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Chilean gas station showing historic fuel price hikes after government decree on Mepco, with queues of drivers and La Moneda palace in background.
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Government neutralizes Mepco and drives fuel prices to historic highs

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José Antonio Kast's government issued decrees tweaking the Mepco, allowing historic gasoline and diesel price hikes starting March 26. The move addresses surging oil prices from the Iran war and fiscal tightness, with relief for paraffin and transporters. Congress approved the bill after negotiations exempting SMEs from higher taxes.

Anti-Money Laundering Council executive director Matthew David has requested a transfer within the Bangko Sentral ng Pilipinas. Arnold Kabanlit was designated as acting director to ensure leadership continuity. The move comes amid a major probe into corruption in flood control projects.

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La Banca di Francia ha tagliato le proprie previsioni di crescita del PIL allo 0,9% per il 2026 e allo 0,8% per il 2027 a causa dell'impennata dei prezzi dell'energia derivante dal conflitto in Medio Oriente. Questo adeguamento si basa su uno scenario principale che prevede aumenti temporanei dei prezzi degli idrocarburi. La banca prevede inoltre un'inflazione all'1,7% per quest'anno.

Il ministro dell'Industria egiziano Khaled Hashem ha tenuto colloqui con una delegazione del gruppo China Baowu Steel, guidata dal presidente Hu Wangming, per esplorare modi per rafforzare la cooperazione industriale e gli investimenti. Le discussioni miravano a espandere gli investimenti in settori prioritari, tra cui la produzione di acciaio.

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China has officially designated 'ciyuan' as the translation for 'token' in AI, giving the tech term strong economic overtones. Liu Liehong described it as a value anchor for the intelligent era.

Colombia's Public Credit Directorate awarded one-year TES bonds at a cut-off rate of 13.494% in the March 24 auction, setting a new historical high. With 5.29% inflation, this yields a real rate near 8.2%. The outcome signals heightened fiscal risk perception among investors.

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The South Korean won opened at 1,503.2 against the U.S. dollar on Thursday, down 3.5 won from the previous session, amid mixed signals on U.S.-Iran talks to end their monthlong conflict. The White House said Wednesday that the two sides had held 'productive' discussions, while Tehran insisted no negotiations took place. Global oil prices have surged with the Strait of Hormuz effectively closed, raising concerns for energy-import-dependent South Korea.

 

 

 

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