Gold futures reached unprecedented heights last Monday, driven by speculation that the Federal Reserve may reduce interest rates later this year. On this surge, the April gold contract increased by $30.60, or 1.46%, to $2,126.30 per ounce, setting a record since 1974. For the second day in a row, gold prices broke records, with the […]
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LatAm’s Weekly Business Highlights: March 18-22
This week, Brazil and Colombia’s central banks and Mexico’s are meeting to discuss rates, with experts suggesting possible rate cuts in Brazil and Colombia based on economic signals. Brazil’s cenral bank might reduce rates by 50 basis points, citing a need for caution. Colombia could follow with a similar cut to 12.25%, keeping options open […]
Mexico Records Remarkable Trade Surplus in March
In March, Mexico showcased a notable turnaround in its economic performance, registering a significant trade surplus of $2.098 billion. This marked a dramatic shift from the $585 million deficit seen in February, highlighting the resilience of the Mexican economy. The increase was largely fueled by a robust $3.248 billion surplus in non-oil products, despite a […]
Brazil Emerges as Uruguay’s Top Trade Partner
In a tough trade year, Brazil claims the top spot as Uruguay’s main partner. The University of Montevideo (UM) confirms this. Brazil is 25% of Uruguay’s exports in August. For the year, it’s 22.2% of total trade. Brazil recently passed China in global trade deals. Trade balance worsens this year, showing a $1.88 billion deficit. […]