Asian currencies such as the yen, won, and baht have reached yearly lows amid rising local and global interest rates. On Wednesday, these currencies plummeted against the U.S. dollar. This decline happens as the U.S. Federal Reserve FED hints at more rate hikes. Specifically, the yen hovers at about 149 to a dollar. This rate […]
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Brazilian industry confidence increases due to Selic interest rate cuts
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 […]
Chilean winemakers revive ancient techniques to combat weather insecurities
Reviving ancient techniques, Chilean winemakers in central valleys combat weather insecurities such as water scarcity and climate change. They manage the decade-long drought in Colchagua and Cachapoal by harvesting at night, using horse manure, and reviving old methods. A communications chief at Conosur says they are returning to previous practices but on a larger, systematic […]
