The recent uplift in industrial confidence has been linked to the commencement of cuts in the Selic rate, Brazil’s basic interest rate, and anticipations of further reductions, as per the National Confederation of Industry (CNI). The Industrial Entrepreneur Confidence Index (Icei) recorded a growth of 2.1 points, moving from 51.1 to 53.2, indicating a shift […]
Related Posts
Chinese Bitcoin Miners Turn to Ethiopia After Beijing Ban
Following Beijing’s crackdown two years ago, Chinese Bitcoin miners have sought new grounds with affordable energy and favorable regulations. Ethiopia now serves as their chosen spot, Bloomberg reports. Ethiopia welcomed Bitcoin mining in 2022, offering some of the world’s lowest electricity costs. Yet, it bans cryptocurrency trading and has faced recent political instability. The bond […]
Brazil’s Financial Morning Call for October 7, 2024
Today’s economic agenda features several key events that could significantly impact Brazil’s financial markets and economic outlook. The FGV IGP-DI inflation index for September will be released at 8:00 AM, providing insights into Brazil’s inflationary pressures. At 8:25 AM, the Central Bank of Brazil will publish its weekly Focus Report, offering market expectations for various […]
Bukele Favored as El Salvador Elections Start
El Salvador’s President Nayib Bukele is officially seeking a second term and currently leads in the polls. The electoral court chief Dora Martinez announced the campaign’s onset on social media. “The four-month race for president and vice president has begun,” she stated. The ruling party, Nuevas Ideas, also voiced support online. “We’re fully committed to […]