Vale reaches $1.8 billion railway concessions deal
The company reached an agreement with local authorities to pay up to some 11 billion reais to renegotiate two railway concession contracts.
Visual Capitalist’s latest infographic explains that measuring market data with fiat currencies can be misleading.
An asset may rise in dollars, euro or yen, but if the currency in question has declined in value over time, then true economic progress may be just an illusion.
Have a look:
