Galp Expects New Field to Boost Its Production in Brazil by 40%

Portugal-based energy company Galp expects its oil production in Brazil to jump by 40% in the coming years as a new major field is set to begin production later in 2025, Nuno Bastos, EVP Upstream, has said. Currently, Galp holds stakes in various oilfields …

Brazil moves closer to tightening betting ad rules as Senate prepares to vote on new restrictions

A sweeping bill that would restrict how and when betting companies can advertise in Brazil is now set to reach the Senate Plenary after gaining approval from the Sports Commission on Wednesday. The proposal, known as Bill 2,985/2023, introduces a …

Central Bank of Brazil Open to Change Proposal Establishing Controversial Stablecoin Ban

Brazil’s central government posts higher-than-expected primary surplus in April

SAO PAULO (Reuters) -Brazil’s central government recorded a primary budget surplus of 17.8 billion reais ($3.1 billion) in April, Treasury data showed on Thursday, above the 15.9-billion-real surplus projected by economists polled by Reuters. The figure …

Brazil Sues BYD, Contractors for Keeping Workers in ‘Slavery’-Like Conditions

Brazilian prosecutors said they are suing Chinese electric vehicle (EV) giant BYD Co. Ltd. and two of its contractors, accusing them of trafficking Chinese workers to build a plant for the automaker in Camaçari and subjecting them to conditions “analogous …

Hafeet Rail and Brazil's Itaminas ink pact for iron ore logistics solutions

Hafeet Rail, the cross-border railway developer connecting Oman and the UAE, has signed an agreement with Itaminas Comércio De Minérios S.A., one of Brazil’s leading iron ore producers marks a pivotal strategic move towards enabling an integrated, and …

Brazil’s Azul files for Chapter 11

Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos) has filed for Chapter 11 bankruptcy in the United States, looking to eliminate over USD2 billion in funded debt and secure approximately USD1.6 billion in debtor-in-possession financing from partners …

Emmerdale star Ryan Hawley was living in Brazil with wife and kids before soap return

Ryan Hawley will forever make up one of Emmerdale's most beloved couples. While he wasn’t the first actor to portray Robert Sugden on Emmerdale, his time on the soap cemented people’s love for his relationship with Aaron Dingle, played by Danny Miller. …

Brazil to discuss adjustments to credit guarantee fund as reserves fall short of target

BRASILIA (Reuters) – Brazil’s Credit Guarantee Fund (FGC) should hold accounting reserves equivalent to 1% of eligible deposits but is currently at 0.35%, the fund’s head Daniel Lima said on Thursday. Discussions on necessary adjustments will take place in …

U.S. considers sanctioning Brazil’s Supreme Court Justice Alexandre de Moraes

São Paulo, Brazil – A social media post by U.S. Secretary of State Marco Rubio on Wednesday ignited a political firestorm in Brazil, raising the specter of a diplomatic crisis between the two nations. For too long, Americans have been fined, harassed, and …