In 2024, Rio de Janeiro transforms into a vibrant hub of Carnival festivities, featuring an array of street bands across its neighborhoods. This four-day celebration brings life to areas such as Centro, Grajaú, Tijuca, and Ipanema, among others, with music and dance. Participants are encouraged to gear up in their most eye-catching costumes, stay hydrated, […]
On Friday, European stock markets ended mixed as investors mulled over inflation figures from Germany and the US. This comes as both the European Central Bank (ECB) and the Bank of England (BoE) seek clear signs of inflation moving towards their 2% goal before slashing interest rates. The DAX in Frankfurt dipped 0.22% to 16,926.10 […]
MercadoLibre's naming rights acquisition for São Paulo's Pacaembu Stadium, a deal exceeding R$1 billion ($200 million) for up to 30 years, represents a milestone in Brazilian sports. This partnership highlights the ongoing, extensive renovations at Pacaembu, showcasing its potential beyond merely hosting football matches. Allegra Pacaembu's CEO, Eduardo Barella, highlights stadium transformation for diverse uses […]
Since 2003, China has invested $54 billion in Brazil, covering 100 projects. This move aims to deepen China’s ties with Latin America and showcases a diverse partnership spanning energy, telecommunications, and agriculture. Initially focusing on energy, especially electricity, China’s interests have broadened to finance, IT, and green energy, underscoring a commitment to Brazil’s development. The […]
On the eve of Carnival, the Ibovespa index saw a subdued session, pulled down by significant shares like Vale (VALE3), Petrobras (PETR4), and Banco do Brasil (BBAS3). The Brazilian stock market's primary index marginally dropped by 0.15%, closing at 128,025.35 points, achieving a slight weekly increase of 0.66%. This trading day came right before the […]
The U.S. dollar saw a decrease against the Brazilian real on Friday, influenced by U.S. inflation figures matching expectations. This period of trading was marked by lower liquidity, particularly in the afternoon, as the market awaited Brazil's Carnival celebrations. Ending the day at R$4.9595, the dollar dropped by 0.72%, contributing to a weekly decrease of […]
Security concerns in the Red Sea have heightened, as noted by leaders from top shipping companies. Despite actions by Western nations to deter attacks by Yemen’s Houthi rebels, the situation has not improved. Companies like A.P. Moller-Maersk A/S and D/S Norden A/S have observed an increase in threats, complicating navigation in this essential maritime corridor. […]
During a recent visit to Tokyo, Kenyan President William Ruto secured over $2 billion in financial commitments from Japanese investors. This marks a pivotal shift in Kenya’s international investment strategy, moving away from its previous reliance on Chinese funding. With China’s financing slowing down due to its own economic pressures, Kenya is diversifying its economic […]
Petrobras, a leading Brazilian oil company, has partnered with Shell to commence oil exploration within São Tomé and Príncipe’s Exclusive Economic Zone (EEZ). The partnership signifies a crucial step for São Tomé and Príncipe, indicating progress towards discovering profitable oil reserves. The agreement sees Petrobras taking a 45% interest in blocks 10 and 13, and […]
Bitcoin’s recent surge past $48,000, marking a one-month peak, is fueled by significant investments into U.S. funds and anticipation of the April ‘halving’ event. This digital currency experienced a 4% increase by 10 AM in New York on Friday, signaling an 11% rise year-to-date, surpassing the performance of major tech stocks. The launch of nine […]