Category Archives: Business

Brazilian minister believes that the possibility of having a common currency with Argentina is “distant”

Brazilian Economy Minister Paulo Guedes considered that the creation of a common currency between his country and Argentina is something “distant”, but warned that this intention would not be possible if Alberto Fernández wins the presidential elections. The official explained that “when we talk about integrating with Argentina, we have to think that the countries that followed that process ended… Read more »

Mexico aims to be a smart city thanks to Fintech

The technology in the financial sector can help to position Mexico as an economic force in Latin America, according to financial expert Alexis Nickin. For the specialist, technological innovation in the financial sector has generated new opportunities in many areas. For example, it allowed Small and Medium Enterprises (SMEs) to gain credits and short-term benefits, which if they had been… Read more »

Argentina: The dollar continues on the upward path, rising almost 40 cents and closed at $43.78 in Buenos Aires City

The dollar advanced on Tuesday almost 40 cents and closed at $43.78 in agencies and banks of the City of Buenos Aires, thus prolonging the change in trend initiated at the beginning of the week, when it climbed just over 50 cents. This phenomenon is repeated in the Single and Foreign Exchange Market, where the wholesale dollar closed at $42.46… Read more »

AMLO asks senior finance officer to withstand pressure

President Andrés Manuel López Obrador asked the senior officer of the Ministry of Finance and Public Credit (SHCP), Raquel Buenrostro, to withstand all the pressures and threats, in order to meet the goal of savings in purchases of the federal administration. He claimed to have an agreement with Buenrostro to “support her in everything and to withstand all the pressures,”… Read more »

Trump points to cryptocurrencies: “They can facilitate illegal behavior”

The US president, Donald Trump, expressed on Thursday his distrust of cryptocurrencies, which in his opinion are not real money, and warned Facebook and other groups that want to venture into them that they must comply with global financial rules. “I am not a fan of cryptocurrencies, which are not money, and whose value is highly volatile and based on… Read more »