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Milei announces Argentina's first budget surplus in 16 years
Milei announces Argentina's first budget surplus in 16 years
by  AFP

Argentina's spending-slashing new President Javier Milei has hailed his country's first quarterly budget surplus since 2008 as an "historic achievement." This amounted to a surplus of 0.2 percent of GDP. "This is the first quarter with a financial surplus since 2008," said Milei, referring to his left-wing rival Cristina Kirchner's first year in the presidency.

General Motors lifts 2024 profit forecast after strong Q1
General Motors lifts 2024 profit forecast after strong Q1
by  AFP

General Motors reported higher profits Tuesday thanks to continued strength in North America that offset a loss in its China business, enabling the carmaker to lift its forecast. GM's strength in its home market helped offset an operating loss of about $100 million in GM's China operation.

New US home sales pick up in March
New US home sales pick up in March
by  AFP

Sales of new homes across the United States increased sharply last month, according to fresh government data published Tuesday, though February's numbers were revised lower. "Home sales surprised to the upside in March," High Frequency Economics chief US economist Rubeela Farooqi wrote in a note to clients, adding: "The data can be volatile month-to-month and subject to revision."

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