Blue-chip swap rate hit record 408 pesos: what analysts think
The blue-chip dollar swap rate peaked at a record AR$408 on Friday, its highest nominal value ever, before closing at AR403.57, up by more than 10 pesos (3%) in the last three days of the week. The blue-chip swap rate, also known as contado con liqui or CCL, is used exclusively in the financial world. It is obtained by investors buying shares and financial instruments in pesos and selling them in dollars on the international market. In this context, the report’s authors predict that the Central Bank will have to tighten capital controls “over the next months”. The Central Bank participates in a committee that makes such analyses but does not make its conclusions public.
Source:Bueno Aires Herald
March 18, 2023 22:23 UTC
Brazil looks to regulate monetized content on internet
The Brazilian government is studying whether to regulate Internet platforms with content that earns revenue such as advertising, its secretary for digital policies, Joao Brant, said on Friday. The idea would be for a regulator to hold such platforms, not consumers, accountable for monetized content, Brant told Reuters. Platforms would not be held responsible for content individually, but for how diligent they are in protecting the “digital environment,” he said in an interview. Brant did not detail what the regulatory body would look like, but said the government wants to regulate monetized content and prevent the platforms from spreading misinformation. Meta questioned its responsibility for removing content without a court decision in a case involving a fake Facebook profile.
Source:Bueno Aires Herald
March 18, 2023 21:34 UTC
Google Pixel 7 (Unlocked) Price Drops 16% From $599 to $499; Check Out Deal
AdvertisementThe cost of the Google Pixel 7 has been reduced from $599 to $499. Best Buy has this fantastic deal on the Google Pixel smartphone. Now available on Best Buy for $499 instead of $599, the Google Pixel 6 Pro is now 16% less expensive. With Google Pixel 7 5G, you may continue with your everyday activities, save a variety of files, and capture beautiful moments. Google Pixel 7 SpecificationsThe Corning Gorilla Glass Victus layer covers the 6.3-inch OLED front screen of the Google Pixel 7 5G, which has an 83.4% screen-to-body ratio.
Source:The Bubble
March 18, 2023 19:24 UTC
Argentine ambassador leaves Ecuador amid diplomatic row
Argentine Ambassador to Ecuador Gabriel Fuks has left the country amid a diplomatic furore caused by former Ecuadorian minister María de los Ángeles Duarte fleeing from the Argentine embassy in Quito. She had been living as a guest in the Argentine embassy in Quito since 2020 and was granted diplomatic asylum there in 2022, along with her son, whose father is Argentine. On Monday, she fled to the Argentine embassy in Caracas, Venezuela — Ecuador considers her a fugitive. “And not on one, but multiple occasions.”The Argentine government denies Fuks’ involvement in Duarte’s escape and contends that her surveillance was under the Ecuadorian security force’s jurisdiction. Both countries expelled their ambassadors as a result of the diplomatic row, although bilateral ties have not been cut.
Source:Bueno Aires Herald
March 18, 2023 06:45 UTC
Destitution threshold jumped by 12% in February
The INDEC considers that a family is “destitute” when their monthly income is less than the basic food basket. A family is considered to be in poverty if they earn less than the basic food basket plus services, known as the total basic basket. The INDEC reported that the poverty threshold for February was AR$177,063 – an 8.3% increase compared to January. The year-on-year increase for the basic food basket and the total basic basket were 111.3% and 115.1% respectively. That means that products that were part of the total basic basket and the basic food basket soared more than the general prices of the economy.
Source:Bueno Aires Herald
March 18, 2023 06:45 UTC
Samsung T350 Series 24″ IPS LED Monitor Price Drops 39% From $179 to $109; Check Out Deal Now!
AdvertisementThe price of the Samsung T350 Series 24″ IPS LED Monitor has dropped from $179 to $109. The cost of this Samsung LED Monitor has been discounted by 39% on this website, from $179 to $109. A seamless display with a three-sided borderless display that reaches from edge to edge for immersive viewing and maximum focus. Samsung T350 Series 24″ IPS LED Monitor specificationsMaximum attention with a minimalist design. Tones and shades appear totally accurate from nearly any angle, even on a display this large, with no colour washing.
Source:The Bubble
March 14, 2023 07:42 UTC
TCL 30XL (Unlocked) Price Drops 36% From $199 to $127; Check Out The Offer
The TCL smartphone is available at this low price on Amazon. The TCL 30 XL is an excellent choice if you’re searching for a phone with a smooth display, a great camera profile, and great performance. TCL 30XL SpecificationsThe TCL 30 XL’s bezel-free front screen is 6.82 inches in height and is an IPS LCD. The TCL 30 X has four lenses on the rear. To handle the gaming and graphics requirements, a PowerVR GE8320 and MediaTek Helio A25 chipset are used in the TCL 30 XL.
Source:The Bubble
March 13, 2023 20:15 UTC
Google Pixel 6 Pro 5G (Unlocked) Price Drops With A massive 49% Discount; Check out deal now!
AdvertisementThe Google Pixel 6 Pro 5G price has dropped from $639.00 to $324.00. This amazing offer on the Google Pixel smartphone is available on Amazon. The price of Google Pixel 6 Pro has been now reduced by a massive 49% discount on Amazon, dropping it from $639.00 to $324.00. Google Pixel 6 Pro makes it possible to perform multitasking and longer operations on the go. Google Pixel 6 Pro 5G SpecificationsThe Google Pixel 6 Pro’s 6.7-inch P-OLED bezel-less display includes a punch-hole design.
Source:The Bubble
March 01, 2023 08:50 UTC
Motorola G Stylus (Unlocked) price drops with a massive 40% discount; Check out deal now
AdvertisementThe Moto G Stylus cost has been cut from $299.99 to $179. The Moto G Stylus is one of the few mid-range smartphones with a built-in stylus. Moto G Stylus SpecificationsThe Moto G Stylus has a 6.4-inch (16.26-cm) IPS LCD touchscreen display with a bezel-less resolution of 1080×2300 pixels. The Moto G Stylus phone has three back cameras, the primary of which is a 48MP camera. The Qualcomm Snapdragon 665 chipset powers the Moto G Stylus.
Source:The Bubble
March 01, 2023 07:08 UTC
BCRA to hold interest rate at 75% as inflation reheats, bank sources say
Argentina’s central bank is set to hold its benchmark interest nominal rate steady at 75% this week despite inflation gaining pace once more, but hopes of a potential rate cut early this year are fading as prices heat up, bank sources (BCRA) told Reuters and The Herald. It put the breaks on monetary tightening in October, and has since left the benchmark rate unchanged on hopes that inflation, running near 100% annually, was cooling. Although monthly inflation has ticked up since December, the central bank is not expected to make a new hike. An official central bank source said a rate hike debate was not expected to be “on the agenda” ahead of the board’s weekly meeting on Thursday. A central bank adviser told Reuters on condition of anonymity that the rate was unlikely to be raised or lowered this month.
Source:Bueno Aires Herald
February 16, 2023 01:30 UTC
Crop export revenues could fall 23% after drought
Argentina’s drought-stricken crops could bring in 23% fewer export dollars this season versus a year earlier, the Buenos Aires grains exchange said in a report on Tuesday. For much of the last year, Argentina’s worst drought in sixty years has delayed planting and withered crop outlooks, making life ever harder for farmers in a country where inflation nears 100%. The agriculture sector’s export revenues from the 2022/2023 harvest are expected to fall to $33.39 billion, the exchange said. The grains exchange forecasts 2022/23 soybean and corn production, crops whose harvest begins in April, at 38 million tonnes and 44.5 million tonnes respectively. As recently as September, the exchange had forecast the soybean crop at 48 million tonnes and corn at 50 million tonnes, a sign of the drought’s toll.
Source:Bueno Aires Herald
February 15, 2023 20:25 UTC
Argentina inflation hopes already look hard to reach, poll shows
That rise, if confirmed, would mark an acceleration for prices after a 5.1% bump in December, renewing the challenge for the Peronist government. Argentina has one of the highest inflation rates worldwide, which hurts people’s spending power and savings with wage hikes often falling behind prices, something that has hit President Alberto Fernandez hard in public opinion polls. Argentina economy minister Sergio Massa said in December that his aim was to reach monthly inflation below 4% in April. A central bank poll suggests 2023 inflation could near 100% after ending last year at 95%, the highest since 1991. The country’s official statistics body INDEC is expected to release official January inflation data on Tuesday.
Source:Bueno Aires Herald
February 13, 2023 22:35 UTC
Officials blame “mafia” for Russian birth tourism boom
Argentine officials have blamed organized “mafias” for promoting birth tourism to Russian mothers-to-be after several pregnant women were temporarily prevented from entering the country. Since the invasion of Ukraine, thousands of Russian women have come to Argentina looking to get their children citizenship. Russians can travel to Argentina without a visa, where all newborns are granted citizenship automatically, making it an attractive destination for so-called birth tourism. Last Friday, six pregnant Russian women said that they were being held at the border in Ezeiza airport, unable to enter the country after immigration officials accused them of being “fake tourists”. “It’s a cruel, inhumane, degrading treatment to pregnant women who are traveling by themselves,” he said, adding that women who had come with their partners were not stopped at the airport.
Source:Bueno Aires Herald
February 13, 2023 21:19 UTC
Bolsonaro mulls return to Brazil in coming weeks
Former Brazilian president Jair Bolsonaro said on Saturday he plans to return to Brazil “in the coming weeks,” after having spent more than a month in the United States. Bolsonaro flew to Florida two days before incumbent Luiz Inacio Lula da Silva was sworn in as the new president on Jan 1, and later applied for a six-month tourist visa to continue his stay in the United States. “There is no place like home … We know Brazil is a fantastic country,” Bolsonaro told a gathering of Brazilians in Boca Raton, a video posted online by broadcaster CNN showed. “I also want to return to Brazil. I intend to return to Brazil in the coming weeks.”Brazil’s Supreme Court has agreed to open an investigation into Bolsonaro for allegedly encouraging anti-democratic protests that ended in the storming of government buildings by his supporters in Brasilia.
Source:Bueno Aires Herald
February 13, 2023 00:52 UTC
Peru central bank: early info shows protests affecting growth and inflation
It is the worst violence in Peru in two decades and threatens to destabilize one of region’s most reliable economies. Armas’ comments come a day after the central bank maintained its benchmark interest rate at 7.75%, making it the first time since the second half of 2021 that the bank did not hike its rate. On Thursday, the International Monetary Fund called inflation Peru’s most immediate policy challenge, in a statement following a staff visit to the country. Armas highlighted that inflation was seen to be on a “downward” trend, with January’s figures slightly better than expected. The bank now forecasts inflation for early 2024 to reach 4.62%, above the previous forecast of 4.3%.
Source:Bueno Aires Herald
February 11, 2023 05:34 UTC