Government will keep a R$0.44-per-liter gasoline subsidy in place for another 30 days following renewed tensions in the Middle East 07/24/2026 Finance Minister Dario Durigan confirmed that Brazil’s government has decided to extend the R$0.44-per-liter gasoline subsidy. The measure was introduced on May 25 but was originally scheduled to remain in effect for only […]
CEO Alexandre Bompard says commercial strategies and cost-cutting initiatives drove sales growth 07/24/2026 Carrefour delivered resilient results in Brazil during the second quarter, marked by a return to sales growth and continued improvement in profitability. The retailer’s performance in the Brazilian market came despite a still-challenging macroeconomic environment, where high interest rates continue […]
Possible issues include Treasury contributions, debt payments, increased subsidies to dependent companies, and reduced dividends, IFI says 07/24/2026 The deteriorating financial condition of some federally owned state-owned companies is heightening fiscal risks for the federal government, according to the Independent Fiscal Institution (IFI), the public finances watchdog linked to the Senate. Those […]
New levy may push tariffs on many exports to 37.5%, while about 2,000 products remain exempt 07/24/2026 In another protectionist move, the United States announced Thursday (23) an additional 12.5% tariff on Brazilian goods, arguing that the country has failed to address forced-labor practices in its supply chains. The measure applies to a […]
Trade group Abiec projects 900,000 tonnes this year, 748,000 tonnes below 2025’s quota-free total 07/17/2026 Brazil’s meatpacking industry expects to export roughly 900,000 tonnes of beef to China in 2026, down 748,000 tonnes from last year’s record, according to Roberto Perosa, president of the Brazilian Association of Meat Exporting Industries (Abiec). That volume […]
About 3,000 products face additional levies of up to 37.5% as bilateral flows have already fallen 13% this year 07/17/2026 New U.S. tariffs will leave Brazil facing some of the toughest restrictions on access to the American market, affecting about 3,000 products and more than $11 billion in industrial and agricultural exports, said […]
Industrial sentiment deteriorates further as concerns over global tensions and potential U.S. tariffs weigh on expectations 07/14/2026 Brazilian manufacturers grew even more pessimistic this month as current business conditions and expectations for the next six months continued to deteriorate. According to the National Confederation of Industry (CNI), its Industrial Entrepreneur Confidence Index fell […]
Producers argue government’s decision to extend levy reinforces concerns that it is aimed at raising revenue rather than addressing fuel market disruptions 07/14/2026 Brazil’s oil industry is considering a fresh legal challenge after the government renewed its controversial export tax on crude, according to people familiar with the matter. Producers argue the extension […]
After 28 years with Shell, CEO Cristiano Pinto da Costa will leave to lead expansion of Abu Dhabi-based XRG 07/14/2026 Four years after taking over as CEO of Shell Brasil, Cristiano Pinto da Costa is leaving the company, having doubled its oil asset portfolio since he assumed the role in 2022. At the time, Shell […]
Industry association says proposed changes to 6×1 work schedule would raise costs, worsen labor shortages, increase freight, transit fares 07/13/2026 The National Confederation of Transport (CNT) estimates that a proposal to amend the Constitution (PEC) to abolish Brazil’s six-days-on, one-day-off (6×1) work schedule would have a direct annual cost of nearly R$12 billion for […]