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Companies in Angola “caught off guard” by kwanza devaluation admit difficulties and review strategies
The devaluation of Angola’s kwanza currency has caused significant challenges for companies operating there. With a 60% devaluation since the start of the year, businesses like Novagrolider, a large agro-industrial project employing 4,000 people, are feeling the negative effects. Novagrolider relies on imported production factors and has many expatriate workers, intensifying the impact. Novagrolider’s financial […]
Brazil Advances into Premier League of Aircraft Producers
On Friday, Brazil officially joined an agreement, becoming a member of a global group of leading aircraft producers. This agreement sets global trade standards for civil aircraft. Brazil’s involvement in the Trade in Civil Aircraft (TCA) is now confirmed. The approval for Brazil’s membership came from a meeting in Geneva, Switzerland. Brazil’s role in the […]
Today’s Morning Call: Navigating Past Influences and Upcoming Data
This week opens with the stock market poised for future developments and reflecting on previous outcomes, notably Petrobras’ (PETR4) actions. Monday launches quietly, lacking major economic indicators, except for the stock market’s early close at 5 pm. Attention shifts to Tuesday for the release of February’s IPCA, Brazil’s critical inflation figure by IBGE. Petrobras’ decision […]