This Friday morning, New York’s future indices are declining after the ADP report revealed an unexpected rise in private-sector jobs. The market is now focused on the upcoming U.S. payroll data. These figures will shed more light on the labor market’s condition and, by extension, the U.S. economy. In Brazil, the IGP-DI index, expected to […]
Related Posts
Ghost of Silicon Valley Bank turns up in Italy
A crisis at a small Italian insurer has rekindled concerns about the effect of rising rates. The rapid collapse of Silicon Valley Bank earlier this year was largely down to an ill-advised bond portfolio and liabilities that were less sticky than assumed. While Italy’s Eurovita isn’t a bank, its demise has some similarities with events […]
Latin America’s Unprecedented Remittance Growth in 2023
Local media report a record $155.908 billion in remittances to Latin America and the Caribbean in 2023, marking a 9.5% increase from 2022. As per the Inter-American Development Bank (IDB), this rise continues a 15-year growth trend, reflecting new migration patterns and contributions from migrants to their home countries. Amid Covid-19, 2021 saw a 26.7% […]
Bolivia is nearing full membership in the South American trade bloc, Mercosur
Bolivia is nearing full membership in the South American trade bloc, Mercosur, following a recent summit in Argentina. Bolivian President Luis Arce believes this inclusion will benefit his nation and existing Mercosur members – Argentina, Brazil, Paraguay, and Uruguay. The proposal includes collaborative industrialization, capitalizing on the substantial lithium reserves in Bolivia, Argentina, and Chile. […]