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On December 23, the Ibovespa index fell by 1.09%, closing at 120,766.57 points. This drop reflects a broader concern over Brazil’s fiscal stability, with the index now down nearly 9% for the year. Trading volume decreased significantly as investors reacted to the rising dollar, which reached R$ 6.19. Financial planner Idean Alves highlighted that fears […]
(Commentary) Argentina’s economic transformation under President Javier Milei serves as a stark warning for Brazil. Milei’s radical fiscal reforms have shaken the nation’s foundation. His approach aims to cure Argentina’s chronic economic ailments through drastic measures. Milei inherited a country on the brink of hyperinflation with soaring interest rates. Years of deficit spending and money […]
Twin-engine plane crashed in largely residential neighborhood of Gramado shortly after takeoff, authorities say. A small plane has crashed into a tourist hotspot in southern Brazil, killing all 10 people on board and injuring more than a dozen people on the ground, officials have said. The twin-engine Piper PA-42-1000 hit the chimney of a home […]
The 10 on board were not believed to have survived, while at least 14 other people were injured on the ground. Source link
At least 37 people have been killed in a “tragic” traffic collision between a bus and truck in the Brazilian state of Minas Gerais, the Associated Press reported, citing fire department officials who attended the scene. The death toll had initially been put at 22. A further 13 people were taken to hospitals near the […]
SAO PAULO (AP) — A crash between a passenger bus and a truck early Saturday killed 37 people on a highway in Minas Gerais, a state in southeastern Brazil, officials said. The Minas Gerais fire department, which responded to the scene, said 13 others were taken to hospitals near the city of Teofilo Otoni. The […]
In 2022, I quit my job to fulfill my longtime dream of traveling the world full-time for a year and a half. My journey through 12 countries in Asia and six in South America cost exactly $34,563.38. I stayed meticulous about one thing from beginning to end: I tracked every penny I spent, from a […]
These buildings and places capture the city’s playful approach to concrete-and-asphalt Modernism. Source link
Brazil’s central bank has been on a spending spree, burning through $17 billion in reserves to bolster the real. The bank has intervened almost daily in the past week, selling $8 billion in auctions. The Brazilian markets bounced back at week’s end amid extraordinary measures by the central bank. These actions aimed to halt a […]
The Brazilian stock market, represented by the Ibovespa index, has shown resilience, closing at 121,187.91 points after a challenging period. This rebound signals a shift in market sentiment driven by the approval of a fiscal package in Congress, which has eased investor concerns regarding the country’s financial stability. On December 19, the Ibovespa rose by […]