The People's Bank of China (PBC) assured that it will continue to maintain a monetary stance that supports the recovery of the economy, after the impact of the Covid-19 pandemic and the successive restrictions imposed to contain infections, as well as the impact of external turbulence.
"This year,…
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economy
Labor productivity in Latin America must improve
The International Labor Organization (ILO) raised the need to formulate effective strategies to increase labor productivity in Latin America, given the evidence of a persistent regional lag that compromises the possibilities of a future of…
Latin America could enter a new positive wave of raw material
Latin America could re-enter a new commodity supercycle like the one that occurred in the 2004-2014 period, due to the restriction of the supply of many commodities due to environmental considerations.
This was indicated by the latest…
IDB grants loan to Chile for energy transition
The Inter-American Development Bank (IDB) approved a $300 million loan to support the energy transition process in Chile, according to a statement.
This is the second and last operation of a policy reform support program in the Andean…
Fed will seek to regulate inflation in the US
The president of the United States Federal Reserve Board (Fed), Jerome Powell, stressed that the US central bank is concentrating its efforts on returning the inflation rate to 2 % target and assured that the institution's commitment to…
BNC acquires Banco Occidental de Descuento (BOD)
The National Credit Bank (BNC) confirmed through a statement sent by the Superintendency of Institutions of the Venezuelan Banking Sector (Sudeban) the purchase of Banco Occidental de Credito (BOD).
It is expected that as of June 27, BOD…
Coinbase Announces Wave of Layoffs at Company
The cryptocurrency exchange Coinbase announced that it will reduce its workforce by 18% in order to reduce operating costs.
The economy in general has been hit hard in recent months, especially the cryptocurrency sector, which has meant…
Yen reaches its lowest value in the last 24 years
The yen continues its downward path against the main currencies as a result of a growing divergence between the monetary policy of the Bank of Japan and the rest of the major central banks, which has plunged the Japanese currency to its…
Cryptocurrency ATM Installation Down 90%
Global ATM installations fell steadily so far in 2022, registering the lowest number in May with 205 new equipment, which is equivalent to a drop of around 89.75% in the month, a figure that was not seen since 2019. However, so far in June…
Ukraine’s GDP fell in the first quarter of the year
The Gross Domestic Product (GDP) of Ukraine registered a contraction of 19.3 % in the first quarter of 2022 compared to the previous three months, according to the operating estimate of the State Statistical Service of Ukraine.
Compared to…
World Bank forecasts low economy growth
The World Bank recently said that the growth of the global economy was somewhat lower than previously expected.
According to the financial institution, a "prolonged period of low growth and high inflation" is likely to occur, mainly in…
The Summit of the Americas begins under certain controversies
This week will begin the IX Summit of the Americas, which this time will be held in the city of Los Angeles, California. However, the diplomatic meeting will take place without the presence of countries such as Cuba, Nicaragua and…