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Total Gets Offers for Potential Sale of Argentina Shale Oil Assets

Total Gets Offers for Potential Sale of Argentina Shale Oil Assets

Bloomberg21 hours ago

France's TotalEnergies SE is in talks with at least two suitors who have submitted bids for its shale oil assets in Argentina, according to people familiar with the matter.
Progress with the divestment comes after Chief Executive Officer Patrick Pouyanne said earlier this year that he'd be willing to offload stakes in the fields at the right price.

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What Being Wealthy Means In Brazil
What Being Wealthy Means In Brazil

Forbes

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What Being Wealthy Means In Brazil

Rio de Janeiro, Brazil, and Christ the Redeemer at sunrise. getty Who wouldn't want to head to a place that Lonely Planet describes as "one of the world's most captivating places.... a country of powdery white-sand beaches, verdant rainforests and wild, rhythm-filled metropolises"? But what does being wealthy in Brazil mean? From average salaries and cost of living to net worth and visa options for digital nomads, understanding Brazil's economic landscape can help you decide if this South American colossus is the right place for your next adventure. From the Amazon rainforest to the iconic beaches of Rio de Janeiro, Brazil offers a kaleidoscope of experiences—including one of the modern world's wonders, Christ the Redeemer, an Art Deco statue of Jesus designed by French-Polish sculptor Paul Landowski. What's more, from João Gilberto and Gilberto Gil to the bossa nova and from the modernist painter Tarsila do Amaral to street artists Otavio Pandolfo and Gustavo Pandolfo, Brazil's culture is as vast as its landscapes and regions. According to the Organisation for Economic Co-operation and Development (OECD), the average household net-adjusted disposable income per capita in Brazil is approximately $12,924 per year. This is significantly lower than the OECD average of $30,490 and far below the U.S. average of $51,147. However, income inequality remains a significant challenge, and salaries can vary significantly between regions. Since January 1, 2025, Brazil's minimum wage has been R$ 1,518 per month, which translates to approximately $274 per month today, highlighting the significant difference between those earning the minimum wage and the average. Being Wealthy In Brazil—Brazil's Cost Of Living As the fifth-largest country in the world, after Russia, China, Canada, and the U.S., and because the country occupies half the landmass of the continental South American region, Brazil's economy is the largest in South America. It is the world's largest exporter of soybeans, raw sugar, and coffee, but its wealth distribution is highly concentrated. As a consequence, Brazil has the highest income inequality in the region, with average wealth falling near the middle of the pack. The cost of living in Brazil is relatively low compared to the United States, but it varies significantly depending on the city. According to Numbeo, the monthly living costs in Brazil are much lower than in the U.S., the U.K., or many countries across Europe. The cost for a single person per month, not including rent, is as follows: Switzerland: $1,659 France: $1,200 U.S.: $1,166 Germany: $1,139 Ireland: $1,112 U.K.: $1,095 Canada: $1023 Japan: $927 Italy: $905 Latvia: $874 Greece: $832 Malta: $801 Spain: $731 Thailand: $650 Mexico: $637 Portugal: $592 Philippines: $573 Brazil: $466 In comparison, the cost of living in Brazil is roughly half that of the U.K., and when rent is considered, the cost of living is even lower. Rent is approximately 75% less in Brazil than it is in the U.K. Comparing Brazil to the U.S., everything is more expensive in the U.S.—the cost of living is 127% and rent 177% higher. Rent can be up to 400% higher than in parts of Brazil; restaurants are 175% higher, and groceries are 146% more expensive than in the U.S. Being Wealthy In Brazil—The Top 10% And Average Net Worth In Brazil, the household net wealth is considerably lower than the OECD average of $323,960. 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Being Wealthy In Brazil—Getting A Golden Visa Or A Digital Nomad Visa Since 2022, Brazil has offered a visa for digital nomads, requiring freelancers to earn at least $1,500 per month to qualify or prove that they have at least $18,000 in a bank account. It is valid for one year and can be renewed once. They must be working for a foreign employer (with a work contract) or own a company with clients based abroad. For those with a high net worth seeking a more permanent solution, Brazil offers a visa for individuals who invest a minimum of $140,000 in property or businesses in various regions around the country. Brazil's golden visa grants temporary residence with a path to nationality within four years, allows dual citizenship, and requires holders to spend 14 days in the country every two years. Please note that as of April 2025, Brazil has reinstated the visa requirement for all U.S. visitors, regardless of the duration of their stay—an e-visa is also available. 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Corn Bouncing on Friday AM Trade
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Corn Bouncing on Friday AM Trade

Corn prices are showing 4 to 5 ¼ cent stronger trade on Friday morning. Futures closed out the Thursday session with contracts fractionally to 2 cents lower. Thursday's preliminary open interest was down 21,077 contracts overall, as 49,825 were leaving July ahead of Monday's first notice day. The rest of the board was up 28,748 overall. The front month CmdtyView national average Cash Corn price was down 1 1/4 cents at $3.86 1/4. Export Sales data from Thursday morning showed 741,226 MT of old crop corn sold in the week of June 19. That was the lowest since the first week of 2025, but still 36.7% above the same week last year. Colombia was the top buyer of 191,000 MT, with 178,900 MT sold to Japan. Sales for 2025/26 were 305,506 MT, a 6-week high. Mexico was the lead buyer of 138,500 MT, with 124,000 MT to unknown destinations. Coffee Prices Move Higher as the Dollar Falls Coffee Prices Rally as the Dollar Falls Cocoa Prices Jump as Ghana Cuts its Cocoa Production Forecast Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Brazil's corn crop estimate was raised by 1.3 MMT according to Datagro to 134 MMT, as the second crop was pegged at 108.5 MMT. The Buenos Aires Grains Exchange estimates the Argentina corn crop at 55% harvested. The International Grains Council trimmed their world production estimate by 1 MMT to 1.276 billion MT, with consumption up 1 MMT. Their carryout estimate for world corn was down 2 MMT to 282 MMT. Jul 25 Corn closed at $4.09 1/2, down 3/4 cent, currently up 4 3/4 cents Nearby Cash was $3.86 1/4, down 1 1/4 cents, Sep 25 Corn closed at $4.04, down 1 cent, currently up 5 1/4 cents Dec 25 Corn closed at $4.21, down 1 1/2 cents, currently up 5 cents New Crop Cash was $3.78, down 1 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Connectez-vous pour accéder à votre portefeuille

Should You Buy Pembina Pipeline While it's Below $60?
Should You Buy Pembina Pipeline While it's Below $60?

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timean hour ago

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Should You Buy Pembina Pipeline While it's Below $60?

Written by Chris MacDonald at The Motley Fool Canada Pembina Pipeline (TSX:PPL) is among the top pipeline stocks I don't think gets enough love. There are reasons for this, with other prominent players in the energy infrastructure space generally taking up significant mind share for investors, and for good reason. That said, I think Pembina is an intriguing stock trading around 15% below the company's all-time high of roughly $60 per share. Let's dive into what to make of this stock at current levels and whether Pembina is worth adding as a long-term hold right now. Pembina is among the leading Canada-based pipeline companies providing extensive exposure to the energy sector in a much less volatile fashion than many energy producers. With a robust and integrated network of pipelines, export terminals and processing facilities, Pembina stands as a top option in this space for investors seeking defensive exposure in this market. That said, the company's fundamentals really stand out to me as a key reason why this is a stock that ought to be considered. In the company's first quarter, Pembina reported strong revenue and earnings growth, with top-line revenue rising a whopping 58%. The pipeline giant's earnings per share rose nearly 10% on this report, as Pembina's profitability and efficiency initiatives also flowed through to the bottom line. Yes, I would like to see more bottom-line growth from Pembina over time. But with this earnings surge, the company's dividend yield of 5.6% looks much more stable, and should position long-term investors well for whatever environment is ahead. Of course, I'm always on the lookout for stocks that have been unfairly beaten up. I don't think that's the case with Pembina at this juncture, considering the stock is pretty close to trading near its all-time high. That said, at this discount to Pembina's previous high, I can certainly see a strong case for why investors may want to consider this energy infrastructure play. In my books, Pembina is a top pipeline operator worth considering for those looking for more defensive dividend stocks in this environment. The post Should You Buy Pembina Pipeline While it's Below $60? appeared first on The Motley Fool Canada. Before you buy stock in Pembina Pipeline, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Pembina Pipeline wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool recommends Pembina Pipeline. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio

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