On June 3, 2025, Brazil's Administrative Council for Economic Defense (CADE) granted unconditional approval to the long-anticipated merger between two of the country’s largest pet retail chains, Petz $PETZ3.SA and privately-held Cobasi. The clearance removes the final regulatory barrier to the proposed cash-and-stock merger, initially announced in April 2024.
Gerdau $GGBR4.SA, Brazil’s largest steelmaker by market capitalization, released its first-quarter financial results, reporting a modest increase in net profit. Despite facing challenges in its home market, the company benefited from recent changes in U.S. steel trade policies, which helped offset weaker domestic performance.
Petroleo Brasileiro SA $PBR, Brazil's state-owned oil giant, has announced a reduction in diesel fuel prices for the second time this month. This decision comes in response to a recent decline in global oil prices and political pressure calling for lower prices at the pump. This article examines the reasons behind this move, its implications, and its overall influence on the economic landscape in Brazil.
In recent years, the global automotive industry has been undergoing a significant transformation, with electric vehicles and low-emission cars leading the charge. A noteworthy development is the recent announcement of a joint venture between French company Renault SA $RNO.PA and Chinese Zhejiang Geely Holding Group Co. $0175.HK, aimed at producing and selling electric and low-emission vehicles in Brazil.
Chinese electric vehicle manufacturer BYD $002594.SZ has officially ventured into the mining sector by acquiring rights to two land plots in Brazil. This strategic move will solidify the company's presence in its largest market outside China.
