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CSN Posts R$773 Million Quarterly Loss as Real’s Slide Exposes Massive Debt Risk
PROMarketsAug 13

CSN Posts R$773 Million Quarterly Loss as Real’s Slide Exposes Massive Debt Risk

Brazil's steel and mining giant Companhia Siderúrgica Nacional reports a huge quarterly loss driven by currency costs, not operations.

Lula Creates Council to Fast-Track R$18.5 Billion BNDES Credit for Tariff-Hit Industries
PROPoliticsAug 06

Lula Creates Council to Fast-Track R$18.5 Billion BNDES Credit for Tariff-Hit Industries

President Lula established a new council to expedite R$18.5 billion in subsidized BNDES financing for sectors including steel and auto, facing US tariffs.