Economy

Friday, August 4th 2023 - 10:56 UTC
“Blue” dollar knows no ceiling in Argentina

The “blue” (a euphemism for “black market”) dollar went up again Thursday in Argentina hitting a new all-time high of AR$ 570 at the end of the day as the Aug. 13 Simultaneous, Mandatory, and Open Primary (PASO) presidential elections loom over, it was reported in Buenos Aires.
Friday, August 4th 2023 - 08:17 UTC
Bank of England rate up to 5,25%, highest in fifteen years; no prospects of abating

The Bank of England raised on Thursday its main interest rate to 5.25%, the highest in 15 years, as the country strives to control persistently high inflation. The quarter percentage point hike was the bank's 14th in a row.
Thursday, August 3rd 2023 - 10:50 UTC
Relief in Brazil, Central bank lowers benchmark interest rate by 50 basis points

Wednesday relief for the Brazilian government, the central bank decided on a more aggresive rate-cutting reducing its benchmark interest rate by 50 basis points and signaling more of the same in the months ahead due to an improving inflation outlook.
Thursday, August 3rd 2023 - 10:14 UTC
Total Falklands/UK trade in four quarters to end of Q1 2023 reached £124 million

Total trade in goods and services (exports plus imports) between the UK and Falkland Islands was £124 million in the four quarters to the end of Q1 2023, an increase of 6.9% or £8 million in current prices from the four quarters to the end of Q1 2022.
Thursday, August 3rd 2023 - 10:00 UTC
Saudi Arabia in talks to join the BRICS bank, probably in this month's summit in South Africa

The New Development Bank (NDB), also known as the “BRICS bank,” is in talks with Saudi Arabia on admitting Riyahd as its ninth member, which would strengthen the NDB's funding options amid the impact of the Russia-Ukraine conflict, according to media reports.
Thursday, August 3rd 2023 - 07:05 UTC
Petrobras processing more oil in domestic refineries, as export volumes drop 22%

Brazil's giant oil and gas corporation Petrobras this week presented its second-quarter report, which showed a drop in oil exports in a scenario of increased processing at domestic refineries.
Wednesday, August 2nd 2023 - 16:40 UTC
Falklands new funding for businesses to grow sustainably and environmentally

The Falkland Islands Development Corporation (FIDC) unveiled recently a new suite of loan and grant options to enable Falklands businesses to grow in a sustainable way and with the environment in mind.
Wednesday, August 2nd 2023 - 15:55 UTC
Bitcoin Casinos: A comprehensive guide to gambling with cryptocurrency

In the ever-evolving landscape of online gambling, Bitcoin casinos have emerged as a fascinating and revolutionary concept. Combining the thrill of casino gaming with the benefits of cryptocurrency, these platforms offer a unique and secure way to wager and win. If you're new to the world of Bitcoin casinos, this comprehensive guide will walk you through what they are, how they work, and the advantages of using Bitcoin for online gambling.
Wednesday, August 2nd 2023 - 10:55 UTC
Argentina: “Blue” dollar keeps soaring as elections loom over

The “blue” (a euphemism for “black market”) dollar rose another AR$ 10 Tuesday, reaching AR$ 560, its highest quotation ever, less than two weeks ahead of the Open, Simultaneous, and Mandatory Primary (PASO) elections in Argentina, it was reported in Buenos Aires. The gap with the wholesale (official) dollar stood at 102.79%. So far in 2023, the US currency in the parallel market accumulates an increase of AR$ 214 after closing 2022 at AR$343.
Wednesday, August 2nd 2023 - 10:34 UTC
Fitch downgrades US credit rating to AA+; Yellen calls it “arbitrary” and “outdated data”

Fitch has downgraded the United States Government's credit rating following concerns over the state of the country's finances and its debt burden.