The U.S. dollar experienced a notable decline against the Brazilian real on Friday, marking an end to its recent streak of weekly gains. This downturn was primarily driven by U.S. inflation data that aligned with market expectations, subsequently lowering Treasury yields ..read more

On Friday, the Ibovespa, Brazil’s main stock index, soared, marking a significant upturn in its trajectory. It closed with a robust 1.51% increase, reaching 126,526.27 points—its largest single-day gain since a 1.63% rise on April 8. This uplift brought the weekly total to a 1.12% increase, snapping a three-week losing streak. The rally was significantly ..read more

This week, oil markets showed resilience as futures closed higher despite a strong dollar, buoyed by the latest U.S. inflation data and geopolitical developments. The release of the U.S. Personal Consumption Expenditures (PCE) Price Index for March influenced trading behaviors, highlighting the interplay between economic indicators and commodity prices. West Texas Intermediate (WTI) crude for ..read more

In March, Mexico showcased a notable turnaround in its economic performance, registering a significant trade surplus of $2.098 billion. This marked a dramatic shift from the $585 million deficit seen in February, highlighting the resilience of the Mexican economy. The increase was largely fueled by a robust $3.248 billion surplus in non-oil products, despite a ..read more

Argentina has made a significant strategic move to enhance its automotive industry’s global competitiveness. Under the leadership of Economy Minister Luis Caputo and President Javier Milei, the country has substantially reduced tariffs and taxes. This reduction specifically targets the automotive sector, with the goal of boosting exports and streamlining processes. The automotive industry, integral to ..read more

In the first quarter of 2024, Petróleos Mexicanos (Pemex) experienced a significant financial downturn. Profits plummeted by 91.7%, falling from MXN 56.735 billion ($3.40 billion) in early 2023 to just MXN 4.682 billion ($280.69 million) in the same period this year. A recent submission to the Mexican Stock Exchange noted that rising sales costs, administrative ..read more

General Motors (GM) officially declared that it will shut down its assembly operations in both Colombia and Ecuador. This decision shifts focus to national vehicle marketing and after-sales services. Today, GM starts winding down Colombia’s Colmotores plant, operational since 1956. The OBB plant in Ecuador will follow, ending activities by August 2024. Despite these closures ..read more

In Miami, "The Messi Experience: A Dream Come True" vividly brings Lionel Messi's storied career to life. This immersive exhibition traces his journey from Rosario, Argentina, to becoming a 2022 World Cup champion and his recent move to MLS club Inter Miami. Staged in a hangar in Coconut Grove, the exhibit is set to tour ..read more

In the early hours of Friday, a devastating fire erupted at the Garoa Hostel on Farrapos Avenue in downtown Porto Alegre, claiming ten lives. The Rio Grande do Sul Military Fire Brigade responded swiftly with five trucks to combat the blaze in the three-story building, ultimately extinguishing the flames. Lieutenant Colonel Lúcio Junes da Silva ..read more

São Paulo prepares for a weekend of art and music, readying its streets for a burst of rhythm and color. A Cor do Som kicks off the weekend on Friday with "Beleza Pura" and "Zanzibar" at a local spot. Metal fans will converge outdoors for Summer Breeze Open Air Brasil, enjoying global heavy riffs. Mel ..read more