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Chile Lowers Interest Rate to 5.25%
The Central Bank of Chile has reduced its benchmark interest rate to 5.25%. This decision, made unanimously by the Bank’s Council, marks a 0.25 percentage point decrease from the previous month’s rate of 5.5%. The Council, led by President Rossana Costa, expects the interest rate to continue declining towards a neutral level. This projection assumes […]
Brazil Shares Vaccine Tech with Argentina
Brazil will share its yellow fever vaccine production technology with Argentina for the first time. This unprecedented decision follows an agreement between Brazil’s Bio-Manguinhos/Fiocruz and Argentina’s ANLIS. Both institutions are highly respected in their countries. Bio-Manguinhos is known globally. It is one of four facilities worldwide that produce the WHO-approved yellow fever vaccine. This vaccine […]
Usiminas Faces Economic Challenges in Steel Market
Usiminas, a major player on Brazil’s Ibovespa stock index, saw a sharp 10% drop in its shares after releasing first-quarter results for 2024. Located in Belo Horizonte, Brazil, the group is a pivotal steel producer in Latin America, significantly influencing the region’s economic landscape. Despite showing strengths in its steel division due to cost efficiencies, […]