Category Archives: Business

The Fed will lower its rates for the first time in eleven years: 80% of the market expects to cut 25 basis points

On Wednesday, the central bank of the United States prepares to lower its interest rates for the first time in eleven years. The Monetary Committee concludes on Wednesday a two-day meeting after which Jerome Powell, president of the Federal Reserve, will hold a press conference. The Fed has already said on several occasions that trade uncertainties, the weakness of world… Read more »

The largest bank in the US warns that the “century of dominance” of the dollar is ending

The dollar could lose its status as the main reserve currency in the coming decades, collapsed by the growing power of Asian economies, warns Craig Cohen, a strategist at JPMorgan Chase Bank. In a recent article, the analyst recalls that the dollar “has been the dominant reserve currency in the world for almost a century”, but predicts that “it could… Read more »

Nissan to lay off 12,500 employees worldwide amid restructuring

The Nissan announced on Thursday a cut of 12,500 employees in six operations in the world, in the midst of a restructuring and falling sales process. In the first quarter of the fiscal year (April to June), the group’s net profit plummeted 94.5% to 6.4 billion yen (about 52 million euros), according to a statement released today. Nissan’s global sales… Read more »

The dollar recorded another rising day and broke the $44 barrier in the City of Buenos Aires

The dollar advanced 17 cents on Wednesday and was sitting, on average, at $ 44.06 in agencies and banks of the city ​​of Buenos Aires, as a consequence of the uncertainty generated by the primary, open, simultaneous and mandatory elections. This is because unlike what happened in the previous round, the international market was stable. Meanwhile, the wholesale dollar closed… Read more »

Coca-Cola grows with other products and launches alcoholic beverage

Coca-Cola announced last Tuesday that they will sell their first alcoholic drink in Japan and can take the product to other countries. This new product, named Lemon-Do, is a version of what in the Asian country is known as shochu, a crimson drink based on a lemon-flavored grain ferment. Japan’s liquor market has been shrinking due to the shrinking population,… Read more »