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The Brazilian stock market experienced a notable upturn, driven by Petrobras’s strong performance. The state-owned oil company’s announcement of substantial extraordinary dividends propelled the market to close the week on a positive note.
The Ibovespa, Brazil’s main stock index, climbed 1.74% to reach 129,125.51 points on Friday. This surge c
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Read more: Brazilian Stock Market Rises on Petrobras Boost
Write comment (99 Comments)The US dollar closed slightly higher against the Brazilian real on Friday, November 22, 2024. This uptick came as investors awaited the government’s announcement of public spending cuts.
The currency market reflected ongoing fiscal concerns and global economic tensions. The spot dollar ended the trading session at R$ 5.8144, a minor increase of
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Read more: Dollar Rises to R$ 5.81 Amid Fiscal Uncertainty
Write comment (93 Comments)The precious metals market experienced a significant uptick this week, with gold futures marking their fifth consecutive session of growth.The rise in gold prices shows the ongoing geopolitical unrest, especially the escalating conflict in between Ukraine and Russia.Gold futures for December shipment climbed 1.39% to $2,712.20 per troy ounce on the
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Read more: Gold Prices Surge Amid Geopolitical Tensions: A Week of Steady Gains
Write comment (92 Comments)America sends 3 massive warships back to Asia's waters, reversing months of lack that left China untreated. The USS George Washington leads this marine return, bringing 2,702 sailors to Japan's doorstep.The timing speaks volumes. As Trump prepares to take workplace, these drifting cities bring more than just airplane-- they signify America's mu
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Read more: 3 U.S. Carriers Return to Asia, Signaling Strength Against Chinese Aggression
Write comment (93 Comments)Argentina’s economy is undergoing a significant transformation under President Javier Milei’s leadership. Recent data shows a temporary dip in economic activity, signaling the start of a necessary adjustment period.
This change sets the stage for long-term stability and growth. In September, the economy contracted by 0.3% compared to August. While
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Read more: Argentina’s Economy Dips Unexpectedly Following Milei’s Austerity Measures
Write comment (95 Comments)Texas Governor Greg Abbott has issued a firm directive for state agencies to divest from Chinese investments and halt any future dealings.
This decision, announced on November 21, stems from escalating concerns over financial risks and national security threats tied to China’s growing hostility toward the United States.
Abbott’s order targets major s
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Read more: Texas Governor Orders State Agencies to Cut Financial Ties with China
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