brazil

U.S. equity may have soared to nice heights in 2023. Growth stocks, especially those belonging to the Tech sector, have been leading the way. The market benchmark S&P 500 index tracking ETF — the SPDR S&P 500 ETF (NYSE:SPY) — is up 23.22% for the year as we head towards the 2023 close....

Wilson Lima, the governor of Amazonas state in Brazil, is asking Jeff Bezos to pay royalties for his company’s use of the ‘Amazon’ name. As per a Business Insider report, Lima told Brazilian media outlet O Globo that Amazon.com Inc. (NASDAQ:AMZN) uses the names ‘Amazonas...

OKX on Monday announced the launch of its crypto exchange and Web3 wallet services in Brazil to offer traders a platform for trading a wide array of cryptocurrencies, along with options such as staking rewards and DeFi integrations. The platform will support Brazilian Real (BRL...

While Brazil sees higher acceptance of USDT, other Latin American nations like Argentina have bigger appetites for Maker’s DAI. This insight into crypto preferences comes as the market booms in anticipation of the potential approval of a spot Bitcoin ETF. Industry titans ...

According to a recent study, the Amazon forest’s carbon emissions took a dramatic leap under former Brazilian President Jair Bolsonaro‘s administration, Reuters reported. The study was conducted by the Brazilian National Institute for Space Research (INPE). It revealed that carbon...

Global economic order sees potential disruption as dozens of countries are eyeing membership in BRICS, a collective of Brazil, Russia, India, China and South Africa. This group, positioned as a counterbalance to Western dominance, is convening in Johannesburg this week, sparking speculations about...

Emerging economies face heightened financial risks due to cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH), according to a study by the Bank for International Settlements (BIS), a prominent global central bank consortium. Despite some proponents advocating for digital assets...

The Shanghai-based New Development Bank, established by the BRICS nations, is reportedly set to roll out loans denominated in the South African rand and Brazilian real, a strategic move aimed at reducing reliance on the U.S. dollar and fostering a more multipolar global financial...

In an ambitious leap towards digital finance, Brazil's Central Bank set plans in motion to test its central bank digital currency (CBDC) platform, known as the digital real. To ensure a robust trial phase, a diverse array of local and international entities have been selected as...

Digital asset investment products have witnessed a net outflow of $32 million in the past week, marking the fifth week in a row of this downward trend, with the total over this period amounting to $232 million (0.7% of total assets under management), according to a report. In its digital asset fund...

"Long emerging markets" has been almost doctrinally ingrained in the psyches of investors for decades. The strategy remains about as popular and (almost) as successful as NBA legend LeBron James -- for almost as long. We can track this statistically: LeBron joined the NBA in 2003, still...

Latin American banking company Nu Holdings (NYSE: NU) reported first-quarter financial results after market close Monday. Here are the key highlights. What Happened: Nu reported first-quarter revenue of $1.6 billion, which was nearly double the results of the previous year. The revenue total beat a...

Brazilian authorities have launched an official investigation into Binance (CRYPTO: BNB), the largest cryptocurrency exchange by trading volume, over allegations of financial crimes executed through its derivatives offerings. O Globo reported that the probe was initiated following a tip-off from...

On the eve of Brazil's professional soccer season, Binance (CRYPTO: BNB) and the Brazilian Football Confederation introduced a non-fungible token (NFT) aimed at increasing fan engagement and drawing in more customers. The complementary NFT from the world's largest cryptocurrency exchange...

The prospect of a new world currency has been gaining traction, with the BRICS alliance exploring the idea of an innovative currency. The group of nations plans to share proposals at a forthcoming summit in South Africa, which has led to discussions on the potential impact on the U.S...