The President of the United States, Joe Biden, announced that the Department of Energy will release this Wednesday 15 million barrels from the country's Strategic Petroleum Reserve (SPR) with the aim of being delivered in December.
Biden directed his administration to take these steps to strengthen…
Read More...
Browsing Tag
economy
Inflation in Europe reached 9.9 %
The year-on-year inflation rate in the euro area stood at 9.9 % last September, which marks a new historical record and represents an acceleration of eight tenths compared to that registered in August, although it is one tenth below the…
The bolivar has suffered a devaluation of 44 %
Taking as a reference the value of the dollar for mid-September, located at 8.02 bolívares, a devaluation of the Venezuelan currency is estimated at 40 %.
The US currency, on the other hand, has shot up in the market, leading to a 3 %…
China postponed publication of its GDP
The National Statistics Office of China confirmed that it postponed the publication of the figures of the Gross Domestic Product (GDP) of the Asian giant corresponding to the third quarter of the year, scheduled for this Tuesday, coinciding…
Mastercard will offer solutions to banks for cryptocurrencies
The Mastercard company announced that it is going to make it easier for banks to adopt cryptocurrencies, through an alliance with the Paxos company.
This union will allow banking institutions to offer payments with cryptocurrencies in the…
Brazil has shown three months of deflation
The National Consumer Price Index of Brazil registered in September a monthly setback of 0.29 %, being the third consecutive month in which prices contract in the largest Latin American economy, according to data published by the Brazilian…
China reserves fell in September 2022
It is estimated that China's reserves had a decrease of 0.85% in the period September 2021 and September 2022, standing at 3,092 billion dollars as reported by the State Administration of Foreign Exchange (SAFE).
The reduction, compared to…
The World Bank assures that the Latin American economy will grow by 3 %
The World Bank estimates that the Gross Domestic Product (GDP) of Latin America and the Caribbean will grow 3 % in 2022, a rate higher than expected due to the increase in the prices of raw materials.
However, the agency estimates that…
Barrel of oil stands at 91 dollars
The price of a barrel of Brent oil, a benchmark for Europe, exceeded the quota of 91 dollars before the opening of the markets of the Old Continent with an eye on the meeting to be held this week in Vienna by the representatives of the…
Germany is going through one of its worst crisis
The huge loss of purchasing power and high price inflation in Germany for energy are leading the economy into recession and the worst crisis of the last 50 years,
While Marc Schattenberg, of Deutsche Bank Research, predicted a drop in…
Bank of England raises interest rates
The Bank of England (BoE) raised the country's interest rates to 2.25 %, which is equivalent to an increase of 50 basis points, according to the entity's Monetary Policy Committee.
The British central bank's decision comes just one day…
Venezuela and Iran signed agreements in the scientific and technological area
The Iran-Venezuela Scientific, Technological and Industrial ExpoFair, which ended on Monday, September 19, was the setting for the signing of various agreements between the governments of both countries.
According to information through…