The US banking sector appears generally well positioned to weather the recent turmoil in the sector, but the experience could continue to weigh on credit conditions going forward, the bank said on Monday. Federal Reserve. In its semi-annual report on financial stability, the US central bank stated that overall funding risks for banks remain low […]
Tag: management
Colombia evaluates options to reduce the impact of the fuel price adjustment
The Colombian Government continues to evaluate options to reduce the impact of the liquid fuel price adjustment process that it is carrying out due to the deficit of the Fuel Price Stabilization Fund (FEPC), which in 2022 was 37 trillion pesos (about US$7.1 billion). This was reported on Monday by the ministries of Finance and […]
Bolivian government hopes to save reserves with controversial Gold Law
The controversial Gold Law project that the Government of Luis Arce trusts will help strengthen the depleted Bolivian international reserves received the go-ahead in the Senate, with which it only remains for the president to promulgate the norm for its validity. The norm was approved in a context in which dollars are also scarce. These […]
In Venezuela they announced “the death of wages” while rejecting the bonus policy
”What they announced was the death of wages!”, unionists and retirees shouted this Tuesday in a demonstration against the policy of the president of Venezuela, Nicolás Maduro, to increase monthly bonuses without increasing wages, the lowest in Latin America. “Yesterday the death of the salary was decreed, a salary that is US$ 5 with inflation […]
Colombia’s currency and public debt fall due to political turmoil after Petro announcements
The currency and the internal public debt of Colombia devalued on Wednesday due to political uncertainty after the president, Gustavo Petro, requested the formal resignation of all his ministers amid difficulties in the process and approval of a reform to the health system in The congress. The currency fell 1.67% to 4,587.31 units per dollar […]
EU to speed up how regulators tackle failing banks
The European Union plans, due to be presented next week, will seek to speed up the management of failed banks to ensure they are not bailed out with taxpayer funds, but rather using their own resources, EU documents show. EU seen by Reuters. According to the documents, the draft plans would require EU authorities, including […]
Brazil formalizes its return to Unasur after four years away
The government of Luiz Inácio Lula da Silva announced this Friday the return of Brazil to Unasur, a group created under the influence of left-wing administrations from which it left four years ago by decision of former President Jair Bolsonaro. “At a time of resumption of its main international alliances, Brazil will again be part […]
Faced with low birthrates, Japan takes the first step towards a “child-centered society”
Japan on Monday launched a new government agency tasked with coordinating policies aimed at support the birth and raising children, given the accelerated demographic decline facing the country. The organism, called Agency for Children and Familiesshould serve for “lead the creation of a society favorable to children and their care”, according to the Japanese Prime […]
World Bank says $411 billion will be needed to rebuild Ukraine
The World Bank (WB) calculates that some US$ 411,000 million (383,000 million euros) are needed to rebuild Ukraine after a year of Russian invasion, according to a report issued today by the institution together with the Ukrainian Government, the European Commission and the UN. The figure represents more than double the country’s Gross Domestic Product […]
Big bank, small bank: this is how the closure of SVB in the US is affecting
The recent debacle of the regional bank Silicon Valley Bank (SVB) of California, the sixteenth largest US bank by capitalization, has unleashed a financial tremor in the country, which is putting a dozen small and medium-sized corporations in trouble, and to a lesser extent the shares of financial giants. Since the authorities ordered the intervention […]