Brazil Financial News

ARK Investment Management CEO Cathie Wood believes Bitcoin (BTC) could soon be nearly as valuable as gold, according to a recent interview she conducted with Brazilian financial markets information firm, InfoMoney.

Lawmakers in the United States and the United Kingdom are urging the Securities and Exchange Commission not to allow JBS, the world’s largest meatpacking company, to be listed on the New York Stock Exchange

Kristalina Georgieva on Thursday said interest rates should keep falling in 2024 but cautioned that there is no room for any policy error as the last mile is «very, very tricky». In an interview with the World Economic Forum here during its Annual Meeting 2024, she said that the central banks should not tighten prematurely because then they may lose the victory that is now in their hands. Expecting the positive trend to continue in 2024, she said, «The inflation rate is going down, on average.» The International Monetary Fund's Managing Director, however, flagged the regional discrepancies still persisting around.

By Ueslei Marcelino

At least $1 trillion of government securities traded daily in the most populous nation and biggest democracy is poised to become the darling of international investors when India this year joins the benchmark for emerging-market debt compiled by JPMorgan Chase & Co. India's entry following Russia’s exclusion after Vladimir Putin's 2022 invasion of Ukraine (and 2014 seizure of Crimea) and when China's sovereign debt is losing its luster, will make Asia's third-largest economy a beneficiary of as much as $40 billion of inflows during the next 18 months, according to Goldman Sachs Group Inc.

SAO PAULO (Reuters) -Shares in Brazilian airline Gol tumbled on Monday after local newspaper Folha de S.Paulo reported that the company was considering filing for Chapter 11 bankruptcy protection in the United States within the next month.

(Reuters) — Chinese electric car-maker BYD (SZ:002594) has held talks with Brazil's Sigma Lithium (TSXV:SGML) over a possible supply agreement, joint venture or acquisition, the Financial Times reported on Sunday.

RIO DE JANEIRO (Reuters) — Brazil's seaside city of Rio de Janeiro, famed for its crowded beaches and lush surrounding hills, is sending drones buzzing into the air to disperse seeds, part of a high-tech push that seeks to speed up local reforestation efforts.

Mexico, and Brazil. Appreciating the development, Roland Landers, CEO of All India Gaming Federation (AIGF), said, “This decision will help with responsible innovation and provide a bouquet of choices to the Indian consumer.

Exchanges that buy coins overseas to sell on the domestic market account for most of Brazil’s cross-border crypto trade, a Central Bank report has found.

The amount of renewable energy installed around the world last year grew at its fastest rate in the past 25 years

A consumer advocacy group filed a lawsuit against Starbucks Wednesday, saying the company’s claim that its coffee is ethically sourced is false and misleading

Moneycontrol report. “Unfortunately, owing to local market conditions, we can no longer continue to serve users of Resso in India. We have therefore decided to shut down Resso and its associated operations on January 31.

A man who was tunneling for gold underneath his kitchen floor, chasing a literal dream he had that there was precious ore waiting for him, has died after falling into the hole.

Gaza, as Prime Minister Benjamin Netanyahu publicly rebuffed for the first time calls by some right-wing ministers to permanently occupy the enclave. As Israel's war in Gaza continued to rage, the International Court of Justice in The Hague, also known as the World Court, was to hold hearings on Thursday and Friday in a case brought by South Africa in December claiming Israel's war against Hamas militants in Gaza violates the 1948 Genocide Convention.

Brazil has observed the anniversary of last year’s uprising in the capital when thousands of supporters of former President Jair Bolsonaro stormed government buildings and called for a military intervention to remove President Luiz Inácio Lula da Silva...

Portugal is no longer a route to a "golden visa" giving residency rights but foreigners who want to secure one can still put their money into investment funds, which now anticipate a boom in inflows. The Portuguese government has tightened the rules after initially saying in February 2023 that it would scrap the golden visa scheme, which has been blamed for exacerbating a housing crisis. It had already sought to redirect property investments from big cities to depopulated areas. The scheme, which offers wealthy non-EU nationals who invest in Portugal the right to live in the country, has attracted 7.3 billion euros ($8 billion) of funds since its 2012 launch. Most participants are from China, Brazil and the United States. Around 90% of that money went into real estate, sparking complaints it was driving up house prices in one of western Europe's poorest nations. The European Commission has meanwhile called for an end to such programmes, citing security risks.

(Reuters) -The latest setback for Boeing (NYSE:BA)'s top-selling 737 MAX aircraft occurred on Friday when a panel blew off an Alaska Airlines plane forcing its pilots to make an emergency landing.

Agrochemicals manufacturer GSP Crop Science is eyeing Rs 1,800 crore in revenue in 2024-25, following its domestic as well as overseas market expansion, a top company executive has said. “In 2022-23, our annual revenue was at Rs 1,600 crore. We are looking at Rs 1,800 crore revenue in FY25. Overall our target is to reach Rs 2,500 crore in next 3-4 years with the addition of overseas business especially in Brazil,” GSP Crop Science Managing Director Bhavesh Shah told PTI.

Deforestation in the Brazilian Amazon fell by half last year, according to figures released Friday, as President Luiz Inacio Lula da Silva's government bolstered environmental policing to crack down on surging destruction. However, the news was far less bright from the crucial Cerrado savanna below the rainforest, where clear-cutting hit a new annual record last year, rising by 43 percent from 2022, according to the national space research agency's DETER surveillance program. Satellite monitoring detected 5,152 square kilometers (nearly 2,000 square miles) of forest cover destroyed in the Brazilian Amazon last year, down 50 percent from 2022. That still represented a loss 29 times the size of Washington DC in Brazil's share of the world's biggest rainforest, whose carbon-absorbing trees play a vital role in curbing climate change. Meanwhile, the Cerrado, a biodiversity hotspot whose ecosystems are intricately linked with the Amazon's, lost over 7,800 square kilometers of native vegetation last year, the highest since monitoring began in 2018. «We saw some important victories on the environment in 2023. The significant reduction in deforestation in the Amazon was a highlight,» said Mariana Napolitano of environmental group WWF-Brasil. «But unfortunately we aren't seeing the same trend in the Cerrado… That is harming the biome and the extremely important ecosystem services it provides.

Of the firm's 124 equity categories, 19 returned a net negative performance in 2023, with the bottom ten dominated by Asia exposures.