Thursday marked a noteworthy shift as the U.S. dollar fell to R$ 5.25, concluding a streak of gains.This downturn wasn't a separated event; it mirrored wider worldwide market trends where emerging currencies gained strength, strengthened by robust product performances.The day's trading closed with the area dollar down by 0.64% to R$ 5.249 for
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Category: Brazil

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Santander's most current report offers fresh insights into the Latin American metals and mining sector. Brand-new experts have taken charge, keeping Vale (VALE3) as their top choice, favoring iron ore over steel.Santander recommends an outperform rating (similar to a purchase ) for Vale, with a rate target of $18 per ADR by the end of 2024. They expect iron ore
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This Thursday saw a nearly 2% spike in oil prices, energized by a weakened U.S. dollar-- a boon for commodities.On the extremely same day, the eyes of financiers were locked on OPEC+ as the organization hinted at voluntary production cuts.Such relocations can drastically sway global markets, underscoring the influence of oil on economic currents worldwide.West
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In May, Brazil saw a trade surplus of $8.534 billion, though this figure reveals a sharp 22.3% drop from the previous year's $11 billion.The decline shows broader financial shifts affecting the nation's trade dynamics.Export revenues fell to $30.338 billion, a 7.1% decline from in 2015, while imports edged up a little by 0.5% to $21.804
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After withstanding a six-day downturn, Brazil's Ibovespa index rose, achieving a 1.23% rise to 122,898.49 points-- a significant gain of nearly 1,500 points.At the same time, the Brazilian real strengthened, valuing to R$ 5.24 against a weakening dollar.Furthermore, rates of interest on future contracts fell, igniting events in financial
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In 2015, the Fundo Dam in Brazil burst, unleashing a flood of poisonous mud over towns and into important waterways.Responsible for this disaster, mining giants Samarco, Vale, and BHP now deal with a R$ 109 ($21) billion demand from the Brazilian government and the states of Minas Gerais and Espírito Santo.This proposed settlement is not just a figure
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