The president of the Venezuelan Confederation of Industrialists (Conindustria), Tito López, indicated in an interview for Radio Fe y Alegría Noticias, that 80 % of the Venezuelan manufacturing industry is operational, after the earthquakes of June 24.

According to the union member, “the damages recorded so far do not compromise the supply, production or distribution of goods.”

López explained that “only 6 % of the companies reported moderate damage and another 14% presented slight damage, mainly in some plants in the food sector and in industries located in the Yaracuy state.” Regarding companies in the states of Carabobo, Aragua, Lara and others in the central region, including Miranda, he stressed that they maintain their operations following the corresponding security protocols.

He added that “the regional chambers and the different sectors are working together with the affected companies to complete the repairs in the coming days.” The exception is a vegetable oil processor located in the Veroes municipality, Yaracuy state, which temporarily suspended operations due to the damage suffered.

López has ruled out shortages of goods and products in the national market, since production and distribution continue normally.

Conindustria proposed the application of fiscal measures to support the recovery of the affected areas, such as “reviewing exemptions from VAT, Income Tax and some import taxes, especially for essential inputs.” Also, they ask you to avoid nervous buying of medications.

M.Pino

Source: radiofeyalegrianoticias

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La entrada Conindustria affirms that 80 % of the manufacturing industry in Venezuela remains operational apareció primero en Bitfinance.

The Japanese yen fell to a 40-year low on Tuesday, June 30, leaving authorities on high alert given this setback against the US dollar.

“Experts believe that government action will not reverse the currency’s trend,” but intervention is not ruled out, as “the ‘greenback’ is appreciating 0.1 % and is currently trading at 162.17 yen.”

In this regard, Japan’s Finance Minister, Satsuki Katayama, indicated that the government is prepared to take action. Furthermore, Chief Cabinet Secretary Minoru Kihara stated to the media that the Japanese government will work to build an economy less vulnerable to currency market volatility, while remaining prepared to intervene in the foreign exchange markets if necessary.

Analysts point out that intervention should not depend on a specific level but rather on the nature of the dollar-yen dynamic.

In any case, the overall outlook for the yen remains weak because “the wide differences in interest rates and real yields between Japan and the United States continue to favor carry trades, in which investors borrow in yen at low cost and invest in higher-yielding assets in other markets, putting downward pressure on the Japanese currency.”

M.Pino

Source: bolsamania

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La entrada The yen fell to its lowest level in 40 years apareció primero en Bitfinance.

Data published by the Central Bank of Venezuela this Monday, June 22, reflects that Venezuelan oil exports reached $5.491 billion during the first quarter of the year.

This figure represents a 21 % increase compared to the same period in 2025, when the country received $4.518 billion.

According to the regulatory body, “the balance of payments, which breaks down income by sector, in a context marked by Venezuela’s opening to new investments,” promoted by the United States, which earlier this month indicated that exports reached 1.25 million barrels per day (bpd), the “highest level this Caribbean country has recorded in seven years.”

In this regard, John Barrett, Chargé d’Affaires of the Donald Trump Administration, said at the time that the increase in oil exports “was the result of the three-phase plan of Secretary of State Marco Rubio and the President”; that is, stabilization, recovery, and transition.

M.Pino

Source: alnavio

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La entrada Oil export revenues from Venezuela reach $5.491 billion in the first quarter apareció primero en Bitfinance.

Cuban President Miguel Díaz-Canel announced the largest package of reforms across several key sectors of Cuba in the last 15 years.

Some of the strategic areas covered by the reforms include agriculture, investment, public and private enterprise, and energy.

According to Díaz-Canel, “the purpose of these reforms is to provide Cuba with the tools to face one of its most difficult moments, when it not only faces the economic embargo imposed by the United States since the 1960s but also increasing pressures that include restrictions on its fuel supply, sanctions on key sectors on the island, and a formal indictment against former President Raúl Castro.”

Among the changes Cubans can expect in the private sector are the creation of micro, small, and medium-sized enterprises (MSMEs), private banking entities, and currency exchange houses.

In addition, there will be openings to foreign investment, efforts to strengthen the capacity of state-owned enterprises to create wage models, and the facilitation of technology imports, among other measures.

Díaz-Canel indicated that Cuba is ready not only to resist the sanctions but also to produce, transform, and prosper.

M.Pino

Source: cnnespanol

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La entrada Cuba approves the largest package of reforms in nearly two decades apareció primero en Bitfinance.

The US Federal Reserve decided on June 17 to maintain interest rates at 3.50%–3.75%. The decision resulted from a unanimous vote by the FOMC.

According to the FOMC’s statement, “productivity and capital investment remain strong, while job gains are keeping pace with the labor force.”

Regarding the unemployment rate in the country, the FOMC noted slight changes in recent months. The Fed also confirmed that it will maintain ample reserves in the banking system, a strategy to provide liquidity.

Despite improvements in some indicators, inflation continues its upward trend and remains above the 2 % target, “driven in part by supply shocks that have raised prices in sectors such as energy.”

The committee stated that the economy “continues to show resilience, although it acknowledged that the international situation adds short-term risks.”

M.Pino

Source: finanzasdigital

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La entrada The Fed unanimously decided to keep rates in the 3.50 %–3.75 % range apareció primero en Bitfinance.

The United States experienced its largest increase in year-over-year inflation in three years in May, reaching 4.2 %.

According to analysts, “this spike is in line with market expectations, which anticipated the continuation of an upward trend driven by higher energy prices due to the war in Iran.”

In May, energy prices rose 3.9 %. Furthermore, “inflation in energy products accounted for more than 60 % of the overall monthly increase.” Meanwhile, year-over-year, food prices increased by 3.1 %.

Core inflation — which excludes the impact of volatile energy and food prices — rose to 2.9 % year-on-year last month, slightly above April’s 2.8 %.

M.Pino

Source: elconfidencial

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La entrada US inflation rises 4.2 % in May apareció primero en Bitfinance.

The Central Bank of Venezuela reported inflation for May in Venezuela of 6.3 %, the lowest in 19 months, indicating a slowdown in the rate.

According to the regulatory body’s report, “the largest increase in prices was recorded in the recreation and culture sector (7.3 %), followed by restaurants and hotels (7.1 %), clothing and footwear (7 %), household goods (6.8 %), education services (6.6 %), and communications (6.5 %).”

In early May, the president of the Central Bank of Venezuela (BCV), Luis Pérez, “anticipated that 2026 would be marked by significant changes, which, he stated, would be felt by the end of the year and very likely in the following years, especially the next two, 2027 and 2028.”

At that time, Pérez predicted that starting in May, inflation would be in the single digits, considering the behavior of prices, which had shown a progressive reduction since the beginning of the year.

Meanwhile, some experts point to the rise in the value of the dollar as one of the main causes of the price increases in the country.

M.Pino

Source: elnacional

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La entrada Central Bank of Venezuela reports May inflation of 6.3 % apareció primero en Bitfinance.

The coffee sector is currently thriving and maintaining positive growth, as highlighted recently by Acting President Delcy Rodríguez, who indicated that production reached 4 million quintals in the 2025-2026 period.

Of this production, 1.8 million quintals were allocated to supply domestic consumption, and 2.1 million quintals were destined for export.

In a message posted on his Instagram account on the occasion of the first community coffee meeting, held in Ospino, Portuguesa state, Rodríguez stated: “Coffee is one of the most important sectors, and the community economy already has the entire circuit organized.”

At the event, the Minister for Communes, Ángel Prado, highlighted the productive capacities of the organized community, “which currently contributes nearly 30 % of the national coffee production.” He emphasized that the conditions are in place to “deliver finished product to the national market, but also to export worldwide.”

M.Pino

Source: ultimasnoticias

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La entrada Coffee production in Venezuela reaches 4 million quintals apareció primero en Bitfinance.

Donald Trump’s tariff pressure has led China to eliminate duties for almost all African countries. In fact, it has benefited 53 of the continent’s 54 nations.

For the moment, it is known that the only African country excluded from the measure is Eswatini, “because it maintains formal diplomatic ties with Taiwan.”

In any case, the most notable aspect is that this Chinese policy “grants the largest African economies access to its market duty-free for the next two years,” starting last Friday, May 1st.

It is a duty-free agreement for their goods. According to the Customs Tariff Commission of the State Council of the Asian country, the agreement will promote “the common development of China and Africa, facilitating the entry of products that previously faced tariffs of between 8 % and 30 %.”

In this regard, the first shipment was a 24-ton consignment of apples from South Africa that arrived via Shenzhen.

M.Pino

Source: noticiasargentinas

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La entrada China reacts to Trump’s new tariffs by eliminating duties for 53 African countries apareció primero en Bitfinance.

Apure State is emerging as a new rice producer. With this goal in mind, the distribution of seeds for planting 20,000 hectares began in a joint effort between the State Government and the Ministry of Productive Agriculture and Lands.

Governor Wilmer Rodríguez was present at the distribution of seeds to producers in the Paso del Libertador commune, in the El Amparo parish of the Páez municipality.

He indicated that in this first stage, the planting of 700 hectares is planned, with a subsequent increase to 5,000 hectares, to reach the state’s projected total of 20,000 hectares of cultivable land for this key crop in the country.

The goal is to transform Apure state into one of the entities “with the greatest projected growth as a new producer of this grain,” considering that the region’s main economic activity is livestock farming.

M.Pino

Source: ultimasnoticias

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La entrada Seeds distributed in Apure State to cultivate 20,000 hectares of rice apareció primero en Bitfinance.