After two sessions of decline, the spot dollar closed on Wednesday with a firm rise against the real, following the nearly generalized advance of the US currency abroad. Investors shifted from higher-risk assets amid anticipation of new US inflation data to be released on Thursday. The spot dollar ended the day at R$4.9712 for sale, […]
Related Posts
Vale’s Nickel Plant Halts Operations After Windstorm Damages Power Lines
Vale, the Brazilian mining giant, has temporarily stopped production at its Onça Puma nickel plant in Pará state. The shutdown came after a fierce windstorm on October 5, 2024, damaged the local power transmission network. Vale expects the plant to resume operations by October 15, 2024, once power is restored. The company reassured stakeholders that […]
Fans Hide Sponsor Logo in Palmeiras Game to Protest President
At Allianz Parque, fans of the Palmeiras soccer team took a unique approach to protest against the club’s President, Leila Pereira. Before a match with Atlético-MG, these fans unveiled a large team jersey. On it, they had hidden the logos of Crefisa and FAM, two companies owned by Pereira. The fans made their feelings known […]
Mexico Secures $35 Billion IMF Credit Line: Economic Safeguard Renewed
Mexico has once again secured its financial safety net. The country still qualifies for a $35 billion credit line from the International Monetary Fund (IMF). This news, announced by Mexican authorities, carries significant weight for the nation’s economic stability. Think of this credit line as a giant umbrella. Mexico doesn’t need to use it right […]