El Salvador is rolling out an innovative plan to issue 5,000 “complimentary passports” to skilled professionals worldwide. President Nayib Bukele’s announcement signals a strategic effort to enrich the nation’s economy by drawing in foreign talent and investment. This ambitious initiative targets a diverse group of experts, including scientists, engineers, doctors, artists, and philosophers, granting them […]
Related Posts
Brazil’s Financial Morning Call for October 14, 2024
Today’s economic agenda features two key events that could significantly impact Brazil’s financial markets and economic outlook. The Central Bank of Brazil will release the Focus Report at 8:30 AM, providing insights into market expectations for various economic indicators, which is crucial for understanding the country’s economic trajectory. At 3:00 PM, the Weekly Trade Balance […]
Why the Dollar is Rising: Key Drivers
The U.S. dollar reached R$ 5.0478, its peak since last May, and currently remains nearly stable at R$ 5.0475. Experts point to two main causes: fears of inflation in the U.S. and rising oil prices. Brent oil now costs $96.55 per barrel, pushing costs upward globally. Russia and Saudi Arabia have cut oil production to […]
Petrobras’ Credit Outlook: Stability Amidst Industry Challenges
Fitch Ratings recently reaffirmed Petrobras’ ‘BB’ global and ‘AAA’ national credit ratings with a stable outlook. This mirrors a similar action by S&P, who also rated Petrobras ‘BB’ globally and ‘AAA’ nationally. These consistent ratings reflect Petrobras’ solid financial health. Despite these high ratings, Petrobras’ shares experienced a minor decline of 0.53%, closing at R$ […]