Investments and Business

US jobless claims at highest level since December

US jobless claims at highest level since December

Applications for unemployment benefits in USA recorded a strong rise last week reaching the largest number since last December, after weeks touching historical lows. The information was released this Thursday by the Department of Labor Bureau of Labor Statisticswho said that in the week ending March 4, about 211,000 people request unemployment benefits for the first time after being laid off, which meant an increase of 21,000 compared to the previous week. The number exceeded the forecasts of economists, according to the Bloomberg agency, and implies a jump after being for weeks close to 187,000 applicationsa record low. US unemployment…
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The red circle sights Macri’s candidacy and sets conditions for a new economic plan

The red circle sights Macri’s candidacy and sets conditions for a new economic plan

The Argentine Business Association (AEA) held its postponed annual meeting, where it took advantage of the presentation to the public of five new partners to reiterate their complaints to the Government for the onslaught of the ruling party against the Supreme Court of Justice and for the economic course. It was in a formal meeting, without debates, although with multiple questions about the political scenario and the possibilities of the former president's participation. Mauricio Macri in the electoral arena. And although he did not present his recipe, the country's big businessmen placed conditions on the design of the next government's…
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Argentina will face a deeper economic contraction due to drought, analysts say

Argentina will face a deeper economic contraction due to drought, analysts say

Argentina's drought will lead to further economic contraction in 2023 than previously expected, according to analysts at Itaú Unibanco Holding SA, who lowered their GDP estimates to -3% from -1.5%. Analysts, led by João Pedro Bumachar, used forecasts from the Buenos Aires Grain Exchange of a 20% drop in soybean and corn production for their review, according to a report. They also considered the effects of “tighter import controls” aimed at protecting the country's foreign exchange reserves. Russian pregnant women prefer Argentina's inflation to Putin's war On Wednesday, the US also said a 20% decline in soybean production this year…
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Real blue today: how much does it operate this Wednesday the 8th?

Real blue today: how much does it operate this Wednesday the 8th?

He Royal blue Today, Wednesday, March 8, 2023, is listed in the parallel market opening prior to $82.00 for purchase and $87.00 for sale, according to the blackboard of the National bank Argentina (BNA). He real called blue It is the one that circulates in the parallel market, also called the "black" market. He worthr for currency is usually higher than the official due to the fact that it is acquired in the banks and that it has an established price. Brazil speeds up a fiscal plan to reduce borrowing costs How much is the official real today? According to…
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How much did the blue dollar close today, Tuesday, March 7, 2023

How much did the blue dollar close today, Tuesday, March 7, 2023

He blue dollar today March 7, 2023 closed in the informal market at $367.00 for purchase and $371.00 for sale in the parallel market. The parallel North American currency accumulates a loss of $4 in its price so far this week, after the morning exchange activity. So far in 2023, the informal dollar accumulates a rise of $29 after closing 2022 at $346. ANSES Negative Certification: how to process it to collect a plan in March 2023 How much is the official dollar today? According to the blackboard Bank of the Argentine Nation (BNA)the official dollar today 7 of March…
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Massa’s anti-reprofiling insurance paved the bond agreement with the banks

Massa’s anti-reprofiling insurance paved the bond agreement with the banks

He Minister of Economy, Sergio Massa, rupture break the wall of maturities of the debt in pesos that had generated tensions in the financial market before the fears of a reprofiling for the end of the renovations as the primary elections approached. The negotiations with the banks had the approval of the International Monetary Fund (IMF), although its main point of discussion was the political agreement within the governing cooperation and the leap from the uncertainties that were generated by the renewal of power in the Casa Rosada. There were two central debates at the discussion table: the liquidity that…
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Real blue today: how much it operates this Monday 6

Real blue today: how much it operates this Monday 6

He Royal blue Today, Monday, March 6, 2023, is listed on the parallel market at $82.00 for purchase and $87.00 for sale, according to the blackboard of the National bank Argentina (BNA). He real called blue It is the one that circulates in the parallel market, also called the "black" market. He worthr for currency is usually higher than the official due to the fact that it is acquired in the banks and that it has an established price. Blue dollar today: minute by minute of the price of this Monday, March 6 How much is the official real today?…
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External bottleneck: de facto dollarization

External bottleneck: de facto dollarization

This month will mark the first anniversary of another war, the one declared by the President against inflation. In the middle, there was everything: declamations about the endemic evil that affected the Argentine economy, the elevation of the theory of imported inflation to the category of indisputable dogma, the election of sectors suspected of pushing up prices and, as always, the untimely lack of control of the dollar to postpone the final victory. It could not be: if in February 2022 year-on-year inflation was already 52%, estimates speak of almost double for the period March 2022-February 2023: 101% yes, As…
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Bakers alert for a new rise in the kilo of bread during March

Bakers alert for a new rise in the kilo of bread during March

The increase in gas, electricity, inputs, and parity rates that have already been carried out in the province of Buenos Aires and that are expected between March and April in the rest of the country, could influence a new rise in bread prices , warn representatives of the sector to PROFILE. The Argentine Federation Unión Personal Panaderías y Afines (Fauppa) reopened negotiations and agreements for an increase of 17%, with which bakery employees in the province of Buenos Aires increased their salaries by 102% year-on-year. "They asked for 25%, a figure that was reduced to 17% in two installments," says…
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