Brazil’s foreign reserves have hit a five-year peak, reaching $372 billion by the end of September 2024. This marks a significant increase from $355 billion in December 2023. The growth stems from various factors, including asset appreciation and interest income. The Central Bank of Brazil reports three main drivers behind this surge. First, asset price […]
Related Posts
Oil Prices Down as US Crude Inventories Surge Beyond Expectations
The oil market experienced a downturn on Wednesday, October 9, as crude prices fell for the second consecutive day. Concerns about demand for the commodity remained at the forefront of traders’ minds. The unexpected surge in US oil inventories added further pressure to prices. WTI crude futures for November delivery closed at $73.24 per barrel, […]
Spain’s People’s Party could win absolute majority with Vox
Two weeks ahead of Spain’s election, the conservative People’s Party (PP) opened up its lead over the ruling Socialist Workers’ Party (PSOE) but would still need the help of the far-right Vox party to govern, according to an opinion poll published by a newspaper on Sunday. [#translated_full_content] [#item_full_content]
World’s largest copper producer Codelco plans recovery in 2024 after production decline
Codelco, the world’s largest producer of copper, anticipates a rebound in copper production starting from 2024 after an unexpected significant drop this year, according to its president, Máximo Pacheco. Pacheco stated in an interview that he believes production will begin to rise from this point onward. This comes after the state-owned giant reduced its annual […]