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Entries by Gelcy Bueno

High interest rates weigh on business confidence in Brazil

Business Confidence Index falls 0.6 points in March to 94 points, lowest level since November 04/02/2025 The impact of rising interest rates drove the decline of the Business Confidence Index (ICE) in March. The index fell by 0.6 points last month to 94 points, its lowest level since November 2023, due to a sharp drop […]

Amaggi partners to generate carbon credits in Rondônia

Agribusiness company teams up with NaturAll Carbon on regenerative agriculture project spanning 25,000 hectares 04/02/2025 Amaggi, Brazil’s largest domestically owned agricultural trading company, has partnered with Anglo-Brazilian climate-tech firm NaturAll Carbon to launch a carbon credit project based on regenerative agriculture. The initiative will be carried out at Fazenda Carolinas, a 25,000-hectare farm located in […]

Congress advances bill enabling Brazil to fight foreign trade barriers

Proposal inspired by U.S. law clears Senate and moves to Lower House amid Donald Trump’s tariff war 04/02/2025 The Senate approved a bill establishing legal mechanisms for the Brazilian government to retaliate against potential trade barriers or protectionist measures affecting the competitiveness of Brazilian products in international trade. Known as the Reciprocity Bill, the proposal […]

Construction sustains steel demand as manufacturing industry declines

Consumers complain about high prices; producers se Chinese competition as unfair 04/01/2025 Amid weakened demand across various industrial sectors, the construction sector continues to sustain steel consumption in Brazil. Driven by housing and infrastructure projects, construction companies keep purchasing, while other segments are either scaling back or increasing imports to cut costs. The Brazilian market is […]

U.S. targets Brazil two days before tariff hike

Report mentions Brazil in six of its 397 pages; Trump aides forecast tariffs of 20% or higher 04/01/2025 The United States accused Brazil and several other countries of imposing numerous barriers against American products, in a 397-page report released on Monday (31) by the Office of the United States Trade Representative (USTR), just two days […]

Vast, Be8 to explore biofuel potential at Açu Port

Agreement includes supplying marine fuel blends and studying new export, import, and cabotage routes 03/28/2025 Vast Infraestrutura, the liquid bulk logistics subsidiary of Prumo Logística, and biodiesel producer Be8 have signed a memorandum of understanding (MoU) to explore the development of the marine biofuel market at the Port of Açu, located in São João da […]

Brazil’s Central Bank signals high interest rates for longer

Monetary authority Chief Gabriel Galípolo says unanchored expectations require “greater effort”; institution sees 70% chance of inflation above target in 2025 03/28/2025 The persistence of inflation and the perception that it will remain above the target has not only led to a sharper increase in Brazil’s benchmark interest rate, the Selic, but may also require […]

U.S. trade measures could impact Brazil’s auto industry

Besides Brazilian auto parts shipped to the U.S. and used in Mexican car plants, automakers may redirect investments to American factories 03/28/2025 Import tariffs in the automotive industry, already in effect or under discussion by Donald Trump’s administration, are expected to impact Brazil as well. The United States and Mexico are the second- and third-largest […]