In 2023, Chile’s economy experienced an unexpected surge, successfully overcoming the anticipated sluggish growth that characterized the final quarter of the year. During this period, the ciountry experienced a decline in the mining sector, magnifying the impact of steep interest rates and fluctuating demand. The GDP edged up by 0.1% in the last quarter of […]
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The National Association of Cereal Exporters (Anec) reports a considerable increase in Brazilian soybean and corn exports in July. Soybean exports are expected to reach 8.8 million tons, a 25.5% rise from the 7.009 million tons exported in July last year. This comes after June’s shipments tallying at 13.834 million tons. In addition, the week […]
Brazil’s Fiscal Challenges Hinder Investment Grade Rating
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Ecuador’s President Cuts Electricity Subsidies for Mining Companies Amid Energy Crisis
President Daniel Noboa of Ecuador announced on Tuesday the removal of state electricity subsidies for mining companies. This decision comes as the South American nation grapples with an energy crisis causing daily blackouts of up to 10 hours due to severe drought conditions. Noboa shared the news on his X (formerly Twitter) account, stating that […]