«The Rio Times»

In the first half of 2024, Chile’s state-owned Codelco faced an 8.4% production drop, totaling 579,785 metric tons. This period saw the company’s lowest monthly output in three years. Contributing factors included a fatal accident at Radomiro Tomic and reduced yields from El Teniente and Ministro Hales mines. Despite these challenges, Codelco’s financial performance strengthened, […]

Petróleos Mexicanos, commonly known as Pemex, reported a steep $13.9 billion loss this second quarter of 2024. This downturn comes as President Andrés Manuel López Obrador’s term approaches its end. The state-run oil giant prepares for a leadership change, making this its last report under the current administration. Just a year ago, under Octavio Romero […]

Usiminas (USIM5) reported a R$100 million ($17.7 million) net loss for Q2 2024, a notable decline from previous periods. Previously, the company enjoyed a profit of R$287 million ($50.8 million) last year and R$36 million ($6.4 million) in the prior quarter. The group attributes this reversal to a worsening operational performance and the real’s depreciation […]

In the constantly evolving global finance landscape, Japan has recently shown a significant development. Investors have been snapping up yen, betting that Japan’s central bank might adjust its monetary approach soon. The climax of this suspense is expected this coming Wednesday. The yen has risen about 5% against the dollar since mid-July, fueled by rumors […]

In Brazil’s bustling economy, a subtle yet significant shift has recently begun within the financial realms of its citizens. From April to May, family indebtedness to financial institutions saw a slight decrease, moving from 47.7% to 47.5%, as reported by the Central Bank. This modest dip reflects a broader national effort to alleviate economic pressures […]

Brazil’s Central Government reported a significant fiscal deficit of R$38.836 billion (US$6.87 billion) in June. This marks a continued economic strain, despite being an improvement from May’s R$60.983 billion (US$10.79 billion) deficit. Analysts had expected a slightly smaller deficit of R$37.7 billion (US$6.67 billion). The figure includes activities from the National Treasury, Social Security, and […]

In June, U.S. inflation dropped to 2.5% annually from May’s 2.6%, according to the Commerce Department’s PCE Index. Concurrently, a modest monthly rise of 0.1% followed a stable previous month. Moreover, the PCE Index, which the Federal Reserve (Fed) closely monitors, mirrors trends seen in the Consumer Price Index (CPI). Earlier in July, the CPI […]

On Thursday in the U.S., Ismael Zambada Garcia, known as ‘El Mayo,’ and Joaquín Guzmán López, the progeny of ‘El Chapo,’ were arrested. Authorities took them into custody when they arrived at a private airport in El Paso, Texas. This development marks a significant blow to the notorious Sinaloa Cartel, one of Mexico’s largest and […]

Mexico’s pursuit of food sovereignty is intensifying under the leadership of President-elect Claudia Sheinbaum. She aims to end the nation’s dependence on genetically modified (GM) corn imports from the U.S. This ambition sets the stage for a challenging legal battle with the United States, spotlighting the complex interplay of health concerns, trade agreements, and national […]

Google DeepMind’s AlphaProof AI has achieved a major milestone by solving International Mathematical Olympiad problems. It secured a score similar to that of a silver medalist. The IMO is the most challenging math competition for high school students globally. Participants strive to solve six intricate problems over two days, with each problem worth up to […]