Brazil Financial News

fire in a remote area near Brazil's border with Peru and Bolivia, AFP reported citing local media reports, Many of the passengers were returning to the neighboring Amazonas state after receiving medical care, the local media reports said. According to the reports, the passenger list included six men, three women and one baby, as well as two pilots.

Tether, the preeminent stablecoin firm globally, has once again exemplified its resolve against illicit financial activities by freezing 32 cryptocurrency addresses, implicated in terrorism and warfare funding within Israel and Ukraine. The move showcases the intensifying collaboration between cryptocurrency establishments and global law enforcement to counteract the rising tide of digital-financed crime.

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According to Datasembly, a retail price tracking company, the prices of candy and gum have surged by an average of 13% this month compared to last October, which is more than double the 6% increase in all grocery prices. This increase comes on top of a 14% jump in candy and gum prices in October 2022. Weather Impact The driving force behind these higher prices is adverse weather conditions.

By Lisandra Paraguassu

By Elvira Pollina

Launched in September 2019, Mint’s Emerging Markets Tracker provides a summary of economic activity across 10 large emerging markets based on seven high-frequency indicators. With a composite score of 79, India topped the EM league table in September.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

The Tax Office dropped part of the $1.4 million in penalties that it slapped on PwC last year because it mixed up some of the documents that it claimed were false and misleading, ATO second commissioner Jeremy Hirschhorn has told a Senate committee.

BRASILIA (Reuters) — Approval of President Luiz Inacio Lula da Silva's performance has fallen in the last two months as Brazilians worry that Latin America's largest economy is worsening, a new Genial/Quaest poll showed on Wednesday.

Heineken retained its full-year outlook on Wednesday after the world's second largest brewer sold less beer in the third quarter but still took in more money due to higher prices and consumers opting for more expensive lagers. The Dutch maker of Europe's top-selling lager Heineken, as well as Sol and Tiger, said Brazil and Mexico were strong, Asia was improved from earlier but still down, Africa volumes were hit by declines in Nigeria and South Africa and Europe was affected by poor summer weather in July and August. Chief Executive Dolf van den Brink said in a statement that Heineken was seeing improved volume trends in half of its markets and was holding market share in just over half. «Whilst inflation-led pricing is tapering, we observe a slowdown of consumer demand in various markets facing challenging macro-economic conditions,» he said. Heineken said beer volumes fell by 4.2% on a like-for-like basis in the July-September quarter, with declines in all regions except the Americas.

BRUSSELS/LONDON (Reuters) -Heineken retained its full-year outlook on Wednesday, bolstering shares in the world's second largest brewer even as it sold less beer.

Torrent Pharmaceuticals share price gave up early gains to trade over 2% lower on Wednesday after the company reported a strong rise in its net profit and revenue for the second quarter of FY24. Torrent Pharma declined as much as 2.74% to ₹1,822.80 apiece on the BSE. The pharma company posted a consolidated net profit of ₹386 crore for the September quarter, up 24% from a year ago, while its revenue rose by 16% to ₹2,660 crore from ₹2,291 crore a year earlier.

The Tax Office’s secret settlement with PwC in March shaved $785,400 off penalties and blocked any further action against the big four firm and its clients for making false claims of legal professional privilege over an estimated 100,000 documents.

RIO DE JANEIRO (Reuters) — The board of Brazilian state-run oil giant Petrobras should decide whether or not extra dividends will be paid out near the end of the year, the firm's Chief Financial Sergio Caetano told Reuters on Tuesday.

By Karl Plume

UN General Assembly will meet Thursday to discuss the conflict triggered by the attack by Hamas militants on Israel, the body's president announced in a letter to member states. The Security Council has so far failed to agree on a resolution concerning the war, but a number of states — including Jordan on behalf of an Arab group of nations, Russia, Syria, Bangladesh, Vietnam and Cambodia — formally requested General Assembly President Dennis Francis to schedule the meeting. Last week, the UN Security Council, regularly divided on the Israeli-Palestinian issue, rejected a Russian draft resolution calling for a «humanitarian pause.» Only five of the 15 member states had supported the text, which condemned all violence against civilians and all terrorist acts, but did not name Hamas, an unacceptable omission to the United States, the United Kingdom and France. Washington then vetoed a second resolution put forward by Brazil as the text did not mention Israel's right to defend itself. Twelve out of 15 Council members voted in favor of that resolution, which also condemned the «heinous terrorist attacks by Hamas,» while Russia and the United Kingdom abstained. The United States was the only vote against, but as one of the body's five permanent members its vote counts as a veto. The Security Council will meet to discuss the issue Tuesday ahead of the General Assembly's gathering Thursday at 10:00 am (1400 GMT).

Torrent Pharma on Monday posted Rs 386 crore net profit, a year-on-year (YoY) rise of 24% in the second quarter ended September led by sales growth across its key markets of India, Brazil and Germany. The company reported net profit of Rs 312 crore during the corresponding period of previous year. Revenues rose 16% YoY to Rs 2,660 crore during Q2FY24, compared to Rs 2,291 crore in Q2FY23. The earnings before interest, tax, depreciation and amortisation (EBITDA) rose 22% YoY to Rs 825 crore. The R&D spend rose 9% YoY to Rs 132 crore in the second quarter. India sales that constitute over half of Torrent's revenues grew 18% YoY to Rs 1,444 crores in Q2FY24. Torrent said the growth was led by continued double digit growth in chronic therapies, revival in gastro demand, traction in consumer division, and new launches. Curatio portfolio grew by 17% led by strong growth in top focus brands. Brazil revenue was up by 36% YoY to Rs 252 crore.

Torrent Pharmaceuticals Ltd on Monday reported a consolidated net profit of ₹386 crore for the September quarter up 24% from a year ago, while revenue rose by 16% from ₹2,291 crore a year earlier to ₹2,660 crore. Its earnings before interest, taxes, depreciation and amortization (Ebitda) was at ₹825 crore, with 32% ebitda margin. Net profit margin was at 14.5% for the period.

NEW DELHI : India-backed Global Biofuels Alliance (GBA) is looking for more countries to join it from South-east Asia and Africa after the Philippines and Tanzania became the latest entrants. The move is strategically significant as it is expected to give India an upper hand over China which has interests in both South East Asian and Africa and has been opposed to joining the alliance. The alliance launched on 9 September on the sidelines of the G20 Leadership Summit was initially conceptualized with a view to getting all G20 members on board.

domestic market and in Brazil. Consolidated net profit was 3.86 billion rupees ($46.4 million) for the quarter ended Sept. 30, compared with 3.12 billion rupees a year earlier. Analysts, on average, estimated a profit of 3.87 billion rupees, as per LSEG data.