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Brent Crude Oil Sees Modest Increase Amid Red Sea Tensions
On Monday, February 19, Brent crude oil futures experienced a modest uptick as investors displayed relative composure in response to tensions in the Red Sea. Over the weekend, an attack by Houthi rebels on a cargo ship prompted the crew to evacuate the vessel in the Red Sea. The trading session was notable for the […]
Today’s Morning Call: An Eventful Economic Day
Today’s financial briefing sets the stage for a bustling Wednesday filled with significant economic announcements. Domestically, the focus sharpens on the release of February’s IVAR, the residential rental price index, and January’s external sector stats from the Central Bank, though potential delays may arise. Adding to the significance, IBGE will unveil January’s industrial production data, […]
Brazilian president says rich countries owe humanity ‘debt’ for past pollution
Brazil’s President, Luiz Inácio Lula da Silva, commented today that developed nations have a “debt to humanity” due to the environmental pollution they have caused over centuries of industrial activities. He emphasized that any financial support to developing countries like Brazil for conservation efforts should not be viewed as a “favor” but as settling this […]