The coalition formed by Brazil, India, China, Russia, and South Africa, established in 2009, promotes mutual assistance and economic collaboration. In 2022, other BRICS nations purchased Brazilian agribusiness goods worth US$56 billion. This amount equates to 35% of the sector’s total export revenue for that year. Of this, China alone accounted for US$50 billion, marking […]
Related Posts
Chilean and Australian navies forge ties at historic first bilateral meeting
The Chilean Navy and the Royal Australian Navy (RAN) held their first bilateral meeting in Valparaíso from August 3 to 4. The event saw representatives from both navies discussing their key projects and common challenges. Rear Admiral Jonathan Earley of the RAN led the foreign delegation, meeting with Chilean Navy Commander-in-Chief, Admiral Juan Andrés De […]
The New Cold War: China and Russia Against the West
(Analysis) The relationship between China and Russia has evolved, highlighting the complexities of global power dynamics. This shift has heightened tensions with the U.S.-led Western alliance, marking a significant change that influences international policies and stability. During an important state visit to China, Russian President Vladimir Putin held in-depth talks with Chinese President Xi Jinping. […]
Moody’s Mixed Views on Latin American Bonds
Moody’s recent reports show mixed fortunes for corporate bonds in Latin America. Brazil faces challenging times for the rest of 2023. In contrast, Mexico shows promise. Moody’s also points to weak loans in Argentina and the El Niño impact in Colombia. In Brazil, Moody’s predicts low commodity prices until 2024. This affects many companies. Consumer […]