President Luiz Inácio Lula da Silva has officially nominated Magda Chambriard to lead Petrobras, a critical company for Brazil’s economy. Brazil’s state-owned oil company will now have an experienced engineer at its helm. Chambriard brings extensive experience in the oil and gas sector. She previously served as General Director of Brazil’s National Agency of Oil, […]
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Argentine parallel dollar reaches record high
In Argentina, the parallel dollar value has reached a record high of 525 pesos per unit for public sale. It has been steadily climbing, surpassing 500 pesos per unit on July 12, with the trend persisting. This increase occurs in anticipation of the country’s elections on August 13. The parallel “blue dollar” has an 87% […]
Petrobras and Vale Forge Historic Partnership for Sustainable Fuel Solutions
Petrobras and Vale, Brazil’s two largest companies, have signed a groundbreaking agreement. The deal focuses on supplying products that enhance competitiveness and advance decarbonization efforts. This partnership marks Petrobras’s first direct sale to a consumer, signaling a new era in corporate collaboration. The agreement centers on the use of Diesel R in Vale’s vehicles. These […]
Argentina’s Treasury Contributes to Central Bank Balance for First Time in Decades
Santiago Bausili, the head of Argentina’s Central Bank, spoke at the 2024 Monetary and Banking Conference in Buenos Aires. He emphasized the government’s fiscal actions and their positive effect on inflation expectations. Bausili’s speech took place at the Palacio Libertad, the venue for this important financial event. The Central Bank president noted a significant trend […]