City Sao Paulo Financial News

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.

Santos and Vasco de Gama. Santos were 3-1 up and 10 minutes into the second half, when winger Soteldo decided to have fun. When he received the ball on the left-hand side of the pitch, the winger jumped up on top of the ball and remained there for several seconds instead of picking out a pass.

SAO PAULO (Reuters) -A plane crash in Brazil's northern Amazon (NASDAQ:AMZN) state on Saturday has left 14 dead, the state's governor said.

Uber on Thursday said it rejected a ruling from a Brazilian labor court ordering the ride-hailing firm to pay 1 billion reais ($205 million) in fines for irregular working relations with the drivers on its app. The sentence, handed down by a Sao Paulo state court, also ordered Uber to recognize its employment relationships with all its app's drivers and register their professional work cards, with a penalty of 10,000 reais for each unregistered worker.

SAO PAULO (Reuters) — Nestle has agreed to acquire Brazilian chocolate brand Kopenhagen for about 3 billion reais ($602.75 million), website Brazil Journal reported on Wednesday, citing people familiar with the matter.

SAO PAULO (Reuters) -Brazil's Foreign Relations Minister Mauro Vieira said on Wednesday the Mercosur bloc of Brazil, Argentina, Paraguay and Uruguay has already sent the European Union their position on an European addendum to their long-awaited trade agreement.

BRASILIA (Reuters) — Brazil's top central bank officials on Friday praised the government's commitment to eliminate the primary deficit in its 2024 budget, saying fiscal improvement is vital for aligning inflation expectations with official targets.

By Peter Frontini

SAO PAULO (Reuters) — Brazilian cosmetics maker Natura &Co said on Monday its board of directors had authorized the company to search for «strategic alternatives» for its subsidiary The Body Shop, including a potential sale of the business.

Europe will be particularly affected. Heat waves of the kind we are currently experiencing are particularly deadly for the elderly, the sick and the poor, the researchers said. The 2003 heat wave, which saw temperatures in Europe reach 47.5 degrees Celsius, was one of the worst natural disasters of recent decades, claiming an estimated 45,000 to 70,000 victims in the space of a few weeks, they said. The researchers from ETH Zurich in Switzerland found that such heat waves could become the new norm in the coming years. Since 2013, they have been systematically collecting data on daily heat-related excess mortality for 748 cities and communities in 47 countries in Europe, Southeast Asia, Latin America, the US and Canada. The researchers used this dataset to calculate the relationship between the average daily temperature and mortality for all 748 locations. From this, they were able to establish each location's ideal temperature, where excess mortality is at its lowest.

Amidst the expected chill of winter, Brazil finds itself grappling with an unexpected challenge: scorching heatwaves that are defying seasonal norms. The National Institute of Meteorology has issued a concerning report, revealing that over 11.5 million residents of Sao Paulo are confronting the impact of soaring temperatures, which have surged nearly 10 degrees above the average of 24.5 degrees Celsius.

Canada’s largest pension fund has joined a project to produce carbon credits by planting more than 100 native tree species on degraded land in Brazil’s Amazon region.

Brazil and India as the markets least vulnerable to the turmoil in emerging markets now have the opportunity to buy stocks in those countries via actively-managed exchange-traded funds. The Global X Brazil Active ETF and Global X India Active ETF both launched Friday amid increased clamor for Brazil as it embarks on interest-rate cuts and for India as it overtakes China as the world’s fastest growing major economy.

A blackout has left large parts of Brazil’s north and northeast regions without any electricity

SAO PAULO (Reuters) — Brazilian President Luiz Inacio Lula da Silva said on Monday he hopes for the United States to want to invest in Brazil so the two countries can work to «drive the energy transition forward.»

SAO PAULO (Reuters) — Ford's Brazilian unit on Friday said it reached a transfer agreement with the government of Bahia state to give it ownership of a factory complex closed since 2021.

By Gabriel Araujo

By Gabriel Araujo

By Gabriel Araujo

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.

SAO PAULO (Reuters) -Brazilian lender Santander Brasil on Wednesday reported higher second-quarter net profit on a sequential basis but saw its results weigh on group performance as they remained well below last year's levels.