brazil

Economist Justin Wolfers is once again attacking President Donald Trump, this time over the latter’s 50% tariffs on imports from Brazil. What Happened: On Sunday, in a post on X, Wolfers questioned the rationale behind the latest U.S. tariffs imposed on the South American nation, calling it...

Brazil’s President, Luiz Inácio Lula da Silva, issued a warning Thursday about potential retaliatory tariffs if the U.S. proceeds with its planned 50% tax on Brazilian imports from Aug. 1. What Happened: Lula stated via his official X handle that Brazil would take the necessary measures to...

U.S. stock futures declined on Thursday after ending higher on Wednesday. Futures of major benchmark indices were trading lower. President Donald Trump imposed 50% tariffs on Brazil, escalating the trade tensions between the two nations. This was followed by a slew of letters posted on his Truth...

Tensions are flaring between the United States and Brazil following President Donald Trump’s threats of sweeping 50% tariffs on imports from the South American nation. What Happened: On Wednesday, Trump wrote a letter telling Brazilian President Luiz Inácio Lula da Silva that the trial of...

President Donald Trump announced on Sunday that he will impose an additional 10% tariff on any country that aligns with BRICS’ anti-American policies, escalating trade tensions as his July 9 deadline approaches for comprehensive tariff restructuring. What Happened: Trump posted on Truth...

Digital bank company Nu Holdings (NYSE:NU) could show its continued growth in Latin America when the company reports first-quarter financial results after market close on Tuesday. Earnings Estimates: Analysts expect the company to report first-quarter revenue of $3.14 billion, up from $2.74 billion...

The Brazilian Health Regulatory Agency (ANVISA) has granted marketing authorization to Valneva SE’s (NASDAQ:VALN) single-dose vaccine Ixchiq for the prevention of disease caused by the chikungunya virus in individuals 18 years of age and older. Chikungunya virus is a mosquito-borne viral...

The global iron ore market could increase production over the next five years, with output surging as high as 2.92 billion tons by 2029. This trend could put additional pressure on leading exporters like Australia, whose currency has declined by around 20% against the U.S. dollar since 2015. Per...

Americans' coffee addiction is about to get a lot more expensive. With 66% of the population drinking coffee daily and an average intake of 2-3 cups per person, the U.S. is the world’s largest coffee market. Yet, a fresh jolt of bad news is hitting consumers: coffee prices have surged to...

Brazilian mining giant Vale (NYSE:VALE) has reported its highest annual iron ore production, reaching nearly 328 million metric tons in 2024, a 2% year-over-year growth. Despite a 4.6% decline in the fourth-quarter output, this production result is the best since 2018. “Vale’s...

Microsoft Corp (NASDAQ:MSFT) is committed to restoring parts of Brazil’s Amazon and Atlantic forests for carbon credits. The company told the Financial Times it inked a deal to buy 3.5 million credits over two years from Brazil startup Re.green. The deal could be worth approximately $200...

Brazilian assets are stumbling into the new year as skepticism over President Luiz Inácio Lula da Silva's fiscal repair skills continues to grow. What Happened: The Brazilian real has dropped nearly 22% against the U.S. dollar this year, according to Bloomberg. The country’s central bank,...

Brazilian authorities said on Monday that they have halted the construction of the plant that Chinese EV giant BYD Co Ltd. (OTC:BYDDY) is building in Salvador, Bahia after finding workers living and working in conditions analogous to “slavery.” What Happened: Authorities ordered that...

Brazil’s currency, the real, has continued its plunge as investors grow skeptical of President Luiz Inácio Lula da Silva‘s budgetary plans. The real, the worst-performing currency over the past four market sessions, has fallen over 3% against the US dollar in the past week. Its plunge...

Warren Buffett just gained greater exposure to the burgeoning digital bank sector in Africa and Asia. What Happened: Nu Holdings (NYSE:NU) — backed by Buffett’s Berkshire Hathaway (NYSE:BRK)(NYSE:BRK) — led a new funding round for Singapore-based Tyme Group. Tyme specializes in building...