Brazilian real is 19% weaker than it should be and will likely remain so – FGV economist

RT Staff Reporters
-
0
Brazilian real is 19% weaker than it should be and will likely remain so – FGV economist

RIO DE JANEIRO, BRAZIL - The Brazilian real (R$) is undervalued by about 19% when measured against fundamentals. By the end of the year, the currency could show another large negative divergence as fears about fiscal policy revive, says Emerson Marçal, coordinator of the Center for Applied Macroeconomics at the FGV School of Economics in São Paulo (FGV EESP).

The data from the latest study referred to the end of June and were made available after a lag of up to two months from primary sources. The calculation is made for the actual effective exchange rate. At the end . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Subscribe

Rio de Janeiro state plans to resume tourism safely

RT Staff Reporters
-
0
Rio de Janeiro state plans to resume tourism safely

RIO DE JANEIRO, BRAZIL - Rio de Janeiro Governor Claudio Castro yesterday, August 3, met with the federal Ministers of Health Marcelo Queiroga, and Tourism Gilson Machado Neto to discuss vaccination against Covid-19 and the resumption of tourism in the state of Rio de Janeiro.

Queiroga pointed out that the state is strictly complying with the National Vaccination Plan (PNI).

"Fortunately we are in a more positive scenario, but we cannot fail to take all precautions. We are working to fast-track our immunization campaign and the expansion of our testing capacity. In addition, the governor has already requested extra . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Subscribe

Mexico’s president proposes new Latin American order

Latin America News
-
0
Mexico’s president proposes new Latin American order

RIO DE JANEIRO, BRAZIL - It has taken almost 3 years in office, but Andrés Manuel López Obrador has finally addressed Latin America.

"The proposal is nothing less than to build something similar to the European Union, but attached to our history, our reality and our identities. In this spirit, replacing the OAS with a truly autonomous body, not anyone's lackey, should not be ruled out," the Mexican president said on July 24 on Simón Bolívar's birthday, concurrent with the meeting of the Community of Latin American and Caribbean States (CELAC) foreign ministers, at which . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Subscribe

Nicaraguan opposition CxL party denounces arrest of its candidate for Vice President

Latin America News
-
0
Nicaraguan opposition CxL party denounces arrest of its candidate for Vice President

RIO DE JANEIRO, BRAZIL - The opposition Citizens' Alliance for Liberty (CxL) denounced Wednesday (4) the arrest and disqualification of its candidate for Vice President of Nicaragua, former beauty queen Berenice Quezada, amid a wave of arrests against political leaders just three months before the elections, in which President Daniel Ortega will seek another reelection.

Quezada, Miss Nicaragua 2017 and whose candidacy had been officially registered on Monday, "was notified at her home by the judicial authorities and the Public Prosecutor's Office, accompanied by the Police, that she was from that moment under house arrest, without access to telephone communication . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Subscribe

Interview: Florencia Núñez, the artist who “wants to sing” to Uruguay’s picturesque landscape

Latin America News
-
0
Interview: Florencia Núñez, the artist who “wants to sing” to Uruguay’s picturesque landscape

RIO DE JANEIRO, BRAZIL - Picturesque villages half-buried in huge dunes, palm trees along the road leading to southern Brazil, or fishermen fishing by the light of lanterns in the lagoon and the ocean, are typical images of Rocha, one of the most beautiful and most visited Uruguayan destinations by national and foreign tourists.

That horizon is also forged by the sensory memory of its people, who remember the music and poems they grew up with and which are hardly known in the rest of the country, much less by those who visit the department (province) from outside Uruguay.

Read . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Subscribe

Peruvian markets worried about Castillo government’s flirtation with radical left

Latin America News
-
0
Peruvian markets worried about Castillo government’s flirtation with radical left

RIO DE JANEIRO, BRAZIL - One week after the inauguration of Peru's new president, socialist Pedro Castillo, doubts persist about a possible radical direction his government may take. This has generated concern in the private sector, according to reports from analysts and banking sector sources.

The most recent report by risk analysis firm Eurasia Group explains that "there are no guarantees that Castillo will distance himself from the more radical arm of his party [Peru Libre] and opt for a more moderate policy agenda," not even with the appointment of Pedro Francke as Finance Minister.

Read also: Subscribe to our Premium Membership Plan. Already Subscribed?

Subscribe

Brazil manufacturing index hits nine-month high – IHS Markit

RT Staff Reporters
-
0
Brazil manufacturing index hits nine-month high – IHS Markit

RIO DE JANEIRO, BRAZIL - Brazil's Consolidated Manufacturing PMI rose from 54.6 in June to 55.2 in July, the strongest expansion rate in nine months, with faster rates of increase in the manufacturing and services sectors, IHS Markit reported.

According to the consultancy, the easing of some local restrictions against Covid-19 stimulated demand for Brazilian products and services in July, strengthening output growth.

New orders received by private sector companies also rose at the fastest pace since October last year. The fastest rise was seen in manufacturing, although growth also accelerated in the services economy.

At 54 . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Subscribe

QETH11, first ETF with 100% exposure to Ethereum in Brazil, debuts on São Paulo’s B3 exchange

RT Staff Reporters
-
0
QETH11, first ETF with 100% exposure to Ethereum in Brazil, debuts on São Paulo’s B3 exchange

RIO DE JANEIRO, BRAZIL - The new exchange-traded fund (ETF) is managed by QR Asset Management, the manager of QR Capital holding company.

QETH11 is the first Brazilian fund with full exposure to the Ethereum token, one of the crypto market's leading networks for the development of protocols, assets and services.

ETFs are traded on the stock exchange as if they were the shares of a company and help investors who, in the case of the crypto market, lack the technical knowledge to open an account in a brokerage house, create a digital wallet or constantly follow this market . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Subscribe

Amazon.com launches 1-day delivery in 50 cities in Brazil

Richard Mann
-
0
Amazon.com launches 1-day delivery in 50 cities in Brazil

RIO DE JANEIRO, BRAZIL - Amazon announced on Wednesday, August 4, that it will offer Prime service subscribers in Brazil the option to have products delivered within one business day. The service is available in more than 50 cities, said a company executive.

The announcement comes amid fierce competition, with rivals such as Mercado Livre, Magazine Luiza, and Americanas all investing heavily to increase delivery speed and win customers.

The initiative already exists for Prime subscribers in markets in the United States, Canada, and the United Kingdom, and comes two years after Prime was launched in Brazil.

Previously, Prime users in . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Subscribe

Brazil’s services output grows at fastest pace in over 8 years in July – IHS survey

Richard Mann
-
0
Brazil’s services output grows at fastest pace in over 8 years in July – IHS survey

RIO DE JANEIRO, BRAZIL - A strong rebound in new business volumes led Brazil's services output to post its biggest gain since early 2013, with the sector maintaining its growth trajectory in July, according to the Purchasing Managers' Index (PMI).

According to data released Wednesday by IHS Markit, the services PMI rose to 54.4 in July from 53.9 in June, marking the second consecutive increase in output and the fastest in eight and a half years. A reading above 50 indicates expansion.

Survey respondents said the upswing was due to attracting new customers, stronger demand, and lifting some . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Subscribe

1...2,4142,4152,416...5,414Page 2,415 of 5,414