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Dollar Drops Amid Treasury Yield Declines and US Labor Market Data
The US dollar dropped for the third day against the Brazilian real, influenced by falling Treasury yields and fresh US job market data. This decline came amidst negotiations for a ceasefire in Gaza and concerns over US regional banks. The spot dollar ended at 4.9150 reais, showing a 0.47% decrease, cumulating a 0.74% drop over […]
Venezuela Blocks EU Election Observers Over Sanctions
Jorge Rodríguez, Venezuela’s Congress leader, announced on Tuesday that the European Union (EU) is barred from participating in any electoral observation in Venezuela. This rule applies as long as the EU’s sanctions on Venezuela are active. Recently, the EU chose to extend these sanctions against Venezuela. Following this, Venezuela’s Congress unanimously agreed to denounce the […]
EDGE Buys 50% of Brazilian Missile Manufacturer Siatt
Based in the UAE, EDGE Group recently bought a 50% share in Brazil’s Siatt. The deal includes a technical partnership with Brazil’s Navy. EDGE’s CEO, Mansour Al Mulla, visited Brazil to sign several contracts. Top executives from the company joined him. Founded in 2019, EDGE is a conglomerate that mainly focuses on defense. Faisal Al […]