The mission of the International Monetary Fund (IMF) to negotiate a new Facility program with Argentina, which includes 10-year maturities of some 45,000 million dollars of debt from the South American country to the Fund, will conclude this Friday.
After 10 days of meetings, the mission led by the…
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debt
Exxon Mobil faces heavy losses
The crisis that has been dragging the oil company Exxon Mobil since 2013 worsens and reaches losses, during the third quarter of 2020, of about 680 million dollars.
As if this were not enough, the oil company has laid off a high percentage…
Angela Merkel stresses the importance of investments in new technologies
German Chancellor Angela Merkel highlighted in a short video message on the occasion of the celebration of Industry Day, the importance of investing in cutting-edge technologies. She acknowledged that it is not only about quickly returning…
António Guterres asked to reinvent economies and create a new social contract
During the opening session of the high-level debate of the UN General Assembly, Secretary General António Guterres made a comparison between the events that surrounded the creation of the organization 75 years ago and those that humanity is…
UK debt exceeds 2 billion pounds
The UK public debt climbed last July to £ 2,004 trillion, exceeding this threshold for the first time and raising the debt-to-GDP ratio to 100.5%, the first time it exceeded the 100% threshold from fiscal year 1960-61, according to the…
Airbnb announces layoff of 25% of its workforce
Airbnb, a leading company in various areas of the tourism sector, has been strongly affected by quarantine due to the coronavirus pandemic. Its income has decreased to the point of making the dramatic decision to fire some of its staff. The…
Argentina promises debt restructuring with bonds
Just 48 hours after the health crisis was decreed, Prime Minister Elyes Fakhfakh announced a package of measures worth 800 million euros to alleviate this situation, all backed by the International Monetary Fund.
This international…
AT&T will sell non-strategic assets to pay debts
The US telecommunications operator AT&T intends to obtain between 5,000 and 10,000 million dollars through divestitures in non-strategic assets in the framework of a three-year program to increase the profitability of the company, which…
China strengthen influence through panda bonds market
Countries use the mechanism of bond issuance when they require loans or financing. Some examples are "bulldog" bonds issued in sterling pounds; the "kangaroo" bonds in Australian dollars and also the "panda" bonds that are issued in yuan.…
US financial giants will launch new stock market on Wall Street
Through an initiative known as Members Exchange (MEMX) two US financial giants would be interested in creating a new stock market that competes on Wall Street with NSYE and Nasdaq.
These are the Morgan Stanley bank and the Fidelity…
ECLAC forecasts light economic growth for Latin America by 2019
Through a press release, the Economic Commission for Latin America and the Caribbean (ECLAC) announced the projection of economic growth and expansion of both regions by 2019 with modest rates of 1.8% and 2.1% respectively.
The…
European Commission could sanction Italy for fiscal slippage
During the recent European Summit held in Brussels, the European Commissioner for Economy, Pierre Moscovici said that the organization could sanction Italy for failure to pay the debt and a budget for 2019 considered exaggerated.
The term…