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The Brazilian stock market, Ibovespa, maintained its position above 127,000 points for the sixth consecutive trading session. This stability comes as investors await fiscal measures and react to Petrobras’ performance. On Monday, November 18, 2024, the main index closed with a slight decrease of 0.02%, ending at 127,768.19 points. The US dollar weakened against the […]
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In a significant move, Petrobras has decided to breathe new life into its long-dormant fertilizer plant. The state-owned oil company’s board of directors gave the green light to resume work on the Nitrogen Fertilizer Unit (UFN-III) in Três Lagoas, Mato Grosso do Sul. This decision marks a shift in Petrobras’ strategy, aligning with the federal […]
The Brazilian stock market experienced a downturn on Thursday, breaking its three-day winning streak. The Ibovespa index fell by 0.73%, closing at 130,793.41 points, a decrease of 956.31 points. This decline occurred despite positive trends in international markets, highlighting the unique challenges facing Brazil’s economy. Vale, the mining giant, played a significant role in the […]