Petrobras Is Ready to Be World’s Last Oil Producer, CEO Prates Says
Over the last 20 years, Brazil has emerged as a major oil producer, diverging from many of its Latin American peers
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Bank Crisis Will Mean Regulatory Rethink, Goldman Sachs Group’s Beth Hammack Says
Goldman hasn’t been immune to troubles in Latin America. The firm holds 1.065 billion reais ($203 million) in credits to distressed retailer Americanas SA due to swaps transactions with the Brazilian firm
Brazil News
Lula da Silva’s Approval Ratings Top Jair Bolsonaro, Trail His Previous Terms: Ipec
Lula, who was investigated for alleged bribes and mishandling of funds and served a prison sentence in 2018, beat the conservative Bolsonaro in last year’s election by less than two percentage points
Brazil News
Casino Gets $780 Million With Assai Sale in Brazil
Casino has been divesting assets as investors grow increasingly concerned about the grocer’s financial leverage
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Brazil’s Mining Giant Vale Weighs IPO of Metals Unit After Sale of 10% Stake
Automakers are among Vale’s main clients as they try to secure access to strategically important metals amid a shift to electric vehicles
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Brazilian Startup Founder Describes ‘Most Chaotic Day of My Life’ as SVB Collapses
Alexandre Maluli, CEO of Zazos, withdrew more than 1 million reais from Silicon Valley Bank hours before it collapsed
Brazil News
Brazilian Hedge Fund Vista Cuts Oil Bet That Made It a Star
About four years ago, traders operating out of a two-story house in Rio de Janeiro piled into a bet that oil prices would skyrocket on anticipation of a tight market and a slower transition away from fossil fuels
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Azul, Gol Surge After Financing Deals Ease Cash Woes
Despite the agreements, bonds from both companies trade deep in distressed levels as investors weigh refinancing risks and high borrowing costs in Brazil
Brazil’s BNDES to Double Lending Capacity to Attract Companies, Investors
Bonds will be linked to development projects in areas where the institution wants to invest, such as energy transition, innovation and infrastructure
Jair Bolsonaro Says Mission Isn’t Over as US Conservatives Honor Him
The former Brazilian president and Trump are close allies. Bolosonaro — often called the “Trump of the Tropics” — said he has an “exceptional” relationship with Trump
Takeda Offers Dengue Shot Cheaper in Brazil, Indonesia
Takeda Pharmaceutical Co. will sell its dengue vaccine at a steep discount in emerging markets, part of its plan to make sure that people most vulnerable to the life-threatening disease will have access to the immunization