This Thursday, Citgo announced that it obtained record net profits during the second quarter of the year thanks to an increase in crude processing volumes as well as stronger margins.
According to the refiner's report, the results show an increase in its net income to 1,290 million dollars, which…
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United States
US inflation was subdued
The year-on-year inflation rate in the United States stood at 8.5 % last July, six tenths below the 9.1 % observed in June and the lowest rise in prices since last April, according to the United States Bureau of Labor Statistics.
The…
Volkswagen starts production of the electric ID.4 in the United States
The Volkswagen group has started production of its ID.4 electric compact SUV in Chattanooga in the state of Tennessee, becoming the company's first electric vehicle assembled in the United States, the company said in a statement.
The…
Meeting between presidents of Argentina and the United States was postponed
The meeting between the presidents of Argentina and the United States scheduled to be held this July 26 in Washington was postponed. At the moment the new date of the meeting between Alberto Fernández and Joe Biden is not known.
This would…
The US Treasury highlights the importance of CBDC
The US Treasury's Bureau of Financial Research recently indicated that central bank digital currencies (CBDC) can increase the stability of the banking system.
The institution's researchers indicated that in difficult times, clients often…
Uber would have broken laws to enter the market
The American company Uber managed to penetrate the main cities around the world thanks to a strategy that included breaking laws, deceiving and lobbying in the highest spheres, according to a leak from the International Consortium of…
Voyager Digital enters into Bankruptcy Law
Cryptocurrency trading and lending platform Voyager Digital voluntarily filed for Chapter 11 protection of the United States Bankruptcy Law in order to undertake the restructuring of the company and maximize value for all stakeholders.
The…
US seeks alternatives to tighten monetary policy
The president of the United States Federal Reserve (Fed), Jerome Powell, assured that there are ways for the agency to tighten monetary policy without plunging the country into a recession.
At an event organized in Portugal by the European…
Biden considers temporarily freezing gasoline taxes
Joe Biden, president of the United States, is evaluating the possibility of temporarily freezing the federal tax on gasoline, a measure that could place the price of a gallon at 18.4 cents for drivers.
Biden affirmed that he was analyzing…
The Fed decreed a new increase in interest rates
The Federal Reserve of the United States (FED) decreed a new increase in reference interest rates in the order of 0.5 percentage points to place them in a range that oscillates between 0.75 % and 1 % with the purpose of avoiding a increase…
Revlon files for bankruptcy
The American cosmetics giant Revlon decided to file, together with some of its subsidiaries, with the Bankruptcy Court of the Southern District of New York the petition to voluntarily avail themselves of the protection of Chapter 11 of the…
Cryptocurrencies seized in the US may not be safe
The Office of the Inspector General (OIG) recently conducted an audit on how the United States Marshals Service (USMS) safeguards seized cryptocurrencies, emphasizing the importance of improving ways.
Although the safeguarding by the USMS…