INSUBCONTINENT EXCLUSIVE:
The Brazilian stock market, Ibovespa, experienced a downturn on Tuesday
according to preliminary data
billion yuan ($14 billion) for construction projects
The government will continue issuing special ultra-long-term bonds for the coming year.Market analysts had anticipated a much larger
package, potentially worth trillions of yuan
Stimulus Package Falls Short
(Photo Internet reproduction)These factors caused iron ore and oil prices to plummet by over 4%
The price drops heavily impacted shares of Vale and Petrobras, two major Brazilian companies.Vale, a mining giant, saw its stock fall by
decision-making freedom in leading the institution
senators also focused on ensuring management independence
Analysts expect his approval for the Central Bank presidency to proceed without major obstacles.Despite the overall market decline, some
companies saw significant gains
Azul, a Brazilian airline, closed 8.35% higher after reaching a 3 billion reais agreement with creditors.Cogna, an education company, surged
11.90% following a positive review from Bradesco BBI
Mining companies felt the impact of falling iron ore prices
