Tag Archives: Brazil

Since mid-April 2024, the global oil market has been in a tug of war mode, with remarkable fluctuations, as prices continued to swing and reacted to upward and downward pressures. In order to understand this volatility, it is essential to refer to reliable data and stay informed on global developments …

The majority of analysts interpret Angola’s recent withdrawal from OPEC as a hint that further Chinese investment is welcome. As part of a strengthening of long-standing relations, Beijing may be able to invest more in Angola’s oil and other sectors as a result of the country’s decision to exit OPEC. …

Financial markets are now focused on the beginning of the three-day BRICS meeting in South Africa. To begin the three-day BRICS summit, leaders and senior officials from five of the largest rising economies in the world met in Johannesburg on Tuesday. Brazil, Russia, India, China, and South Africa make up …

Governor of the Central Bank of Brazil, Roberto Campos Neto, said on Friday that he is closely monitoring the increasing electricity prices with the largest economy in Latin America suffering from the worst drought in decades, Reuters reported. High energy prices are contributing to the increasing inflationary pressures, which are …

The Brazilian economy contracted during the second quarter of the year, official data by IBGE showed on Wednesday. A second wave of the pandemic seems to have negatively impacted demand recovery in Latin America’s biggest economy. Brazil’s gross domestic product (GDP) declined by 0.1% on a quarterly basis against market …

The producer price index (PPI) in Brazil increased last month to its highest level on record, as the biggest economy in Latin America continues to struggle with the impact of the Coronavirus pandemic. Producer prices rose by 5.2% on a monthly basis and by 28.6% on an annual basis, reaching …

Retail sales in Brazil declined in January, for the third consecutive month, by 0.2%, data showed on Friday. The decline follows a 6.2% drop in retail sales in December, which was the second biggest on record, according to Reuters. Declining retail sales were attributed to a weaker performance by the …

The inflation rate in Brazil exceeded 5% last month for the very first time in more than four years, as shown by official data on Thursday. Annual consumer inflation rose by 5.20% in February, its highest level since January 2017. The inflation rate exceeded market expectations of registering about 5.06%. …

Industrial output in Brazil continued to expand during January for the ninth consecutive month, despite a slowdown as the economy is still recovering from the Coronavirus pandemic. Industrial production increased by 0.4% in January on a monthly basis and by 2% year-on-year, data by IBGE showed on Friday. Food production …

The producer price index (PPI) in Brazil registered its second highest increase on record since 2014, according to official data by IBGE released on Tuesday. The PPI increased by 3.36% in January compared with its level in December 2020. It is worth noting that the highest level for the index …