The Brazilian stock market closed with a modest increase on Friday, influenced by positive movements in New York following the release of U.S. employment data. The main index finished at 131,791.55 points, up 0.09% or 120.04 points. Despite this small gain, the week ended with a loss for the index. The Brazilian currency strengthened against […]
Related Posts
Venezuela’s Economic Resurgence in 2024
In a remarkable turnaround, Venezuela’s economy is poised to outshine its neighbors, Colombia and Ecuador, with an expected 4% growth in 2024. This growth exceeds the 2% average for Latin America, a feat all the more striking given the nation’s recent economic hardships. The International Monetary Fund (IMF) attributes this revival to stable oil production […]
Argentina Slashes Interest Rate to 80% Amid Inflation Drop
On Monday, the Central Bank of Argentina (BCRA) lowered its benchmark interest rate from 100% to 80%. This move reflects the country’s declining inflation rates. The BCRA also deregulated the minimum interest rates for fixed-term deposits in response to the economic climate and liquidity conditions. After a significant price adjustment in December 2023, inflation began […]
Chinese industrial activity shrinks for the fourth month in a row
Industrial activity in China has suffered a decline for the fourth month running in July, as per the official data released on Monday, while the authorities put forth additional measures to boost the world’s second-largest economy. The manufacturing Purchasing Managers Index (PMI) – a pivotal indicator of factory output – was reported to be 49.3 […]