Oil prices rose about 3% on Monday as OPEC+ members agreed to a small production cut of 100,000 barrels a day to bolster prices. Brent crude futures for November delivery closed up $2.72 to $95.74 a barrel, a gain of 2.92%. Prices rose by nearly $4 at the start of the session but were tamed […]
Sophia
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
Deal with BNDES could bring debt/GDP to lowest value since 2020, say analysts
The agreement between the federal government and the National Bank for Economic and Social Development (BNDES ) for the bank to return BRL 90 billion to the National Treasury should lead to a reduction of about 1 percentage point in the ratio between public debt and Gross Domestic Product (GDP ), with chances of being […]
Chile stock market jumps and currency falters after rejection of proposal for new constitution
Chile’s stock market rose sharply in the late afternoon, while the peso struggled to find direction on Monday, after voters rejected a new constitution deemed progressive. The Andean nation’s main stock index soared 6.37% at the best of times to an all-time high before trimming some gains, while the currency depreciated 0.3% after jumping more […]
Corrugated cardboard shipment sets new record in July, says association
The shipment of corrugated cardboard boxes, accessories and sheets reached 355.686 thousand tons in July, up 1.05% in comparison with the same period last year and 4.29% in comparison with June this year, according to a survey by the Brazilian Association of Paper Packaging (Empapel). This is the highest volume shipped for the months of […]
Brazilian chicken export revenue hits record US$ 922.1 million in August
Chicken meat exports from Brazil totaled record revenue of US$ 922.1 million in August, a figure that exceeds by 36.1% the revenue obtained in the same month of last year, amid increased demand and high prices, said this Monday the Brazilian Association of Animal Protein (ABPA). In terms of volume, shipments –which consider fresh and […]
EU should promote comprehensive reforms to its tax structure, recommends IMF
The International Monetary Fund (IMF) recommends that the European Union (EU) promote an urgent and comprehensive reform of the fiscal structure, with the aim of increasing the bloc’s resilience to economic shocks in the face of rising interest rates. In a report released this Monday (5), the IMF argues that the EU should create rules […]
Natural gas prices rise as Europe’s energy crisis worsens
Europe’s energy crisis is deepening as Russia further limits natural gas exports, forcing governments to spend billions to protect businesses and consumers from rising bills as the region slides into recession. European natural gas benchmark prices rose 28% on Monday morning, reaching 274 euros ($272) per megawatt hour – the first day of trading after […]
Evergrande’s Hong Kong liquidation petition postponed to November 7
Hong Kong’s Supreme Court on Monday approved a request by China Evergrande and its main offshore credit group to postpone a liquidation request against the group to November 7. An online real estate and auto investor from Evergrande’s unit Fangchebao (FCB) filed the petition in Hong Kong in June because the developer failed to honor […]
Rejection of new constitution in Chile was good for economy, says expert
The Chilean population rejected the proposal for a new Constitution, in a referendum this Sunday (4), with 61.86% of voters against the text presented by the Constitutional Convention. According to economist Carlos Herrera, from Condor Insider, the “reject” option having prevailed was “the best news that Chile has had in the last three years”. “The […]
Sales at malls rise 14.1% in July year on year, says Abrasce
Sales at malls in the country in July rose 14.1% compared to the same month last year and grew 17% compared to July 2019 (pre-pandemic period). The data were released this Monday, 5th, by the Brazilian Association of Shopping Centers (Abrasce). The survey showed expansion of sales cells in all regions in the annual comparison: […]
