On Thursday, November 16, 2023, the Israel Defense Forces (IDF) announced their operation to take control of the Gaza port. The IDF’s statement, released on Telegram, detailed the operation. They destroyed 10 tunnels and 4 Hamas-used structures. The operation also resulted in the death of 10 individuals labeled as terrorists by the IDF. The IDF […]
Related Posts
São Paulo’s Big Move: Sabesp Privatization Amid Controversy
(In-depth) On May 20, São Paulo’s 305 mayors approved a unified contract for basic sanitation services post-Sabesp privatization. This step advances towards the planned auction, which Governor Tarcisio de Freitas aims to conduct by early August. The meeting at Palácio dos Bandeirantes highlighted the unified effort between state and municipal leaders. Sabesp, Brazil’s largest water […]
Eletrobras and Petrobras Drive Major Corporate Developments in Brazil Today
This Thursday, Brazilian firms Eletrobras and Petrobras advanced their sustainable energy initiatives and international partnerships. Eletrobras (ELET3) plans to secure up to R$10.9 billion (about $2 billion) through various funding strategies. Eletrobras is securing R$4 billion from Citibank N.A. and launching R$2 billion in commercial promissory notes. Additionally, they’re planning a third non-convertible debenture issue […]
Dollar Soars: What’s Behind the Recent Surge to R$ 5.25?
Today, the U.S. dollar surged to R$ 5.2564, its highest level in six weeks. By 3:50 PM, it had settled above R$5.2540, up over 0.90%. So, what’s driving this sudden spike? Several factors contributed to this increase. First, falling commodity prices played a significant role. Prices for raw materials like steel and oil have dropped […]