Ecuador’s National Assembly resumed the political trial of Interior Minister Mónica Palencia on Monday. The Oversight and Political Control Commission reconvened to examine allegations of dereliction of duty against Palencia. The trial centers on two main issues that have shaken Ecuador’s political landscape. The first issue involves the controversial raid on the Mexican Embassy in […]
Related Posts
A Resilient Week for Ibovespa Amid Economic Fluctuations
As the week wrapped up, the Ibovespa, Brazil’s benchmark stock index, showed resilience, gaining 0.74% to close at 121,341.13 points. This marked its first positive week in June and the first since mid-May, signaling a potential shift in investor sentiment. Over the week, the index rose by 1.40%, completing four consecutive sessions of gains—a sequence […]
Dollar Stability Tests Market Nerves Before Fed Update
On Monday, the U.S. dollar hovered near stability, edging up merely 0.05% to close at 5.105 Brazilian reais. Despite starting strong, peaking at 5.129 reais, the currency wavered under the weight of expectations for the Federal Reserve’s minutes due Wednesday. Amidst these fluctuations, Raphael Bostic, Atlanta’s Fed President, shed light on the ongoing struggle with […]
Ghana’s Path to Economic Recovery Through Debt Restructuring
Ghana reached an agreement with bondholders, marking a significant step toward debt relief and economic recovery. Bondholders agreed to a 37% haircut on the principal amount, translating to approximately $4.7 billion in losses. This agreement addresses Ghana’s $13 billion external debt burden. This deal follows successful negotiations with official creditors, including China and France, to […]