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Panama, a nation of approximately 4.5 million residents, officially became an associated state of Mercosur on Friday. This status does not grant Panama voting rights within the bloc but positions it closer to a significant player in global trade.
President José Raúl Mulino signed the agreement, expressing that joining Mercosur represents a “
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Read more: Panama Joins Mercosur as an Associated State
Write comment (90 Comments)The dollar experienced a noteworthy rebound on Friday, December 6, closing at R$ 6.0708, showing a 1.02% increase. This rise followed three successive sessions of decline.It was driven by robust U.S. labor market information and growing issues relating to Brazil's fiscal landscape. During the trading session, the dollar approached R$ 6.10, reaching a low
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The Brazilian Supreme Court has actually reached a decisive majority in a significant ruling concerning former President Jair Bolsonaro.On December 6, 2024, the court denied a movement from Bolsonaro's legal group, which looked for to get rid of Justice Alexandre de Moraes from supervising an investigation into an alleged coup attempt in 2022. This examination
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Read more: [Brazil] - Bolsonaro Faces Serious Allegations as Court Upholds Moraes' Role in Inquiry
Write comment (93 Comments)The Brazilian stock market experienced a significant rally, with the Ibovespa index climbing nearly 2,000 points, driven by strong support from Petrobras and advancements in the fiscal package being discussed in Congress.
On December 5, the Ibovespa rose by 1.40%, closing at 127,857.58 points. In contrast, the dollar fell to R$ 6.0097, reflecting a
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Read more: Brazilian Stock Market Surges Over 1% Amid Fiscal Package Progress
Write comment (95 Comments)The U.S. economy demonstrated strength in November by creating 227,000 new jobs, as reported by the Department of Labor.This figure went beyond experts' expectations, which had expected an increase of 214,000 jobs, according to an agreement collected by The Wall Street Journal.Additionally, the October job creation numbers were revised upward
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Read more: U.S. Economy Adds 227,000 Jobs in November Amid Rising Unemployment Rate
Write comment (95 Comments)On December 5, gold futures experienced a decline as traders exercised caution ahead of the upcoming U.S. payroll report. This report is anticipated to provide crucial insights that could influence expectations regarding interest rates.
The drop in gold prices contrasts sharply with Bitcoin’s remarkable rise, which recently surpassed the u
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Read more: Gold Prices Decline Amid Bitcoin Surge Ahead of U.S. Payroll Report
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