Brazil - TheIndianSubcontinent

The Brazilian stock market experienced a considerable decline on Friday, December 13, with the Ibovespa index dropping 1.13% to close at 124,612.22 points.This loss amounted to 1,429.99 points, marking a total weekly decline of 1.06%. The day was particularly ominous for those who experience paraskevidekatriaphobia, the worry of Friday the 13th. The

Details: Category: Brazil; Published: 14 December 2024

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The Brazilian stock market experienced a significant downturn on Thursday, December 12, 2024, as investors reacted to the Central Bank’s decision to increase interest rates.

The Ibovespa, Brazil’s main stock index, plummeted by 2.74%, closing at 126,042.21 points. This sharp decline ended a streak of gains and wiped out over 3,000 points from the i

Details: Category: Brazil; Published: 13 December 2024

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A high-stakes diplomatic game over access to the Red Sea reached its climax as Ethiopia abandoned its questionable port contract with Somaliland.Turkish President Erdogan brokered the deal in between Ethiopia and Somalia on December 11, 2024, after 7 hours of extreme negotiations in Ankara.The story started when Ethiopia, desperate for sea gain access to

Details: Category: Brazil; Published: 13 December 2024

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The gold market experienced a considerable shift on Thursday, breaking a four-day winning streak. The precious metal's rate pulled back, correcting recent gains and sensation pressure from rising Treasury yields.February gold futures shut down 1.72% at $2,709.40 per troy ounce on the Comex department of the New York Mercantile Exchange. This downturn

Details: Category: Brazil; Published: 13 December 2024

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The global oil market experienced a volatile day on Thursday, December 12, 2024. Crude oil futures closed lower after the International Energy Agency (IEA) revised its forecast for global oil demand.

This downturn followed substantial gains in the previous session. The West Texas Intermediate (WTI) crude for January delivery fell by 0.38% to $70.02

Details: Category: Brazil; Published: 13 December 2024

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The Brazilian currency market experienced a rollercoaster ride on Thursday, December 12, 2024. The US dollar, which initially weakened against the Brazilian real following the central bank’s interest rate decision, rebounded strongly to close above the R$ 6 mark.

This unexpected turn highlights the complex interplay of domestic and global economic