In the first two months of 2024, Brazil’s exports to China surged by 49.1%. This growth, fueled by iron ore, oil, and soybean exports, contributed significantly to Brazil’s trade surplus. The Trade Indicator (Icomex) report from the Getúlio Vargas Foundation underscores the impact of these exports, attributing 43% of Brazil’s $11.9 billion surplus to trade […]
Related Posts
Brazil’s president conducts second cabinet reshuffle and announces new tourism minister
Brazilian President Luiz Inácio Lula da Silva has appointed federal deputy Celso Sabino of the Union Brazil party as the new Minister of Tourism, as announced in the Official Gazette of the Union. Sabino is replacing Deputy Daniela Carneiro, who has stepped down from the role. Expressing readiness to contribute to the Government, Sabino has […]
Chinese Firms Gain Ground on Global Giants
In late 2023, global giants Apple and Tesla faced a market shift due to growing competition from Chinese companies. Apple’s iPhone saw a global market share drop to 20.8%, with a more pronounced decrease in China to 21.3%. This decline was driven by strong Chinese competition, as reported by Counterpoint. Despite delivering a record fourth […]
U.S. Employment Data Impact on Oil Prices
This past week, oil prices witnessed their largest drop in three months. US employment data weaker than expected, sparking speculation of a Federal Reserve interest rate cut. By the week’s close, Brent crude had fallen over 7%, settling at $82.96 per barrel, while U.S. West Texas Intermediate (WTI) dropped by 1.06% to $78.11 per barrel. […]