Thursday , October 22 2020

Venezuela increases gasoline prices, devalues Bolivar

CARACAS / Bloomberg Venezuela boosted gasoline prices for the first time in almost two decades and devalued its currency as President Nicolas Maduro attempts to address triple-digit inflation and the economy’s deepest recession in over a decade. The primary exchange rate used for essential imports, such as food and medicine, ...

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Brazil economic activity drops less than forecast in Dec

Bloomberg Brazil’s economy shrank less than forecast in December, capping a year when Latin America’s largest nation entered its worst recession in decades. The seasonally adjusted economic-activity index, a proxy for gross domestic product, decreased 0.52 percent in December from the previous month, after falling a revised 0.64 percent in ...

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