Bloomberg Business

GM Cuts 5,000 Salaried Jobs Through Voluntary Buyouts

General Motors Co. is buying out 5,000 salaried staffers globally as part of a cost cutting move that will save $1 billion on an annual basis starting this year, according to Chief Financial Officer Paul Jacobson.

Argentina Sold Most Dollars In March Since 2019: Chart

Argentina’s central bank sold on net $1.9 billion in March, the worst figure since October 2019 and a clear indicator of the cost behind propping up the peso. The central bank’s losses are provoking elaborate government measures to buy time and boost reserves before a presidential election in October. Economy Minister Sergio Massa is inaugurating new exchange rates this week to encourage exporters to boost sales abroad. The temporary exchange rates — expected to be higher than the overvalued off

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