This week, the commodities market sees crucial shifts across various industries, from mining to agriculture. At the heart of these changes, BHP Group strives to secure support for a significant partnership with Anglo American. This collaboration focuses on strategic restructuring, aiming to boost their joint market value, indicating a potential shift in the mining industry. […]
(Analysis) As Venezuela approaches its pivotal 2024 presidential elections, it stands at a critical juncture, facing severe economic and political challenges. Amidst high inflation and a skyrocketing poverty rate, President Nicolás Maduro’s administration has initiated several measures to stabilize the economy. The government has made modest increases to the minimum wage and bonuses in an […]
José Raúl Mulino, a 64-year-old native of Chiriquí, has become Panama’s unexpected President-elect. Until two months ago, he was a lawyer and former minister, serving as Ricardo Martinelli’s vice-presidential candidate. His mentor’s disqualification thrust Mulino into the presidency after a turbulent campaign where he pledged to revive Panama’s economic boom. Mulino represents the Realizing Goals […]
Brazil’s public sector achieved a dramatic fiscal turnaround in March, recording a primary surplus of R$1.177 billion ($0.23 billion). This came after February’s steep deficit of R$48.692 billion ($9.55 billion). According to the Central Bank, March’s results mark the best fiscal performance since 2022. The primary surplus reflects the difference between government revenue and spending […]
The growth of Brazil’s service sector slowed in the second quarter, as weaker April sales took a toll. The Purchasing Managers’ Index (PMI) from S&P Global showed a decline from 54.8 in March to 53.7 in April, indicating continued but slower expansion. Despite this dip, the PMI remained above 50, showing growth for the seventh […]
In May, Eurozone investor confidence surged for the seventh straight month, marking the most robust optimism seen in over two years. This upward trend, detailed in a recent Sentix survey, reflects a slow yet steady recovery. In April, the Sentix Investor Confidence Index was at -5.9 but rose to -3.6 by May, surpassing expectations of […]
In the latest release from Brazil’s Central Bank, the Focus Bulletin on Monday highlighted upward adjustments in economic forecasts. Analysts have raised the 2025 inflation forecast from 3.60% to 3.64%. This revision reflects concerns about fiscal policy changes and less stringent public spending controls. Market experts also adjusted the 2024 inflation forecast slightly, from 3.73% […]
In Brazil, the hybrid car market is gaining momentum as electric vehicle (EV) sales slow down in multiple markets due to dwindling government incentives and insufficient charging infrastructure. Positioned as a leader in hybrid vehicle production, Brazil seeks to become a reference in the segment. At Toyota’s factory in Sorocaba, 100 km from São Paulo, […]
Chile’s Joint Chiefs of Staff (Emco) and Texas’s Military Department convened for the 15th Annual State Partnership Program (ASPPM) Planning Meeting in Santiago on April 15-16. The meeting reviewed 2024 plans and charted strategies for 2025. Major General Lionel Curti and Brigadier General Andrew J. Camacho led the meeting, held at the Chilean Joint Peacekeeping […]
Boeing’s Starliner is poised to make a significant leap in aerospace history with its first crewed test flight, ushering in a new era of space exploration. Astronauts Butch Wilmore and Suni Williams are at the forefront of this groundbreaking mission. It is set to launch from Cape Canaveral Space Force Station in Florida. Their journey […]
