Milei postpones the implementation of the ‘mattress dollars’ initiative in light of the upcoming City election. The administration of President Javier Milei has deferred the declaration of new initiatives aimed at incentivizing savers to reintegrate their accumulated dollars into the formal economy. Following a period of anticipation, Presidential Spokesperson Manuel Adorni stated on Thursday that the “economic … Read more
From current and recent policy changes, it is clear that Nicola Willis understands the benefits that the online casino industry in New Zealand can have for its economy. Online gambling is a divisive topic in many countries around the world, but it is one that you should not ignore and should acknowledge for the benefits … Read more
In April, Argentina experienced a more significant deceleration in inflation than anticipated, even in light of a shift in currency policy that market participants had predicted would increase volatility. Consumer prices increased by 2.8 percent from March, falling short of the 3.2 percent median estimate provided by analysts surveyed by Bloomberg. That figure has decreased from … Read more
Argentine utility Albanesi engages with creditors following a default on bond obligations. Two subsidiaries of Argentina’s utility Grupo Albanesi have contacted creditors following a missed payment on dollar bonds issued merely six months prior. Generación Mediterranea SA and Central Térmica Roca SA are engaging with bondholders to address a disagreement regarding US$19 million in interest that was … Read more
Fitch Ratings has upgraded Argentina’s credit rating, highlighting the nation’s efforts to eliminate currency controls and its achievement in obtaining multilateral funding. The ratings agency elevated the South American country’s status by one level to CCC+, placing it seven tiers into junk territory and aligning it with Ecuador and Sri Lanka, as stated in a … Read more
Now that the crypto market is recovering from its 2022-23 bear phase, there’s a growing interest in the upcoming presales. New technological trends, as well as the general uncertainty spilling over from traditional markets, are making alternative assets more attractive than ever. However, there are certain things to be aware of when making an early … Read more
The initial trade discussions under the Trump administration feature a diverse array of significant exporters alongside smaller economies, as the White House aims to secure agreements that may act as templates for future negotiations. The team of US President Donald Trump has identified approximately 20 partners as the primary targets for initial negotiations, according to individuals … Read more
In modern cryptocurrency markets, users need proper wallet management techniques to function securely. The security of your cryptocurrency requires both detailed strategic planning and established security protocols because hacking and wrong management cost the industry billions annually. The way you handle your wallet determines the success or failure of portfolio growth and asset preservation between … Read more
Corporate defaults are beginning to accumulate in Argentina as the policies of Milei take effect. As Javier Milei undertakes the removal of the distortions that have long plagued Argentina’s economy, signs of strain are emerging, particularly impacting companies that have accumulated debt by taking advantage of exchange rate discrepancies. The President has, over the past 16-plus … Read more
Argentina’s government is implementing new deregulatory measures that will enable individuals to utilize US dollars held outside the banking system without the need to disclose the source of the funds — a form of ‘sub-blanqueo’ whitewash designed to enhance liquidity, supported by a low exchange rate that necessitates a continuous oversupply of foreign currency. In … Read more