Brazil - TheIndianSubcontinent

On Thursday, the U.S. dollar experienced a significant increase of over 1%, a reaction to the contentious choice by Brazil's Monetary Policy Committee (COPOM) to decrease the speed of Selic rate cuts.This choice, a close call at 5 votes to 4, was made late Wednesday, lowering the Selic rate by 25 basis indicate an annual rate of 10.50%. This vote

Details: Category: Brazil; Published: 10 May 2024

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The Ibovespa index took a significant hit, closing 1% lower at 128,188.34 points after the Central Bank of Brazil (Copom) trimmed the Selic rate to 10.50% per annum.

The reduction by 0.25 percentage points, down from 10.75%, surprised markets and signaled a cautious approach to monetary easing.

This slight rate cut amplified investor concerns,

Details: Category: Brazil; Published: 10 May 2024

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In 2023, Peru faced a deepening economic strain, evidenced by rising poverty levels and falling real incomes.

Nearly 30% of Peruvians, equating to 9.7 million individuals, lived below the poverty line, marking an increase of 1.5 percentage points from the previous year.

This trend was particularly pronounced in urban areas, where poverty rates

Details: Category: Brazil; Published: 10 May 2024

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In the early months of 2024, witnessed a downturn in its Economic Climate Indicator, signaling a shift in business sentiment.

The National Institute of Statistics (INE) reported a decline from the upbeat trends of late 2023.

However, the current figures still surpass the recent year averages, suggesting a lingering optimism not seen at the start of

Details: Category: Brazil; Published: 10 May 2024

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The Community of Portuguese Language Countries (CPLP) now commands the world’s fourth-largest Exclusive Economic Zone (EEZ), spanning approximately 7.9 million square kilometers.

This massive area is predominantly influenced by Brazil, Portugal, and Cape Verde, which contribute 47%, 22%, and 10% of the territory, respectively.

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Details: Category: Brazil; Published: 10 May 2024

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The Bank of Mexico (Banxico) chose to keep its rates of interest unchanged at 11%, stopping its current relieving cycle. This move aligns with the expectations of numerous analysts surveyed by Citibanamex.Banxico's financial policy committee unanimously selected this course, highlighting the central bank's careful technique to consistent inflation risks, regardless of so