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103 results for “Citi”
MercadoLibre Price Target Cut by Citi Ahead of Q3 Earnings
Citi analyst Joao Pedro Soares lowered MercadoLibre's price target to $2,100, citing margin pressure from heavy investments in Brazil.
JPMorgan Downgrades Banco do Brasil as Agribusiness Bad Loans Rise
JPMorgan Chase downgraded state-controlled Banco do Brasil to underweight, citing rising credit risks in the key agricultural sector and a slower recovery.
Brazil AGU Urges Supreme Court to Uphold Total Online Betting Ban
Brazil’s Attorney General’s Office has defended a provisional ban on online betting platforms, citing severe public health and household debt crises.
US Embassy in Brazil Suspends Services Over Unconfirmed Threat
The US Embassy in Brazil suspended consular services on October 2, 2026, citing security concerns. Local police found no immediate evidence of a threat.
EU Rules Out Early Return for Brazilian Beef, Citing Two-Year Timeline
The European Union has rejected a transition period for its ban on Brazilian beef, locking exporters out of a premium market for at least two years.
Brazil AGU Reverses Stance, Urges Court to Strike Down Betting Laws
Brazil's Attorney General's Office (AGU) has asked the Supreme Court to declare online betting laws unconstitutional, citing severe economic and public health damage.
EU rules out quick return for Brazilian beef over tracking cycle
European diplomats dash hopes of a swift transition period for Brazilian beef exports, citing a strict two-year lifecycle tracking rule for antimicrobials.
US Suspends Consular Services in Brazil Citing Security Concerns
The US and Australian diplomatic missions in Brazil shut down public services just 48 hours before a highly polarized presidential election.
Bolsonaro files new Supreme Court appeal to annul 27-year coup sentence
Defense lawyers for Brazil's former president seek to suspend his conviction, citing digital evidence flaws and invoking a recent Supreme Court precedent.
Brazilian Lithium Producer Sigma Lithium Halts Mine Activity After Regulator Cites 'Imminent Risk'
Sigma Lithium stock dropped 3.2% after Brazil's mining regulator ordered a partial halt at its Grota do Cirilo mine, citing a ruptured section.
Judicial Crisis Deepens as Gilmar Mendes Calls for Extraordinary CNJ Probe into R$100 Billion Precatórios Fraud
STF Justice Gilmar Mendes has called for an expanded CNJ investigation into widespread irregularities in federal court-ordered debt payments, citing a "parasitic" scheme tied to the Banco Master Case and a potential R$100 billion fiscal hole.
Brazil’s Lula Dismisses Public Debt 'Panic,' Citing Massive International Reserves
President Lula told a national audience that rising public debt is not a concern, pointing to Brazil's strong dollar reserves.
Lula Bans All Fixed-Odds Betting Days Before Election, Citing Public Health Crisis
President Luiz Inácio Lula da Silva signed a Provisional Measure banning online betting in Brazil, reversing a recently regulated R$10 billion industry.
Brazil Government Cuts 2026 GDP Forecast to 2.0% as High Interest Rates Slow Economic Activity
Brazil's Ministry of Finance revised its 2026 growth forecast downward, citing the ongoing, restrictive effect of the Selic rate.
Lula Signs Total Ban on Sports Betting, Citing ‘Social Crisis’ and ‘Cancer’
Brazilian President Lula has outlawed all online fixed-quota sports betting and casino games effective immediately, citing a public health crisis.
Lula Orders Immediate Ban on Online Betting, Sparking Brazil Regulatory Risk Fears
Brazil's President Lula bans a R$2.55 billion licensed online betting market overnight, citing a 'public health problem' and 'misery.'
Lula Bans R$37 Billion Online Betting Sector Days Before Election, Citing Social Costs
Brazil's President Lula signed an MP immediately banning the $7bn online betting sector, reversing a regulatory framework less than two years old.
Brazil Formally Challenges US Tariffs Up to 37.5% at WTO, Citing Discrimination
Brasília initiates formal consultations at the WTO over a 'tarifaço' of U.S. duties hitting Brazilian exports like steel and sugar.
Bolsonaro Allies Float New Pension Reform, Citing Milei’s Austerity Cuts as Model
Allies of former President Jair Bolsonaro, including his son's campaign coordinator, suggested 'revisiting' Brazil's 2019 pension reform, citing Argentina's Javier Milei as inspiration.
Brazil’s Diesel Subsidy Extension Tests Fiscal Rule Amid Claim of Oil Revenue Offset
Brazil's government plans to extend a key R$2.12/liter diesel subsidy for 30 days, citing extraordinary oil revenue to offset the fiscal cost, a move that tests its new spending rules.
Brazil Central Bank Signals New Regulations to Curb ‘Predatory’ Consumer Credit
BC President Galípolo is planning macro-prudential measures to tackle record household debt, citing a 65% credit card default rate as a design flaw.
Bolsonaro Campaign Floats Privatization of State-Owned Banco do Brasil
The economic team for presidential candidate Flávio Bolsonaro proposed privatizing Banco do Brasil, citing an inspiration from Javier Milei's policies in Argentina.
Brazil Judicial Oversight Body Cancels R$4.7 Billion in Government Debt Tied to Master Group
The CNJ's Corregidor ordered the cancellation and return of R$4.7 billion in federal precatórios, citing their irregular issuance and connection to the liquidated Banco Master.
Lula Opens UN Assembly with Call for Urgent Security Council Reform, Citing Low Credibility
Brazilian President Luiz Inácio Lula da Silva opened the UN General Assembly by fiercely criticizing the Security Council's inaction, calling for its urgent reform, and reasserting a foreign policy centered on multilateralism and the Global South.
Brazil Finance Ministry Cuts 2026 GDP Forecast to 2.0% on Drag From High Selic Rate
Brazil's Ministry of Finance revised its 2026 GDP growth forecast downward, citing the restrictive effects of the high benchmark Selic interest rate on key sectors.
XP Investimentos Cuts Kepler Weber Estimates, Citing Slowed Profit Recovery from Restrictive Rural Credit
A major Brazilian brokerage has revised down its profit and margin forecasts for Kepler Weber, Brazil’s largest grain storage equipment maker, due to prolonged farmer caution caused by high financing costs.
Brazil’s Ruling Party Petitions Supreme Court to Audit Flávio Bolsonaro Amendments Over Militia Link
The leader of Brazil's ruling PT party in the Chamber of Deputies has asked the Supreme Court to audit all parliamentary amendments allocated by Senator Flávio Bolsonaro since 2019, citing reports of a negotiation with a convicted figure tied to Rio militias.
Top Senator Proposes Legislation Targeting 'Predatory Pricing' by Foreign Firms in Brazil
Senator Laércio Oliveira, a key figure on the Senate’s Economic Affairs Commission, is preparing legislation to block what he calls the 'harmful practice' of predatory pricing by foreign companies, specifically citing Chinese firms.
Banco Safra Resumes Coverage on Bradsaúde, Citing Strong Growth and Dividend Potential
Banco Safra resumed coverage on Bradsaúde (SAUD3), the consolidated healthcare arm of Bradesco, basing its positive outlook on defensive financial results and strong capacity for income generation.
Magalu Unit Challenges iFood Exclusivity at CADE, Seeking to Open Brazil’s Interior Delivery Market
Magazine Luiza’s aiqfome delivery arm filed a complaint with Brazil’s antitrust body, CADE, arguing a 2023 settlement failed to protect smaller cities from iFood's exclusivity agreements.