In August, Argentina recorded a surplus of $2.187 billion, according to data from the National Institute of Statistics and Censuses (INDEC), which attributes this result to a period of 33 consecutive months with a positive trade balance.
According to the local agency, this positive balance is the…
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Venezuela’s economic recovery could take between 5 and 10 years
Aldo Contreras, a Venezuelan economist, indicated that the country's economic recovery will require concrete and sustained actions over a period of between 5 and 10 years.
In his opinion, certain conditions are fundamental to moving toward…
Christine Lagarde will lead the ECB until 2027
The president of the European Central Bank (ECB), Christine Lagarde, spoke again about her retirement from leading the regional institution in 2027, although she did not give details about the date of the end of her term, which is expected…
Cyberespionage group linked to China focuses operations on Latin America
New movements by the cybercriminal group “FamousSparrow,” an APT (prolonged and stealthy cyberattack) where an intruder gains access to a network and remains hidden for a period of time to steal data or spy, have been revealed, reported…
Economists warn of conditions for dollarization in Venezuela
During the meeting “Current Economic Issues: Dollarization in Venezuela?”, held at the Andrés Bello Catholic University (UCAB), economists María Antonia Moreno, Tamara Herrera, and Ronald Balza concluded that dollarization in the country…
Honduras adjusts interest rate to 6 %
The Central Bank of Honduras (BCH) adjusted interest rates, which rose from 5.75 % to 6 %. The bank's president, Roberto Lagos, indicated that this is a preventative measure against inflationary pressures.
The adjustment comes in response…
Lorenzo Mendoza asserts private enterprise will lead Venezuela’s new stage
The CEO of Empresas Polar, Lorenzo Mendoza, stated that Venezuela has formally entered a new phase of economic reconstruction in which the private sector and free enterprise will play a leading role, following the exhaustion of the statist…
Venezuela’s labor market faces structural lag
Labor consultant Iván Acosta, director of PGA Group, indicated that Venezuela's current labor market faces a structural lag, primarily due to factors such as low wages, poor working conditions, and inadequate treatment of the workforce.…
World Bank increases support for developing countries
The World Bank has supported developing countries this year with more than $100 billion in private capital, representing an increase of over 60 %.
According to the institution's president, Ajay Banga, traditional donors “do not have the…
Venezuela signs memorandum of understanding with TotalEnergies subsidiary
The Venezuelan state oil company PDVSA signed a memorandum of understanding with TotalEnergies E&P New Ventures, a subsidiary of the French company TotalEnergies, to establish strategic cooperation in the hydrocarbons sector.
The…
Record: Bancamiga opens bank accounts for 15,400 children and teenagers in historic back-to-school…
This Saturday, Bancamiga’s special Kids operation became an unprecedented event, providing banking services to 15,400 children and teenagers across the country, as part of the return to school.
Starting at 9:00 a.m., Bancamiga opened…
The Fed raised rates to 3.75 %-4 % as inflation continues to rise
The US Federal Reserve decided to raise interest rates to the 3.75 %-4 % range in a scenario characterized by high inflation.
This is the Fed's first rate hike since July 2013 and one of the most controversial decisions by the new chairman…