Brazil News
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/JMDWVXMPY5HGVAJKZTWYA4XZRM.jpg "Banks to Refuse Loans to Meatpackers that Trade Beef Linked to Amazon Deforestation")
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/LL5SDS2ZQ44TMBSN4UMRDQG4VM.jpg "Brazilian President Lula’s South American Summit Brings Together Struggling Peers")
Brazilian President Lula’s South American Summit Brings Together Struggling Peers
Brazil’s Luiz Inacio Lula da Silva is hosting his South American counterparts in Brasilia as he seeks to bolster regional relations, an ambitious plan that widespread political turbulence and the continent’s sluggish economies threaten to leave dead on arrival
Petrobras Offshore Drilling Appeal to Get Environmental Review by Ibama
The Brazilian company has had an oil rig in place since early December, awaiting approval to drill in block FZA-M-59, costing around US$1 million a day
Brazil Announces Tax Cuts to Ease Access to Cheap Cars, Boost Industry
President Luiz Inacio Lula da Silva rolled out a series of tax breaks to make low-priced vehicles more accessible for working families, as he looks to breathe fresh life into Brazil’s battered manufacturing sector
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/BF6UMWB2KJHLPHDCAPH7CAFD7Y.jpg "Lula’s Feud with Brazil’s Central Bank Raises Rates Dilemma to Global Stage")
Lula’s Feud with Brazil’s Central Bank Raises Rates Dilemma to Global Stage
The Brazilian president’s feud with Campos Neto is shining a light on a growing risk of rate hikes around the globe
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/H4KQ3IFJJFHNTLECTGBXFENMGE.jpg "Billionaire Marcelo Claure Expands Shein’s Fast-Fashion Empire in Brazil")
Billionaire Marcelo Claure Expands Shein’s Fast-Fashion Empire in Brazil
Shein, which currently manufactures almost all of its products in China but sells virtually nothing to Chinese customers, is looking to localize production in fast-growing regions to cut distribution costs and speed up delivery times
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/JSOWWBFYCRBPTDIBSVFJHDC33M.jpg "Vale Invests $2.7 Billion Amazon Mining Project to Expand Iron Output")
Vale Invests $2.7 Billion Amazon Mining Project to Expand Iron Output
The Rio de Janiero-based miner became a major swing factor in the iron ore market after a 2019 dam disaster upended its operations and saw it slip behind Rio Tinto Group
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/5S3L3HS7EFHNXFMZK2PFXISCCI.jpg "How the Logemann Family Built SLC Agricola Into a $900M Farming Empire in Brazil")
How the Logemann Family Built SLC Agricola Into a $900M Farming Empire in Brazil
SLC Agricola controls 1.7 million acres of planted land in Brazil and traces its origins to a German immigrant who arrived more than a century ago
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/PL4KWAEIURGVXJMBP5INPCZZHE.jpg "US Default Insurance Cost Eclipses Brazil, Mexico as Time Runs Out to Lift Borrowing Limit")
US Default Insurance Cost Eclipses Brazil, Mexico as Time Runs Out to Lift Borrowing Limit
Few investors doubt that the U.S. will make good on its debts
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/LOSR4FUJMJG6NNR3AR5QWWPWII.jpg "World’s Biggest Pulp Producer Suzano Considers Trading With China in Yuan")
World’s Biggest Pulp Producer Suzano Considers Trading With China in Yuan
China is the largest commodity buyer and accounts for 43% of Suzano’s pulp
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/KQ3AIRJQPFDLZBHJF5N5MMU3FU.jpg "Equinor, Repsol Sinopec, Petrobras Proceed With $9 Billion Brazil Gas Investment")
Equinor, Repsol Sinopec, Petrobras Proceed With $9 Billion Brazil Gas Investment
Brazil has made increasing natural gas production an economic and political priority, with state-controlled Petroleo Brasileiro SA highlighting the project in its five-year business plan
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/LAOU2NUTQVFTZMLLPC4UP2FZLM.jpg "Damage to Amazon Rainforest Could Cost Brazil $184 Billion: World Bank")
Damage to Amazon Rainforest Could Cost Brazil $184 Billion: World Bank
Extreme weather events are already taking a toll on Latin America’s largest economy, costing it $2.6 billion on average each year, according to the bank
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/BUWT2F3BQRBPRBT2DWI5DG2G5I.jpg "Lula Flays Brazil’s Monetary Policy Days Before Central Bank Meets Over Rates")
Lula Flays Brazil’s Monetary Policy Days Before Central Bank Meets Over Rates
Central bankers led by Roberto Campos Neto are expected to hold borrowing costs at 13.75% for the sixth straight meeting this week
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/VTJGNYEU4RHSXJPENOEVQU6VM4.jpg "Marcelo Claure Sees Brazil as Shein’s Springboard to Growth In Latin America")
Marcelo Claure Sees Brazil as Shein’s Springboard to Growth In Latin America
Shein’s chairman for Latin America and former SoftBank Group International COO tells Bloomberg Línea that the online retailer hopes to bring the fast-fashion production model to the South American country
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/RLU6QRGBLFC5DBKREBH3V4A2OM.jpg "Brazil Industrial Production Falls in February in Latest Blow to Lula da Silva")
Brazil Industrial Production Falls in February in Latest Blow to Lula da Silva
Industry in Brazil is suffering as the central bank holds the benchmark rate firm at 13.75% to fight inflation
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/SKRAVRADYNAW3FDHYHUBITVK24.jpg "Brazilian Boats and Yachts Enjoy Tailwinds with Tax Incentives and Lower Costs")
Brazilian Boats and Yachts Enjoy Tailwinds with Tax Incentives and Lower Costs
A model that costs up to $700,000 is displayed for the first time in nautical events in the USA; four Brazilian shipyards reveal their bets for 2023.