The Ibovespa index took a hit, dropping 1.41% to 128,053 points. This decline came after the US reported unexpectedly high inflation, causing global market ripples. Wall Street also felt the impact, highlighting a broader market downturn. Market watchers now eye the Federal Reserve, speculating on interest rate cut timelines. Post-inflation data, the probability of a […]
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Brazil advocates BRICS expansion criteria; Saudi Arabia and Argentina in the lead
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Brazil strengthens its trade relations with Asian countries outside China
Brazil is increasingly engaging with Asian markets outside China, with trade growth notably seen in the ASEAN countries. In the first half of 2023, Brazil’s exports to the region reached US$12.1 billion, a significant increase from US$4.5 billion in 2018. Singapore, a central player in the ASEAN, contributed substantially to this rise, with purchases from […]