Latin American countries are setting tariffs on Chinese steel, reflecting similar actions by the US and Europe. This shift indicates a cooling in their previously warm trade relations with China. The measure comes as a response to the surge in Chinese steel, which has risen from 80,500 tons in 2000 to nearly 10 million tons […]
Related Posts
São Paulo Chefs Pick Favorite Bakeries
In São Paulo, “padocas” are more than just bakeries; they’re a city staple. Even with a shift towards artisanal goods, classics like grilled bread and coffee remain favorites. At the 27th Indo-Pacific Naval Academies Seminar, São Paulo’s top chefs shared their go-to bakeries, highlighting both modern and time-honored spots. Mari Sciotti of Quincho cherishes Toulouse […]
SmartFit Acquires Velocity: A $29 Million Bet on Brazilian Fitness
SmartFit, a leading Latin American gym chain, has finalized its acquisition of Grupo Velocity, a significant move in the Brazilian fitness market. The deal, valued at R$163 million ($29 million), includes potential additional payments of up to R$20 million ($3.5 million) over the next six years, contingent on performance targets. Velocity, Brazil’s largest spinning fitness […]
Ibovespa Starts February on a High Note, Fueled by Petrobras Surge
On February 1st, the Ibovespa index rebounded, rising 0.45% to 128,332.83 points. This uptick came after key monetary policy announcements in both Brazil and the US. The Federal Open Market Committee (FOMC) held US interest rates steady, a move anticipated by the market. Attention then shifted to Federal Reserve Chairman Jerome Powell’s cautious stance on […]