fbpx
SAUDI ARAMCO OIL FACILITY ON FIRE

Saudi Arabia: oil soars and stocks dip after attack

Oil prices hit four-month highs on Monday after attacks on crude facilities in Saudi Arabia fuelled worries over the impact of an oil shock on economic growth

 Prince Salman bin Abdulaziz

Saudi Arabia affirms that the OPEC+ alliance will remain long term

The new Minister of Energy of Saudi Arabia, Abdulaziz bin Salman, also asked OPEC members to meet the production objectives

Shelving with oil bottles.

Argentina: Oil workers strike hits exports

Official sources indicated that the situation of the industry is critical and that the tax burden is not allowing to achieve the necessary profitability

Tens of thousands of Argentines march against Macri amid crisis

Protesters gathered in Buenos Aires to claim President Macri for better wages and food aid for the lower class

Person counting bills from Argentina.

Argentina limits foreign exchange purchases and transfers abroad

The government announced on Sunday a series of strict financial controls to try to stop the persistent collapse of the peso

Woman holding a tablet showing statistics.

Economic uncertainty grows in Argentina due to crisis

Mauricio Macri announced that he would seek to extend the terms of the obligations to relieve pressure on local currency and central bank reserves

View of the Glencore office building in Baar, Switzerland

Despite losing lawsuit, Colombia will only return US $19 million

The mining company asked to recognize damages after the Colombian Comptroller General imposed a fine in 2016

US dollar bill and a Chinese yuan bill are seen between the United States and China flags

USA vs China: Latin American currencies suffer with the trade war

The tariff dispute between the United States and China will have Latin American currencies trading under strong pressure

President of Mexico Andrés Manuel López Obrador during a morning session on national television.

AMLO refuses to be worried about Mexican economy stagnation

"We are doing very well, very different from what the experts think," said Andrés Manuel López Obrador

Tourists swimming on the beach of Biarritz, France. August 23, 2019

As G7 leaders arrive, tourists are affected

The scene comes less than 24 hours before world leaders, arrive for a G7 summit in France's southwest to navigate their differences on global issues 

Jerome Powell, President of the Federal Reserve System

Shares fall slightly while investors seek clarity on Fed stance

Fears for the fragility of the global economy were evident in data known in Europe

Exploitation of the land in the Salar de Atacama in Chile

Chile: SQM is affected by the collapse in lithium sales

The Chemical and Mining Society of Chile (SQM) is one of the world's largest producers of light metal used for electric car batteries

Two people in a supermarket

Peruvian economy recovers in June and minister says "the worst is over"

In June last year, growth was 2.09% year-on-year

Photograph of a gasoline dispenser

OPEC sees bearish oil outlook for the rest of 2019, points to 2020 surplus

The Organization of Petroleum Exporting Countries lowered its forecast of oil demand growth by 40,000 barrels per day (bpd) this year

Andrés Manuel López Obrador, president of Mexico.

Key rate cut in Mexico stimulates economic growth: AMLO

Mexican President Andrés Manuel López Obrador said that the benchmark interest rate cut by the central bank stimulates economic growth

View of a shelf in supermarket

Cuban government imposes price controls as it seeks to keep lid on inflation

The measures included increased wages and pensions for more than 2 million state employees

Photo of a laptop showing financial analysis figures

Stocks gain on stimulus hopes but still head for third losing week

Stocks took a beating this week after the U.S. yield curve

Mauricio Macri, president of Argentina.

Mauricio Macri shelves sales taxes as he seeks to cut left's lead

Macri announced an end to sales taxes on basic food products until the end of the year in a bid to salvage his re-election prospects and end an economic crisis

Financial graph seen from the screen of a laptop

The fear of a "default" in Argentina increases after the collapse of the markets

The Credit Default Swap (CDS) prices for Argentina's five-year debt totaled 2,116 basis points

Colombian Central Bank seeks to lower inflation, but without hurry

The bank manager said that inflation would end this year by 3.6% due to temporary shocks in the prices of food and regulated products

We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…