On May 5th, José Raúl Mulino, lawyer and politician, won the presidential elections in Panama for the period that begins today and ends June 30, 2029.The new president joined the electoral race as a replacement for former president Ricardo Martinellisentenced to more than 10 years in prison for money laundering and today asylum in the ...
Israel and Saudi Arabia were the countries whose sovereign risk scores worsened the most during the first half of the yeardue to the deterioration of their fiscal positions, according to Goldman Sachs. Goldman economist Farouk Soussa said Israel’s war with Hamas and its drain on public finances caused the biggest decline in emerging market sovereign ...
The Greek state has been involved in a legal battle for decades in which it seeks to have the name of feta cheese declared of Hellenic origin, since, Several companies have cited their name on the product. The dispute reached Chile, where a court rejected the registration of the name ‘feta’ by other companies, since ...
Casa Rosada spokesman Manuel Adorni said that, due to agenda issues, President Milei will not attend the summit. Argentine President Javier Milei cancelled his attendance at the Mercosur summitThe announcement was made after the leader He called Brazilian President Luiz Inácio Lula da Silva a ‘leftist’ with an ‘inflamed ego’; he also called the Brazilian ...
Financial Diary – Santiago The Monthly Index of Economic Activity, Imacec, grew 1.1% in May compared to the same month of the previous yearthe Central Bank reported on Monday, in a variation that was below market estimates. “The seasonally adjusted series decreased by 0.4% compared to the previous month and grew by 2.0% in twelve ...
A Panama court acquitted 28 people in the Panama Papers casea case that involved the leak of documents from the Mossack Fonseca law firm, that linked personalities from all over the world in capital banking. The press release mentions that the Second Liquidator of Criminal Cases judge, Baloísa Marquínez acquitted the 28 people of the ...
Oil retreated from nearly two-month highs as traders weighed weakening physical markets and escalating tensions in the Middle East. Barrels of Brent and West Texas intermediate, WTI, fell and were trading near US$86 and US$81 per barrel, respectively.. Oil remains in a tight range as markets show rising US supplies and the Chinese economy appears ...
The holding company of Turkish billionaire Robert Yuksel Yildirim signed an investment of US$750 millionfor the construction of an ammonia plant in eastern Venezuela, according to a senior government official. Venezuela’s state petrochemical company, known as Pequivén, signed an agreement with Grupo Yildirim for the construction of a plant that plans to produce 600,000 tons ...
French inflation slowed slightly, reinforcing the European Central Bank’s decision to start cutting record interest rates and offers a positive point in economic terms for President Emmanuel Macron two days before the legislative elections. Consumer prices in the euro zone’s second-largest economy rose 2.5% in June from a year earlier, after advancing 2.6% the previous ...
The situation on Wednesday in La Paz, Bolivia, put all eyes on what seemed to be a coup against President Luis Arce. A failed attempt by the former commander of the Armed Forces, Juan José Zúñiga by overthrowing the president, revealed a crisis, which is not only political, but also permeates the Bolivian economy. With ...
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