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Peru’s Economy Contracts Unexpectedly in March
Peru's economy unexpectedly contracted in March, surprising analysts who had forecast moderate growth.
The National Institute of Statistics and Informatics (INEI) reported that the economic...
Brazil’s Ibovespa Falls as Petrobras Leadership Shift Rattles Markets
The Brazilian stock market faced turbulence as shares of Petrobras plunged, dragging down the Ibovespa, despite favorable economic news from the United States.
This market...
Peru Labels Trans Identities as Mental Illnesses
The Peruvian government issued a controversial decree classifying trans identities as mental illnesses.
Published in the Official Gazette, the decree labeled "transsexualism," "dual-role transvestism," and...
Colombia’s Economy Grows by 0.7% in First Quarter, Falling Short of Expectations
Colombia's economy grew by 0.7% during the first quarter of 2024, according to the National Administrative Department of Statistics (DANE).
Financial markets had projected a...
Petrobras Experiences Significant Market Value Drop Following Leadership Change
Petrobras experienced a significant drop in market value following the unexpected resignation of its president.
A new leader, formerly with the National Agency of Petroleum,...
Mexico’s Record Foreign Investment in Early 2024
In early 2024, Mexico set a record with $20.313 billion in foreign direct investment (FDI), marking a 9% increase from 2023.
However, only 3% of...
Global Oil Market Projections for 2024 and Beyond
Global oil demand will increase by 1.1 million barrels per day (mb/d) in 2024, according to the International Energy Agency (IEA).
This projection is 140,000...
Venezuela’s Military Buildup Near the Esequibo Region
Nicolás Maduro, facing internal challenges, has increased Venezuela’s military presence near the disputed Esequibo region.
Since February 9, the Venezuelan military has deployed substantial personnel...
Magda Chambriard’s Journey to Leading Petrobras
President Luiz Inácio Lula da Silva has officially nominated Magda Chambriard to lead Petrobras, a critical company for Brazil's economy.
Brazil’s state-owned oil company will...
Haiti’s Airport Reopens Amid Heightened Security
Port-au-Prince Airport reopened after being closed for over two months due to a violent attack by armed groups on March 5th.
Haiti's National Police (PNH)...
Venezuela Pushes for Sanctions-Free Economic Zone
On May 14, Venezuela's UN ambassador, Samuel Moncada, announced a notable new initiative aimed at achieving transactional freedom.
The country plans to propose the creation...
Brazil’s Economic Activity Index Down 0.34% in March, Below Expectations
The Brazilian Central Bank's Economic Activity Index (IBC-Br) revealed an unexpected drop in March 2024, surprising analysts.
The index fell by 0.34% compared to February....
Helbor’s Profit Rises, While Multi and Tupy Face Challenges in Q1 2024
Multi (MULT3), formerly Multilaser, reported a net loss of R$69 million ($13.4 million) in Q1 2024. This represents a 78.8% decrease from Q4 2023...
Positivo Reports Record Profit, Eneva and Eucatex Face Setbacks in Q1 2024
Positivo (POSI3) reported a net profit of R$64.3 million ($12.5 million) for the first quarter of 2024. This profit is a significant increase, 7.5...