In a recent report, the US Federal Reserve (FED) projected a slowdown in wage growth for the second half of the year, attributing it to rising labor costs. These costs, in large part, are the result of the Fed's decisions to increase interest rates in order to control inflation.
The forecast,…
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Inflation in Paraguay falls to 2.9 % year-on-year in August
The Paraguayan Consumer Price Index (CPI) fell six tenths in August compared to the previous month and now stands at 2.9 % year-on-year, very close to the target range, according to what the Central Bank of Paraguay disclosed on Monday.…
CABEI will close the applications for the presidency this Friday
The Central American Bank for Economic Integration (CABEI) will close this Friday, September 8, the period for candidates who so wish to apply for the position of executive president of the entity to, in November, proceed to their election.…
US jobs increased by 3.8 % in August
The US economy generated 187,000 new non-agricultural jobs during the month of August, a figure higher than the 157,000 new jobs created in July, although the unemployment rate rose three tenths, up to 3.8 %, according to published data.…
Minimum wage in Brazil will have a permanent increase
Brazil will guarantee the permanent increase in the minimum wage starting in 2024 according to the new law sanctioned this Monday by President Luiz Inácio Lula da Silva.
The law, which was previously approved by Congress, also establishes…
Argentina and Brazil signed a historic pact to boost trade
In an announcement that resonated with great importance, Argentina and Brazil closed a pact of historical relevance on Tuesday. The Development Bank of Latin America-CAF played a crucial role by offering guarantees for a value of 600…
Big US banks paid $500 million in conspiracy lawsuit
In a high-impact legal twist, renowned financial institutions Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS have agreed to jointly pay out a colossal sum of approximately $500 million, under a settlement aimed at ending a lawsuit…
Sergio Massa announces a $1.3 billion loan for Argentina
In a prominent day in Washington, the Argentine Minister of Economy and candidate for the presidency, Sergio Massa, revealed that he had obtained loans for a total of 1.3 billion dollars from the World Bank and the IDB, for the benefit of…
Inflation in Argentina reached 6.3 % in July
Inflation in Argentina registered an increase of 6.3 % in July, accumulating a total of 60.2 % since January, a figure that positions it among the highest in the world, according to the report of the official Institute of statistics Indec.…
Argentine peso is devalued after Milei’s victory in the primaries
This Monday, the Argentine peso devalued 22 % after the impact on the country due to the victory in the primary elections of the far-right Javier Milei.
For some analysts, the fall in the local currency is not a surprise, taking into…
PayPal introduced its own “Cryptocurrency Hub”
Electronic payment giant PayPal continues to demonstrate an unwavering commitment to Blockchain technology and cryptocurrencies, even after the recent launch of its own stablecoin earlier this month.
The brand new "Cryptocurrencies Hub"…
Venezuela will promote development with four special economic zones
During a conference on Thursday with the country's governors, mayors and business sectors, Nicolás Maduro decreed four special economic zones (ZEE in Spanish) that will allow, according to the president, the transition towards a post-oil…