brazil

The BRICS alliance is exploring the creation of an innovative currency, with plans to share proposals on its establishment at the forthcoming summit in South Africa, according to Alexander Babakov, deputy chairman of Russia's parliament, the State Duma. Speaking at the St. Petersburg...

A satellite terminal from Starlink made by Elon Musk's SpaceX, was reportedly found by agents of Brazil’s environment agency and the country’s highway police in a raid on an illegal mining site in the Amazon region.  What Happened: On Tuesday, the agents found the...

An Apple Inc. (NASDAQ:AAPL) iPhone 11 was lost by a student while saving a drowning woman in Brazil. One week later, the phone was found seven meters deep in the lake — still functioning.  What Happened: Breno Rafael, the student, lost his iPhone 11 while saving a woman who was drowning when...

Digital financial services company Nu Holdings Ltd (NYSE: NU) reported fourth-quarter and full-year financial results after market close Tuesday. Here are the key highlights. What Happened: Nu Holdings reported fourth-quarter revenue of $1.45 billion, which missed a Street estimate of $1.47...

Coin Cloud, a Las Vegas-based company that operated more than 4,000 Bitcoin ATMs in the U.S. and Brazil, declared Chapter 11 bankruptcy. The court filing estimated the company's liabilities to be between $100 million and $500 million, with Genesis Global Trading, a subsidiary of...

Nobel laureate and noted economist Paul Krugman has poured cold water on the concept of a shared currency between Brazil and Argentina, calling it a "terrible idea." What Happened: Krugman on Sunday shared a Financial Times article about economists questioning the South...

Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez have reportedly said the two countries aim for greater economic integration that includes the development of a common currency. "We intend to overcome the barriers to our exchanges,...

Former Brazilian President Jair Bolsonaro was admitted to a hospital in Florida on Monday while 1,500 of his supporters have been taken into custody in Brasilia after rioting in the capital. What Happened: Bolsonaro’s visit to the hospital took place after the former leader complained of...

Elon Musk, CEO of Tesla (NASDAQ: TSLA) and Twitter, is also a news hound who regularly comments on global events - from Brittney Griner’s detention in Russia for cannabis oil possession, constant outrages against women in Iran and now  the violent attack on...

Brazil's Congress, presidential palace and Supreme Court were overrun on Sunday by supporters of the country’s former President Jair Bolsonaro. What Happened: Thousands of people stormed the government buildings in the capital Brasília, according to Reuters. Broadcasts of the...

When cryptocurrencies first started gaining the attention of mainstream investors in early 2017, a number of crypto pundits were quick to claim that they could act as an effective hedge against inflation. Citing the limited token supply of cryptocurrencies like Bitcoin (CRYPTO: BTC) as the chief...

Given the nickname O Rei (The King) at an early age, soccer star Pelé is considered one of the greatest to ever play the sport. Recognized as a leader for soccer in Brazil, the United States and at several World Cup tournaments, Pelé remains one of the few who can be considered the...

Brazilian President Jair Bolsonaro approved a crypto regulation bill on Thursday morning. The move establishes a comprehensive regulatory framework for the usage and trading of digital assets in the country, according to the federal government’s official journal (DOU). The crypto regulation...

Brazilian legislators have approved the complete regulatory framework for trading and using cryptocurrencies as payment. What Happened: The new bill passed on Tuesday night in Brasilia, the country's capital, recognizes Bitcoin (CRYPTO: BTC) as a digital representation of value that can be...

Investors often short stocks to hedge positions against long positions or as a way to bet against a particular company. Benzinga provides a look at the most shorted stocks here. Exchange traded funds offer investors a way to get exposure to the overall market, certain sectors or countries by...