-
2 days ago | 
invezz.com | Noris Soto
Kimberly-Clark announced Thursday that it has reached an agreement with Brazilian pulp manufacturer Suzano to sell a controlling stake in its worldwide tissue business, valuing it at $3.4 billion. According to Reuters, the purchase, which would result in a new joint venture, represents a significant step in the consumer products company’s ongoing effort to streamline operations and focus on higher-margin industries.
-
3 days ago | 
invezz.com | Noris Soto
The Bank of Canada (BoC) left its key interest rate constant at 2.75% on Wednesday, pausing for the second time in a row as officials assess the impact of intensifying US trade moves on the Canadian economy. Governor Tiff Macklem said the central bank is actively watching inflation and growth amid uncertainty caused by the United States’ trade policy moves.
-
3 days ago | 
invezz.com | Noris Soto
Mexico will announce new measures next week if no agreement is reached regarding the recently increased tariffs on steel and aluminum, President Claudia Sheinbaum said Wednesday. The announcement comes on the heels of steel and aluminum duties the United States announced would dramatically increase the amount of metals imported from Mexico, which then further aggravated the trade dispute between the North American countries.
-
4 days ago | 
invezz.com | Noris Soto
According to a new research released Tuesday by the Organisation for Economic Cooperation and Development (OECD), the global economy is likely to slow in the coming two years. The OECD expects global GDP growth to slow from 3.3 per cent in 2024 to 2.9 per cent in both 2025 and 2026, indicating a more “challenging” outlook due to increased risks and ongoing global uncertainties.
-
4 days ago | 
invezz.com | Noris Soto
Venezuela’s oil exports remained relatively steady in May, as increased shipments to China offset falling deliveries to US-backed partners, according to vessel-tracking data and internal documents for state oil company PDVSA. In total last month, 30 vessels sailed from Venezuelan ports, with an average daily load of 779,000 barrels per day (bpd) of crude and refined products, according to Reuters. Oil byproducts and petrochemicals, amounting to 291,000 metric tons, were shipped abroad.
-
5 days ago | 
invezz.com | Noris Soto
Brazil’s Cemig (Companhia Energética de Minas Gerais), a major electricity provider, is on a solid rising trend, backed by consistent purchase pressure until 2025. According to local media outlet InfoMoney, following a brief pullback after reaching a record high of R$11.45 at the end of 2024, the stock fell to R$9.22 earlier this year. From this low, the asset has demonstrated remarkable resiliency, rising 5.33% in May—its second consecutive positive month—and gaining 5.41% year to date.
-
5 days ago | 
invezz.com | Noris Soto
The Bank of Canada is expected to hold its benchmark interest rate steady at 2.75% on Wednesday, after growth in the first quarter turned out stronger than many anticipated, reducing the urgency for monetary easing. At least 75% of economists forecast the central bank to keep its rates steady this week, a Reuters poll of 26 showed, in line with the market’s forecast. The economy expanded at an annualised 2.2% in Q1, beating previous estimates.
-
5 days ago | 
invezz.com | Noris Soto
Following tighter US sanctions and a significant drop in oil revenue, Venezuela’s government is increasing taxes and public service fees on the private sector in an attempt to alleviate some of the fiscal pressure. According to Reuters, economists and concerned business leaders say that this policy change will make things tougher for companies already struggling in a tough economic environment.
-
1 week ago | 
invezz.com | Noris Soto
Latin America’s crypto scene continues to evolve, with new products and regional expansions highlighting its rapid growth. This week’s most notable news is that a judge in Cali, Colombia, has issued an arrest warrant for Juan José Benavides Velasco, the alleged mastermind of the Daily Cop operation, and has requested a red alert from Interpol to launch a worldwide manhunt. On the other hand, Guatemala is moving forward to regulate crypto activities in the country as the sector rapidly expands.
-
1 week ago | 
invezz.com | Noris Soto
The Canadian economy increased at an annualised pace of 2.2% in the first quarter of 2025, according to Statistics Canada data released Friday. The amount greatly exceeded the 1.5% consensus estimate forecast by experts and matched the revised rate of growth reported in the fourth quarter of 2024. Along with the first-quarter figures, Statistics Canada reduced its fourth-quarter 2024 growth figure from 2.6% to 2.1%.
