Browsing Tag

economy

Argentine GDP had a growth in 2022 of 5.2 %

The Gross Domestic Product (GDP) of Argentina grew by 5.2 % year-on-year in 2022, driven by a positive performance in almost all sectors of activity, with the exception of agriculture, livestock, hunting and forestry, which fell by 4, 1 %. In this way, the Argentine economy grew by half that in…

US Federal Reserve admits surprise at Silicon Valley Bank collapse

The US Federal Reserve admitted its surprise at the sudden collapse of Silicon Valley Bank, which was under its watch. Fed Chairman Jerome Powell told a news conference after the Federal Open Market Committee meeting that he immediately…

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UBS launches offer to repurchase Credit Suisse bonds

The Swiss bank UBS announced an offer to repurchase the debt securities with maturity of 2028 and 2032 issued last Friday, just a couple of days before the agreement for the acquisition of Credit Suisse, whose aggregate amount amounts to…

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Elon Musk asks to lower interest rates by 50 basis points

The magnate and co-founder of Tesla, as well as owner of the social network Twitter, Elon Musk, believes that the United States Federal Reserve should undertake a drop of half a percentage point in the reference interest rate at its meeting…

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The US will extend protection to banks in the face of the financial situation

The United States Secretary of the Treasury, Janet Yellen, is considering expanding the protection of depositors from other small entities under conditions similar to those of the intervention of Silicon Valley Bank (SVB) and Signature…

Cryptocurrencies

Entrepreneur bets $1 million that Bitcoin will rise sharply

American businessman and investor Balaji Srinivasan has bet that the American economy is on the verge of collapse and that Bitcoin will see a meteoric price rise in the next three months due to hyperinflation in the United States.…

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Fed will try to keep the dollar liquid

The US Federal Reserve (Fed) announced a coordinated plan with five other central banks to keep the US dollar liquid during a series of bank failures in the US and Europe. The plan will use currency swap lines between central banks to…

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The ECB raises interest rates to control inflation

The European Central Bank (ECB) announced a half percentage point increase in the interest rate, raising it from 2.5 % to 3.0 % on average for deposit returns. In a press release, the ECB explained that the increase will be reflected in…

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Uruguay will host a forum on renewable energy this year

The general director of the International Renewable Energy Agency (IRENA), Francesco La Camera, reported that the first Latin American Investment Forum in renewable energy will take place in Uruguay on November 9 and 10 of this year. The…

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Central Bank of Bolivia sells dollars to curb speculation

The Central Bank of Bolivia (BCB) began selling dollars to the public to meet an unusual demand for the US currency, which authorities say is due to speculation about the country's economic situation. The president of the BCB, Edwin Rojas,…

Inflation in Brazil fell one tenth in February

The Consumer Price Index (CPI) in Brazil stood at 5.6 % year-on-year in February, a drop of more than one tenth compared to the data for January, according to the Brazilian Institute of Geography and Statistics (IBGE). Thus, Brazilian…

Business

Chevron’s contribution to crude oil production in Venezuela is 87 thousand bpd

The expert on the oil issue Rafael Quiroz has indicated that the contribution of the Chevron company to oil production in Venezuela amounts to 87,000 barrels per day. The economist pointed out on Tuesday that, despite this figure, the US…

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