The Ibovespa, Brazil’s main stock index, fell by 0.88% to 127,027 points, losing 1,131 points as a cold wave swept through São Paulo. This decline didn’t prevent a modest weekly increase of 0.23%, halting a three-week downturn. The dollar rose by 0.39% to R$4.99, even touching R$5 during the day. Interest rates showed mixed outcomes, […]
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El Salvador’s president announces changes in key government positions
El Salvador’s President, Nayib Bukele, has assigned Jerson Rogelio Molina, formerly Vice Minister, as the interim Finance Minister, according to the official government announcement on social media. No further information regarding the cabinet reshuffling was provided. Molina served in the Finance Ministry since 2001 in various roles and was appointed Vice Minister of Finance in […]
Even Reports 47% YTD Growth Despite Slowing Q3 Launches
Even, a prominent Brazilian real estate developer, has released its operational preview for the third quarter of 2024. The company reported net sales of R$248 million ($49 million) with a sales speed of 12%. This performance reflects the ongoing challenges in Brazil’s property market. Even’s focus on high-end residential projects in São Paulo has helped […]
Copa Airlines Matches Pre-COVID Performance
Copa Airlines, Panama’s leading airline, has reached its operational levels from before the pandemic, announced CEO Pedro Heilbron. In 2023, the airline flew more passengers than before COVID-19. This year, it has more daily flights than before the pandemic. The company also plans to grow its team to nearly 8,000 this year, with more expected […]