As the weekend nears, the focus shifts to the critical OPEC+ meeting slated for Sunday, where pivotal decisions on oil production cuts are expected. Last Friday, the oil market responded with a drop in prices, signaling investor anxiety. Brent crude saw a modest decline of 0.3% to $81.62 per barrel, while West Texas Intermediate (WTI) […]
Related Posts
Shifting Sands: The Future of Brazil’s Coastal Lands
Brazil’s vast 8,500-kilometer coastline isn’t just a stunning tourist draw—it’s at the center of intense legislative debates. A proposed law, the Constitutional Amendment (PEC) 3/2022, could dramatically change the management of coastal lands known as “terrenos de marinha.” These areas extend 33 meters inland from the high tide mark and are traditionally under federal control. […]
Opinion: Is Brazil considering launching a new BRICS currency at the summit, called R5?
(Opinion) As Brazil gets ready to lead BRICS in 2025, it’s nearing the end of a significant study on a new currency. Though Brazil refutes that this study aims to challenge the U.S. dollar, the intention is to bolster trade among BRICS nations using their local currencies. This could reduce dependence on the U.S. dollar, […]
Ibovespa Rises with Petrobras Boost; Magazine Luiza Soars
On Thursday, buoyed by Petrobras shares climbing over 3% amid rising oil prices, the Ibovespa index closed with a 0.28% gain, reaching 128,168 points. Vale shares, pressured by the government’s move to appoint former Finance Minister Guido Mantega as president, dragged down the index. The trading session was marked by lower liquidity, coinciding with São […]