The Brazilian stock market demonstrated resilience on Monday, October 7, 2024, as the Ibovespa index climbed 0.17% to close at 132,017.84 points. This slight increase of 226.29 points marked the second consecutive day of marginal growth for the benchmark index. Trading activity was characterized by initial broad gains followed by constant fluctuations throughout the afternoon. […]
Related Posts
China Overtakes Brazil’s Export Dominance in South America
Brazil’s traditional stronghold in South American trade has weakened significantly as China strengthens its position across the region. Brazilian exports to eight key South American markets dropped from 13.2% to 11% market share, while China’s presence grew from 22.1% to 23.4%. The Brazilian export decline affected most regional partners except Uruguay. China‘s strategic expansion succeeded […]
Latin American Currencies Stand Firm in Volatile October
In October, Latin American currencies withstood a volatile dollar and outperformed other emerging markets in 2023. Excluding the unique situation of the Argentine peso, these currencies showed remarkable stability. For instance, the Chilean peso encountered challenges. The Central Bank of Chile responded by pausing rate cuts and stopping reserve purchases to avoid inflation risks. Balanz […]
Venezuela Rejects 1899 Paris Verdict on Guyana Dispute
Yesterday, Venezuela’s government rejected the 1899 Paris Arbitral Award. It resolved a border dispute between Venezuela and British Guiana, granting most of the contested territory to British Guiana. Foreign Minister Yván Gil announced, “Our commitment to defend our land remains strong on this flawed verdict’s 124th anniversary.” The official statement came from Caracas today. It […]