This Tuesday marked a significant surge in the parallel dollar’s value in Argentina, continuing its upward trajectory for the third straight day. The rate hit 1,035 pesos per unit at major exchange houses, a peak not seen since March. Locally termed the “blue dollar,” this unofficial rate ascended by 20 pesos, a 2 percent increase […]
Related Posts
Chile Lowers Interest Rate to 5.25%
The Central Bank of Chile has reduced its benchmark interest rate to 5.25%. This decision, made unanimously by the Bank’s Council, marks a 0.25 percentage point decrease from the previous month’s rate of 5.5%. The Council, led by President Rossana Costa, expects the interest rate to continue declining towards a neutral level. This projection assumes […]
Norway and Brazil seek expanded partnership on hunger and climate efforts
Norway’s Prime Minister, Jonas Gahr Store, expressed the country’s desire to strengthen its collaboration with Brazil in addressing issues related to hunger and the climate agenda. During a phone call with Brazilian President Luiz Inácio Lula da Silva, Store discussed areas of potential cooperation, including food security, hunger eradication, sustainable ocean use, and climate initiatives. […]
The Rise of Brazil’s Informal Labor Market
A stats agency report released on September 15 reveals that nearly 66% of Brazil’s 30.2 million self-employed individuals work informally. The North and Northeast regions lead in informal work. In the North, 84.9% work without a business ID, says IBGE. In the Northeast, the rate is 80%. Next is the Central-West with 61.4%. The Southeast […]