The new allowance rule? Allow for inflation

By Chris Taylor NEW YORK - If you are feeling the effects of inflation, here is a news flash: Your kid is, too. Allowances do not go as far as they used to. In fact, average weekly allowances are...

Vietnam Q3 GDP grows 13.67% y/y vs 7.83% expansion in Q2

HANOI - Vietnam's gross domestic product in the third quarter grew 13.67% from a year earlier, the fastest pace in decades, thanks to robust manufacturing and exports and a low base effect,...

New Zealand businesses less pessimistic in September

WELLINGTON - New Zealand businesses were less pessimistic in September with a mood lift evident in the construction sector, an ANZ Bank survey showed on Thursday. The survey's headline measure...

Argentina's economic crisis draws protests even as poverty rate eases

BUENOS AIRES - Argentina's deep economic slump drew thousands to the streets on Wednesday, as protesters demanded action to counter sky-high inflation and help the country's poor, even as data...

Australia's Star Entertainment keen to operate Sydney casino 'under supervision'

- Star Entertainment Group on Tuesday accepted the findings of an inquiry that stated the casino operator unfit to hold a licence in Sydney, but said it should be permitted to continue operating...

Argentine state-run miners launch first-time lithium project

BUENOS AIRES - Units of Argentina's state oil firm YPF will next month begin lithium exploration in a first-ever entry into the sector by state-run miners as the government aims to benefit from...

Fire in Argentina refinery kills three

BUENOS AIRES, Argentina (AP) — A fire at an oil refinery in southwestern Argentina killed at least three people early Thursday, according to local authorities.Firefighters worked throughout the...

ECB's Lagarde raises prospect of rate hikes beyond neutral level

FRANKFURT - The European Central Bank may need to raise interest rates to a level that restricts economic growth to combat unacceptably high inflation, ECB President Christine Lagarde said on...

Argentina cbank tightens FX access for soy exporters, hitting peso

BUENOS AIRES - Argentina's central bank has tightened access to the foreign exchange market by soybean exporters as it decided they are no longer allowed to trade on alternative markets, hitting...

Colorado Residents Can Now Use Crypto to Pay Taxes

PayPal lets users deposit, withdraw and hold a variety of cryptocurrencies. But the settlement of its crypto checkout service is in U.S. dollars. The service is available on the company's website...

POLL-Egypt's central bank to raise interest rates by 100 bps: Reuters Poll

CAIRO - Egypt's central bank will raise its overnight deposit rate by 100 basis points (bps) on Thursday as it tries to dampen resurgent inflation, a Reuters poll forecast. The median forecast in...

Europe races to prepare for energy crunch this winter

By Miranda Murray, Rachel More and Tassilo Hummel BERLIN/PARIS -European governments outlined new measures on Monday to cope with potential energy shortages this winter and raced to improve...

ECB Releases Scoring System to Cut Down on Buying Bonds From Polluting Firms

By Scott Kanowsky Investing.com -- The European Central Bank unveiled on Monday a new scoring system that it will use to reduce its holding of corporate bonds that pose environmental risks. In a...

IMF staff back $4 billion tranche for Argentina, praise 'decisive' steps

BUENOS AIRES - The International Monetary Fund (IMF) has reached a staff-level agreement on Argentina's $44 billion extended fund facility arrangement, which should unlock nearly $4 billion in...

Venezuela welcomes home seized aircraft's crew from Argentina

CARACAS - Venezuela on Friday welcomed home a dozen flight crew members detained in Argentina since June after their plane was held for suspected terrorism ties, according to state...

Lula campaign mulls new mining royalties in Brazil, spooking industry

By Rafaella Barros RIO DE JANEIRO - Brazilian presidential frontrunner Luiz Inacio Lula da Silva is considering raising royalties on certain mining projects if elected, a campaign adviser told...

Auto industry ad spend falls to $4.8 billion in first seven months of 2022

- U.S. auto industry ad spend for the first seven months of this year fell 4% year-on-year as inventory shortages crimped sales even as vehicle demand stayed strong, according to data from an...

The selling pressure is feeding on itself:' ARK, meme stocks tumble as Fed hike looms

By David Randall NEW YORK - Sizzling inflation that helped send 2-year U.S. Treasury yields to fresh 14-year highs continued to burn some of the winners of the so-called pandemic bubble...

Nearly two-thirds of Argentines see economy getting even worse: poll

BUENOS AIRES - Nearly 64% of Argentines fear the country's ailing economy will get even worse in the coming months, according to a survey published on Friday, against a backdrop of surging...

Argentina inflation nears 80%; spiraling prices squeeze shoppers

By Hernan Nessi and Miguel Lo Bianco BUENOS AIRES - Argentina's monthly inflation blew past forecasts at 7% in August and soared to nearly 80% from a year earlier, a government agency reported on...

I live in a $250-a-month apartment in Buenos Aires. Here's a breakdown of what I spend for a life I love

Christine Gilbert has lived in Argentina's capital for six years. She breaks down her spending, including on her apartment that's just $250 a month.

Argentine chamber allows release of Venezuelan plane's detained crew

BUENOS AIRES - An Argentine judicial chamber has allowed 12 of 19 crew members of a Venezuelan plane to leave Argentina, local media reported on Tuesday, after the plane was detained in June due...

Old and young Britons honour departed Queen, greet new King

By Stuart McDill LONDON - Elderly British army veterans known as the Chelsea Pensioners honoured Queen Elizabeth in London on Tuesday with a solemn historical rite, while in Northern Ireland a...

Argentina arrests new suspect in attack on vice president -local media

BUENOS AIRES - Argentine authorities have arrested a woman suspected of participating in the organization of the failed assassination attempt on Vice President Cristina Fernandez de Kirchner...

Argentina inflation, heading towards 100%, seen easing back from July peak

By Hernan Nessi BUENOS AIRES - Argentina's inflation rate, heading towards 100% this year, likely eased in August versus a 20-year peak the month before, analysts polled by Reuters said, bringing...

Buenos Aires Might Implement Blockchain Systems to Make Social Aid Payments

Dario Nieto, a lawmaker in the city of Buenos Aires, has introduced a bill that would use blockchain systems to make social aid payments in order to bring clarity to these activities. Nieto has...

SpaceX appeals U.S. FCC rejection of rural broadband subsidies

By Joey Roulette WASHINGTON -SpaceX on Friday challenged the U.S. Federal Communications Commission's (FCC) decision to deny the space company's satellite internet unit $885.5 million in rural...

Argentina's inflation rate expected to hit 95% this year

BUENOS AIRES - Economists hiked their estimate for annual inflation in Argentina this year to 95%, a monthly poll published Friday by the central bank showed, as the country struggles to overcome...

With carrot and stick, Argentina government drives soy sale bonanza

By Maximilian Heath BUENOS AIRES - Argentine farmers are under pressure to sell their soy stocks, with the government rolling out carrot and stick incentives and punishments for stock hoarding in...

Argentina's depleted FX reserves get timely soybean boost

By Jorge Otaola BUENOS AIRES - Argentina's central bank is set to end the week with over $1 billion of foreign currency purchases, boosted by a government drive to stimulate soybean exports, the...

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