Investments and Business

As Americans continue to see a relief in prices Every month, Argentines have to face an inflation that seems to have no control, since in February it exceeded 100 percent.Inflation in the United States eased again in February and stood at 6 percent annually, its lowest level for a year and a half.(Also read: What does it mean that inflation has exceeded 100% in Argentina?) The data is known in a context of difficulties for the Federal Reserve (Fed), which is under pressure due to the bankruptcy of the Silicon Valley Bank and two other entities before their monetary policy…

"Pension funds should not play roulette like in a casino, nor make decisions based on political criteria or hasty or short-term actions."Such was the response of Santiago Montenegro, President of Asofondosunion of private funds (AFP), to the proposal of President Gustavo Petro to bring the resources that these funds have abroad to invest them in the local market and thus protect them from a possible crisis, regarding the bankruptcy of Silicon Valley Bank (SVB), which rocked the markets on Monday of this week.(Also read: Do you have more than 1,000 weeks of contributions? The pension reform would not affect you)…

The earnings of Colombian financial sectorwhich includes banks and other credit institutions, insurers, trust companies, stock brokers and special official entities, among others, totaled more than 24.9 trillion pesos, 6.2 percent more than the 2021 record, according to what announced the Financial Superintendence.(Also read: Superfinanciera warns banks for war in purchase of credit portfolio) Of that amount the earnings attributable only to banks that operate in the country totaled 14.2 trillion pesos, which indicates that it is 57 percent of the total amount of profits of the financial system last year. Banks only earned 2.14 more in 2022 than in…

Before the production unions and the labor unions, the Government presented yesterday, after several months, the draft of the pension reform with which it is intended to transition to a unified system that is mostly public, in which Colpensions have a greater weight.If the project is approved, which will finally be filed on March 22, all people who will earn up to 3 minimum wages a month will have to start making mandatory contributions to Colpensiones, and the pension fund administrators (AFP) will receive contributions that exceed that amount.(Read also: This is what the pension reform project brings) With this,…