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Gol Surges Nearly 12% and Azul Jumps 5% After Partnership Reignites Merger Speculation
On Friday, the Brazilian stock market witnessed a significant surge in the shares of two major airlines, Azul and Gol. This spike was triggered by the announcement of a new commercial cooperation between the two. They utilized a codeshare strategy to integrate their flight networks across Brazil, covering over 150 destinations. Azul’s stocks surged by […]
Brazil’s Financial Morning Call for September 4, 2024
Today’s economic agenda unfolds amidst significant global financial dynamics, impacting market participants both in Brazil and worldwide. Recent changes, like the U.S. dollar’s surge and renewed foreign interest in Brazil’s stock market, shape the landscape. Investors drive the U.S. dollar’s rise by seeking stability amid global uncertainties. This trend increases import costs and debt burdens […]