On July 25, 2024, gold prices tumbled by more than 2%. This decline was unexpected, given the record highs earlier this year.

Investors cashed in, reacting to a dip in demand, particularly from China. Such volatility underscores gold’s complex role in today’s financial landscape.

Gold’s fall coincided with a surprising interest rate cut by China’s ce

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At the Farnborough Airshow in England, a global aviation event, Brazilian aerospace giant Embraer announced a significant deal. They secured nine firm orders for their C-390 Millennium aircraft.

Despite this bullish news, Embraer’s shares unexpectedly fell by 7.03%, closing at R$38.60. Over the year, however, the company’s stock has surged by over 7

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On Monday, the U.S. dollar dropped 0.61% after a significant U.S. political figure announced they would not run in the upcoming election.This news reversed a previous 3% weekly gain and cast a spotlight on emerging markets like Brazil, which reacted promptly.In Brazil, a R$ 15 billion freeze in the 2024 budget became part of efforts to tighten fiscal
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As the world enjoyed, the Ibovespa inched up by 0.19% to close at 127,859.63, reflecting a mindful optimism on Monday.This modest boost took place as Joe Biden withdrew from the U.S. governmental race, activating a wave of speculation and market fluctuations.Vice President Kamala Harris now steps into the spotlight, possibly pitting her
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Brazil's financial story got momentum as federal revenue rose 11.02% in June, leading to a 9% growth in the first half of the year.However, Robinson Barreirinhas, the Federal Revenue Secretary, flagged a small shortage due to unresolved payroll tax relief measures.Facing hard financial goals, President Luiz Inácio Lula da Silva's team en
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Invite to The Rio Times' important African news source, providing an introduction of the continent's most impactful stories.The following news have been the focal point of conversations in regional African media.Tanzanian President Dismisses Key Ministers Amidst Political ReformsPresident Samia Suluhu Hassan of Tanzania has actually dismissed her Foreign and
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