economy

U.S. economy down in first half of 2022

Published on: September 29, 2022
13:11

By: Pavel López Lazo

Washington, Sep 29 (Prensa Latina) The Department of Commerce (DOC) on Thursday reported the country's domestic economy shrunk less than originally registered in the first half of 2022.

Possible financial crisis forecast due to USD rebound

Published on: September 26, 2022
16:59

By: Pavel López Lazo

Washington, Sep 26 (Prensa Latina) Strategists at the financial multinational Morgan Stanley on Monday warned that the most recent rebound of the USD contributes to the "unsustainable situation" for riskier assets.

British pound hits record low after tax cut plans

Published on: September 26, 2022
16:25

By: Pavel López Lazo

London, Sep 26 (Prensa Latina) The Bank of England sought to reassure financial markets after the British pound touched an all-time low against the U.S. dollar Monday, but its entreaty drop flat for investors concerned about a sweeping package of tax cuts that further jolted a faltering economy that the government’s plan was meant to prop up.

Caravan against US blockade against Cuba on main streets of Panama

Published on: September 25, 2022
11:11

By: Ana Ibis Falcón Lamoth

Panama, Sep 25 (Prensa Latina) The eighth caravan of the Marti Association of Cubans Residents in Panama (Amcrp) will travel on Sunday on the main streets in this capital to demand the end of the United States blockade against Cuba.

Conflicting economic views exposed in Uruguay

Published on: September 23, 2022
08:41

By: Ileana Ferrer Fonte

Montevideo, Sep 23 (Prensa Latina) The distribution of the economic results in Uruguay on Friday has clear winners and losers, the Cuesta Duarte Institute at the PIT-CNT, the only trade union, stated.

Fed raises interest rates by 0.75 point to fight off inflation

Published on: September 21, 2022
19:27

By: Pavel López Lazo

Washington, Sep 22 (Prensa Latina) In its eagerness to control the highest inflation in nearly 15 years and with no signs of letting up, the Federal Reserve (Fed) on Wednesday has pushed its interest rates by another 0.75 percentage point, lifting the target range to 3% to 3.25%.

G20 ministers to discuss priority issues to restore global economy

Published on: September 21, 2022
10:53

By: Pavel López Lazo

Jakarta, Sep 21 (Prensa Latina) Amid critical energy situation, war conflict and geopolitical trends, the G20 Trade Ministers will review on Wednesday the global economic recovery following the Covid-19 pandemic.

Vietnam’s economy to grow 6,5%, ADB confirms

Published on: September 21, 2022
10:32

By: Alina Ramos Martin

Hanoi, Sep 21 (Prensa Latina) Vietnam's economy will close 2022 with an estimated growth of 6,5%, according to projections of the Asian Development Bank (ADB) released in this capital.

Cuba to participate in Argentina’s International Tourism Fair

Published on: September 20, 2022
00:15

By: Aleynes Palacios Hurtado

Buenos Aires, Sep 20 (Prensa Latina) Cuba will participate in the 26th International Tourism Fair in Argentina, slated from October 1 to 4 in the capital's La Rural exhibition center, Cuban Tourism Advisor Janet Ayala announced.

Egypt increases gas exports after adopting domestic savings plan

Published on: September 16, 2022
08:50

By: Luis Linares Petrov

Cairo, Sep 16 (Prensa Latina) The energy saving plan launched a month ago by Egypt allowed it to export two additional shipments of natural gas in recent weeks, an official source announced.

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