Brazilian households saw a 2.89% increase in consumption in October compared to the previous month, as reported by the Brazilian Association of Supermarkets (Abras). This growth also shows a 0.61% rise from October of the previous year, accumulating a 2.64% increase for the year. The data encompasses various retail formats, including cash and carry, conventional […]
Related Posts
China Eases Foreign Investment Rules for A-Shares
China has taken a significant step to attract foreign capital into its stock market. Regulators have lowered entry barriers for overseas investors to buy into Chinese listed companies. This move aims to boost the yuan-denominated A-share market and increase its global appeal. The new rules, effective December 2, 2024, reduce capital requirements for foreign investors. […]
U.S. Economic Data Triggers Dollar Slide, Fed Rate Cut Speculation Grows
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 […]
Major Earthquake and Tsunami Alert in Japan
On Monday, a powerful 7.6 magnitude earthquake struck Japan’s Sea coast, disrupting festivities and setting off tsunami warnings in Ishikawa Prefecture. This ‘Reiwa 6 Noto Peninsula Earthquake’ brought considerable chaos and destruction. Tsunamis followed, impacting several shores, notably at Wajima Port, with waves surpassing 1.2 meters. A significant blaze also broke out in Wajima city. […]