This week, global precious metal producers conclude their earnings season, focusing particularly on gold amidst rising prices. Meanwhile, North America launches its newest pipeline project, set to reshape international crude oil flows, alongside significant cocoa price volatility not seen since 1977. Gold Amid soaring prices, it’s a lucrative period for gold mining. Newmont Corp., a […]
In 2023, trade between Latin America and China dramatically soared to an unprecedented record of $480 billion. This surge positioned China as the region’s second most important trading partner, surpassing the European Union. This surge in trade marks a significant increase from $14 billion in 2000, showcasing a dramatic growth over two decades. This trade […]
An unprecedented Salvador Dalí immersive exhibition debuts in Brazil, showcasing 100 of his seminal works. Hosted at FAAP’s “Salvador Dalí Challenge: A Surreal Exhibition,” iconic pieces like “The Persistence of Memory” and “Christ of Saint John of the Cross” are presented on modern digital platforms. The exhibit in São Paulo showcases Dalí’s impact beyond painting, […]
(Analysis) Amid global and local fiscal pressures, Brazil may end its monetary easing, with the Selic rate potentially stabilizing at 10%. These expectations stem from delayed rate cuts by the U.S. Federal Reserve and increased fiscal strain within Brazil due to changes in primary fiscal targets. Key financial players like Citi, XP Investimentos, and JPMorgan […]
In March 2024, Brazil’s central government reported a primary deficit of R$1.527 billion ($299.29 million). Brazil’s primary deficit in March was an improvement from the previous year’s R$7.083 billion ($1.362 billion) deficit. However, it fell short of analysts’ expectations, who had anticipated a R$1.522 billion ($298.42 million) surplus. The accumulated primary deficit for the past […]
Seaweed mining is emerging as an innovative method to extract rare earth elements (REEs) and platinum group metals (PGMs). These are critical for high-tech applications like electric motors and green energy solutions. The U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) is leading the charge. They are investing $5 million in projects that investigate […]
Haiti’s emergence as Latin America’s first free nation in 1804 marked a significant moment in global history, sparked by a slave rebellion that overcame colonial powers. Yet, this victory was quickly overshadowed by economic subjugation through a crippling indemnity imposed by France. The demand compelled Haiti to pay 150 million francs in gold, a staggering […]
In 2023, China Rare Earth Resources and Technology, part of the state-owned China Rare Earth Group, faced a significant financial setback. It reported a 5.4% decline in revenue, summing up to 3.98 billion yuan ($550 million), and a sharp 45.7% drop in net profits to 417.67 million yuan. These losses reflect broader global market shifts, […]
In the remote wilderness of French Guiana, a select group of Spanish Army Special Operations Command (MOE) Green Berets has successfully completed the challenging Jaguar course. Hosted by the French Foreign Legion, this training is a rigorous test of endurance in the dense jungle environment of this French overseas territory. Since its inception in 2004, […]
In the heart of Africa, the Democratic Republic of the Congo (DRC) faces a dire challenge. Conflict embroils its eastern regions, which are rich in minerals essential for modern technology. These minerals, known as 3TG—tin, tungsten, tantalum, and gold—are critical for manufacturing devices like smartphones and laptops. Amidst this, a major controversy unfolds as the […]
This week’s stock market opens with a subdued economic calendar, not expected to significantly sway today’s trading activities. Today features the General Price Index – Market (IGP-M) for April and earnings from Transmissão Paulista (TRPL4). Focus remains on potential U.S. interest rate decisions and updates from Brasília on tax reforms and major corporations like Vale […]
As the Mexican June 2 election nears, Claudia Sheinbaum and Xóchitl Gálvez delivered a riveting debate on television. Gálvez, representing the PAN, PRI, and PRD, aggressively challenged Sheinbaum from Morena, PVEM, and PT, who leads the polls. Sheinbaum responded firmly, referencing Andrés Manuel López Obrador’s policies. Gálvez branded Sheinbaum “the candidate of lies” and “narcocandidate,” […]
In the fast-paced world of global finance, April 29 to May 3 promises to be an eventful week in Brazil and abroad. At its heart lies the Federal Reserve’s monetary policy decision. Market participants are eagerly anticipating the outcome, particularly as it’s poised to keep rates steady between 5.25% and 5.50% for the sixth consecutive […]
Bruno Guimarães, the dynamic Brazilian midfielder, could soon make history with a potential transfer from Newcastle. The club has set his release clause at 100 million pounds (116 million euros), as revealed by coach Eddie Howe in a recent press conference. Premier League giants such as PSG, Arsenal, Manchester United, and Manchester City are all […]
On Sunday afternoon at Maracanã, Botafogo clinched a decisive 2-0 win against Flamengo in the fourth round of the Brazilian Championship. This triumph propelled Botafogo to the top of the standings with 9 points, setting Flamengo back to fifth place with 7 points. The victory’s significance was magnified as Botafogo eyed retention of their league […]
During the weekend, Portugal’s government confirmed it is not pursuing any reparations initiatives for its former colonies. This clarification came after President Marcelo Rebelo de Sousa acknowledged Portugal’s colonial injustices and hinted at possible reparations for countries like Brazil. His remarks recognized historical wrongs and suggested remedies. Two days after admission, the Portuguese Council of […]
In 2024, Mercado Libre will inject R$ 8 billion ($1.57 billion) into São Paulo, representing 35% of its R$23 billion ($4.51 billion) Brazil-wide investment. This funding targets capital goods and strategic operational expenses, accelerating growth in financial services, technology, and logistics. Mercado Libre is a top e-commerce platform in Latin America, providing online marketplaces, payment […]
Casas Bahia, a major Brazilian retailer, has faced economic downturns and tough market competition, prompting significant financial restructuring. The company secured a vital agreement extending its debt terms, thereby stabilizing cash flow and ensuring financial stability. This deal with primary creditors Bradesco and Banco do Brasil preserves R$4.3 billion ($842.16 million) in liquidity until 2027, […]