For the fifth consecutive session, the Brazilian stock market recorded a decline, closing down 0.75% at 124,388.62 points. This marks the first five-day loss since late October 2023. Concurrently, the commercial dollar rose by 1.64% to R$5.26, even hitting R$5.28 briefly. The market’s mood was influenced by the government’s decision to adjust the primary fiscal […]
On April 16, 2024, Argentina enhanced its military capabilities by securing a deal for 24 F-16 fighter jets from Denmark. President Javier Milei and Defense Minister Luis Petri announced the acquisition at the Danish Air Base in Skrydstrup. President Milei joined the event via videoconference due to Middle East conflicts. Defense Minister Petri announced on […]
The International Monetary Fund (IMF) forecasts Brazil's economic growth will modestly increase to 2.2% in 2024. This marks an adjustment upward of 0.5 percentage points from earlier January predictions of a 1.7% rise. This outlook represents an improvement from the October 2023 forecast by 0.7 percentage points. For 2025, the IMF predicts Brazil's growth will […]
East Timor is expected to see a significant increase in economic growth, with forecasts suggesting a rise from 1.5% in 2023 to 3.5% in 2024. This projection comes from the latest analysis by the International Monetary Fund (IMF). This growth, however, is forecasted to decelerate to 3.2% by 2025 and further slow down to 3% […]
China's beef market has experienced a notable decline, posing significant challenges for Brazil, its principal supplier. In a dramatic shift, China's beef imports decreased last year for the first time since at least 2016, with prices dropping to a near three-year low. The U.S. Department of Agriculture forecasts a further 4% decline in import volumes […]
Chapada Diamantina National Park in Bahia is the most recognized among Brazilians, mentioned by 53% in a Semeia Institute survey. It surpasses other well-known parks like Chapada dos Veadeiros and Lençóis Maranhenses, mentioned by 50% and 48% of participants, respectively. Despite general awareness of Brazil's 569 natural parks, about one-third of Brazilians have never visited […]
Amid geopolitical tensions, Brazil's fiscal challenges, and U.S. interest rate uncertainties, the dollar hit a high on April 16, 2024. It reached $5.2802, marking a 1.84% increase and a peak since last March. Concurrently, Brazil's primary stock index, the Ibovespa, declined by 0.76% to 124,386.78 points. This decline reflects broader global market downturns, which are […]
In the first quarter of 2024, Latin America displayed a remarkably wide spectrum of varying inflation rates. Argentina recorded the world's highest consumer price index, while Costa Rica experienced deflation, illustrating the region's varied economic conditions. During this period, Brazil and Mexico, two of the largest economies in Latin America, aimed to adjust their monetary […]
(Analysis) Latin America has increasingly become a battleground for diplomatic conflicts, characterized by mutual accusations, threats, and name-calling. In the latest incident, armed agents stormed the Mexican embassy in Quito and detained Jorge Glas, Ecuador’s former Vice President. Glas had recently been granted political asylum by Mexico. This breach of international norms on April 5 […]
Over the past weekend, an unprecedented attack by Iran on Israel elicited minimal criticism from leftist governments in Latin America. Brazil’s government, led by President Lula, called for "maximum restraint" in the Middle East, notably avoiding direct condemnation of Iran. This response followed an alleged Israeli strike on the Iranian consulate in Syria, which resulted […]
With the Paris 2024 Olympics on the horizon, French authorities are significantly reshaping the opening ceremony amid escalating security concerns. Originally envisioned to host 600,000 spectators along the picturesque Seine River, the event’s capacity has been reduced to 325,000. This adjustment aims to tighten security measures and enhance crowd management in response to potential threats […]
On Monday, Palmeiras announced a significant addition to their roster for the 2024 season by signing midfielder-forward Felipe Anderson. The 31-year-old Brazilian, formerly with Lazio in Italy, opted not to renew his contract, choosing a pre-contract with Palmeiras. He will join the team in July, aligning with the international transfer window’s opening. His contract is […]
The Colombian conflict has entered a new phase with FARC dissidents, particularly the Central General Staff (EMC), actively deploying armed drones against the Colombian Army (EJC). Local media confirms escalation with images of drones equipped with munitions for ground targeting during training operations. General Helder Giraldo alerted military units on March 20 to be vigilant […]
Japan is shifting its economic strategy to better support midsize businesses, which have previously been hindered by classifications that split companies strictly into large or small. Japanese firms’ rigid categorization contrasts with South Korean and Taiwanese peers’ success in developing midsize enterprises, especially in semiconductors. Japan is now assisting businesses larger than SMEs but smaller […]
In 2023, cargo theft rates surged worldwide, particularly in Latin America where Mexico, Brazil, and Argentina reported the highest incidents. According to TT Club and BSI Screen Intelligence, inflation has notably driven the increase in thefts, especially of food and beverages. Violent thefts involving cargo vehicles became more frequent in Chile, Colombia, Argentina, and Peru. […]
In 2023, under President Duilio Monteiro Alves, Corinthians unveiled a financial report audited by RSM Global. The club announced a record revenue of R$ 1.01 billion ($196.12 million), a 92.5% jump from 2022. Their operational earnings (Ebitda) hit R$ 259 million ($50.29 million), showing strong cash flow by subtracting all expenses except interest and amortization […]
Tuesday, April 16th, promises to be a pivotal day in the financial markets with a lineup of significant economic disclosures. Starting at 8:15 AM, the Central Bank of Brazil will release the Focus Bulletin, initiating a day filled with crucial data releases. Following closely will be the February GDP Monitor by the Getulio Vargas Foundation’s […]
On April 15, 2024, São Paulo Governor Tarcísio de Freitas took a firm stand against the Landless Rural Workers' Movement (MST). In a decisive declaration, he announced that his administration would not tolerate any land invasions in the state. This statement came in response to the MST seizing 23 properties during the recent "Red April" […]
Yesterday, President Lula launched the "Terra da Gente" program, marking a pivotal change in Brazil's agrarian reform policy. Amidst MST land invasions, the land reform seeks to strategically settle land disputes with what is called 'reduced conflict'. Lula touted the plan as a contemporary solution to an old problem, focusing on streamlined land identification for […]
The Chilean government launched an initiative today, encouraging both domestic and international investors to develop lithium mining projects. This effort aims to capitalize on Chile’s extensive natural resources, particularly its substantial lithium reserves. These reserves, primarily located in the Salar de Atacama, account for 36% of the world’s total lithium. The “Expression of Interest and […]
In Buenos Aires, a significant chapter began as Mercosur and EFTA met to revive their ongoing free trade talks. The EFTA countries, consisting of Europe’s wealthiest nations like Norway and Switzerland, operate independently of the European Union and enjoy prosperity and autonomy. This gathering aimed to rejuvenate discussions on economic collaboration. This crucial gathering, the […]
Mercado Libre, the titan of Latin American digital commerce, has unveiled a bold initiative to strengthen its Brazilian segment. With an impressive investment of 19 billion Brazilian reais (about $4.1 billion), the plan targets a major expansion in logistics and the enhancement of its digital payment service, Mercado Pago. This strategy is poised to create […]
Today, the spot dollar surged, reflecting a dynamic interplay of economic and geopolitical factors. In the U.S., high interest rates persist, drawing investors towards the dollar’s relative stability. Simultaneously, rising tensions in the Middle East, particularly an unexpected attack by Iran on Israel, have stoked fears, propelling the dollar even higher. This complex backdrop has […]
Today, oil prices fell as markets reacted to the expectation that the recent Iranian attack on Israel would not escalate into a wider Middle Eastern conflict. In the afternoon, Israel’s indication of a potential retaliatory response somewhat offset the decline, possibly reshaping future market dynamics. West Texas Intermediate (WTI) for May dropped by 0.29% to […]
The Brazilian stock market recently underwent a troubling phase, recording its fourth consecutive day of losses. The Ibovespa index dipped by 0.4%, closing at 125,300 points—a notable decline of over 600 points. Concurrently, the U.S. dollar soared to a peak last witnessed in March 2023, marking an increase of 1.13% to R$5.179. Moreover, future interest […]