VENTURE CAPITAL POST

Argentine President Javier Milei is expected to not attend the Mercosur summit in Paraguay this week and would instead head to Brazil to attend a rally organized by hard-right former president Jair Bolsonaro.

Brazil's former president Jair Bolsonaro was indicted by the country's Federal Police for alleged money laundering and criminal association.

Meta cannot use Brazilian personal data to build its AI models, according to the country's data protection authorities.

Brazil has recently decriminalized marijuana for personal use, marking a significant development in the country's stance on drug policy.

Nestle is reportedly planning to invest 1 billion reais ($196.5 million) in Brazil over the next two years to boost production capacity and out-of-home sales of its Nescafe products.

Thousands of avid supporters of former Brazilian President Jair Bolsonaro have taken to the streets of Rio to rally with their injured leader and celebrate Elon Musk, the new hero of their far-right movement.

A US congressional committee revealed classified Brazilian court rulings suspending accounts on the social media platform X, providing insight into choices that have sparked accusations about suspected censorship by the firm and its billionaire owner, Elon Musk.

A Supreme Court judge in Brazil has launched an investigation into Elon Musk for alleged obstruction of justice.

The mayor of Sorriso, Brazil's leading soybean producer, plans to attract investments for the local grain crushing industry, highlighting the region's global agricultural potential and promoting the establishment of new crushers.

Mining giants BHP, Vale, and their iron ore joint venture Samarco have been ordered to pay $9.67 billion in damages over a deadly dam collapse in Brazil.

Fatalities in the Colombia plane crash on Monday has risen to 75. The British charter plane was en route to Medellin when it crashed in La Union.

Led by new President Mauricio Macri, economy recovery in Argentina is anticipated during 2016. Argentina registered $3 billion trade deficit for 2015. Exports too fell over 50 percent during 2015.

Latin America experienced a phenomenal growth in the last decade. However, according to World Bank, the economic growth has not reached some people.Meanwhile the region's economy is slowing down in the last three years.

Brazil, the world's number one coffee grower and exporter, has been hit by El Nino from last year, affecting the coffee crops and harvests. The weather has affected prices expectations and investors moves, as demand rise and supply declines. Coffee bean prices rise has been seen in Brazil.

South American nation Venezuela is suffering from gasoline smuggling to neighboring nations. Gasoline is heavily subsidized in Venezuela. The cheaper gasoline smuggling has become a major revenue source in the crisis-hit Venezuelan economy. Venezuela's President has deployed soldiers in large number to keep constant vigil on its borders. Venezuela is losing foreign exchange revenue in US dollars because of smuggling of gasoline.