On Wednesday, the Ibovespa index fell 1.17% to 130,151.88, reversing its upward trend. Petrobras shares led the decline, with PETR3 and PETR4 dropping 5.66% and 5.58%, respectively. CEO Jean Paul Prates's cautious dividend distribution remarks triggered the fall. Vale (VALE3), a major index component, also slipped despite higher global iron ore prices, adding pressure to […]
After two sessions of decline, the spot dollar closed on Wednesday with a firm rise against the real, following the nearly generalized advance of the US currency abroad. Investors shifted from higher-risk assets amid anticipation of new US inflation data to be released on Thursday. The spot dollar ended the day at R$4.9712 for sale, […]
The Peruvian government announced a $1.3 billion aid package for Petróleos del Perú SA, known as Petroperú, in response to its urgent liquidity needs. This support comprises an $800 million loan and a $500 million credit line, both backed by the government through Banco de la Nación. This move follows Petroper’s liquidity alarm and subsequent […]
In January 2023, Brazil achieved a record in fertilizer imports, reaching 2.77 million tons. This marked a 15% increase from the previous year's 2.41 million tons. The boost in imports reflects a strategic move by Brazilian farmers, delaying nitrogen fertilizer purchases in anticipation of the second corn crop. This strategy led to the highest January […]
Cocoa futures on the ICE market saw a dramatic decline, dropping over 6% on Wednesday, marking significant losses for the second straight session. This downturn comes as investors decide to cash in on recent gains, despite ongoing concerns about dwindling supplies in West Africa. London’s May cocoa contract dropped 6.6% to 5,134 pounds/ton, after reaching […]
European stock exchanges ended Wednesday with uneven performances. London market hit by sharp falls in Reckitt Benckiser and St. James’s Place due to disappointing results. French retail giant Casino, owning Brazil’s Grupo Pão de Açúcar, also dropped in Paris following a fourth-quarter loss announcement, a correction from Tuesday’s rise. The Stoxx 600 index dipped 0.35% […]
Oil futures experienced a downturn following a significant increase in U.S. crude inventories, countering the previous session’s gains fueled by anticipated supply reductions. Talks of a ceasefire in Gaza further restrained the advance in prices. In the International Commodity Exchange (ICE), Brent crude for May dropped 0.62% to $82.15 per barrel. April’s West Texas Intermediate […]
Petrobras's shares fell sharply on Wednesday, with a 3.8% dip in preferred shares. CEO Jean Paul Prates indicated a shift towards a cautious dividend strategy amidst renewable energy goals during a Bloomberg interview. Preferred shares fell to R$40.45 and common shares to R$41.88, ranking them among the Ibovespa's biggest declines. The market's anticipation of high […]
Brazil's B3 stock market reported a significant rise in individual investors, up 11% from 17.2 million in 2022 to 19.1 million in a year. This growth reflects an ongoing trend of increased participation in the stock market. The stock market has witnessed a remarkable increase in individual investors, reaching 5 million by the end of […]
In 2023, Brazil's per capita household income reached R$ 1,893 ($378.60). The range spanned from R$ 945 ($189.00) in Maranhão to R$ 3,357 ($671.40) in the Federal District. This information was released by the Brazilian Institute of Geography and Statistics (