The Rosario Stock Exchange has reported that Argentina’s 2023 soybean harvest is now projected to be even smaller, concluding at 20.5 million tons. This estimation, released on Wednesday 14th, is a decrease of 1 million tons from the previous forecast. For Argentina, the Rosario Stock Exchange serves as one of the key trading posts. A […]
In response to Brazil's Federal Police launching investigations against the son of the dictator of Equatorial Guinea, the African nation has seized assets of three Brazilian contractors operating within its borders. The companies impacted by the action are ARG, Zagope, and OAS. Equatorial Guinea's Justice system, which operates under dictator Teodoro Obiang Nguema Mbasogo, initiated […]
Immigration has been a significant driver behind the growth of Portugal's resident population, which increased to 10.47 million in 2022, as per estimates shared on Thursday (15) by Portugal's National Institute of Statistics (INE). The institute's report also noted an accelerated aging rate in the country. Portugal saw its resident population rise by 46,249 individuals […]
In a bid to rejuvenate Galeão International Airport in Rio's North Zone, Brazilian President Luiz Inácio Lula da Silva has sanctioned a plan by Rio de Janeiro authorities to restrict operations at the downtown Santos Dumont Airport. Mayor Eduardo Paes announced that the only routes continuing from Santos Dumont will be the airlift to Congonhas, […]
Honduras has announced a nationwide electricity rationing scheme, a measure driven by a drought that has curtailed the performance of the country’s hydroelectric plants. The rationing is slated to impact the entire country, with power cuts of up to three hours every three to four days. This move comes after several power outages in certain […]
Goldman Sachs, the US-based investment bank, issued criticism on Thursday, 15, toward the report by rating agency S&P that upgraded the outlook for the Brazilian government's rating from stable to positive. The bank regarded the move by S&P as unexpected, particularly due to what they perceive as a declining economic and political landscape in Brazil. […]
European Union ambassadors have expressed skepticism over the likelihood of the EU striking a free trade agreement with the South American trade bloc, Mercosur. Despite ongoing official optimism, the consensus among diplomats suggests a waning possibility of concluding the negotiations within 2023. European Commission President, Ursula von der Leyen, held a meeting with Brazilian President […]
For Brazil to ascend the ratings ladder and regain investment grade status from rating agencies, it requires robust reforms and policies that bolster investment and spur productivity growth, Goldman Sachs suggests. This analysis follows S&P Global Ratings' recent upgrade of Brazil's outlook from stable to positive, although the agency maintained the country's "BB-" rating. To […]
Brazil has paused the export of surplus hydroelectric power to Argentina and Uruguay, with energy from thermoelectric plants still being dispatched to these countries, reports the Chamber of Commercialization of Electrical Energy (CCEE). The CCEE noted that the latest dispatch occurred on June 11. However, the operation has not been officially terminated, meaning energy exports […]
The São Paulo Health Department warns individuals who were at the Santa Margarida Farm in Campinas between May 27 and June 11 to seek immediate medical help if they exhibit fever, body pain, headache, or red spots. This warning comes after three of the 12 spotted fever cases this year were linked to the farm. […]
By Alexandre Garcia* (Opinion) Four Brazilian states have lower unemployment than Canada, Germany, the United States, and the United Kingdom - the healthiest economies in the world. Do you know why? Because of agribusiness. It is a "coincidence", isn't it? Four states are booming in agribusiness. First place: Rondônia. A state that I have seen […]
When the subject is waterfalls, Brazil is magnanimous! The gigantic Fumaça waterfall in Chapada Diamantina (Bahia), with 340 meters of fall and guaranteed excitement. Boca da Onça wells in Bonito (Mato Grosso do Sul) are perfect for diving. Caracol waterfall in Canela (Rio Grande do Sul) can be enjoyed from the belvederes or aboard cable […]
When settling in Brazil, several key factors are important to consider. Here are some important aspects to keep in mind. Brazil offers a multitude of attractions, from breathtaking natural wonders to vibrant cities. Take the time to explore and enjoy the country's diverse beauty. Visa Requirements: Ensure you have the correct visa for your purpose […]
Brazil's Chamber of Deputies has passed a controversial bill titled "Project of Law (PL) 2.720/2023", aimed at criminalizing "discrimination against politicians". The bill, pushed forward by Dani Cunha of the União Brasil party and reported by Claudio Cajado of PP-BA, pertains to the "discrimination against politically exposed persons in instances of refusal to open or […]
Suriname's Ministry of Defense has begun the environmentally friendly dismantling of several patrol vessels, procured from Spanish company Rodman in 2000 and abandoned since 2016. Moored along the Saramacca Canal and managed by Hi-Q Oil Suriname NV, these fiberglass vessels fell into a deplorable state over time and were identified as an obstruction and environmental […]
The governments of Managua and Tehran signed several cooperation documents in the economic, legal, scientific, and technical spheres, as part of the official visit of Iran’s President, Ebrahim Raisi, to the Central American country. One of the key points agreed upon was the exploration of a potential Free Trade Agreement (FTA). In a meeting between […]
During a United Nations (UN) session, the Venezuelan government urged to repeal coercive measures, arguing that they contribute to increased poverty and inequality in the countries affected by such sanctions. Joaquín Perez also expressed concern over the growing implementation of these coercive actions, asserting that they undermine multilateralism. “There has been a worrying surge in […]
Argentina’s ruling Frente de Todos party will now be known as Unión por la Patria (Union for the Homeland). This decision comes after a series of focus groups and meetings, aiming to underscore political unity amid some differences between President Alberto Fernández and Vice President Cristina Fernández de Kirchner. The newly rebranded party is set […]
The Brazilian government has designated the Central Bank as the regulatory body for the cryptoasset market, encompassing cryptocurrencies like Bitcoin, platforms such as Ethereum, and non-fungible tokens (NFTs). The announcement was confirmed in a decree published in the recent edition of the Official Gazette. The decree, bearing the signatures of Brazilian President Luiz Inácio Lula […]
Standard & Poor's (S&P) Global Ratings upgraded Brazil's credit outlook from "stable" to "positive" on Wednesday, marking the first such upgrade since 2019. Despite this positive shift, the agency maintained the country's sovereign credit rating at "BB-", a status that still implies a "speculative grade". The revised outlook signifies that Brazil, the leading economy in […]
Mexico’s strong economic foundations are key to the recent strengthening of the Mexican Peso against the U.S. dollar, Victoria Rodriguez, Governor of the Bank of Mexico (Banxico), posited on Wednesday. During the presentation of the “Financial Stability Report”, Rodriguez elaborated on the underpinning factors, which include responsible fiscal and monetary policy measures taken by Mexico. […]
In a step forward for the development of the green hydrogen industry, Chile and the European Union (EU) have entered into cooperative agreements. The pacts were signed during a visit to Chile by a delegation from the European Commission led by its President, Ursula von der Leyen. Chilean President Gabriel Boric, who met von der […]