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 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 ...
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 ...
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 now directed at the number of shares that would allow Bbva acquire at least more than half of the effective voting rights of Sabadell at ...
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 assumes his new presidential mandate today. Although the Dominican Republic has recognized Edmundo González as president, Mejía’s presence at Maduro’s event generated controversy, since it ...
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 opposition, led by Edmundo González Urrutia, has claimed victory, relying on 85% of the electoral records that they claim to have in their possession. Given ...
Greenland’s leader will meet the Danish king in Copenhagen on Wednesday, after US President-elect Donald Trump said he wanted to take control of the vast Arctic island, an autonomous territory of Denmark. Trump, who will take office on Jan. 20, said Tuesday that he would not rule out resorting to military or economic measures to ...
Opposition leader María Carolina Machado informed the community, through her X account, that she is in a “safe place and with more determination than ever before to continue with you until the end!” “My heart goes out to the Venezuelan who was shot when the repressive forces of the regime detained me. Thank you, thank ...
Colombia joins a global movement in defense of Venezuelan democracy, with mobilizations called in several cities in the country to support opposition leader Edmundo González as president-elect of Venezuela. These demonstrations also seek to make visible support for key opposition figures, such as María Corina Machadoand press for a firmer international stance against the Nicolás ...
Annual inflation in the OECD, measured by the consumer price index (CPI), remained stable at 4.5% in November 2024 compared to October, a new report from the bloc revealed. At the country level, the panorama was more heterogeneous, according to the organization. Thus, inflation increased in 14 of the 38 OECD countries, including notable increases ...
