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Ecuador’s political landscape shifted after Daniel Noboa’s clear victory over correísmo, the movement tied to former President Rafael Correa.
Noboa’s government now faces the task of delivering on promises of greater security, institutional order, and a more open economic model. The country’s future depends on whether these plans can address the dee
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Read more: Noboa’s Ecuador: Security Crackdown and Economic Opening After Correísmo’s Fall
Write comment (97 Comments)Peru’s Air Force (FAP) confirmed plans to acquire 24 fighter jets in two phases, allocating $2 billion for 12 units in 2025 and $1.5 billion for the remainder in 2026.
General Carlos Chávez Cateriano emphasized the need for a single supplier to avoid redundant logistics costs, narrowing options to France’s Rafale, the U.S. F-16 Block 70, and Sw
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Read more: Fiscal Discipline Guides Peru’s Major Fighter Jet Modernization
Write comment (94 Comments)Copper prices have climbed to a three-week high this morning, with futures rising to approximately $4.90 per pound. The London Metal Exchange (LME) three-month copper contract gained 0.8% to $9,443.50 a ton as of 9:18 a.m. in Singapore.
Yesterday’s trading session showed significant momentum with Comex copper settling 3.17% higher at $4.8705, m
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Read more: Global Copper Market Rallies on Trade Optimism and Dollar Weakness
Write comment (91 Comments)Global gold markets witnessed a sharp correction yesterday afternoon and during the night after prices retreated from yesterday’s unprecedented highs.
Spot gold traded at $3,315.04, declining 0.12% from previous levels after briefly touching the historic $3,500 mark on April 22. This market reversal coincided with significant shifts in geopolitical
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Read more: Gold Retreats Sharply from $3,500 Historic Peak as Trump Softens Stance on Fed and China
Write comment (100 Comments)Oil prices extended their gains Wednesday morning as Brent crude rose to $68.05 per barrel and WTI reached $64.27, both climbing up nearly 1%. The increase constructs on Tuesday's strong performance when Brent jumped 1.8% to settle at $67.44 while WTI gained around 2%. The cost rally originates from fresh U.S. sanctions targeting Iranian shipping e
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Read more: Oil Prices Climb on Iran Sanctions and Falling U.S. Inventories
Write comment (100 Comments)The Brazilian Real gained ground against the US Dollar this Wednesday morning, with the USD/BRL trading at 5.7208, down 0.06% from yesterday’s close of 5.7241.
Trading data from major financial markets confirm this trend continues from mid-April when the Real broke below the 5.75 level. This marks the currency’s strongest position against the d
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Read more: Brazilian Real Strengthens Against Dollar as Commodity Exports Boost Currency
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