Brazil's highest court on Wednesday upheld most of a controversial presidential decree raising the country's Financial Operations Tax (IOF), handing a revenue-boosting win to President Luiz Inacio Lula da Silva's government.

Brazil's Senate on Wednesday approved in a first vote a constitutional amendment to change how the government accounts for court-ordered debt payments starting in 2027, potentially helping it meet fiscal target once considered unattainable.

Brazil assured worried governments on Wednesday it has organized enough rooms to accommodate the tens of thousands of people crowding into the rainforest city of Belem for the United Nations climate summit in November,

The United States has begun investigating Brazil’s trade practices and “anti-corruption interference,” after the president’s criticisms of Brazil’s treatment of Jair Bolsonaro, a Trump ally.

Brazil looks to start this year’s CONMEBOL Copa America Femenina 2-0 when they face Bolivia on Wednesday in Ecuador.

Section 301 of the Trade Act of 1974, as amended, (Trade Act) is designed to address unfair foreign practices affecting U.S. commerce. Section 301 may be used to respond to unjustifiable, unreasonable, or discriminatory foreign government practices that burden or restrict U.S. commerce.

Frozen concentrate orange juice futures have risen about 25% since President Trump said late Wednesday that he would impose 50% tariffs on imports from Brazil starting next month. Orange juice fut

The Brazil Treasury's outlook for the country's gross public debt has worsened, with a forecast rise by 10.6 percentage points during President Luiz Inacio Lula da Silva's current term, 0.6 point higher than its previous estimate in December.