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Renault and Geely are preparing to expand their global partnership into Brazil, targeting one of the fastest-growing automotive markets.
Sources familiar with the discussions revealed that the agreement, expected to be announced later this month, will allow Geely to sell its vehicles through Renault’s established retail network in Brazil and use R
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Read more: Geely Joins Forces with Renault in Brazil to Boost Local Production and Sales
Write comment (92 Comments)Colombia’s economy showed modest signs of recovery in 2024, with Bancolombia estimating 2% year-over-year GDP growth in the fourth quarter. This brings the full-year growth to 1.7%, a slight improvement from the 0.6% recorded in 2023.
The National Administrative Department of Statistics (DANE) will confirm these figures on February 17, but the
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Read more: Colombia’s Economy Edges Toward Recovery with 2% Growth in Late 2024
Write comment (94 Comments)The Colombian peso faced renewed pressure on Wednesday, February 12, 2025, as the U.S. dollar strengthened globally following key inflation data and trade developments.
The dollar closed at COP 4,164.82 in Colombia, reflecting a rise of COP 11.02 compared to the Representative Market Rate (TRM) of COP 4,153.80. This marks the latest in a series of
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Read more: Colombian Peso Weakens as U.S. Dollar Strengthens Amid Inflation and Trade Concerns
Write comment (91 Comments)Oil rates fell sharply on Wednesday as discussions for a prospective ceasefire in Ukraine acquired momentum, driven by U.S.-led negotiations.President Donald Trump started talks with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy. This relocation signified possible progress towards ending the conflict.Brent crude, the international
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Read more: Oil Prices Drop Over 2% Amid Potential Ukraine-Russia Ceasefire Talks
Write comment (99 Comments)Gold costs supported on Wednesday, February 12, 2025, following a volatile session that saw the metal retreat from its record high of $2,942.76 per troy ounce reached earlier this week.The April gold futures agreement on COMEX closed at $2,928.70, down 0.13%, while area gold hovered near $2,884.51 throughout the day. The marketplace balanced inflation
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Read more: Gold Holds Steady After Record Highs Amid Inflation and Geopolitical Uncertainty
Write comment (96 Comments)The U.S. dollar closed lower against the Brazilian genuine on Wednesday, showing international market reactions to suddenly high U.S. inflation information for January. The currency ended the session at R$ 5.7631, down 0.08%, after an unpredictable trading day.This mirrored a minor decrease in the U.S. Dollar Index (DXY), which measures the dollar versus six
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Read more: [Brazil] - Dollar Weakens Against Real as U.S. Inflation Surprises Markets
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