Argentina Creates New Exclusive Exchange Rate For Credit Cards Of Tourists
The Argentinian government created a new exchange rate exclusive for tourists on Friday that would allow them to get more of the local currency per dollar than they would in the official exchange.
Cumulative Inflation In Argentina Likely To Climb Above 300 Percent By End Of Year
Argentina is facing some of the world’s highest inflation, and under the current government’s cumulative inflation, it could climb above 300% by the end of 2022.
Venezuelan Oil Partners Exit Business With Country By Leaving Debt Off The Table As Inflation Rises 300% This Year
The inflation rate in Venezuela has hit over 300% in the past three months, as business partners in the country's oil industry are looking to leave even as they incur a loss when they do so.
Putin On Charm Offensive? Russian President Visits Injured Soldiers First Time Amid Ukraine War
Vladimir Putin went to visit injured Russian troops for the first time since sending military invading forces to Ukraine in a new charm campaign launched by the military.
Inflation Soars In Russia, International Sanctions Making Life Difficult
The cost of living in Russia is rising, a result of the international sanctions set for their invasion of Ukraine.
Biden Mulls Launch Of Crypto 'Digital Dollar' As US Inflation Reaches 40-Year High
With inflation at a 40-year high, President Joe Biden on Wednesday signed an executive order instructing the Treasury and Commerce Departments and corresponding agencies to report back to him on the future of money as the country explores if it should create its own crypto-like U.S. Central Bank Digital Currency.
How Russia's Invasion Of Ukraine Will Affect The US
The United States and other countries are expected to feel the pinch of inflation and rising oil prices with Russia carrying out its feared invasion plans.
US President Biden Goes Off On Journalist For Inflation Comment
US President Joe Biden reacts to an inflation-related question by journalist, calling him a "wise-guy."
US President Joe Biden Approval Rating Dipping, Poll Finds
The approval rating of US President Joe Biden has been dropping according to an ABC/ Ipos poll.
Venezuelan President Nicolás Maduro Announces 30 Percent Raise Of Minimum Wage
It's the second minimum wage hike in 2014 in Venezuela, where inflation hit 56 percent in 2013.
Argentina Economy News: 75% Think Country's Economy Is Failing
A new report finds that Argentineans are deeply concerned about the country's economic state.
Venezuelan President Nicolas Maduro Says He'll Fight ‘Economic War’ With Ban On Inflation
Days after the Venezuela Central Bank announced that inflation in the past year had climbed to 54 percent, Maduro said that five locations at a major appliance chain, Daka, were having their merchandise confiscated to be resold at a "fair price".
Japanese Yen Collapse: Dollar Worth Over 100 Yen After Currency's Latest Fall
The fall in the value of the yen is partially attributable to Prime Minister Shinzo Abe's inflationary policies.
ECB Risks Inflation Remit if Supervises Banks: Weidmann
Putting the European Central Bank in charge of banking supervision in Europe risks compromising the ECB's primary goal of price stability, governing council member Jens Weidmann said.
Muted inflation supports more Fed easing
Consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest in more than 1-1/2 years, giving the Federal Reserve room to ease policy further to tackle high unemployment.