As the presidential debate on April 28 looms, Xóchitl Gálvez, the opposition candidate, prepares to challenge frontrunner Claudia Sheinbaum. Trailing significantly in the polls, Gálvez sees this as a pivotal moment to narrow the gap with the electorate. Her campaign, although supported by major opposition parties, has struggled with cohesion and strategic missteps. Gálvez, a […]
As dawn breaks over São Paulo’s farmlands, the agricultural sector sees a notable 11.4% growth in early 2024. This surge highlights the sector’s robustness and preludes the prestigious Agrishow in Ribeirão Preto, a top global agricultural fair. Here, the Brazilian government will introduce new financial initiatives worth R$1.4 billion ($270 million) to enhance this booming […]
Embraer, recognized as the world’s third-largest aircraft manufacturer, unveiled a significant investment plan for 2024. With Brazil’s President Luiz Inácio Lula da Silva at the company’s side, Embraer announced its commitment to invest approximately $390 million in its Brazilian operations. This funding aims to enhance its manufacturing capabilities substantially. Francisco Gomes Neto, president of Embraer, […]
The U.S. dollar experienced a notable decline against the Brazilian real on Friday, marking an end to its recent streak of weekly gains. This downturn was primarily driven by U.S. inflation data that aligned with market expectations, subsequently lowering Treasury yields. On Friday, the U.S. dollar closed at a 0.94% decrease, valued at 5.1168 reais. […]
On Friday, the Ibovespa, Brazil’s main stock index, soared, marking a significant upturn in its trajectory. It closed with a robust 1.51% increase, reaching 126,526.27 points—its largest single-day gain since a 1.63% rise on April 8. This uplift brought the weekly total to a 1.12% increase, snapping a three-week losing streak. The rally was significantly […]
This week, oil markets showed resilience as futures closed higher despite a strong dollar, buoyed by the latest U.S. inflation data and geopolitical developments. The release of the U.S. Personal Consumption Expenditures (PCE) Price Index for March influenced trading behaviors, highlighting the interplay between economic indicators and commodity prices. West Texas Intermediate (WTI) crude for […]
In March, Mexico showcased a notable turnaround in its economic performance, registering a significant trade surplus of $2.098 billion. This marked a dramatic shift from the $585 million deficit seen in February, highlighting the resilience of the Mexican economy. The increase was largely fueled by a robust $3.248 billion surplus in non-oil products, despite a […]
Argentina has made a significant strategic move to enhance its automotive industry’s global competitiveness. Under the leadership of Economy Minister Luis Caputo and President Javier Milei, the country has substantially reduced tariffs and taxes. This reduction specifically targets the automotive sector, with the goal of boosting exports and streamlining processes. The automotive industry, integral to […]
In the first quarter of 2024, Petróleos Mexicanos (Pemex) experienced a significant financial downturn. Profits plummeted by 91.7%, falling from MXN 56.735 billion ($3.40 billion) in early 2023 to just MXN 4.682 billion ($280.69 million) in the same period this year. A recent submission to the Mexican Stock Exchange noted that rising sales costs, administrative […]
General Motors (GM) officially declared that it will shut down its assembly operations in both Colombia and Ecuador. This decision shifts focus to national vehicle marketing and after-sales services. Today, GM starts winding down Colombia’s Colmotores plant, operational since 1956. The OBB plant in Ecuador will follow, ending activities by August 2024. Despite these closures, […]
