Interest rates will remain in the 4.25 % to 4.5 % range for the coming months, Federal Reserve Chairman Jerome Powell announced last week.
The decision was made on Wednesday, June 18, in anticipation of a possible spike in inflation for the rest of the year.
Powell defended the Fed's position,…
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Banks will be closed on Monday, June 23rd and Tuesday, June 24th
Bank branches in Venezuela will not provide teller service on Monday, June 23rd and Tuesday, June 24th, due to the Corpus Christi religious holiday and the Battle of Carabobo national holiday, respectively.
According to the Superintendency…
China’s industrial sector reported expansion in May
Reports for May in China's industrial sector indicate sustained growth, driven by innovation. According to data for last month, "China's value-added industrial output grew 5.8 percent year-on-year."
In the manufacturing sector, value-added…
Brazil keeps economic growth
Brazil, Latin America's largest economy, maintained its economic growth of 0.4 % during April, leveraged by the services sector.
However, the growth rate slowed to 0.2 % according to Central Bank reports and IMF projections.
The BCB…
Results of negotiations between Ecuador and the US on tariffs will be revealed on July 1
Ecuador and the United States will hold the third round of negotiations on the 10 % tariff on Ecuador's exports on June 28. According to Ecuadorian Vice Minister of Foreign Trade, Andrés Robalino, the results will be announced on July 1.…
Tension in the Middle East causes rising of oil prices
Conflicts in the Middle East have always influenced oil prices. The current crisis in the region is no exception, and the increase in the price of a barrel of crude oil has a positive impact on the Venezuelan economy.
Expert opinions…
Meta AI App on Instagram fails and exposes private chats
A flaw in the Meta AI app on Instagram left dozens of private conversations exposed in the feed without users' consent.
The issue affects users once they log into Instagram, interact with the chatbot, and use the "share" button next to the…
Ecuador has detected $600 million in money laundering in 2025
The director of Ecuador's Financial and Economic Analysis Unit (UAFE), José Neira, stated this Wednesday that the agency has detected approximately $600 million in alleged money laundering cases so far this year.
According to Neira, "these…
Banks will remain closed on Monday, June 16
Bank branches in Venezuela will not be open to the public next Monday, June 16, as they will remain closed in observance of the religious holiday of Saint Anthony's Day, which is celebrated today, Friday the 13th.
The Superintendency of…
Latin America advances inventory stockpiling in response to Trump’s tariffs
The extension for the tariffs imposed by Donald Trump is about to expire, and Latin American countries are advancing inventory stockpiling as a measure to mitigate the effect of this measure.
The United States tariffs are expected to have…
OVF: Annualized inflation in May reached 229 %
The monthly inflation rate in Venezuela stood at 26 % last May, according to the Venezuelan Finance Observatory report. In April, the Venezuelan Finance Observatory placed this indicator at 18.4 %.
According to the independent entity, the…
ESET Security Day raised awareness about the sophistication of cybercrime
The 14th edition of the ESET Security Day Venezuela event took place on Thursday, June 5th. Representatives from this company (a global leader in cybersecurity) participated, addressing various aspects of the conference's central theme:…