The soybean market has lost momentum. The market hasn’t been able to trade and close above the key level of $12.00, even with all the bullish news of Chinese demand, tightening stocks, and drought conditions in Brazil.
Brazil's Petrobras said today that more than one in five of its direct employees agreed to leave the company under a buyout program expected to save the financially troubled state-led oil company 33 billion reais ($10.2 billion) by 2020.
A weaker currency gives a tangible boost to exports despite the rise of global supply chains blurring the country of origin of many products, according to research published by the International Monetary Fund on Monday.
Fifteen of the world's largest banks are under investigation for rigging the Brazilian currency, antitrust watchdog Cade said on Thursday, the first such probe in one of the busiest foreign exchange markets globally.