News Brazil: Brazil's central bank enhances security of the financial system
BRASILIA (Reuters) -Brazil's central bank on Friday announced new measures approved by its board to strengthen the security of the country's financial system, following recent cyberattacks on financial institutions. Effective immediately, payment institutions not authorized by the central bank and connected to the National Financial System Network via IT service providers will face a 15,000 reais ($2,766.92) cap on digital cash transfers. Central bank Governor Gabriel Galipolo said the cap was set because 99% of corporate transactions via the Pix instant payment system or TED bank transfers fall below that threshold.
News Brazil: PBR to Commence Well Decommissioning in Sergipe Basin Offshore Brazil
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News Brazil: Hormel Foods sells Brazil business
Hormel Foods is to offload its business in Brazil to domestic food producer Zanchetta Alimentos as the US group looks to “simplify and streamline its portfolio”. Zanchetta Alimentos is acquiring a ...
News Brazil: Thinking Outside The Borders: Brazilian E-Commerce Opportunities
Valter Klug, founder of Samba Rock, an ad & e-comm agency. 25 years of experience working with global brands. Let's connect on LinkedIn. With the rise of digital commerce reshaping global markets, I ...
News Brazil: Brazil Ecommerce Market Databook 2024: An $87.6 Billion Industry by 2028 - 100+ KPIs on Verticals, Market Share by Key Players, Sales Channel Analysis, Payment Instrument ...
Dublin, Sept. 30, 2024 (GLOBE NEWSWIRE) -- The "Brazil Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.The E-commerce market in Brazil is expected to grow by 10.10% on annual basis to reach US$62.6 billion in 2024. Medium to long te
News Brazil: Brazil's E-commerce Market Forecasted to Reach US$87.6 Billion by 2028 Amid Rising M&A Activity
Dublin, June 24, 2024 (GLOBE NEWSWIRE) -- The "Brazil Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.The E-commerce market in Brazil is experiencing robust growth, with projections suggesting an annual increase of 10.10% to reach a
News Brazil: BlackRock unveils ethereum ETF in Brazil
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News Brazil: How to buy ethereum — and what to know before you do
Ether, the native cryptocurrency used on the ethereum platform, remains significantly more volatile than the S&P 500 for many investors. But it's no longer a moonshot — it's a foundational piece of a ...
News Brazil: Crypto News Roundup: Ethereum Drops, X Ban in Brazil, and MicroStrategy Buys Big
This week in the crypto world has seen significant developments, including major market shifts, legal disputes, and large investments. Ethereum saw a sharp decline, Brazil continued its ban on Elon Musk’s social media platform X, and MicroStrategy made another large Bitcoin purchase. Here’s a look at the key stories driving the industry.Ethereum Tumbles Amid Market JittersEthereum (ETH-USD) has been hit hard, falling 6% in the last 24 hours and sinking to its lowest point since January. The dip followed a wave of uncertainty in the market, with ETH dropping from $2,425 to $2,260. This decline was fueled by anticipation surrounding the U.S. Federal Reserve’s upcoming decision on rate cuts and reports of a second assassination attempt on Donald Trump, creating an atmosphere of fear, uncertainty, and doubt (FUD). According to Cointelegraph, the ETH/BTC ratio hit its lowest level since April 2021, further rattling investor confidence.Brazil Backs Ban on XMeanwhile, in Brazil, a legal battle over social media platform X continues to unfold. Brazil’s top prosecutor recently defended the country’s Supreme Court decision to ban the platform, citing compliance issues with Brazilian law. The platform, owned by Elon Musk, refused to appoint a local representative and failed to block misinformation accounts, which led to the suspension. Although the financial penalties have been paid—totaling around $3.3 million—X remains inaccessible to Brazilian users. According to Cointelegraph, this case is stirring up debates about free speech and compliance with national regulations, with no resolution in sight just yet.MicroStrategy Adds $1.11 Billion Worth of BitcoinIn the midst of these tensions, MicroStrategy is making waves with its continued bullish stance on Bitcoin (BTC-USD). Michael Saylor’s company recently purchased 18,300 more BTC for a whopping $1.11 billion, bringing its total Bitcoin holdings to an impressive 244,800 BTC, valued at around $14.14 billion. The company filed the purchase with the U.S. Securities and Exchange Commission (SEC), noting the average price of their latest buy at $60,408 per coin. This massive acquisition demonstrates that despite market fluctuations, institutions like MicroStrategy still see Bitcoin as a solid long-term investment.Key TakeawayThis week’s crypto updates showcase a range of key developments. Ethereum is under market pressure, X is dealing with legal challenges, and MicroStrategy is making significant Bitcoin investments. As the Federal Reserve prepares to announce its decision, the market’s response in the coming days is uncertain.At the time of writing, Bitcoin and Ethereum are priced at $58,605.42 and $2,290.49, respectively.
News Brazil: How Brazil's new legal framework for games will change the industry
During the opening session of Gamescom Latam, Carolina Caravana – vice president of Brazilian games trade body Abragrames – said the history of the nation's games industry would now be split into two ...
News Brazil: Brazil Cement Industry Databook 2024: Firms are Investing in Plant Expansion Projects to Tap into the Future Growth Market in Brazil
Dublin, July 24, 2024 (GLOBE NEWSWIRE) -- The "Brazil Cement Industry Market Size & Forecast by Value and Volume Across 50+ Market Segments for Cement Products, Distribution Channel, Market Share, Import - Export, End Markets - Databook Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.The cement industry in Brazil is expected to grow by 3.2% on an annual basis to reach US$ 7.11 billion in 2024. The growth momentum is expected to continue over the forecast period, record
News Brazil: Brazil, a nation of small studios with a big future
Brazil is one of the biggest emerging games markets in the world, and a vital territory for anyone wishing to be successful in Latin America. The region's games scene has grown rapidly over the past ...
News Brazil: Brazil Construction Industry Report 2025-2034 | Advanced Technologies and Sustainable Practices Boosts Market Expansion
The Brazil construction market, valued at USD 127.63 billion in 2024, is projected to reach USD 236 billion by 2034, growing at a CAGR of 6.30%. Driven by government initiatives like the New Growth Acceleration Program, urban expansion, and increasing foreign direct investment, the market sees growth across residential, commercial, and infrastructure sectors. Advanced technologies and sustainable practices further boost the industry's prospects despite challenges such as regulatory hurdles and l
News Brazil: Brazil's bad loans on non-earmarked credit at record high, despite debt relief drive
BRASILIA, July 1 (Reuters) - Delinquency rates on Brazilian loans not tied to a specific purpose rose to 6.2% in May from 6.1% in April, reaching the highest level since the central bank's data ...
News Brazil: Brazil's banks feast on 14% rates as Nubank storms the gates
Brazil’s biggest lenders are enjoying an unusually comfortable moment: interest rates remain among the highest in the world, credit is still expanding and loan losses, while rising, have yet to overwhelm profits. Yet beneath the strong earnings lies a more consequential shift. Nubank and Pix are steadily eroding the advantages that once made Brazil...
News Brazil: Around The World In Taxes: The Netherlands And Brazil
In this episode of Tax Notes Talk, freelance reporters Olaf Geurts and Bárbara Mengardo discuss paying taxes in the Netherlands and Brazil and how the citizens in those countries feel about it. Tax ...
News Brazil: Brazil to offer tax breaks to lure data center investments, sources say
BRASILIA (Reuters) -Brazilian Finance Minister Fernando Haddad will begin a trip to Silicon Valley this week with a plan to lure data centers to his country by exempting the related technology investments from federal taxes, four sources familiar with the matter told Reuters. Haddad's trip to California on Friday includes a May 6 breakfast with tech executives in Palo Alto, where he will pitch Brazil as a sustainable infrastructure hub, leveraging the country's abundant supply of renewable energy. The Finance Ministry estimates the new policy could unlock some 2 trillion reais ($352 billion) in investments over the next decade, including the spillover into construction, telecoms and AI-related services, according to two of the sources, who requested anonymity in order to discuss the private plans.
News Brazil: Brazil to seek new markets in face of U.S. tariffs, Lula says
Brazilian President Luiz Inácio Lula da Silva said his country will continue negotiating with the United States despite an additional 25% U.S. tariff.
