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.
World’s Weekly Business Highlights: Feb 12-16, 2024
This week sets the stage for a series of pivotal economic and financial events globally, from February 12th to February 16th, 2024.
Each day brings...
The Worldwide Impact of China’s Property Downturn
Chinese investors and their financial backers are now selling global properties to maintain liquidity amid China's growing real estate crisis.
The sale prices of these...
UBS Forecasts 8% Selic Rate, Aided by El Niño
UBS predicts Brazil's Selic rate will decrease to 8% by the end of 2024, below the broader market's expectation of 9%.
Analysts attribute this to...
Soybean Forecasts 2023/24 Dip in Brazil
Last week, Brazil's 2023/24 soybean crop projections fell below 150 million tons, as reported by Safras & Mercado and Conab.
The USDA's forecast now sits...
Petrobras Commits $100 Billion to Global Offshore Ventures
Brazil's Petrobras plans a $100 billion investment in offshore oil exploration and production, CEO Jean Paul Prates announced.
As Latin America's leading oil firm, it...
China Bolsters Brazilian Infrastructure with $54 Billion
Since 2003, China has invested $54 billion in Brazil, covering 100 projects.
This move aims to deepen China's ties with Latin America and showcases a...
Bright Outlook for S&P 500, UBS Forecasts
UBS strategists foresee the S&P 500 maintaining its momentum and potentially reaching new heights.
Recently approaching 5,000 points, the index has surged over 5% in...
Peru Continues Interest Rate Cuts Amid Lower Inflation
The Central Reserve Bank of Peru has once again cut its benchmark interest rate, now from 6.50% to 6.25%.
This decision, made at their February...
Brazil’s Grain Production to Dip by 3.8% in 2024
In 2024, Brazil expects to harvest 303.4 million tons of grains, marking a 3.8% drop from 2023's peak of 315.4 million tons, as per...
Petrobras Sets New Production Record with 3.7% Boost in 2023
In the latest development, Petrobras saw its oil and natural gas output grow by 3.7% in 2023, reaching a new high.
The firm pumped out...
Maritime Industry Outlook Darkens, Stock Exchange Reflects Concerns
Maersk's stock fell sharply due to a grim outlook for the maritime industry later this year.
The decline relates to an expected end to the...
Record High Cocoa Prices Impact Global Chocolate Market
Cocoa futures hit a historic peak in New York, signaling a sharp rise in chocolate costs.
This surge, the highest in 65 years, is driven...
Mexico’s Central Bank Keeps Rates at 11.25% Amid Inflation Watch
The Bank of Mexico, or Banxico, has decided to keep its key interest rate at 11.25% annually.
This unanimous choice highlights the bank's ongoing vigilance...
Embraer Earns Investment-Grade Status
Standard & Poor's (S&P) has raised Embraer's credit rating to BBB-, advancing it to investment grade.
This shift reflects the company's financial improvements and growth...