For the third time, Peru will preside over the Asia-Pacific Economic Cooperation Forum (APEC) to be held in 2024. During this period, more than 150 meetings will be held with representatives of the 21 economies that make up this bloc —among them China, the United States, Japan, Canada and South Korea, our main partners—, in […]
Tag: China
Four keys to following the BRICS summit in South Africa
The group of emerging economies BRICS (Brazil, Russia, India, China and South Africa) will hold its XV Summit of Heads of State and Government next week in Johannesburg. The summit will take place under the motto “BRICS and Africa: Partnership for mutually accelerated growth, sustainable development and inclusive multilateralism”. The keys to be able to […]
Wall Street chains three weeks of losses with its sights set on the Fed and China
Wall Street It has already been losing for three weeks, the latter weighed down especially by forecasts that the United States Federal Reserve (Fed) will continue to raise interest rates due to persistent inflation, and renewed concern about the Chinese economy. In the weekly computation, the Dow Jones index fell an accumulated 2.2%, the selective […]
China’s Evergrande declares bankruptcy in the United States, according to US media
China’s indebted real estate giant evergrande In the last few hours, he requested the protection of the US bankruptcy law to face his serious financial situation and avoid the seizure of his assets, the Chinese newspaper Caijing reported based on media information from the North American country. The company has filed for Chapter 15 of […]
BCRP: dollar has been rising 1.81% in August and is trading at S/3.711
After the dollar had a sustained decline, which led it to even fall below S/3.60 in previous weeks, it has recently experienced an upward trend that has placed it above the S/3.70 mark. Despite having closed yesterday at S/3.7110, reflecting a decrease of 0.22% compared to Thursday’s close, this figure still remains 1.81% above the […]
Evergrande Seeks US Court Approval of Colossal Debt Review
The embattled Chinese property developer Evergrande Group filed for protection from creditors in a US bankruptcy court as part of one of the world’s largest debt restructurings, as anxiety grows over the worsening housing crisis and weakening economy in china. China unexpectedly cut several key interest rates this week in a bid to prop up […]
Chinese asset manager signals debt review, stokes contagion fears
A major Chinese asset manager has told investors it needs to restructure its debt, stoking fears that a chain of defaults will spread through the financial sector and cause a destabilizing shock to the country’s ailing economy. Zhongzhi Enterprise Groupwhich raises funds from companies and the general public and manages assets worth 1 trillion yuan […]
In 7 months Chancay megaport would have its Special Economic Zone
The formalization of a Special Economic Zone (EEZ) on the periphery of the Chancay megaport would be ready in 2023, with tax incentives to reduce Income Tax (IR) at a rate of between 18% and 20% for a period of up to three years. During the XX International Forum of Ports, organized by the Chamber […]
Scratch card games, an outlet for unemployed Chinese youth
The young chinese have difficulties earning a living and live in anguish over the increase in unemployment or the pressure in their jobs and many seek to escape with the games scratch cards that give them hope of becoming rich. Scratch off cards have become so popular that even “influencers” joined this trend. Chen Ying, […]
Price of the dollar today in Mexico: what is the exchange rate at this Thursday, August 17?
The price of dollar in Mexico trades higher in the early hours of Thursday, amid persistent concerns about the health of the economy of China and after the minutes of the last meeting of the Federal Reserve show that the authorities were divided on whether to continue raising rates. The exchange rate is listed at […]