On Tuesday, the Chicago Board of Trade (CBOT) witnessed significant spikes in the prices of key staples like wheat and corn. This surge is primarily driven by the anticipation of reduced global supplies due to severe drought conditions affecting major producers such as Russia and the United States. The situation has grown more complex due […]
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Uruguay moves forward with local currency debt financing and reduces its dependence on dollar loans
Uruguay is making strides toward its US$4.3 billion financing goal this year by issuing local currency debt on the domestic capital market. The move is a strategic response to slowing inflation, enabling Uruguay to decrease its dependence on dollar-based loans, according to Azucena Arbeleche, the Minister of Economy and Finance. As of this year, Uruguay […]
Amazon Pumps $4 Billion into AI Startup Anthropic
Amazon intends to invest $4 billion in the AI startup Anthropic, bolstering its ambition to lead in AI. Anthropic will shift most of its software to Amazon Web Services (AWS). They will also use AWS chips to train their AI models. In return, Anthropic gains essential financial support for large-scale operations. Interestingly, Amazon will own […]
Moody’s Warns of Argentina’s High Debt Default Risk
Argentinian bonds are among the cheapest globally and perform worse than those from Ukraine, a country currently at war. Sergio Massa, the current Economic Minister and a candidate for President, recently spoke about this. He said the prior debt restructuring was not effective. In this setting, Moody’s Investors Service issued a warning. They say Argentina’s […]