The Ibovespa, Brazil's main stock market index, has seen its sixth consecutive session of gains, underscoring a period of positive momentum. This rise comes amidst modest increases compared to the larger surges on Wall Street, highlighting the global interconnectedness of financial markets. The Ibovespa's climb to 130,167.54 points brings it closer to a key resistance […]
Nigeria plans to restrict access to major crypto exchanges such as Binance, Coinbase, and Kraken. This move aims to bolster the naira against the dollar. The Financial Times and local media report on this strategy. Nigerian authorities have contacted telecom firms to block these platforms. The government accuses these exchanges of facilitating naira speculation and […]
Flávio Dino, a well-known figure in Brazil's political and legal spheres, has recently started a significant new role. He now serves on the Supreme Federal Court (STF), filling the spot Rosa Weber left upon retirement. President Luiz Inácio Lula da Silva picked him for this position, and the Senate confirmed it, showing strong support for […]
On a notable day, the US dollar rose slightly against the Brazilian real due to strong US economic reports. This rise mirrors the dollar's performance against other global currencies, with delays in US rate cuts expected until June or later. The dollar ended at 4.9523 reais, a 0.28% gain. For the month, it also increased […]