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Brazilian President Luiz Inácio Lula da Silva has voiced disagreement with Chilean President Gabriel Boric’s appeal for increased condemnation of Russia by the European Union and Latin American nations, in relation to Russia’s ongoing military action in Ukraine. Da Silva articulated his stance by commenting on Boric’s view that any country could be a potential […]
Chile’s economy grew by 1.8% in July, ending five months of decline, says the Central Bank. This is the first growth shown by the Monthly Economic Activity Index or Imacec. The index covers 90% of the country’s economy and is a good predictor of GDP. In the past months, the index showed negative growth. It […]
In the closing months of 2023, Mexico experienced an unexpected rise in inflation, surpassing predictions by market experts and the Bank of Mexico (Banxico). The National Consumer Price Index (INPC) increased by 0.71% in December, resulting in a 4.66% annual inflation rate, as reported by the stats agency Inegi. Although this rate marked a deceleration […]
Brazil is increasingly engaging with Asian markets outside China, with trade growth notably seen in the ASEAN countries. In the first half of 2023, Brazil’s exports to the region reached US$12.1 billion, a significant increase from US$4.5 billion in 2018. Singapore, a central player in the ASEAN, contributed substantially to this rise, with purchases from […]