City Sao Paulo Financial News

Brazilian state-run oil firm Petrobras could bring forward investments in the future if it leads to higher oil production earlier, Chief Executive Magda Chambriard told journalists during a presentation of the 2024 financial results. On Wednesday the firm reported higher-than-expected investments for 2024 in its fourth-quarter results release, surprising analysts and leading to a dip in the share price on Thursday.

Humanity’s future lies in some of the most vulnerable spots on the planet. We’ve seen that in stark relief of late. A United Nations report last month concluded that the world’s population is increasingly crowded into a group of often low-lying, middle-income megacities in Asia and Africa.Jakarta and Dhaka dethroned Tokyo’s long-held status as the world’s biggest city, with 42 million, 37 million and 33 million people respectively.

Mexico’s peso and Canada’s dollar got a boost after United States President Donald Trump signalled the deadline for levies on goods from both countries would be pushed back, raising investor skepticism over one of the U.S. leader’s signature policies.

Brazil’s real has fallen to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors’ frustration with President Luiz Inácio Lula da Silva's efforts to rein in government spending

Brazil soccer has extended its kit deal with Nike by 12 years to 2038

Brazil's President Luiz Inácio Lula da Silva has welcomed China’s President Xi Jinping for a state visit at the Alvorada Palace in Brasilia, in the latest sign of deepening ties between the two countries that analysts say may accelerate as Donald Trump...

Brazil is pushing for concerted action to alleviate hunger as it hosts a summit of the Group of 20 leading economies amid global uncertainty over two major wars and incoming U.S. President-elect Donald Trump

Brazil’s President Luiz Inácio Lula da Silva has signed an agreement worth tens of billions of dollars with the mining companies responsible for a 2015 dam collapse that was one of the country’s worst-ever environmental disasters

sugar supplies are seen shrinking to the lowest level in six years in early 2025 as drought hampers production in top exporter Brazil, according to commodities trader Czarnikow Group Ltd. Extreme dryness has eroded sugar-cane crop conditions, limiting mills’ ability to produce sugar in the latter months of the current season and signaling a delayed start to next year’s harvest, Pedro Mizutani, Czarnikow head of raw sugar trading, said during a conference in Sao Paulo. Concerns about production constraints in Brazil — also caused by the spread of plant disease — have kept prices for the sweetener above the historical average for the past several years, underscoring the world’s dependence on the South American nation’s supplies. The country is expected to account for almost 75% of all raw sugar traded globally this year, according to consultancy firm Datagro.

Brazil on Friday started blocking over 2,000 gambling websites designated as irregular, part of a push by the government to regulate the sector, after concern rose about gambling addicts, especially vulnerable people

Brazilian coffee farmers are grappling with above-average temperatures as the country, the world’s largest coffee producer, faces its worst drought in more than seven decades

It was a rapture and a revelation all at the same time

Elon Musk’s satellite-based internet service provider Starlink has backtracked and announced it will comply with a Brazilian Supreme Court justice’s order to block the billionaire’s social media platform, X

The blocking of social media platform X in Brazil has divided users and politicians over the legitimacy of the ban, and many Brazilians had difficulty and doubts about navigating other social media in its absence

The blocking of social media platform X in Brazil has divided users and politicians over the legitimacy of the ban, and many Brazilians had difficulty and doubts about navigating other social media in its absence

A Brazilian Supreme Court justice could shut down the local operation of X nationwide on Thursday if its billionaire owner Elon Musk doesn’t name a legal representative by this evening

Brazil plane crash, that killed all 62 people on the aircraft, has once again raised apprehensions over the safety of the flight journey. However, amidst all the despair, there is an incident which shows how hiccups can sometimes save one's life. Two travelers named Adriano Assis and Jose Felipe have revealed there mixed up pertaining to the airlines and they couldn't board the fateful flight, as per a report on New York Post. Ultimately, the goof-ups ensured that they didn't meet the tragic ending.

Brazilian rescue teams have retrieved the remains of all 62 passengers from the wreckage of a plane crash in Sao Paulo state as families began gathering in the metropolis to identify and bury their loved ones

Sao Paulo as forensics experts work to identify the remains of the 62 people killed in the accident. Local authorities said the bodies of the pilot, Danilo Santos Romano, and his co-pilot, Humberto de Campos Alencar e Silva, were the first to be identified by forensics experts. Sao Paulo state government said in a statement Saturday evening that the remains of all the victims had been recovered. There were 34 male and 28 female bodies in the wreckage, it said. The ATR 72 twin-engine turboprop operated by Brazilian airline Voepass was headed for Guarulhos international airport in Sao Paulo with 58 passengers and four crew members when it went down Friday in Vinhedo, 78 kilometres north of the metropolis. Voepass said three passengers who held Brazilian identification also carried Venezuelan documents and one had Portuguese.

Sao Paulo Civil Police in Brazil have uncovered a sophisticated crypto laundering operation linked to a major drug gang – the First Capital Command (PCC).

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