In May, Brazil's federal earnings experienced an 11% year-over-year boost, adjusted for inflation, up from April's 8.3% rise, as reported by BTG bank.The Treasury came across hold-ups in tax payments from companies in Rio Grande do Sul.BTG projections a significant May deficit of R$ 58.1 billion ($10.92 billion). This quantity far exceeds Prisma
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On Friday, the U.S. dollar reached its highest point against the Brazilian genuine given that early 2023. This rise was sustained by strong U.S. employment figures and concerns over Brazil's fiscal policies.Recent robust U.S. job information tips that the Federal Reserve may hold off on rate cuts next year.As U.S. rates stay competitive, worldwide capital continues
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Yesterday, in São Paulo, a private conversation leaked. Finance Minister Fernando Haddad met top bank executives, stirring significant market volatility.Immediately, stock costs dipped, and rate of interest rose. The meeting concentrated on government costs techniques, essential for Brazil's economic stability.Haddad proposed services for
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Bolivia experienced a significant drop in both exports and imports during the first quarter of the year 2024.

According to the IBCE, using data from the INE, exports fell 27% and imports 16% compared to last year.

External sales, which were $2.645 billion in the first quarter of 2023, decreased to $1.921 billion in the same period of 2024.

Imports

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May 2024 saw a decrease in Buenos Aires' inflation rate to 4.4%, a noteworthy drop from April's 9.8%, according to INDEC Argentina.This reduction offers a look of stabilization in an otherwise volatile financial landscape.By the end of May, cumulative inflation for the year had hit 80.2%, with a year-over-year rate of 280.9%. Food costs, a
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In an event in Aragua, President Nicolás Maduro of Venezuela and Turkish delegates established an innovative tactical partnership.They signed contracts on mining, gas, and petrochemicals, targeting economic improvement for both nations.Maduro declared, Our win-win collaboration will revitalize essential sectors: mining, gas, and petrochemicals. The
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