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Entries by Gelcy Bueno

OPEC+ output boost erodes competitiveness of Brazilian oil

If prices remain low, country will earn less from top export while Petrobras gets room to lower fuel prices 04/07/2025 The decision by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to increase oil production starting in May by a larger-than-expected volume has surprised the market, worrying oil companies and adding further […]

Brazil concerned by threat to multilateral trade system

Despite lower U.S. tariffs, Lula administration warns of global risks 04/07/2025 Members of the Lula administration say there is no reason to celebrate Brazil’s inclusion in the lowest tariff tier under the sweeping measures announced last Wednesday (2) by U.S. President Donald Trump. While Brazil secured a “comparative advantage” with lower rates, officials warn the move could […]

Minister says Lula’s low approval is shared cabinet burden

After pushback on poor poll numbers, communications minister defends strategy and insists all ministers must take responsibility 04/04/2025 Brazil’s minister of Social Communication, Sidônio Palmeira, said on Thursday that all cabinet ministers bear responsibility for President Lula’s low approval ratings, as indicated by recent opinion polls. He was asked about the matter following an event organized by the […]

Retailers brace for fallout from U.S. tariffs on Chinese goods

Industry fears an influx of low-cost imports and pressure on local jobs and production as Chinese sellers seek new markets 04/04/2025 Brazilian retailers and consumer goods manufacturers are expressing concerns about the potential impact of the U.S. government’s recent decision to impose higher tariffs on certain Chinese products, according to industry representatives. As of May 2, items […]

U.S. tariff hike could ease Brazil’s inflation outlook for 2025

Economists see inflation closer to 5% than 5.5%; Treasury yields fall 04/04/2025 The sweeping global tariffs announced on Wednesday (2) by U.S. President Donald Trump—on what he dubbed “Liberation Day”—may create downward pressure on Brazil’s inflation outlook for this year. Economists now see inflation numbers hovering around 5%, rather than above 5.5%. The median projection in the Central […]

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 […]