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On April Fool’s Day, typically a day of jest, the Ibovespa faced a stark reality, dropping by 0.87% to close at 126,990 points, shedding over 1,100 points.
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- Category: Brazil
Read more: April’s Rough Start for Ibovespa Amidst Global Economic Shifts
Write comment (92 Comments)In March, Peru saw an unexpected inflation surge, with Lima’s consumer prices rising 3.05% year-on-year, above economists’ 2.8% estimate.
This increase exceeded all forecasts, with none of the surveyed economists predicting inflation above 3%.
Month-over-month, prices rose by 1.01% from February, highlighting the ongoing challenge for the Central
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Read more: Unexpected Inflation Growth Challenges Peru’s Monetary Policy
Write comment (93 Comments)Fitch Ratings has actually reduced Panama's credit rating to BB+, removing its financial investment grade status due to the closure of a significant copper mine last year.This occasion increased fiscal concerns and could moisten development prospects. The nation's rating now matches that of Vietnam, Colombia, and Serbia.Morgan Stanley's Emma Cerda expects a comparable move f
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Read more: Panama at a Crossroads: Credit Downgrade Shakes Market Confidence
Write comment (93 Comments)Chile, ranked as the world’s second-biggest lithium producer, has set ambitious plans to double its output within the next decade.
This move aims to cater to the soaring demand for electric vehicle batteries and preempt a looming shortage that could escalate prices.
Chile’s Finance Minister, Mario Marcel, highlights the critical risk of u
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Read more: Chile’s Lithium Strategy: Expanding Production to Secure Battery Market
Write comment (90 Comments)Federal Reserve Chairman Jerome Powell recently underscored the central bank’s deliberate approach towards adjusting monetary policy, signaling no immediate intent to lower interest rates.
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Read more: Powell’s Patient Stance on Interest Rates Amid Inflation Trends
Write comment (95 Comments)President Luis Arce addresses Bolivia’s urgent energy needs by launching a state agrofuel plant and exploring unconventional oil and gas.
These steps come after a disappointing outcome from the Astillero X-1 well, which failed to find expected gas reserves.
Facing an energy trade deficit of $1 billion in 2023 and a significant drop in gas sales,
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Read more: Unconventional Oil and Gas: Bolivia’s New Frontier
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