Major Oil companies are profiting from the sky-high crude oil prices this year. Recent quarterly reports from these firms showed the astonishing profits they earned. Brazilian oil giant Petrobras(PBR) is no exception. On July 28, 2022 Petrobras reported excellent results for 2Q, 2022. Net Income soared to US $10.5 billion, a 26.8% rise from the …
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“Brazil, Land of the Future and always will be!” – Charles de Gaulle Brazil used to be one of the best emerging markets a few years ago. As one of the BRIC countries Brazil had everything going it relative to others. But then politics and other factors turned Brazil one of the basket cases – at …
Continue reading ‘Most Brazilian ADRs Are Trading Under $10 a Share’ »
The following is a short infographic on the health care system in Brazil. Health care is universal although private insurance can be purchased as well. Click to enlarge Source: Wilson Center, Brazil Institute
Individual investors are participating more in the Brazilian equity market according to an article by Claus Born at Franklin Templeton. He notes that low-interest rate is driving more people looking for yield to the equities. Currently the short-term interest rate, the selic, is at just 2% relative to about 14% four years ago. So it is …
Continue reading ‘Stock Market Participation by Retail Investors is Rising in Brazil’ »
Brazil is one of the top energy player in the world. The country ranks 9th in the world in oil and gas production. In terms of electricity generation, Brazil is a top producer renewable energy. Hydro accounts for 82% of Brazilian electricity generation. So much electricity is generated after domestic consumption, the surplus is exported …
Continue reading ‘The Energy Sector of Brazil: Infographic’ »