In the closing months of 2023, Mexico experienced an unexpected rise in inflation, surpassing predictions by market experts and the Bank of Mexico (Banxico). The National Consumer Price Index (INPC) increased by 0.71% in December, resulting in a 4.66% annual inflation rate, as reported by the stats agency Inegi. Although this rate marked a deceleration […]
Related Posts
Oil Prices Surge Over 1% Following Statements from Saudi Minister
This Thursday saw a nearly 2% spike in oil prices, energized by a weakened U.S. dollar—a boon for commodities. On the very same day, the eyes of investors were locked on OPEC+ as the organization hinted at voluntary production cuts. Such moves can dramatically sway global markets, underscoring the influence of oil on economic currents […]
Replenishing Oil Reserves to Propel Global Demand
A concerted effort to refill oil reserves, particularly in China, the US, and Europe, may elevate demand and prices soon, amid Middle East conflicts affecting key shipping paths. Supply disruptions from 2022’s sanctions on Russia and OPEC+ cuts have left stocks low, making storage costly for traders. Red Sea shipping disruptions, due to increased Houthi […]
Brazil Returns 32 Citizens from West Bank
On Wednesday, Brazil’s government announced they successfully repatriated 32 citizens from the West Bank in the Middle East. These Brazilians, from 12 families, wanted to return home. The Brazilian foreign ministry released a statement about the operation. They coordinated with their team in Ramallah for this. The group consisted of 12 men, nine women, and […]