The Ibovespa closed marginally higher at 131,043 points on Tuesday. Gains from major constituents balanced losses from commodity producers. Investors reacted to ongoing capital outflows from Brazil’s stock market. WEG, JBS, Companhia Sanea, and BRF saw gains between 1.3% and 2.3%, offsetting losses by megacaps. Petrobras fell 1.4% due to plunging oil prices, while Vale […]
Related Posts
Eneva Seals the Deal: Linhares Energia Acquisition Complete
Eneva, a leading Brazilian energy company, has made significant strides in expanding its power generation capabilities. The company recently finalized the purchase of Linhares Energia, strengthening its position in the thermal power sector. The deal involved buying all shares of Linhares Brasil Energia Participações from BTG Pactual Infrastructure Dividends Fund for R$ 640.27 million ($114.33 […]
Steady As She Goes: Paraguay’s Central Bank Keeps Interest Rates Fixed
In a world full of economic uncertainties, Paraguay stands out as a pillar of stability, maintaining its key interest rate at 6% for another month. This decision reflects confidence amid global and regional challenges. Marking the second consecutive month at this rate, it aims to balance growth with inflation control. Why does this matter? Interest […]