Investments and Business Archives | Page 192 of 202

23 Jan

The trust in Ficohsa is reflected in its position as the number one bank in terms of assets in Honduras

Anna EdwardsCamilo Atala, Trust in Ficohsa Bank

The CNBS (National Banking and Insurance Commission) issued a report with data on the financial system at the end of 2022. The report highlighted the capacity of Honduran banks, with a 7.5% increase in banking assets, reaching a total of US$34,176 million. The CNBS has published figures showing that the Honduran population has confidence in the national financial system. The level of assets indicates the size and reputation of a financial institution. This is due to responsibility, professionalism and good management of client funds. This in turn becomes a win-win situation, since a bank's leadership in assets generates more benefits…

23 Jan

Euro blue today: minute by minute of the price of this Monday, January 23, 2023

Anna Edwards

The blue euro today monday January 23 of 2023, prior to the opening of the market, it is listed at $400.00 for purchase and $404.00 for sale. The informal european currency opens the exchange week with an increase of $2 in relation to its initial price of last Friday. So far in 2023, the parallel European currency accumulates a rise of $32, after closing 2022 at 372 pesos. What is the blue euro The euro denominated blue it is the one that circulates in the parallel market, also called "black market". The value of the parallel currency is usually higher…

22 Jan

Allocations did not cover all basic needs in 2022

Anna Edwards

Wages, formal and informal, were not the only income that lost against inflation in 2022. The allowances were not enough to cover basic needs, averaged by the basic food basket (CBA) and the total basic basket (CBT), which they were also located above the general CPI during the past year. The demands are heating up due to the rise in food inflation and this week the tough piqueteros will return to the streets. According to a report by the consultancy Ecolatina, the Universal Child Allowance (AUH) will not cover the CBA equivalent to a child during 2022. Here it should…

21 Jan

Drought already affects half of Argentine livestock

Anna Edwards

Almost half of the cattle broth (48%) It is located in areas affected by drought, which represents some 26 million heads at risk, according to information from the Rosario Stock Exchange. The calculation is based on 50% of the Argentine territory suffers from a lack of rainfall according to the Drought Information System for Southern South America (SISSA). The provinces with the highest proportion under a critical situation -from "extreme" to "exceptional" drought- are Chaco (58%), Salta (46%), Santiago del Estero (37%), Formosa (33%) and Jujuy (23%) against an average of 12.5% at the national level. Due to the drought,…

21 Jan

Food inflation accelerated in the third week of this month

Anna Edwards

The impact of exchange rate movements hastened the rise in prices in recent days and for this reason there is concern about possible shortages that the drought would cause in essential products on the national table. According to a private study, food inflation showed a trend above 5.5% in the first weeks of January. The same work also indicates that the average increase in the third week was 1.55%, "accelerating 0.76 percentage points compared to the previous week." On the other hand, the report from the LCG consultancy added that "the food and beverage index presented a monthly turnover of…

20 Jan

The Government exceeded a key goal requested by the IMF

Anna Edwards

The Ministry of Economy reported that the 2022 fiscal deficit was 2.4% of GDP. "This represents over-compliance with the fiscal goal established in the Extended Facilities Program for the Non-Financial National Public Sector (2.5% of GDP)", agreed with the International Monetary Fund (IMF). From the portfolio that Sergio Massa leads, they consider one of the goals that he set at the beginning of his management as fulfilled: order the fiscal accounts that in the middle of the year looked overflowing. Minister Massa made reference to the "overflow" he found in public accounts during a tour of the United States in…

20 Jan

The trade balance closed 2022 with a surplus of US$ 6,923 million

Anna Edwards

The commercial exchange closed the 2022 with a surplus of US$ 6,923 million, compared to US$ 14,751 million in all of 2021, according to this report Thursday on National Institute of Statistics and Censuses (INDEC). The result was obtained after in December, the exchange of goods with the exterior a gain of US$ 1,102 million, against the $371 million corresponding to the same month of the previous year, reported the agency telam. Mercosur: participation in Argentine foreign trade is the lowest in 30 years In 2022, exports totaled US$ 88,446 million and imports, US$ 81,523 million. The commercial exchange increased…

19 Jan

RadioProfile | Debt buyback: What are the repercussions after Sergio Massa’s announcement?

Anna Edwards

The Minister of Economy Sergio Massa announced yesterday that the Government began a process to repurchase Argentina's external debt for US$1,000 million. The news came out on the Wednesday morning before the market opened, so the day started off unsettlingly. After the announcement, the concerns about the accumulation of dollars were overcome by the optimistic side of the news that not only increased the positive streak of the titles but also boosted the increases with euphoria. Since the beginning of the round, reference bonds posted increases of around 6% in dollars, while global bonds had a better performance at the…

18 Jan

Restaurants: why eating out increased more than annual inflation

Anna Edwards

Accumulated annual inflation in Argentina in 2022 was 94.8 percent. Nevertheless, each item increases its average prices at different percentage points. The restaurants for example, they registered a rise of 108 percent. The motives used by the owners of the gastronomic establishments are: the fall in demand, the increase in the costs of inputs, rental prices and the increase in employee salaries, that corresponded with the agreements reached by the union agreements. The business for restaurants lies in the volume of customers and not in high prices. One problem at this time of year is that diners do not choose…