The majority of the members of the Bank of Mexico decided to increase the reference interest rate by 50 basis points to reach 7%. Four of the five leaders of the financial entity voted for the eighth consecutive increase in the face of escalating pressures, global geopolitical tensions, supply chain…
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Bank of Argentina raises interest rates again

The board of directors of the Central Bank of the Argentine Republic raised the yield of the Liquidity Letters (Leliq) to 28 days, the reference rate in the country for the price of money, by 200 basic points, from 47 % to 49 %, as reported…

United States IPC stopped in April

The consumption price index (CPI) of the United States stopped its ascending path in April at 8.3 % at an interannual rate, two tenths less than in the previous month, when it had registered its greatest reading since December 1981,…

Seven million Venezuelans work independently

Alfredo Padilla, director of the Association of Entrepreneurs and Microentrepreneurs of Venezuela (Atraem), said that 7 million Venezuelans work independently or on their own. The figure is higher than those employed in the sector and in…

Nvidia fined for hiding information about cryptocurrencies

Nvidia Corporation paid a fine valued at 5.5 million dollars to the United States Securities and Exchange Commission (SEC) for not providing information on the impact of crypto mining on its "gaming" business. Cryptocurrency mining is a…

Chile reaches double-digit inflation

The Chilean Consumer Price Index climbed again in April to stand at an interannual rate of 10.5%, according to data released by the National Institute of Statistics (INE). The new increase in the price of products and services was caused…

Venezuelan oil exports drop in April

Venezuela registered an average oil production of 420,000 barrels per day in April, some 410,000 barrels per day less than the goal established by PDVSA, which projected some 830,000 barrels per day of production for last month. According…

Goldman Sachs granted a loan to Coinbase

Cryptocurrency exchange Coinbase recently revealed that it secured special bitcoin-backed funding from Goldman Sachs. The objective of this transaction was generated to strengthen the ties between the world of digital assets and…

US registers record 11 million job openings

The number of unfilled jobs in the United States increased last March to an all-time high of 11.5 million vacancies, up from 11.34 million the previous month and more than three million above 8, 4 million as of March 2021, according to…

GDP decreases and inflation increases in Germany

The German Economy and Climate Minister, Robert Habeck, admitted that the war between Russia and Ukraine is impacting the German economy and pointed out that the new growth projections for the end of 2022 highlight that the GDP will grow…