Richard Mann
Richard Mann is a German native and has worked as a freelance journalist for many years. He travels all over Brazil and is mainly interested in business, art, and culture and also likes to write articles about spiritual topics and unusual events.
U.S. banks team up to rescue First Republic Bank with US$30 billion
U.S. financial institutions teamed up on Thursday (16) to rescue First Republic Bank with US$30 billion, they announced in a joint statement.
Bank of America,...
Argentina’s Central Bank increases interest rate by 300 basis points to 78%
The entity informed in a statement that the Central Bank of Argentina (BCRA) decided yesterday, Thursday, to increase the reference interest rate by 300...
Moody’s sees “limited impact” in Latin America of the banking crisis in the United States
Banks in Latin America will have a "limited impact" due to the financial problems registered in the last few days in the United States,...
China’ US Treasury holdings hit 14-year low
China’s holdings of US government bonds in January fell to its lowest level since May 2009 due to the US Federal Reserve's tight monetary...
Brazil inaugurates technology center for electric and autonomous aviation development
Brazil launched yesterday, Tuesday, its main development center for the future of the national aeronautics industry, primarily electric and autonomous aircraft, at the São...
Argentina records 102.5 % year-on-year inflation in February, the highest since 1991
Argentina recorded 102.5 percent year-on-year inflation in February after reporting a monthly price increase of 6.6 percent, the National Institute of Statistics and Censuses...
With bankruptcy of American bank(s), the dollar closes above R$5.26
The financial crisis in the United States, with the bankruptcy of Silicon Valley Bank, influenced the Ibovespa drop on Monday.
The commercial dollar closed 1.16%...
Troyjo resigns as president of the BRICS Bank and opens the way for Dilma Rousseff
Marcos Troyjo, president of the BRICS Bank (NDB), resigned on Friday, Mar. 10. President Lula will nominate Dilma Rousseff to lead the financial institution.
In...
Bankruptcy of SVB and Signature bank: US sets aside US$25 billion to pay customers
The Fed (Federal Reserve), the US Treasury, and the FCDI (Federal Credit Insurance Corporation) announced this Sunday (Mar. 12) the creation of a new...
Brazilian Stock Exchange ends the trading session with a 2% high
The main index of the São Paulo Stock Exchange (B3), Ibovespa, ended the trading session on Wednesday, Mar. 8, up 2%, at 106 thousand...
Brazil’s Ibovespa index closes down, driven by the North American market
The Ibovespa, the main index of the Brazilian Stock Exchange (B3), ended the day on Tuesday down 0.45%, at 104,000 points.
On the other hand,...
Brazil begins trials for its own CBDC, the digital real
Brazil yesterday started the pilot project to create the digital real, the country's future official virtual currency (CBDC), the Central Bank announced.
According to the...
Inflation in Uruguay slows down to 7.55% year-on-year
Inflation in Uruguay moderated to 7.55 percent in the mobile year ending in February, informed the National Statistics Institute (INE) yesterday, Friday.
The increase of...
Brazil’s President calls for more investments in the country, that is already a champion for foreign investment
Brazil's President Luiz Inácio Lula da Silva said Thursday that more investment is needed for the country's economy to thrive after it was learned...