Brazil Financial News

Torrent Pharmaceuticals Ltd. on Monday reported a consolidated net profit of ₹378 crore for the June quarter (Q1 FY24), up 7% year-on-year (YoY). Revenue rose to ₹2,591 crore during the quarter under review from ₹2,347 crore a year ago.

Investors in emerging markets are shifting to stocks from bonds as they prepare for the world after monetary tightening. There are early signs of a rotation under way, with equity benchmarks beating local-currency bonds since the beginning of July. And traders are already starting to chase the rally, with Bank of America Corp.

BELEM, Brazil (Reuters) — Environmental demonstrators protested on Sunday against plans by Brazilian state-run oil company Petrobras to drill for oil at the mouth of the Amazon (NASDAQ:AMZN) river.

debt markets, bigger gains will come from stocks. The macro backdrop is also tilting in favor of developing nations. Emerging economies are expected to expand almost three percentage points quicker than advanced nations over the next three years, led by China, albeit at a slower pace, and India.

Ukraine will make a renewed push this weekend at a gathering in Saudi Arabia to win the support of dozens of countries that have remained on the sidelines of the war — the start of a broader campaign in the months ahead to build the diplomatic muscle to isolate and weaken Russia. Ukraine and Saudi Arabia invited diplomats from some 40 governments to talks in the Red Sea port of Jeddah. Notable among them were China, India, Brazil, South Africa and some of the oil-rich Gulf nations that have tried to maintain good relations with both Ukraine and Russia throughout the war, which began in February 2022. Many of the invited governments reject the very concept of choosing sides, framing the war as a contest between global powers that they want no part in, and even with the event fast approaching, it was unclear how many would attend. The meeting is the starting point of what is expected to be a major Ukrainian diplomatic push in the coming months to try to undercut Russia. It began on Wednesday, when President Volodyt the world. He told the ambassadors they must use every tool at their disposal — «official and unofficial, institutional and media, cultural diplomacy and the power of ordinary human sincerity» — to convince both allies and nations that have largely stayed neutral that the only road to a lasting peace is complete Russian defeat.

NEW DELHI: Union minister Jitendra Singh on Saturday said, BRICS (Brazil, Russia, India, China and South Africa) should continue to hold global significance for being the most populated marketplace, driven by the knowledge, creativity and innovation economy. Addressing the 11th BRICS STI ministerial meeting at Goeberha in South Africa through a virtual medium on “STI Priorities and Policies Updates", the minister said, the grouping could collaborate to identify and explore regional scientific research challenges through joint S&T solutions suited to local economies.

food prices rose for the first time in three months, as trade disruptions from India to the Black Sea and extreme weather stoke supply concerns anew. The United Nations’ index of food-commodity prices gained 1.3% in July, led by vegetable oil, according to a Friday report. That marks a pickup from the two-year low reached the prior month as fresh threats emerge in the supply chain.

Also read: Traces of explosives found on foreign grain ship, says Russia The four men exhausted their food supplies on the 10th day of the voyage and resorted to drinking seawater and their urine to survive, all while securing themselves with a makeshift net to avoid falling into the deep waters below, where they spotted large marine creatures like whales and sharks. After enduring their ordeal, Brazilian Federal Police finally rescued the desperate group at the port of Vitória in southeastern Brazil. Two of the stowaways chose to return to Nigeria upon their request, while Yeye and another stowaway, Roman Ebimene Friday, 35, applied for asylum in Brazil, seeking compassion from the Brazilian government, as reported by Reuters.

Amazon.com will launch a credit card offering in Brazil, in a partnership with Brazilian lender Banco Bradesco SA, the bank's chief executive said on Friday, as the ecommerce giant pushes to expand its fintech offering. The launch is set for next Tuesday, according to CEO Octavio de Lazari Junior, adding that the bank will manage the card's credit risk, and the card will be powered by Mastercard.

New Delhi will participate in a peace conference aimed at the war in Ukraine hosted by Saudi Arabia this month, confirmed MEA Spokesperson Arindam Bagchi. “India will participate in this event. Our participation is in consonance with our long-standing position that dialogue and diplomacy is the way forward," he said at a press briefing.

BRICS Summit, the Ministry of External Affairs (MEA) said. "President Ramaphosa invited the prime minister for the BRICS summit being hosted by South Africa on August 22-24, and briefed him on the preparations for the same," the Ministry of External Affairs (MEA) said atfter PM Modi's talks with Ramaphosa. "The prime minister accepted the invitation and conveyed that he looked forward to his visit to Johannesburg to participate in the summit," the MEA said.

Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa

BRICS summit in Johannesburg set to discuss admitting new members, India on Thursday dismissed as «baseless» reports that it is opposed to the expansion of the grouping. It is learnt that New Delhi is yet to take a final decision on Prime Minister Narendra Modi's in-person attendance in the summit of the five-nation grouping from August 22 to 24. The summit is set to extensively deliberate on expansion of BRICS (Brazil, Russia, India, China and South Africa).

Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa

By Karl Plume

SAO PAULO (Reuters) — Industrial production in Brazil surprised economists with a small increase in June, but the positive figures are unlikely to prevent the central bank from kicking off a monetary easing cycle later this week.

Bajaj Auto, India's largest exporter of motorcycles and three-wheelers, is setting up its first overseas manufacturing plant in Brazil through its wholly-owned subsidiary Bajaj Do Brasil. Executive director Rakesh Sharma said local presence in Brazil, Latin America's biggest two-wheeler market, will help Bajaj Auto gain insights into product development and customer behaviour and strengthen its presence in the region. Pune-based Bajaj Auto has presence in more than 90 countries, where it follows a distribution-led model — the company's distribution partners manage local operations, including assembly.

India is expected to send a senior diplomat to represent the country at a peace summit seeking to find a way to end the conflict between Russia and Ukraine organised by Saudi Arabia in Jeddah in early August, ET has learnt. India, Brazil and South Africa have been invited to attend the meet of 30 nations as part of Saudi efforts to initiate deal between Ukraine and Russia.

Malala Yousafzai donned a pink attire from what seemed like her Barbie movie outing with husband Asser Malik. See the tweet here The movie Barbie released the same day as Christopher Nolan's Oppenheimer on 21 July. The Greta Gerwig directed movie that features Margot Robbie as Barbie and Ryan Gosling as Ken opened to overwhelming response all across the world.

Russia-Ukraine war: Saudi Arabia is set to host Ukrainian-organized peace summit on 5 and 6 August, according to several reports. Saudi Arabia has invited several major countries including India, Britain, United States among others. A report by Wall Street Journal, confirms that Saudi Arabia is set to host talks in August about Ukraine.

NASA's Voyager 2 spacecraft, currently in interstellar space, is facing communication difficulties caused by an antenna misalignment. Due to this issue, the National Aeronautics and Space Administration's Voyager 2 spacecraft is unable to receive commands or transmit data back to Earth. However, NASA remains hopeful that the problem will be resolved during the next orientation reset scheduled for October.