Economists at Bank of America, Citigroup and Goldman Sachs Group lowered their forecasts for additional interest rate cuts from the Federal Reserve in response to stronger-than-expected US December employment data released on Friday. Bank of America, which previously expected two quarter-point reductions this year, no longer expects any, and said there is a risk that …
Oil rises to $80 as US increases sanctions against Russian oil
Charlie
Oil surpassed US$80 per barrel as the United States increased sanctions in an attempt to hinder crude oil flows from Russia. Brent futures rose as much as 5% to their highest level since early October, while West Texas Intermediate rose to around $77. The sweeping sanctions target two companies that handle more than a quarter …
Binational trade from Colombia to Venezuela moves US$1,000 million
Charlie
Despite the political tensions that have marked the relationship between Colombia and Venezuela, binational trade continues to be a key piece in the economies of both countries. With more than 2,000 kilometers of shared border and several land connections, Colombian exports to Venezuela have remained an economic pillar in recent decades. The year 2024, which …
Spanish bank, Bbva, lowered the minimum acceptance condition of the takeover bid for Sabadell
The Spanish bank Bbva modified its Public Acquisition Offer, OPA, on its smaller competitor Sabadellreducing the minimum acceptance condition of its previous offer, the lender said Thursday. Bbva’s offer is …
Dominican Integration Minister is dismissed for attending Maduro’s inauguration
The Minister of Regional Integration of the Dominican Republic, Miguel Mejía, was removed from his position for traveling without permission to Venezuela to attend the inauguration of Nicolás Maduro, who …
The countries that, until now, have broken their diplomatic relations with Venezuela
Venezuela’s international relations have entered a period of turbulence, worsened after the presidential elections of July 28, in which Nicolás Maduro was declared the winner amid allegations of fraud. The …
