Capital International Investors (CII) recently reduced its stake in Gerdau (GGBR4) to 68,851,521 shares, representing 4.96% ownership. This adjustment reflects broader changes in the steel manufacturer’s market dynamics and investor sentiment. Gerdau demonstrated strong financial results with net revenue reaching R$68.91 billion ($12.3 billion) and net profit of R$7.53 billion ($1.34 billion). The company’s EBITDA […]
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Argentina’s President Javier Milei has launched a 366-article decree to deregulate the nation’s crippled economy. Announced through national broadcasts, the decree targets oppressive legal and institutional structures, aiming for national rejuvenation. It declares a public emergency across various sectors until the end of 2025. The decree mandates nationwide deregulation of trade, services, and industry. Milei […]