RT Staff Reporters
The Rio Times staff is a network of freelance journalists and bloggers from around the world who inform us about news from their regions and specific topics. This information is collected, reviewed and processed in our newsroom.
Modest Dollar Gain Amid Brazil’s Rate Cut Forecast
On Thursday, the US dollar saw a slight uptick against the Brazilian real, closing up by 0.11% at R$4.9797.
This mild increase came even as...
Coffee Crop Projections: A Global Overview for 2023-2024
The upcoming 2023-2024 season forecasts global coffee production at 178 million 60kg bags. Arabica beans will contribute 57.4% of this figure, totaling 102.2 million...
Brazilian Stocks Dip as Central Banks Stir Markets
On Thursday, the Ibovespa, Brazil's primary stock index, saw a decrease of 0.75%, settling at 128,158.57 points, a drop of 966.26.
The US dollar experienced...
European Markets Climb; London and Frankfurt Set Records
Thursday saw European stock markets close with gains. London's market notably surged after the Bank of England (BoE) Governor, Andrew Bailey, hinted at a...
10 beautiful waterfalls in Brazil
Brazil's generosity extends to waterfalls, among them the towering Fumaça Waterfall in Chapada Diamantina, Bahia. With its 340-meter drop, it promises an exhilarating experience.
Boca...
Brazil’s 2024 Interest Rate Outlook Turns Hawkish
Brazil's Central Bank unanimously cut the Selic rate to 10.75% after price trends prompted a sixth consecutive reduction, aligning with analysts' expectations.
However, its Monetary...
Thursday’s Morning Call: A Look Back Amid a Quiet Economic Agenda
Today's morning call indicates a quiet day for significant market events, leading investors to focus on recent interest rate decisions by the Monetary Policy...
Brazil’s Rise as Global Chicken Export Leader
Brazil now leads in chicken exports globally and is second in production after the UK approved its exports, with the EU likely to follow.
Agriculture...
Wall Street Indices Hit New Highs After Fed Decision and Powell’s Remarks
Following the Federal Reserve's decision and Chairman Jerome Powell's press conference, New York's stock markets soared, reaching new all-time highs.
This surge reflects market confidence...
Ibovespa Surges as US Rate Cut Expectations Grow
The Ibovespa index, Brazil's primary stock market benchmark, soared, surpassing 129,000 points with a notable 1.25% increase, closing at 129,124.83 points.
This rally was fueled...
Dollar Falls Below R$5 as Fed Holds Rates
The U.S. dollar dipped over 1% to under R$5 on Wednesday, reacting to the Federal Reserve's decision to keep its base rate steady and...
Brazil’s Rice Exports Decline in Early 2024
In the first two months of 2024, Brazil witnessed a notable 24% decline in rice exports, shifting from 239.4 thousand tons in the same...
Bitcoin Rebounds Alongside Wall Street, Trimming Weekly Losses
Following a sluggish start to the day, Bitcoin (BTC) witnessed a notable recovery, turning positive by Wednesday afternoon.
From an early low of $60,900, the...
Argentina Faces Economic Dip in 2023, Aims for Recovery
In 2023, Argentina's economy shrank by 1.6%, with a 1.9% GDP drop in the last quarter reported by the national stats agency Indec.
Despite this,...