company, which is leveraging packaging innovation in India by utilising an ultra-lightweight affordable bottle with an extended shelf life, said the package is now available in over half of the country's commercial beverage outlets and has added more than 400 million transactions in the first half of the year.

Digital asset investment products saw a substantial inflow of $1.35 billion last week, bringing the total inflows over the past three weeks to an impressive $3.2 billion.

The traditional signal for a market bubble, as the popular adage goes, is when your cab driver or barber discusses stocks. The top-down variation of this indicator must be when finance ministry mandarins talk about asset allocation and profit booking. The Economic Survey 2024, tabled in Parliament by finance minister Nirmala Sitharaman on Monday, highlighted various drivers of the Indian economy and suggested policy measures to lift growth and safeguard economic resilience.

Airbus has shortlisted eight sites in India to open its second assembly line in the country in partnership with Tata Advanced Systems (TASL), weeks ahead of the inauguration of the first, which is for the C295 transport plane. The second plant will make the H125 and will be the fourth for the single-engine helicopter after factories in France, Brazil and the US. It will produce around 10 helicopters a year with the first of these debuting in early 2026. Airbus expects the Indian subcontinent excluding Pakistan to be a market for about 500 such helicopters over the next 20 years. The H125 starts at a list price of '30 crore. «The FAL (final assembly line) in India will not only make us competitive in terms of lead time, delivery time, it will also help us address the growth of the Indian market and possibly the demand from neighbouring nations,» Olivier Michalon, executive vice president, global business, Airbus Helicopters, told reporters in the French city, location of the helicopter's first assembly line. He expects the model to be as successful in India as the Airbus A320 is with the country's airlines. «H125 is our A320,» he said.