Brazil - TheIndianSubcontinent

The Ibovespa index, Brazil's main stock exchange benchmark, skyrocketed, exceeding 129,000 points with a noteworthy 1.25% boost, closing at 129,124.83 points.This rally was fueled by the Federal Reserve's signs that it might cut rate of interest in the coming years, increasing financier confidence globally.The Federal Reserve projected most

Details: Category: Brazil; Published: 21 March 2024

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The U.S. dollar dipped over 1% to under R$ 5 on Wednesday, responding to the Federal Reserve's decision to keep its base rate constant and project a 0.75 portion point cut by year-end. In spite of expectations of inflation going beyond projections, the Fed's position stayed the same from its December outlook.Ten of 19 officials expect at least a

Details: Category: Brazil; Published: 21 March 2024

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Following a sluggish start to the day, Bitcoin (BTC) experienced a notable healing, turning favorable by Wednesday afternoon.From an early low of $60,900, the cryptocurrency skyrocketed to approximately $67,300 by 17:50. The rise mirrored Wall Street's uptick, with significant stock indices closing greater and setting brand-new records.This was influenced by the

Details: Category: Brazil; Published: 21 March 2024

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While worldwide currency volatility declines, the Chilean peso remains an outlier in Latin America, defying the area's pattern toward stability.Investor issues about possible constitutional changes in 2021 and 2022 have actually kept the peso's volatility unusually high.The central bank's aggressive rate of interest cuts, amounting to 4 percentage points

Details: Category: Brazil; Published: 21 March 2024

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In 2023, Argentina's economy shrank by 1.6%, with a 1.9% GDP drop in the last quarter reported by the national stats company Indec.Despite this, the work rate edged up by 0.3% to 45.8%, and the unemployment rate remained consistent at 5.7%. The World Bank's 2024 outlook injects a dose of optimism, forecasting development of 2.3% and 2.5% for the next t