The US Energy Information Agency (EIA) revealed that commercial oil reserves in the United States suffered a spectacular drop of 17 million barrels during the week ending July 28. This reduction is much greater than what the market expected and represents a record in the reduction of inventories.…
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economy
Oil giants suffer drop in profits in 2023
Oil and gas multinationals experience a significant decline in their profits during the first half of the year, as a result of the fall in fuel prices, after an exceptional 2022. However, these companies continue to be profitable.
On…
IMF increases growth forecast for Latin America by 1.9 %
The International Monetary Fund (IMF) expects the Latin American economy to grow by 1.9% in 2023, which represents an improvement of three tenths compared to the latest projections of the organization published last April.
This upward…
Argentina expects to raise 2 billion with the agricultural dollar
Argentina will implement economic measures to raise 2 billion dollars and avoid defaulting on its million-dollar debt refinancing agreement signed with the International Monetary Fund (IMF) in 2022.
These measures include the creation of a…
Putin approves the creation of a platform for the digital ruble
Russian President Vladimir Putin has approved new legislation establishing the gradual implementation of the digital ruble in the country's economy, in conjunction with traditional payment methods. This measure, which will be effective from…
Inflation chokes economies of Venezuela and Argentina
Inflation in Latin America shows signs of slowing down in countries like Brazil and Mexico. However, at the other extreme are Venezuela and Argentina, with the highest inflation rates, above 100 %.
The first semester of 2023 has not been…
Venezuela signs new cooperation agreements in Moscow
Venezuela and Russia strengthened commercial ties this Monday with the signing of new agreements in strategic areas such as health, finance, sports, economy and transportation, among others.
The signing of the agreements took place in…
Latin America at the forefront of CBDC adoption
Latin American and Caribbean countries are directing their economies towards the adoption of cryptocurrencies and CBDC, as an escape route from international sanctions, inflation, the devaluation of their official currency, among other…
Yellen does not believe there is a recession in the United States
The United States Treasury Secretary, Janet Yellen, indicated this Sunday in India during her meeting with the G20, that the country's economy is showing a good change, so she does not believe that they will enter a recession.
Speaking to…
UK joins the Trans-Pacific Free Trade Agreement
The United Kingdom signed this Sunday in New Zealand its accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), making it the first country in Europe to join the group. The treaty will enter into…
Cryptocurrency scams fell 77 %
A recent report from Chainalysis revealed that cryptocurrency-related scams saw a significant decline compared to the same period last year. However, malicious actors continue to pose a threat.
According to Chainalysis' semi-annual report,…
PepsiCo earns 92 % more in the second quarter
The multinational 'snacks' and soft drinks PepsiCo closed the second quarter with an attributable net profit of 2,748 million dollars, which is equivalent to an advance of 92.3 % compared to the same period of the previous year, according…