MARKETS
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Brazil Pioneers World’s First XRP ETF, Shaking Up Crypto Markets
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Brazil’s Securities and Exchange Commission (CVM) approves the world’s first XRP spot ETF, Cointelegraph Brasil reports. Hashdex manages the fund, dubbed ...

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Carrefour Brasil Surpasses Market Forecasts with R$ 1.7B Adjusted Net Profit in Q4 2024
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Carrefour Brasil (CRFB3), operating under the Atacadão brand, posted a net profit of R$ 1.16 billion ($193 million) in Q4 2024, reversing a R$ 565 million ...

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Brazil’s Economy Grows 3.5% in 2024 but Faces Challenges Ahead
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Brazil’s economy grew by 3.5% in 2024, according to Fundação Getulio Vargas (FGV), driven by strong domestic demand and favorable labor market conditions. ...

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Raízen Posts R$2.57 Billion Loss Amid Operational
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Brazilian sugarcane giant Raízen, co-owned by Cosan and Shell, reported a R$2.57 billion ($428M) net loss for the third quarter of the 2024/25 harvest ...

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Economic Calendar: Key Market Events for the Week from February 17 to to 21, 2025
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The week from February 17 to 21 brings a packed economic calendar with critical national and international events for investors. Among the highlights, ...

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Crypto Market Holds Steady as XRP and Litecoin Shine Amid Institutional Shifts
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The global cryptocurrency market experienced a notable day on February 14, 2025, as trading volumes surged and key assets demonstrated resilience. Bitcoin ...

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Dollar Drops to R$5.69 Amid Record Low Approval for Lula
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The Brazilian real strengthened significantly against the U.S. dollar this Friday, closing at R$5.69, its lowest level since November 7, 2024. This marked a ...

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Braskem Secures Supply Chain with $332 Million Fleet Investment
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Braskem, a major player in the petrochemical industry, is investing $332 million (around R$1.9 billion) to build a fleet of six specialized ships. These ...

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Brazil Lowers 2025 GDP Growth Forecast Amid Inflation
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The Brazilian Ministry of Finance reduced its 2025 GDP growth projection from 2.5% to 2.3%, citing higher interest rates and global economic challenges. The ...

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Ibovespa Gains Ground Despite Tariff Announcements and Economic Revisions
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The Brazilian stock market index, Ibovespa, regained some ground on Thursday, supported by positive sentiment from Wall Street. Despite the announcement of ...

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Brava Energia Secures Landmark Oil Supply Deal with Trafigura
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On February 11, 2025, Brazilian oil and gas company Brava Energia finalized a pivotal agreement with global commodity trader Trafigura PTE Ltd. This ...

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TOTVS Exceeds Expectations with Strong Q4 2023 Results
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TOTVS S.A. (B3: TOTS3), a leading Brazilian technology company, delivered impressive fourth-quarter 2023 results, showcasing its ability to outperform ...

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