Stock markets in Europe closed this Wednesday (4) higher, with positive data from the purchasing manager’s index (PMI, its acronym in English) from Germany and the euro zone and expanding the gains of the last few days. In London, the FTSE 100 rose 0.41%, to 7,585.19 points, while the CAC 40, in Paris, advanced 2.30%, […]
Suzanne
A journalist with over 7 years of experience in the news industry, currently working at World Stock Market as an author for the Entertainment section and also contributing to the Economics or finance section on a part-time basis. Has a passion for Entertainment and fashion topics, and has put in a lot of research and effort to provide accurate information to readers.
Understand why the recession in Europe may be smaller than expected
European equities are rising for a third consecutive day as investors cheer for signs that inflation, supply chain bottlenecks and natural gas prices are easing. Europe’s Stoxx 600 index rose 1% in Wednesday’s trade and is now up 3.3% since markets opened 2023 trading on Monday. Germany’s DAX rose 1.8% on Wednesday, while France’s CAC […]
Taxes paid by Brazilians in 2022 exceed BRL 2.8 trillion
Taxes paid by Brazilian taxpayers across the country in 2022 totaled BRL 2,890,489,835,290.32, according to the Impostômetro, a panel installed by the Commercial Association of São Paulo (ACSP) in the central region of the capital of São Paulo. In 2021, the same panel recorded approximately BRL 2.6 trillion, an increase of 11.5% from one year […]
Electric car sales grow 40% in Brazil in 2022, according to association
The electrified light vehicle market in Brazil enters 2023 with a record: sales in 2022 reached 49,245 vehicles, according to the Brazilian Association of Electric Vehicles (ABVE). The number is 40% higher than that recorded in 2021 of 34,990 cars. ABVE’s goal was to sell 50,000 cars last year. The electric and hybrid fleet in […]
Tokyo government is paying families to leave the city
Japan is offering to pay families to move out of its overcrowded capital in an effort to revitalize inner cities and boost a slumping birth rate. Starting in April, families in the Tokyo metropolitan area, including those headed by single parents, will be able to receive 1 million yen (US$7,700) per child if they move […]
Brazil can double corn exports in January and soybeans should retreat, says Anec
Brazil should export 4.33 million tons of corn in January, almost double the volume of 2.2 million tons in the same month of 2022, while tending to reduce foreign sales of soybeans in the period, it said on Wednesday. (4) the National Association of Grain Exporters (Anec). The strong performance of corn comes after record […]
Petrobras shares close higher after Prates denies intervention
Petrobras shares, which fell more than 1% earlier, after the resignation of Caio Paes de Andrade as president of the company, advanced this afternoon. Preferences (PN) appreciated by 3.18% and common (ON) by 1.67%. The government nominee to head the state-owned company, Jean-Paul Prates, said this Wednesday, during Geraldo Alckmin’s inauguration ceremony at the Ministry […]
Petrobras shares fall more than 1% after Caio Paes de Andrade resigns as CEO
Petrobras shares fell more than 1% this Wednesday (4), after the resignation of Caio Paes de Andrade as president of the company. The state-owned shares had a fall of 1.32% at 12:20 pm (BrasÃlia time), in yet another trading session of losses for the company. With the early departure of Caio Paes de Andrade, executive […]
US manufacturing sector contracts in December and prices fall, shows ISM
US manufacturing contracted further in December, but weakening demand amid higher borrowing costs sent a measure of prices paid by factories for inputs to the lowest level in more than two and a half years, signaling that disinflation of goods is in progress. The Institute of Supply Management (ISM) said on Wednesday its manufacturing PMI […]
OPEC output rises despite output target cuts
OPEC oil production rose in December, a Reuters poll found on Wednesday, despite a deal by the broader OPEC+ group to cut production targets and support the market. The Organization of Petroleum Exporting Countries (OPEC) produced 29 million barrels per day (bpd) last month, according to the survey, an increase of 120,000 bpd from November. […]
