Brazil’s GOL Airlines intends to resume flights to Venezuela after withdrawing from the market in 2016 due to revenue concerns. Since then, direct flights between Brazil and Venezuela have been nonexistent. Travelers have had to rely on layovers, mostly in Panama. Venezuela seeks economic integration with Brazil and Colombia amid crisis. President, Nicolás Maduro, directed […]
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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 […]
Argentina says IMF asked for 100% devaluation after primary elections
After the primary elections on August 13, the International Monetary Fund (IMF) proposed a 100% and, subsequently, a 60% devaluation of Argentina’s currency, as communicated by the spokesperson for President Alberto Fernández. The final adjustment settled was 20%, in line with the actual 22% devaluation executed by Argentina’s government following the primary elections. In these […]
