A contingent of 30 Brazilian business leaders is about to set foot in South Africa, engaging with their counterparts across the BRICS spectrum: Brazil, Russia, India, China, and South Africa. Hosted in the bustling metropolis of Johannesburg, the sessions are spearheaded by the BRICS Business Council. Although China stands as Brazil’s formidable trade ally, there’s […]
Related Posts
The Strength of Mexico’s Peso in the Carry Trade Market
Recently, the Mexican peso soared to new heights, driven by hedge funds’ aggressive trades. These funds boosted their net long positions, pushing the peso to a yearly peak of 16.2616 MXN per USD. Between May 7 and May 14, hedge funds added an impressive 3,780 contracts, marking their first bullish week in over a month. […]
Chile Maintains Top Latin American Credit Rating Due to Fiscal Discipline
Chile has retained its position as the highest-rated country in Latin America by S&P Global Ratings. The agency upgraded Chile’s outlook to stable and maintained its A rating. This rating places Chile six levels above Brazil and on par with Israel, Latvia, and Lithuania. S&P’s decision reflects Chile’s commitment to halting the multi-year increase in […]
Brazil’s Economy Grows Beyond Expectations in Second Quarter of 2024
In the second quarter of 2024, Brazil’s economy showed significant growth, expanding by 1.4% from the previous quarter. This increase brought the total GDP to R$ 2.9 trillion, or approximately $517.9 billion. The services sector improved by 1.0%, while industrial activities grew by 1.8%. However, agriculture saw a decline of 2.3%. Household consumption, government spending, […]