Australia

Buffett cuts stake in BofA, to dump $3 billion this month

Buffett cuts stake in BofA, to dump $3 billion this month

One year after that Warren Buffett to rate his multi-billion dollar bet on Bank of America Corp. as an investment worth holding, he is selling it. Buffett-owned Berkshire Hathaway Inc. announced its third stock sale this month, reducing its huge and profitable stake in the lender by a total of more than $3 billion. The ...

Deadpool & Wolverine breaks records with $205 million in opening weekend

Deadpool & Wolverine breaks records with $205 million in opening weekend

Deadpool & Wolverine from Walt Disney Co. grossed $205 million in ticket sales in the United States and Canada this weekendthe biggest domestic debut this year. The film also achieved the best opening in history for an R-rated filmwith more than double the ticket sales of Warner Bros. Discovery Inc.’s Joker during its opening weekend. ...

This is the political panorama in the neighboring country

This is the political panorama in the neighboring country

For the first time in more than a decade, Venezuelans are hopeful that they will have a chance at democracy. The voters began lining up at polling stations across the country on Sunday morning to choose between President Nicolás Maduro, whose 11-year grip on power encompassed one of the worst humanitarian and economic crises in ...

Kamala Harris raises $200 million in first week of presidential campaign

Kamala Harris raises $200 million in first week of presidential campaign

Kamala Harris’ presidential campaign raised $200 million in its first week of activity. According to an official statement from his team, the figure obtained reflects a resounding support from the electorate, highlighting that a significant percentage of the contributions come from new donors. Additionally, Harris has experienced a surge in popularity among American voters. The ...

Australian inflation could decide central bank rate adjustment this week

Australian inflation could decide central bank rate adjustment this week

The debate over whether Australia’s central bank needs to implement a late-cycle monetary policy tightening is likely to be resolved with the Quarterly inflation data due to be released this weekand the currency will surely be dragged down by the consequences. Consumer prices likely rose 3.8% in the second quarter from a year earlier, up ...

march and a "No" to the Government

march and a “No” to the Government

The CGT Board of Directors finally met today at the headquarters on Azopardo Street to define its next steps. In the run-up to the meeting, There were two very antagonistic options between those who want to move to a tougher confrontation strategy with the government of Javier Milei and those who are inclined to prioritize ...

Venezuelan opposition seeks to end 25 years of Chavismo in elections

Venezuelan opposition seeks to end 25 years of Chavismo in elections

Venezuelan opposition leader Maria Corina Machado and her coalition’s candidate, Edmundo Gonzalez, have commanded enthusiastic crowds during their campaign to defeat President Nicolás Maduro and end 25 years of Chavismo. However, uncertainty remains over how Sunday’s election will play out when Maduro –whose 2018 re-election is considered fraudulent by the United States, among other countries, ...

Cemex shares rebound on operating profit that beat estimates

Cemex shares rebound on operating profit that beat estimates

Cemex shares rallied on Thursday after the Mexican cement maker posted better-than-expected operating profit, which offsets a loss of sales due to bad weather in its largest market and a weaker peso. Operating income in the second quarter was $665.9 million, according to a filing, above the average estimate of $615.2 million compiled by Bloomberg. ...

How much has Venezuela's GDP per capita fallen since Maduro came to power?

How much has Venezuela’s GDP per capita fallen since Maduro came to power?

This Sunday, July 28, Venezuelans will go to the polls again to elect a new president. This time there is greater hope that Nicolás Maduro will close a mandate that has already lasted 11 years, the popular voice prevails, which according to the polls 59.1% is with the opposition candidate Edmundo González, the country emerges ...