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Brazilian Economic Activity Index down 2% in May

The Economic Activity Index (IBC-Br), an indicator from the Central Bank used to anticipate Gross Domestic Product (GDP) performance, noted a 2% decrease in May compared to the previous month. The Central Bank published the data on July 17. The reported decline was more significant than market expectations. Analyst consensus had predicted a stable index […]

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BYD Nears Tesla in Global Electric Car Sales

BYD is nearing Tesla in the global electric car market, nearly outpacing them last quarter. During that period, Tesla experienced its first drop in sales in a year. BYD sold 431,603 electric cars in the quarter ending September 30. This was a 23% rise from the previous quarter. In contrast, Tesla sold 435,059 cars. Taylor […]

Vietnam is catching U.S. attention as an alternative to China

Vietnam is catching U.S. attention as an alternative to China. Yet, its lack of skilled workers and poor roads limit its appeal. President Joe Biden will visit Hanoi soon. This shows growing economic ties between the once-enemy nations. Global brands like Samsung have set up in Vietnam. They aim to lessen reliance on Chinese manufacturing. […]

Brazil Sets January Trade Surplus Record

In January, Brazil’s trade surplus soared to $6.527 billion, the highest for the month since record-keeping started in 1989. This achievement was announced by MDIC, the Ministry of Development, Industry, Commerce, and Services’ Secretariat of Foreign Trade. It resulted from $27.016 billion in exports against $20.49 billion in imports. January 2024 marked a historic performance […]

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