One month in, Petrobras CEO already in the hot seat

May 16, 2022 11:52 4 min read A week ago, Brazil’s state-controlled oil giant Petrobras announced it was raising diesel prices two months after a massive 24.9-percent hike that led to the downfall of its former chief executive officer. Two days later, President Jair Bolsonaro appointed a new Mines and Energy Minister. Now, Mr. Bolsonaro … Read more

Brazil is the largest exporter of grains to China

RIO DE JANEIRO, BRAZIL – China is a giant in the commodities market, backed by its strong GDP and tremendous purchasing power. It imports 25% of world grain trade volumes, making it the largest grain importer. Therefore, what the country does or encounters in terms . . . To read the full NEWS and much more, … Read more

Brazil awards contract to Fuerza Terrestre for modernization of up to 201 EE-9 Cascavel armored vehicles

RIO DE JANEIRO, BRAZIL – The tender for the modernization of the 6×6 Cascavel wheeled armored reconnaissance vehicle, opened by the Brazilian Army Command, already has a winner: the Consórcio Força Terrestre, consisting of the companies Akaer, Universal Engenharia, and Opto Space and Defence. The selected companies offered a budget of R$74.6 million (US$14.5 million) … Read more

The Brazilian fintech crash, explained

May 13, 2022 17:13 4 min read Hello, and welcome to our first Market Roundup! Every week, we will sum up what you need to know to keep abreast of all the comings and goings in Brazilian markets — as well as Brazilian companies listed abroad. We know that markets and the economy are very … Read more

Commodity prices at a glance – May 13

RIO DE JANEIRO, BRAZIL – With the new geopolitical situation in the world, the unprecedented sanctions frenzy, and the possibility of more global events, The Rio Times will list daily prices of major commodities for comparison and review.     &nbsp . . . To read the full NEWS and much more, Subscribe to our … Read more