Despite the growth of wind and solar power in Brazil in recent years, more than half of the country’s power supply still comes from hydroelectric plants. This heavy reliance on hydroelectricity makes Brazil susceptible to fluctuations in reservoir levels, especially during the dry season. Aneel, the local power regulator, implements a pricing system consisting of
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Gold prices experienced a significant drop below the $2,500 mark following the release of the US Personal Consumption Expenditures (PCE) report. This development has heightened expectations of a Federal Reserve rate cut in September. The Federal Reserve’s cautious approach to monetary policy easing has created a sense of uncertainty in the markets, with traders now
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In August, the annual rate of services inflation in the Eurozone rose to 4.2%, up from 4.0% in July. This unexpected increase has raised concerns among economists, with some attributing it to a possible “Olympic effect” in France. The Paris Games may have temporarily inflated services costs, adding a new dimension to the economic landscape.
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Chinese President Xi Jinping recently expressed his desire for Washington to find “a right way” to foster positive relations with Beijing. Despite escalating tensions between the two countries over various issues, including trade, finance, and technology, Xi emphasized China’s commitment to a stable and healthy relationship with the United States. During a meeting with U.S.
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Wall Street experienced a surge on Friday, with the Dow reaching a second consecutive all-time closing high. This increase was fueled by positive economic data, leading to expectations of a modest cut in interest rates by the Federal Reserve in September. U.S. consumer spending showed solid growth in July, indicating a strong economy with moderate
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The disclaimers provided on financial websites serve as a crucial reminder for readers to exercise caution and perform their own due diligence before making any financial decisions. While the website may offer general news, analysis, and opinions, it is essential for individuals to conduct their own research and seek advice from qualified professionals before taking
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Warren Buffett, one of the most successful investors of all time, celebrated his 94th birthday with Berkshire Hathaway reaching a $1 trillion market capitalization for the first time. Howard Marks, a close friend of Buffett’s, attributes his unparalleled success to a combination of well-thought-out strategy, discipline, consistency, and unusual insight. Marks emphasizes that without the
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The EUR/USD pair is currently trading near 1.1080 in Friday’s early Asian session. This comes after the US GDP expanded more than expected in Q2, leading to a positive impact on the US Dollar. Meanwhile, cooling inflation from Germany and Spain is supporting the case for an ECB rate cut in September, which could potentially
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China’s recent actions in opening various trade investigations have raised tensions with the European Union. These investigations cover a wide range of industries, from dairy to pork, brandy, and plastic. The move has implications not only for the industries under investigation but also for international trade relations as a whole. The anti-subsidy investigation into imported
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