High interest rates dominate global talks, thanks to signs from the U.S. Federal Reserve. These hints push up yields on long-term U.S. Treasury bonds. Precisely, 10-year bonds hit a 16-year high at 4.566%. As yields rise, the dollar becomes attractive. More people want the dollar, lifting its value globally. This morning, the DXY index, a […]
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Panama Canal Needs New Water Source
The Panama Canal faces a water shortage and Ricaurte Vásquez, its head, says an extra freshwater source is essential. The Canal aims to build a dam on the Indio River for this. Reduced rainfall is causing a US$200 million loss in 2024 revenue. Lake Gatun, the main reservoir, now needs help. Vásquez stated a shift […]
Q1 2024 Corporate Earnings in Brazil: Highlights and Challenges
In the first quarter of 2024, Brazil’s corporate sector demonstrated diverse financial performances across many industries, underscoring the economy’s complexity and vitality. Riachuelo Guararapes, which owns the fashion retailer Riachuelo, reported a net loss of R$ 116.9 million ($22.9 million). This represented a 33.4% improvement from the same period last year. The company still increased […]