Tuesday, June 6, 2023

Recommended reading of the week: Crisis continues in Peru and startups review strategy

BUENOS AIRES – Another week ended marked by the political crisis in Peru and reactions in the region, but also by key economic indicators such as inflation and the Fed meeting in the United States. The impact of these news on the markets were some of the axes of the week.

About Peru This Friday the Peruvian Congress failed to hold early elections. While the Congress took to the streets and demanded, rejecting the premature elections, Demonstrations continued in various regions of the country and resulted in over 50 injuries, hundreds affected and over 20 deaths., Peru’s government declared a state of national emergency last Thursday. While curfew is in force in 15 provinces for the next four days from this Friday.

in the United States, Core CPI posted smallest monthly increase in more than a year This shows that the worst of inflation is likely to be over. after knowing this information The Federal Reserve slowed down its rapid pace of interest rate hikes: The Federal Open Market Committee raised its reference interest rate by 50 basis points to position it between 4.25% and 4.5%. still, The US stock market declined for the third consecutive day on Friday.

In addition to headline news, this week Bloomberg Linaya released its list of the 100 most influential Latinos, which highlights the region’s contributions to the world.

100 influential latinos

Bloomberg Lina published this week’s list of the 100 Most Influential Latinos, A sample of the melting pot of diversity that characterizes Latino in fields as diverse as business, education, science, the arts, sports, and entertainment.

In addition to Latin America’s contribution to the global economy (having countries as members of the OECD being one of the most prosperous regions in manufacturing), the Latino community in the Americas is one of the fastest growing in terms of its GDP. , In fact, If the 62 million Latino or Hispanic people in that country constituted a country, they would be the fifth largest economy in the world with a GDP of US$2.8 trillion.

Why do startups fail after millionaire investment?

from some investment funds There is a perception in the sector that companies that have received a lot of investment in recent years, what they call “free money”, and did so with high valuations, have a very complicated outlook today and that is why they Not surprised what’s happening with the wave of layoffs and other adjustments they’ll have to make to fix their finances.

Conditions are forecast to be equally challenging for 2023 Between inflation and higher interest rates for businesses.

It would be better to postpone the IPO amid the economic scenario

Chile’s unicorn butterfly has not been oblivious to a landscape of economic uncertainty. Despite presenting itself as one of the fastest growing companies, the company of brothers Eduardo and Cristóbal Della Maggiora readjusts its priorities and Going public is no longer an option in the near future, but profitability is.

Panama under international scrutiny for a possible maritime monopoly

The World Maritime Industry describes Panama’s new policy of letting a single company, Monjasa, SA, as “monopolistic”.Ability to provide bunker service to ships in the port of Amador in the Atlantic, in the Pacific and in the port of Colón 2000. This measurement is given only when the 2022-2023 cruise arrival season begins in the country, A situation that maritime companies argue hinders activity, as they maintain that the communication offered lacks explanation.

What is the status of the BNDES and CAF credits for the Néstor Kirchner gas pipeline?

The Argentine government assured this week that it has the loan to proceed with one of the most important infrastructure works in the country, which will allow them to reverse the energy trade balance. Despite the optimism, And as Bloomberg Linea was able to find out, The loan has not been confirmed with the Development Bank of Brazil (BNDES) and the Development Bank of Latin America (CAF), and was not even formally requested in the former’s case.

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