Analysis: The Central Bank’s interest-bearing liabilities are not the main problem
Of that, 10 percentage points would correspond to recovering Central Bank interest-bearing liabilities (LELIQ and repo operations). On the contrary, the Central Bank uses these interest-bearing liabilities to regulate the monetary volume and short-term reference rates. Since the day after the runoff, Milei has been making comments about solving the problem of the central bank’s interest-bearing liabilities as soon as possible to enable the elimination of currency controls. However, of all the Argentine economy’s problems, interest-bearing liabilities are by no means the most important. If progress is made in that direction, the stock of interest-bearing liabilities will be reduced, thus making exchange rate unification possible.
Source:Bueno Aires Herald
November 25, 2023 11:18 UTC
Jowell Global Ltd. Announces First Half 2023 Unaudited Financial Results
Our household products revenue for the first half 2023 increased by about $17.4 million or 56.1% as compared to the same period of 2022. Cost of revenues of household products for the first half 2023 increased about 67.0% as compared to the same period of 2022. Cost of revenues of household products for the first half 2023 increased about 67.0% as compared to the same period of 2022. Fulfillment expenses as a percentage of total revenues were 2.3% in the first half of 2023, up from 1.7% in the first half of 2022. The decrease was primarily due to a $0.9 million decrease in bad debt expense and $1.0 million decreased in share-based compensation of services provided.
Source:The Bubble
November 25, 2023 10:18 UTC
LLA economic advisor says he’s cutting formal ties with Milei’s party
Economist Carlos Rodríguez said Friday that he was “ending all formal ties regarding economic advisory” with La Libertad Avanza (LLA). Rodríguez was part of a an LLA team that met with the IMF following the libertarian economist’s victory in the August primaries. Today is the right time, given that Javier [Milei] has designated the Economy Minister and changed the president of the Central Bank. He’s not the right person; being the economy minister has a different set of job requirements,” Rodríguez said. Carlos Rodríguez graduated as an economist from the University of Buenos Aires and has a PhD from Chicago University.
Source:Bueno Aires Herald
November 24, 2023 19:47 UTC
Buenos Aires Herald
The libertarian bested Peronist candidate and current Economy Minister Sergio Massa, winning 56% of the vote to Massa’s 44%. During the first presidential debate, Milei noted that he had since apologized to the spiritual leader of more than two-thirds of Argentines. On the home front, Milei unofficially confirmed a number of ministers and that his government will have just eight ministries, half of the current number. The latter two “Frankenstein’s ministries,” as we’ll call them, are both amalgamations of numerous current cabinet-level agencies.And what of Sergio Massa? Having appointed a four-person transition group to coordinate with Milei’s economy team, Massa later said that he would remain in office until Alberto Fernández’s term ends on December 10.
Source:Bueno Aires Herald
November 24, 2023 17:13 UTC
MARPAI TO HOST INVESTOR WEBCAST ON NOVEMBER 29, 2023
AdvertisementNEW YORK, Nov. 23, 2023 /PRNewswire/ — Marpai, Inc. (“Marpai” or the “Company”) (Nasdaq: MRAI), an independent national Third-Party Administrator (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans will host an Investors Webcast on Wednesday, November 29 at 8:00 a.m. Marpai works to deliver the healthiest member population for the health plan budget utilizing our proactive data analytics programs and partners. Operating nationwide, Marpai offers access to leading provider networks including Aetna and Cigna and a full suite of TPA services. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Except as required by law, Marpai does not undertake any responsibility to revise or update any forward-looking statements whether as a result of new information, future events or otherwise.
Source:The Bubble
November 24, 2023 15:39 UTC
Canadian Investment Regulatory Organization Trade Resumption – STER
AdvertisementVANCOUVER, BC, Nov. 23, 2023 /CNW/ – Trading resumes in:Company: Steer Technologies Inc.TSX-Venture Symbol: STERAll Issues: YesResumption (ET): 9:30 AM 11/24/2023CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/ResumptionsDisclaimer: The above press release comes to you under an arrangement with PR Newswire. Bubblear.com takes no editorial responsibility for the same.
Source:The Bubble
November 24, 2023 09:30 UTC
Messi’s 2022 World Cup jerseys go up for auction
Six jerseys Argentine football superstar Lionel Messi wore during the 2022 Qatar World Cup will go up for auction. “[We] are announcing the auction of six jerseys I wore during the 2022 World Cup, including the one I wore during the final,” Messi wrote. The jersey’s will be on [famed auction house] Sotheby’s website from November 30 to December 14. The most expensive football jersey is Diego Maradona’s 1986 World Cup quarterfinals kit, which went for US$9.28 million in Sotheby’s London in May of the same year. Messi’s jerseys will be displayed to the public at Sothesby’s New York, from November 30 to December 14.
Source:Bueno Aires Herald
November 23, 2023 17:15 UTC
‘Card dollar’ exchange rate rises to almost AR$950 after tax hike
The government has increased the taxes that apply to the dólar tarjeta (card dollar) exchange rate, bringing it to AR$950 to the dollar. The card dollar is the exchange rate applied to purchases made with Argentine credit or debit cards abroad. This means the card dollar will now incur a 155% tax on the value of the official dollar, which closed at AR$375 on Wednesday. Thus, the card dollar is now valued at around AR$950 this Thursday, amid the presidential transition process. That means the card dollar rate will be adjusted in line with that policy.
Source:Bueno Aires Herald
November 23, 2023 17:11 UTC
PharmAbcine Publishes Study in Science Advances Demonstrating the Potential of PMC-403 in Preclinical Models of Idiopathic Systemic Capillary Leak Syndrome
PharmAbcine Publishes Study in Science Advances Demonstrating the Potential of PMC-403 in Preclinical Models of Idiopathic Systemic Capillary Leak SyndromeAdvertisementStudy reveals a promising avenue for addressing Idiopathic Systemic Capillary Leak Syndrome (ISCLS, a.k.a. The results underscore the novel mechanism of action, demonstrating the ability of PMC-403 to reduce vascular leakage associated with ISCLS in the preclinical models. The paper, titled “A ligand-independent Tie2-activating antibody reduces vascular leakage in models of Clarkson Disease” highlights the significance of Tie2 activation and its potential implications for the treatment of ISCLS. In February 2023, the US FDA granted Orphan Drug Designation (ODD) for PMC-403 for the treatment of Systemic Capillary Leak Syndrome. Dr. Jin-San Yoo, President & CEO of PharmAbcine, commented “This study provides vital insights into the efficacy and potential expandability of Tie2-activating antibody for vascular diseases.
Source:The Bubble
November 23, 2023 15:02 UTC
Lionel Scaloni shocks Argentina with doubts over continuity
Argentina head coach Lionel Scaloni placed his continuity in doubt following the men’s national football team’s 1-0 victory over Brazil Tuesday, sending shockwaves throughout the entire country. “There’s an important bit I wanted to say,” Scaloni said at the end of the press conference following the game. “I need to pause a bit in the coming months because I need to think about many things. They’ve set the bar very high and it’s hard to carry on.”“This isn’t a goodbye, but I need to think things through,” added Scaloni. The Argentina coach, however, confirmed that “everything is good” with the AFA president.
Source:Bueno Aires Herald
November 22, 2023 15:51 UTC
Milei’s win is not a license to undermine democracy
However, the people have expressed their will at the ballot box, and the democratic process must be respected. Secondly, Milei’s victory is a warning to Argentina’s entire political system, because it shows that an outsider with extreme proposals was better able to channel the popular anger and frustration than career politicians. As in 2001, the entire political system has failed the Argentine people. Winning the run-off is not a carte blanche to run roughshod over Argentina’s democratic consensus. As we said in our collective editorial, a Milei government must provide answers to the population’s demands without breaking the democratic consensus that we have spent 40 years building.
Source:Bueno Aires Herald
November 21, 2023 15:14 UTC
Transport transformation: The power of light mobility
Here are three points you should know about why adopting light mobility can change the panorama for LAC. Such “light mobility” includes micro-cars, mopeds, electric bicycles, and scooters, among many others, that can improve city mobility. The main reason is that cities have been designed for cars, prioritizing large motor vehicles, as our latest report, “Towards the light: Effective light mobility policies in cities,” points out. The rest of days, these large vehicles do not represent the same utility for the person, who could equally use light vehicles in their daily lives to get around. The third point is this: to really boost light mobility, cities need to integrate light mobility options with pedestrian infrastructure and public transport systems.
Source:Bueno Aires Herald
November 21, 2023 14:36 UTC
Argentine business leaders welcome Javier Milei’s presidency
After far-right economist Javier Milei’s win in Sunday’s run-off election, Argentina’s main business associations and leaders generally reacted with support for the president-elect. Common themes across their reactions were the desire to work closely with the new administration to fix the country’s economic situation and the importance of the work ahead. One of the first to congratulate Milei was the group of leading business associations known as the “G6” — the Argentine Chamber of Construction (Camarco), the Argentine Rural Society (SRA), the Argentine Chamber of Commerce and Services (CAC), the Association of Argentine Banks (ABA), the Buenos Aires Stock Exchange (BCBA) and the Argentine Industrial Union (UIA). “[We] celebrate the carrying out of a new democratic election in peace and congratulate its protagonists,” said G6 members in a signed statement. Argentine sovereign bonds are also up at around 6 percent.
Source:Bueno Aires Herald
November 20, 2023 15:50 UTC
Argentina 2023 elections: Milei shocks with landslide presidential win
Javier Milei, the far-right economist who wants to close down the Central Bank and liberalize gun ownership, has won Argentina’s presidential election. Milei, of the La Libertad Avanza (Freedom Advances, or LLA) had 56% of the vote with 87% counted. Economy Minister Sergio Massa had 44%, a difference of 12 percentage points. After four years under President Alberto Fernández’s center-left government, Milei drags Argentina’s window of discourse dramatically to the right. You may also be interested in: Sergio Massa: the ‘unity’ candidate facing a perfect stormMilei surprised the country by coming first in Argentina’s primary elections in August.
Source:Bueno Aires Herald
November 20, 2023 08:32 UTC
Javier Milei: ‘There is no room for gradualism’
Far-right libertarian candidate Javier Milei gave a restrained victory speech on Sunday night after early results showed him winning the Argentine presidential run-off with 56% of the vote (98% counted). Milei was welcomed to the podium by his sister Karina, who will reportedly become the country’s first lady. The economist cum congressman took the stage to the sound of Vamos por la Gloria by La Beriso. “They should shoulder their responsibility until the end of their mandate,” Milei said, referring to the current administration led by President Alberto Fernández. Milei described their backing of his candidacy as “a patriotic and generous move never seen before in Argentina.”“I want to thank voting station volunteers from LLA and the PRO who stood their ground to defend the vote,” Milei said.
Source:Bueno Aires Herald
November 20, 2023 08:19 UTC