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State-backed instant transfer service is credited with helping to widen financial inclusion
Former SoftBank executive’s Bicycle Capital places $25mn bet on Brazilian motorbike rental start-up
Higher output welcomed by leftwing leader, who criticises high interest rates as a drag on economy
New fiscal framework under leftwing administration means budgets must rise by more than rate of inflation
Latin America’s largest petrochemicals producer has attracted bids from Apollo and Abu Dhabi state-run oil company
Leftwing leader Lula wants state to play a greater role in economic development
Hard-fought battles with price pressures in the 1980s and 1990s meant rate-setters acted fast when costs soared
Investors welcome bold environmentalist programme from leftwing president
Subsidies for manufacturers and a non-aligned foreign policy are rooted in the former trade union leader’s formative years
Brussels aims to boost Latin America ties but struggles to resolve environmental spat with Brazil and Argentina
Amid widespread speculation about a coup attempt, the Biden administration pressured politicians and generals to respect the result
Brazilian oil major is trying to overcome opposition to plans for drilling off the mouth of the Amazon river
Also in today’s newsletter: How Europe lost its prime trade relationship with Brazil
‘A big fight’: potential new fossil fuel source causes rift in Lula government after green pledges
Powerful leader of Brazil’s lower house tells FT he will defend market-friendly laws
Former bank executive Gabriel Galípolo will serve as monetary policy director
Government says push to expand the role of the state will be accompanied by commitments for balanced budgets
President has in effect abandoned his ‘big tent’ coalition only a few months into his third term
Leftist president lends his voice to Beijing’s efforts to boost renminbi’s role in global commerce
Weak investment and slowdown in industry and services end five consecutive quarters of growth
President questions independent monetary policy and bank’s continuing independence
Body Shop and Avon owner is concentrating on revamping its brands during consumer spending squeeze
Lula administration announces package of tax rises and spending cuts
Petrobras and Banco de Brasil shares hit by volatility in new president’s first week
The veteran leftist’s best chance of fulfilling campaign pledges is to harness the power of investment and trade
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