Brazil Financial News

Many central banks and governments around the world want to kick their dollar addiction. They aren’t getting very far—except when forced. The percentage of official foreign-exchange reserves allocated to U.S.

oil trading at $100-a-barrel next year? Because a triple-digit price tag wouldn’t just mean elevated energy prices — it would also turbocharge the dollar. The combination of expensive barrels and a rampaging greenback could make crude a wrecking ball in 2024 that keeps inflation high enough to destroy growth around the world. The more oil soars, the pricier the dollar is likely to be, creating a pernicious feedback loop.

Social media influencers were shaken well-known Brazilian influencer Samya Silva was tragically shot and killed on October 1, 2023. At just 21 years old, her life was cut short in a shocking incident that unfolded in Teresina, Brazil, leaving her family, friends, and followers in mourning. As authorities investigate this heart-wrenching case, let's take a moment to remember who Samya Silva was and the circumstances surrounding her untimely demise.

Adani Wind, the wind energy solutions division of Adani New Industries (ANIL), plans to invest ₹2,000 crore in setting up 5 GW (giga watt) capacity in five years, a senior company official told ET. Thereafter, the capacity would be scaled up to 10 GW in another two years, by 2030. «We will be expanding our capacity in four phases.

SAO PAULO (Reuters) — Industrial production in Brazil rose slightly less than expected in August, data from government statistics agency IBGE showed on Tuesday, as the sector struggles to gather speed amid high interest rates.

Major Brazilian investment bank BTG Pactual is acquiring cryptocurrency-friendly brokerage Orama DTVM as part of its strategy to expand the bank’s digital platforms.

Mário Centeno, the governor of Banco de Portugal, joins a chorus of regulators claiming that national efforts to oversee crypto wouldn’t work correctly without a global framework. 

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

Goldman Sachs has named Aaron Lamshed as its head of equity capital markets in Australia and New Zealand, as Ian Taylor swaps investment banking for a C-suite role at his client APM Human Services.

Real Madrid at the Stadio Diego Armando Maradona on Tuesday in what promises to be one of the most captivating matches of this week's Matchday 2 in the UEFA Champions League group stage. Napoli emerged victorious in their opening game against Braga, while Real Madrid secured a win against Union Berlin thanks to Jude Bellingham's late goal. Carlo Ancelotti's squad is anticipated to maintain its lineup against Napoli, with Aurelien Tchouameni and Eduardo Camavinga partnering with Toni Kroos, while Jude Bellingham operates in an advanced midfield role to provide support for Rodrygo and Vinicius Jr. Napoli is expected to line up in a 4-3-3 formation, featuring Kvicha Kvaratskhelia and Matteo Politano as wingers and Nigerian forward Victor Osimhen leading the attack. Brazilian defender Natan is likely to pair with Leo Ostigard in central defense.

Brazil-based aerospace major Embraer plans to attract potential collaborators and partners to grow its presence in India.

CNBC report. Other than falling trend of travelling in many countries, leisure travelling continues to be popular in countries like China, Mexico, Japan, and Brazil, reported CNBC citing Morning Consult’s “The State of Travel & Hospitality" study published in September. At the global level, the falling interest in travelling in most of the countries can be explained by the fading away of the phenomenon of ‘revenge travelling’.

By Karin Strohecker and Sumanta Sen

World Cup champion Ronaldinho is all set for his much-anticipated maiden visit to the vibrant city of Kolkata during the upcoming Durga Puja festivities. The three-time Ballon d'Or awardee, celebrated for his exceptional football prowess, is joining the league of illustrious sports figures who have been welcomed by this fervently football-loving city, including Pele, Diego Maradona, and Lionel Messi. Ronaldinho, through his official Facebook page, shared the exciting news with his admirers, stating, «Hello Everybody, I will be making my inaugural trip to Kolkata this mid-October.» He acknowledged Kolkata's substantial community of Brazilian football enthusiasts and expressed his enthusiasm for meeting these ardent fans. During his visit, Ronaldinho has plans to meet with the honorable Chief Minister of West Bengal, Mamata Banerjee, and extend a jersey as a token of his gratitude.

Brazil is set to issue digital identification documents for its more than 214 million citizens using blockchain technology.

Over 214 million Brazilians will soon be using blockchain technology for digital identity, the government recently announced.

A United States appellate court directed the Securities and Exchange Commission (SEC) in August to reassess its denial of Grayscale's application for a Bitcoin exchange traded fund (ETF). A little-noted consequence of that decision is that it could open the floodgates for $600 billion in new cash to enter the cryptocurrency market.

Russian business leaders want to use “digital assets” and a “single digital currency” to trade with BRICS members and other “friendly” nations.

Epic Games, the company behind Fortnite, has slashed 16% of its workforce — approximately 830 staff — after unrealistic expectations of metaverse-inspired revenue caused it to spend “way more” money than it had been earning.

Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply increases by Russia and Saudi Arabia outweighed forecasts of positive demand from China during its Golden Week holiday. Brent November futures which expire on Friday were down 21 cents to $95.17 per barrel. Brent December futures lost 10 cents to trade at $93.00 per barrel at 0055 GMT. U.S.

Portugal's government says it plans to privatize flag carrier TAP Air Portugal next year