Economy

Tomorrow part of the economic team will travel to Washington to underpin the renegotiation with the IMF. The deputy minister Gabriel Rubinstein, the deputy minister of the BCRA, Lisandro Cleri and the head of INDEC, Marco Lavagna, will get on the plane. The objective of the technical delegation will be for the Fund not only to advance some US$ 10,788 million of the remaining disbursements for 2023, but also an extra advance of US$ 1,800 corresponding to 2024, in order to swell the meager reserves of the Central Bank for the remainder of the of the year, and especially with…

The Secretary of Agriculture, Livestock and Fisheries of the Nation, Juan Jose Bahilloruled out the possibility of promoting a program of dollar corn and he hopes that 7 million hectares of wheat and 1.8 million of barley will be planted, to recompose the financing scheme that the Argentine farmer requires after the problems that the last dry season had; Make sure that the official strategy pointed to "no producers left on the road or unemployed" as a result of the "worst drought in 70 years." In an extensive report granted to the program Field Air, in Radio ProfileThe head of…

The tax burden represents up to 25% of the value of food paid by consumers. Inflation in this area, which was an average of 5.8% in May according to INDEC, behaved unevenly: at least five basic necessities rose well above this percentage. The round tomato, for example, grew in price by 38.4% compared to April. However, according to the latest study by the Argentine Confederation of Medium Enterprises (CAME), producers are left with just 19.7%. The rest of the value is explained by components such as seasonality, distribution expenses and direct and indirect taxes, which are paid for producing and…

Brazil's stock market will outshine its Latin American peers in the second half of the year due to still weak valuations and prospects for lower rates, according to JPMorgan Chase & Co. The actions of the country are “the simplest bet there is due to low ratings combined with lower rates”said Emy Shayo, head of equity strategy for Latin America at the bank. "The story is becoming even more interesting amid a larger-than-expected decline in inflation as inflation expectations begin to ease and expectations rise," he wrote in a report released Friday. Shayo maintained his overweight rating on Brazilian stocks…

The Buenos Aires ruling party formalized this Thursday in the Legislature the announcement made by the head of Government, Horacio Rodríguez Larreta, about the reduction of the rates of the Gross Income Tax in the City of Buenos Aires in sectors considered “key” for the generation of work. The measure, which It will come into effect from July 1. it added 36 positive votes from the legislators of Vamos Juntos, UCR-Evolución, Republicanos Unidos and La Libertad Avanza; and 21 against the Frente de Todos (FDT) and the Frente de Izquierda. At the end of May, when announcing the initiative, the…

He blue euro today Thursday June, 15 of 2023 in the previous one of the informal market trades at $530.00 for purchase and $536.00 for sale. The informal European currency fell during morning activity $3. What is the blue euro The so-called blue euro is the one that circulates in the parallel market, also called the "black" market. The value of the parallel currency is usually higher than the official one because it is acquired in banks and it has an established price. UVA credits: advances the bill to alleviate the situation of debtors How much does the official euro…

donald trump still the favorite for his party's 2024 presidential nomination, according to a poll conducted primarily after he announced he was facing federal indictment, with a 53% of Republicans and Republican voters supporting him. In the Quinnipiac University poll released Wednesday, 23% of Republicans backed incumbent Florida Gov. Ron DeSantis, and other Republican candidates remained in single digits. In May, Trump got 56% of support, and DeSantis followed with 25%. Trump also boasted an increase in contributions for his campaign after his impeachment. On Wednesday, his campaign committee announced that it had raised more than $4.5 million of digital…

He blue euro today Wednesday June 14, 2023 prior to the opening of the informal market is listed at $521.00 for purchase and $526.00 for sale. The informal European currency opens the third round of the week with exchange stability. What is the blue euro The so-called blue euro is the one that circulates in the parallel market, also called the "black" market. The value of the parallel currency is usually higher than the official one because it is acquired in banks and it has an established price. Alberto Fernández received Ursula Von der Layen after Lula da Silva's warnings…

The Confederation of Hydrocarbons and Related Trade Entities (CECHA) resolved to declare the state of emergency in the service stations throughout the country in view of the lack of responses from the Government to the "growing decline in the profitability of the sector". “We are with the noose around the neckinflation and the delay in fuel prices makes unsustainablekeeping the stations open. We need a solution”, warned the chambers and federations grouped under the entity. As they explained, the companies in the sector registered a loss of profits since the pandemic “with the drop in sales and the price freeze".…