The Brazilian stock market, Ibovespa, fell 0.87% today, closing at 122,707 points. This drop marked the lowest level for Ibovespa in 2024. The US dollar rose 1.07% to R$ 5.20. Futures interest rates climbed consistently. Wall Street’s declines, especially in the tech sector, impacted São Paulo. The Federal Reserve’s Beige Book reported steady economic expansion […]
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Missing people count up from 25 to 46 in Brazil Cyclone disaster
Brazilian officials have raised the count of missing people from 25 to 46 after a destructive cyclone in the south. This event also resulted in 41 deaths. Civil defense teams in Rio Grande do Sul state confirm that search efforts are ongoing five days later. The severe weather hit 85 towns. Over 10,000 people had […]
Cemig Achieves Top-Tier Credit Rating: A Milestone in Brazil’s Energy Sector
Fitch Ratings has reaffirmed Companhia Energética de Minas Gerais (Cemig) and its subsidiaries’ global rating at BB. This rating places Cemig just two steps away from investment grade status. Simultaneously, Fitch upgraded Cemig’s long-term national rating to AAA, the highest possible score on their scale. The outlook for these long-term ratings remains stable. Cemig’s solid […]