The Colombian peso recently declined, breaking past the COP$4,000 mark against the U.S. dollar for the first time in 2024.

It escalated to a high of COP$4,049, marking a significant increase from its opening price this year.

The currency started its day at COP$3,980, which was COP$20 higher than the market’s representative rate. It briefly dipped to

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Category: Brazil

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Brazil’s sweeping tax reform is making headlines as it seeks to boost local and state government revenues.

The reform targets wealth through the taxation of assets such as vehicles, boats, real estate, and inheritances.

This strategic shift comes after overcoming legal hurdles, including challenges in the Supreme Federal Court.

The reform leverages a

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(Analysis) Saudi Arabia is making considerable investments in Brazil, solidifying a strategic partnership that benefits both nations.This week, a Rio de Janeiro conference, backed by Saudi Arabia's Public Investment Fund (PIF), showcases this blossoming relationship.The occasion includes Brazilian President Luiz Inácio Lula da Silva, Finance Minister
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On a frenzied Wednesday, the Brazilian stock exchange, Ibovespa, tumbled sharply.It fell 1.40%, closing at 119,936.02, a low not seen in 8 months since November 10, 2023. Concurrently, the business dollar climbed to R$ 5.40, up 0.86%. The day began with Brazil's Monthly Service Survey, showing a minor 0.5% growth in April.Claudia Moreno, an
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Audi has actually earmarked 1 billion euros to turbocharge its electric lorry (EV) production in Puebla, Mexico.This investment aims to transform the area into an important hub for EV innovation. It will be total with the necessary infrastructure to produce e-tron full-electric vehicles.Currently, Audi's plant in San Jose Chiapa, which houses around
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Recently, Rede D’Or, a key figure in Brazil’s healthcare sector, announced a bold repurchase of up to R$1 billion ($185 million) in its own shares.

Concurrently, Itaú BBA, a major investment firm, heightened its outlook on Rede D’Or, increasing the target price from R$ 33 to R$ 39 and maintaining a buy rating.

The firm’s optimism stems from Rede D

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