Argentina’s leadership recently shared its economic strategy, which shed light on future plans for the dollar, ending currency controls, and inflation expectations. President Javier Milei and Economy Minister Luis Caputo outlined their approach, focusing on financial stability and growth. At the IEFA Latam Forum 2024, Milei emphasized maintaining the current pace of the dollar’s official […]
In February 2024, Brazil set a significant milestone by creating 306,100 formal jobs, a 21.2% increase from the previous year, making it the third-highest February on record for job creation. Only 2021 and 2022 saw higher numbers, with 397,700 and 353,800 jobs added. The Ministry of Labor and Employment released this data on March 27, […]
South Africa needs to invest $5.7 trillion by 2050 in transportation, energy, water, sanitation, and housing infrastructure to support the development of rural and informal areas. Mameetse Masemola, Acting Head of Infrastructure South Africa (ISA), stressed this at the Sustainable Infrastructure Development Symposium. Since 2020, ISA has been fostering public-private partnerships to speed up infrastructure […]
Founded in 2015 by BRICS countries, the New Development Bank (NDB) is set to issue $5 billion in loans in 2024, marking its significance in global finance. This move aligns with a time when China’s lending in Africa has dropped to its lowest in two decades. With $100 billion in initial capital and $50 billion […]
According to the National Statistics Institute INE, Cape Verde reached a tourism milestone by welcoming over a million visitors in 2023. The country closed the year with 1,010,739 guests and 5,150,806 overnight stays, achieving growths of 20.9% and 26.0% over 2022. These figures exceeded pre-pandemic levels, with a 23.4% increase in guest numbers from 2019. […]
On Wednesday, Portugal's Parliament struggled to select a speaker following three unsuccessful attempts on Tuesday. These events showed the weakness of the center-right coalition and the growing power of the nationalistic right. The Democratic Alliance (AD) barely won over the Socialist Party in the March 10 election. However, it did not secure a majority. The […]
Morgan Stanley now focuses on Brazilian firms responsive to interest rate shifts, driven by the FOMC's positive view on U.S. rates. The decision aligns with the Federal Reserve's expectation of rate reductions, enhancing the appeal of Brazilian stocks sensitive to such economic indicators. On Wednesday, the firm shared insights anticipating four rate cuts this year, […]
Brazil's JBS welcomed Wesley and Joesley Batista back onto its board, expanding it to include 11 members, of which seven are recognized as independent. JBS is a global powerhouse in the food industry. Its significance is rooted in feeding millions worldwide and shaping global food supply chains. The Batistas own J&F Investimentos, controlling JBS. They […]
In 2024, Brazil's towns will actively elect their mayors and council members, spotlighting the nation's political heavyweight rivalry in local decision-making. President Luiz Inácio Lula da Silva and former President Jair Bolsonaro's parties, PT (left) and PL (right), respectively, lead in declaring candidates for these positions. The upcoming municipal vote mirrors the country's broader political […]
As reported by DANE, Colombia’s joblessness rate reached 11.7% in February 2024, a minor rise from 11.4% the year before. Women faced higher unemployment at 14.7% than men’s 9.4%, creating a 5.3% gender gap. The Total Participation Rate stayed at 65.9%, while the Employment Rate dipped slightly to 56.4%. The TPR increased from 65.2% to […]
The United States and its international partners are stepping up efforts to renew peace negotiations in Sudan, focusing on halting a conflict that has led to significant harm. Recent talks in Jeddah, Saudi Arabia, have brought cautious optimism from the US about reaching a ceasefire to facilitate humanitarian aid. These negotiations involve the Sudanese Armed […]
North Korea has cleverly bypassed UN sanctions, engaging in unauthorized trade and cyberheists to fund its nuclear ambitions. Despite global efforts to isolate Pyongyang, it has fortified alliances with nations like Russia, exploiting geopolitical rifts. Kim Jong Un’s use of a Russian-gifted limousine blatantly ignores the ban on North Korean automobile imports, highlighting these growing […]
Peru offers an unparalleled adventure for those passionate about the outdoors, seamlessly blending breathtaking landscapes with rich cultural heritage. Its diverse terrain, from the majestic Cordillera Blanca to the ancient pathways of the Inca Trail, presents a wide range of trekking experiences to satisfy all levels of adventurers. Each path traverses stunning natural beauty and […]
After the Bank of Japan (BOJ) moved away from its negative interest rate policy, the yen fell to a 34-year low, nearing 152 against the dollar. This notable decline has led to speculation about government intervention and the possibility of an early rate hike to stabilize the currency. The yen’s swift drop, influenced by the […]
The UK has strategically chosen to enhance its nuclear defense capabilities, as highlighted by the Astute, Dreadnought, and upcoming Aukus submarines' construction in Barrow-in-Furness. Partnership with allies like Australia and the US bolsters UK defense, positioning it at the forefront of global security. The UK will invest over £200 million in the next decade to […]
(Analysis) Manuel Rosales’ last-minute declaration as a presidential candidate stirred the Venezuelan opposition landscape. His unexpected candidacy, bypassing Corina Yoris, ignited debates within the opposition ranks. Supporters justify his choice, citing the absence of alternatives and the necessity to uphold electoral engagement. Rosales steps into the race under the Unitary Platform, aiming for democratic reform. […]
Latam Brasil is set to boost its domestic flights by 20% on 28 routes starting in April. This move, introducing 165 extra flights weekly, targets the surging travel demand within Brazil. Beyond São Paulo and the Federal District, the hubs of Latam in Brazil, the most significant increases are in Rio de Janeiro and Espírito […]
In a decisive move, President Nayib Bukele of El Salvador has initiated a significant security operation in the country's north. This strategic deployment involves 5,000 soldiers and 1,000 police officers, a response to two tragic gang-related deaths in the Chalatenango region. The areas of Potonico, San Isidro Labrador, San José Cancasque, and San Antonio Los […]
(Analysis) Venezuela blocking Corina Yoris’s election run has exposed the reality of unfair elections, putting Brazil in a tough spot. Brazil had not criticized Venezuela’s government, aiming to guide Maduro toward peaceful change. International Relations expert Carolina Pedroso points out to local media that Brazil sought Maduro’s cooperation to improve conditions in Venezuela. When Maduro […]
Brazil staged an electrifying comeback, finishing a 3-3 draw against Spain, overcoming an early disadvantage. Led by Coach Dorival, the team rebounded from a 2-0 deficit, equalized, fell behind again, but then leveled with a last-minute penalty. Brazil’s scorers were Endrick, Rodrygo, and Paquetá, with Paquetá netting a pivotal penalty in the final minute. Spain’s […]
Welcome to Wednesday’s Morning Call, where we delve into pivotal developments impacting investors and the financial landscape. Today’s briefing highlights two crucial areas: Brazil’s rental inflation, measured by the General Price Market Index (IGP-M), and Noteworthy profits from companies Cosan, Hapvida, and Marfrig. Recent data reveal significant insights. On Tuesday, the stock market slightly retreated, […]
On Wednesday, March 27th, football enthusiasts worldwide have many exciting matches to look forward to, including a selection of significant games in Brazil. The spotlight is on matches from the Paulista Championship, Copa Nordeste, and other state competitions throughout Brazil, promising a day filled with thrilling football action. For those keen on following these matches, […]
The Central Bank of Brazil’s Committee on Monetary Policy (Copom) has recently expressed concerns about the unpredictable pace of inflation reduction. This uncertainty is driven by persistent inflation in the service sector, strong economic activity, and wage increases. In response, the committee reduced the Selic rate from 11.25% to 10.75% annually during their latest meeting. […]
Brazil's President Luiz Inácio Lula da Silva and France's President Emmanuel Macron announced a plan on Tuesday. Their goal? To raise over 1 billion euros ($1.082 billion) for sustainable projects in the Amazon regions of both Brazil and French Guyana. They chose Belém, Pará's capital, for the announcement. This city will also host the 2025 […]
On Tuesday, Argentine President Javier Milei sharply criticized past “populist” regimes, unveiling plans to cut 70,000 government positions. This move marks a deeper push into fiscal reforms that began in December. Milei, speaking in Buenos Aires at the International Economic Forum of the Americas, reflected on the grave challenges he faced from day one. He […]