Japan announced on Wednesday, August 26, a plan to diversify its crude oil sources in order to reduce its dependence on the Strait of Hormuz. The plan includes working with Middle Eastern countries to build pipelines.
According to the Nikkei business daily, "the energy measures include subsidies…
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Bancamiga connects Amazonas to the financial future
To promote banking services in Puerto Ayacucho, Amazonas state, Bancamiga carried out an operation that integrated 477 transportation workers into the financial system, consolidating significant progress in financial inclusion and the…
European gas reserves at their lowest level in years
Recent data from Gas Infrastructure Europe shows the continent is facing its lowest gas reserve levels, raising concerns about replenishing inventories for the winter.
The European Union has two crucial periods for gas supply each year:…
ECLAC projects regional growth of 2.2 % this year and 2.5 % in 2027
The recent annual report of the Economic Commission for Latin America and the Caribbean (ECLAC), "Economic Survey of Latin America and the Caribbean 2026. Growth and productivity in a context of high informality: limitations and challenges…
Power rationing affects business activity in Venezuela
The Venezuelan government decided to implement power outages due to the effects of the Super Niño phenomenon. Business owners indicate that the measure is generating losses in the millions and decreasing production, so they are demanding…
BCV to inject between $1.2 billion and $1.8 billion into the exchange market through December
Economists Hermes Pérez and Luis Crespo estimate that the Central Bank of Venezuela (BCV) will inject between $1.2 billion and $1.8 billion into the market through December.
They indicated that "the decision regarding the amount of…
Central Bank of Ecuador reports 2 % economic growth in June
The Central Bank of Ecuador's (BCE) recent report on economic growth placed the indicator at 2 % for the month of June, with the main contributions coming from the services (2.6 %), manufacturing (3.8 %), construction (3.4 %), and trade…
Bancamiga consolidates growth driven by foreign currency deposits
At the close of July 2016, a monthly increase of 11.09 % was observed, reaching 264,034 million bolivars (US$353.5 million).
This result makes Bancamiga the bank with the highest relative monthly growth among large banks and second…
US companies and citizens exempt from reporting beneficial owners
A new rule approved on August 14 by the US Treasury Department permanently exempts US companies and citizens from reporting beneficial ownership, as required by the Corporate Transparency Act.
The measure, which also includes the deletion…
US sovereign debt surpasses $40 trillion
The US economy is facing a setback as a result of decisions made since 2015 by President Donald Trump, the Supreme Court's ruling that the president's tariff collection was illegal, and federal government spending that exceeds revenue by $2…
Argentina produces 33 % more crude oil under Javier Milei’s administration
Argentina is currently in a strong position in the oil production arena, with a daily increase of 32.6 % since 2023, when Javier Milei assumed the presidency.
"In addition to the slowdown in inflation and the reduction of poverty, there is…
Cost of the basic food basket in July exceeded 516,000 bolivars
The Center for Documentation and Social Analysis of the Venezuelan Federation of Teachers (Cendas-FVM) reported that the cost of the basic food basket for families exceeded 516,000 bolivars in July.
According to the agency's data, the…