On March 1, 2024, Claudia Sheinbaum began her presidential campaign in Mexico City’s Zocalo, representing the Morena party and the “Let’s Keep Making History” Coalition. She presented a comprehensive list of 100 promises as part of her “Project for the Nation.” This move echoes President Andrés Manuel López Obrador’s (AMLO) own campaign launch five years […]
Venezuelan President Nicolás Maduro has informed Brazilian President Lula da Silva of plans to hold general elections in late 2024. This news emerged from their meeting at the CELAC Summit in Kingstown, marking a notable step in Venezuela's political landscape. Though the National Electoral Council of Venezuela has not set an election date, this declaration […]
Brazil is finalizing a groundbreaking proposal to renegotiate international debts, aiming to alleviate the financial burdens on less affluent nations. Finance Minister Fernando Haddad announced this initiative from discussions at the G20 finance summit. It marks a departure from Brazil's previous passive role in global debt issues, highlighting a commitment to economic diplomacy and international […]
Today, soccer fans are in for a treat with key matches from Brazil’s Paulista and Carioca Championships taking center stage. Corinthians faces Santo André in the Paulista Championship, while Flamengo battles Madureira in the Carioca Championship. The day also features games from MLS, La Liga, the French Championship, the Spanish Second Division, and more. Live […]
The 2024 Formula 1 championship ignites on Saturday, March 2, starting with the thrilling Bahrain Grand Prix. This race, followed by the Saudi Arabia Grand Prix on March 9, uniquely aligns with Saturdays due to Ramadan observances. High hopes for a season with more fans and diversity, driven by social media and "Drive To Survive" […]
On March 1, 2024, Brazil’s national soccer team coach, Dorival Júnior, announced his team lineup. This event took place at the CBF office in Rio de Janeiro. He chose 26 players for matches against England and Spain in March. The coach is looking ahead to the World Cup in two and a half years. He […]
Nvidia has soared to a $2 trillion market cap, ranking as Wall Street’s third most valuable, behind Microsoft and Apple. Its AI chips, crucial for giants like OpenAI and Google, drove this growth. With a record eight-month leap from $1 trillion to $2 trillion, Nvidia outpaces Apple and Microsoft, reflecting the high demand for AI […]
The Ibovespa index modestly climbed at March’s onset, echoing trends from Wall Street. It finished the day up 0.12%, at 129,180.37 points, despite a slight weekly dip of 0.18%. The spotlight was on Brazil’s economic data. The nation’s GDP saw no quarter-on-quarter growth in Q4 2023 but rose 2.9% across the year. Revisions showed Q3’s […]
Zambia has declared a national emergency as a severe drought, worsened by El Niño, ravages food and electricity production across the country. The warmer Pacific Ocean disrupts rainfall, leading to reduced precipitation and heightened drought conditions. Zambia’s 2023-2024 rainy season anticipates below-average rainfall, extended dry spells, and occasional heavy rainfall events. However, these conditions threaten […]
Brazil may soon see the launch of a new stock exchange, spearheaded by Mubadala Capital from Saudi Arabia, as reported by Lauro Jardim of Globo. Planned to be based in Rio de Janeiro and led by Claudio Pracownik, a former executive at Ágora and Genial Investimentos, the initiative aims for a mid-2025 start. This announcement […]
Last week, Arabica coffee futures closed lower on the New York Stock Exchange (ICE Future US), while Robusta coffee on the London Stock Exchange saw gains. Arabica contracts for May/24 dropped by 105 points to 183.30 cents/lb, and July/24 decreased by 130 points to 181.40 cents/lb. September/24 fell by 140 points to 181.10 cents/lb, and […]
This week, oil prices saw an upward trend, fueled by worries over supply amid rising geopolitical tensions. The faltering peace talks between Israel and Hamas have notably influenced market sentiment. In trading, Brent crude for May edged up by 2.00%, closing at $83.55 a barrel on the ICE. Similarly, WTI for April experienced a 2.19% […]
In January, Brazil’s oil production fell 1.8% to 3.519 million bpd, marking its second consecutive monthly decline. Yet, this figure represents a 7.5% increase from the previous year, thanks to progress in the pre-salt regions. Petrobras, the national oil company, produced about 2.25 million bpd in January, showing a 7.37% rise from the same month […]
This Friday, sugar futures saw a sharp decline in the New York and London markets. This drop came after reports of better-than-expected sugar crops in Asia. Despite this, there’s talk of a tighter supply ahead. In New York, the most active raw sugar contract fell 2.77%, closing at 21.09 cents per pound. It varied between […]
On Friday, Brazil’s future interest rates dropped. This was after US Treasury yields fell. Disappointing US industrial reports suggested the Federal Reserve might reduce rates soon, perhaps in June. Brazil’s interfinancial deposit (DI) rates had already fallen significantly the day before. This occurred right after the US Commerce Department shared the Personal Consumption Expenditures (PCE) […]
On Friday, the US dollar dipped against the Brazilian real, mirroring its decline against other global currencies. This trend followed the release of disappointing US industrial data, sparking discussions about a potential Federal Reserve interest rate cut in June. The spot dollar ended the day down by 0.35% at 4.9545 reais, marking a 0.78% fall […]
In February 2024, FATF gray-listed Kenya and Namibia due to anti-money laundering and counter-terrorist financing concerns. This development is critical, as both countries aim to establish themselves as secure, investment-friendly environments within Africa. Kenya and Namibia’s presence on the gray list acknowledges strategic AML/CTF deficiencies in both countries. They must now act swiftly to address […]