Latest news with #Correa
UPI
5 days ago
- Business
- UPI
Latin American currencies strengthen amid global instability
'The dollar once accounted for nearly 90% of global trade; today, it's below 70%. It's still high, but it shows the dollar has lost some of its exclusivity,' an economist said. Photo by John Guccione/ Pexels July 18 (UPI) -- Latin America's major currencies gained an average of 6% against the U.S. dollar in the first half of the year. Countries that include Brazil, Mexico, Colombia and Peru saw their currencies strengthen amid global economic and political tensions. The Brazilian real rose more than 11% this year. The Mexican peso followed with a gain of nearly 9%, while currencies such as the Peruvian sol and Chilean peso also posted increases, according to JPMorgan Private Bank. Analysts say this is not just about a weakening dollar. "The strengthening of some Latin American currencies also reflects that several countries have managed to appear more reliable to international investors," Paraguayan economist Víctor Pavón said. But this strengthening is double-edged. According to Daniel Correa, chief economist at DCR Economic and Financial Consulting, a stronger currency can become a problem if not managed carefully. "The appreciation could dampen future growth prospects, particularly in a context of stalled trade, inflationary pressures and broader economic uncertainty," Correa said. Correa also warned that "strong growth needs could be undermined by scenarios in which local economies become relatively more expensive." "It's difficult to expect this to continue for long, given the impact on export growth In a scenario of rising commodity prices and ongoing supply chain disruptions. The supply of foreign currency is likely to decline, increasing the risk of depreciation in the medium term," Correa added. Economist Federico Sosa shared that concern. "This can reduce export profitability, especially in sectors like agriculture, livestock and manufacturing, where contracts are set in dollars," he said. Sosa also noted that a stronger currency can encourage imports, putting pressure on local producers. Still, he said, there are positive effects: It helps lower inflation and improves the country's ability to repay foreign debt. In Brazil, Mexico and Peru, central banks have moved quickly to contain external shocks and maintain a degree of internal stability. According to JPMorgan, that timely response could help sustain currency stability in the coming months, though it may not be enough to keep the upward trend going. Global dynamics also play a role. Pavón noted that the U.S. dollar, which for decades dominated international trade, has gradually lost ground. "The dollar once accounted for nearly 90% of global trade; today, it's below 70%. It's still high, but it shows the dollar has lost some of its exclusivity," he said. Economist Víctor Raúl Benítez said he sees the dollar's decline as part of a deliberate strategy. "The Trump administration is willing to tolerate a weaker dollar -- and even a mild recession -- to regain global competitiveness against China. This is part of an economic realpolitik strategy aimed at preserving the dollar's role as the world's reserve currency," he said.
The Citizen
14-07-2025
- Sport
- The Citizen
MSC Week regatta highlights young talent
THE future of sailing is in good hands if the strong representation of young people at the MSC Week regatta, hosted offshore of Durban by the Point Yacht Club from July 7 to 11, is anything to go by. Out of 134 sailors that participated in the week-long event, over 30 of them were children under the age of 18 who were crewing on a variety of local and visiting yachts while making the most of their school holidays. The tally included two youth boats competing in the L26 Nationals, run by Durban High School and Glenwood High School. Taking the overall honours in the L26 Nationals was Element, which had Eden School matric learner Matthew Jolley crewing on it. His fellow learner Anna Correa, a Grade 12 learner, also shone at the regatta, skippering Velocity to an impressive third place in the L26 Nationals. Also Read: MSC Week comes to an epic close 'This was my first time skippering a sailboat offshore and in a race,' said Correa. 'I worked hard and gave it my all, and I'm overall really happy with how I did. It was tiring, but so worth it.' Jolley and Correa were fresh from successfully competing in the Marriott Mirror Worlds under the recently launched MH Performance Sailing and had their skills tested. 'The conditions were definitely tricky, shifting from strong winds on one day to hardly a breeze the next, which definitely tested a range of skills. I'm so thankful that I had the support of the MH Performance Sailing team,' said Correa. Finishing sixth overall was Chaz Hansen, skippering Glenwood's Container World for the first time in this event. Hansen and his team had a competitive time offshore, including leading the fleet around the turning mark, and anchored ship on the horizon on day two in the long-distance race to uMhlanga and back, running in the front of the L26s for a patch. 'It was an exciting moment. We came third place in that race, 12 seconds behind the first yacht and only two seconds behind the second,' said Hansen. 'We definitely improved as the week went on. I set a personal goal of finishing fifth overall, but we ended up sixth, which I'm more than happy with.' Only one point separated Container World and Cracker, DHS's entry. Skipper for Cracker, DHS Grade 11 learner, 16-year-old Sohan Seetal, said, 'It was comparable to a rollercoaster — enjoyable, but in complete honesty, it had its ups and downs. It wasn't the result I had hoped for, but I'm grateful for the opportunity and the fantastic support. We all learnt so many lessons over the week and finished in seventh overall.' For more from Berea Mail, follow us on Facebook, X and Instagram. You can also check out our videos on our YouTube channel or follow us on TikTok. Click to subscribe to our newsletter – here At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
San Francisco Chronicle
12-07-2025
- Sport
- San Francisco Chronicle
Twins shortstop Carlos Correa sprains ankle when baserunner slides into him at 2nd
MINNEAPOLIS (AP) — Minnesota Twins shortstop Carlos Correa had to be helped off the field after injuring his right ankle when Pittsburgh's Tommy Pham slid into him at second base. Pham was trying to get to second on his liner off the wall in right field in the seventh inning of the Twins' 2-1 victory Friday night. Right fielder DaShawn Keirsey Jr.'s throw beat Pham, whose batting helmet made contact with Correa's lower leg. Correa rolled over and stayed on the ground before leaving the game. Brooks Lee moved from second base to shortstop to replace Correa. The team said Correa had a mild ankle sprain. The 30-year-old Correa is already in his 11th big league season and has been a mainstay at shortstop for the Twins since signing as a free agent in 2022. He missed about half of last season with a concussion and a plantar fascia injury, the latter of which kept him from playing in the All-Star Game after he was chosen for the third time. ___
Hamilton Spectator
12-07-2025
- Sport
- Hamilton Spectator
Twins shortstop Carlos Correa sprains ankle when baserunner slides into him at 2nd
MINNEAPOLIS (AP) — Minnesota Twins shortstop Carlos Correa had to be helped off the field after injuring his right ankle when Pittsburgh's Tommy Pham slid into him at second base. Pham was trying to get to second on his liner off the wall in right field in the seventh inning of the Twins' 2-1 victory Friday night. Right fielder DaShawn Keirsey Jr.'s throw beat Pham, whose batting helmet made contact with Correa's lower leg. Correa rolled over and stayed on the ground before leaving the game. Brooks Lee moved from second base to shortstop to replace Correa. The team said Correa had a mild ankle sprain. The 30-year-old Correa is already in his 11th big league season and has been a mainstay at shortstop for the Twins since signing as a free agent in 2022. He missed about half of last season with a concussion and a plantar fascia injury, the latter of which kept him from playing in the All-Star Game after he was chosen for the third time. ___ AP MLB:
Yahoo
12-07-2025
- Sport
- Yahoo
Twins shortstop Carlos Correa sprains ankle when baserunner slides into him at 2nd
MINNEAPOLIS (AP) — Minnesota Twins shortstop Carlos Correa had to be helped off the field after injuring his right ankle when Pittsburgh's Tommy Pham slid into him at second base. Pham was trying to get to second on his liner off the wall in right field in the seventh inning of the Twins' 2-1 victory Friday night. Right fielder DaShawn Keirsey Jr.'s throw beat Pham, whose batting helmet made contact with Correa's lower leg. Advertisement Correa rolled over and stayed on the ground before leaving the game. Brooks Lee moved from second base to shortstop to replace Correa. The team said Correa had a mild ankle sprain. The 30-year-old Correa is already in his 11th big league season and has been a mainstay at shortstop for the Twins since signing as a free agent in 2022. He missed about half of last season with a concussion and a plantar fascia injury, the latter of which kept him from playing in the All-Star Game after he was chosen for the third time. ___ AP MLB: The Associated Press
