The US dollar weakened against the Brazilian real on Monday, November 4, 2024. This shift came after Finance Minister Fernando Haddad suggested an imminent release of the fiscal pact. The currency closed at R$ 5.7831, marking a 1.47% decrease. Haddad’s statements sparked market optimism. He announced that the public spending cut package would likely be […]
Related Posts
Angola’s Ambitious Offshore Oil Plans Set for 2028
Angola plans to launch its first offshore oil production in the Kwanza Basin by 2028. The Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, announced this milestone. The project boasts estimated reserves of 400 million barrels. At the investment decision ceremony for the Kaminho Block 20 project, Azevedo shared details. The development of the […]
Bangladesh Banks Navigate Uncertain Waters Amid Merger Plans
State-owned BASIC Bank and Rajshahi Krishi Unnayan Bank (Rakub) have sought clarity from the finance ministry on their proposed mergers. This request follows substantial deposit withdrawals after the merger announcements, destabilizing both institutions. In early April, after merger news broke, BASIC Bank saw deposit withdrawals totaling around Tk2,500 crore ($215 million). This massive outflow, initiated […]