Recent News: Argentina’s central bank raises high prices by up to 40%

GameStop video vendor, whose shares sparked a recent meme-stock trading scandal, is about to enter the NFT and cryptocurrency games as well.

Gamestop will establish divisions that focus on cryptocurrency trading as well as the invisible market as part of the transformation plan. The move was first reported by the Wall Street Journal.

GameStop shares jumped 22 percent on short-term sales up to $ 159.

Gamestop is planning to establish a cryptocurrency alliance and create games that use blockchain and NFT technology, WSJ said.

The share price of the seller has risen more than 600 percent since last year, but down 62 percent from its January increase last year. Despite its popularity with retailers, the company has suffered as the epidemic continues to hit brick-and-mortar sellers.

The stock market plummeted at the end of Thursday’s trading day, when a mixed economy and hawkish projections from the Federal Reserve disrupted the financial position of US stocks.

Wall Street’s Nasdaq Composite share index’s heaviest technical index, which fell 3.3% on Wednesday the worst part since February 2019 fell by 0.1%.

But this slight decline contradicts the previous trading volume, which dropped to 1.2 percent sometime before 0.7%.

The whipsaw move is followed by a series of weak operations, which show a gradual disruption, and more than expected at the initial useless task. The date initially led to a suspension of the transition from higher technical prices which is seen as a near-term recurring financial risk and higher Treasury yields.

However Thursday’s lower rate differs from Wednesday’s numbers showing a higher and higher pay rate than previously predicted. Also on Wednesday, minutes of a recent Fed meeting show that it could move interest rates and strengthen interest rates faster than expected, helping to move away from the interest-bearing industry.

Read more on Thursday’s stock market Pano.

Argentina’s largest bank has raised its interest rate for the first time in a year as it seeks to curb rising prices and speed up a new repayment agreement with the IMF.

The target price of Leliq is up to 40 percent, up from 38 percent in the past. Argentina’s annual inflation rate is about 50 percent.

The bank’s idea of ​​raising prices comes as the remaining Peronist government faces increasing pressure from IMF officials to tighten its monetary policy and provide reliable $ 40bn restructuring plans for the global lender, as part of a $ 57bn interest rate. 2018.

In December, fund officials demanded that interest rates continue to rise.

About $ 2.8bn Argentina owes money to the IMF comes at the end of March, which experts consider to be the last time for a repatriation plan, with a debt of $ 18.8bn this year and in 2022.

Martín Guzmán, finance minister and chief negotiator with the IMF chief in Argentina, said this week the government and the IMF had not reached a long-term agreement to reduce the recession after 18 months of inadequate negotiations.

Argentine dollar bond bonds plummeted since early September trading on Thursday after Guzmán announced that a deal in March was not imminent. Regular exchanges on credit increase significantly within five weeks.