Argentina’s Minister of Economy, Sergio Massa, announced a new package of foreign loans destined to swell the reserves of the Central Bank amid the dramatic foreign currency crisis that the country is going through due to the exhaustion of the foreign exchange ceiling. A new loan of US$600 million from the Inter-American Development Bank (IDB) […]
Venezuela’s President Nicolás Maduro has again opened the door to possibly bringing forward the presidential elections this year. The president, who criticized the opposition leaders campaigning for the primaries during an act in Caracas, has urged the country to “unmask the corrupt, bandits and coup plotters, wherever they appear”. “They intend to wash their faces, […]
The current president of the Brazilian Export Promotion Agency (Apex-Brasil) and former senator (PT-AC), Jorge Viana, changed the agency's statute to eliminate the requirement of fluent English to occupy the post. The entity's role is to publicize Brazilian products abroad. The previous statute required a proficiency certificate or a certificate of completion of an Advanced Level […]
By Ana Carolina Curvello The National Bank for Social Development (BNDES) president, Aloizio Mercadante, announced that the China Development Bank would lend R$6.5 (US$1.3) billion to Brazil. The announcement was made to journalists on Friday (14) at a press conference in China. According to Mercadante, the resources of the credit operation with the Chinese bank […]
By Fatima Romero Russian President Vladimir Putin said Wednesday at the ceremony of presentation of credentials by foreign ambassadors from 17 countries that Honduras is an “important partner” of the Russian Federation. Putin said bilateral relations with this country would develop in various fields as he received the credentials of the Honduran ambassador, Juan Ramon […]
By Fátima Romero Health system coverage in Costa Rica reaches 92% of the population, in the Dominican Republic 71%, in Panama 63%, and in Guatemala 17%, according to regional studies presented this week. These countries continue to present challenges in terms of access and coverage of health services, as well as in investment and budget […]
By Juan Pablo Álvarez Latin America is one of the poorest and most unequal regions on the planet, but it also has development potential that is currently untapped. And one of the areas that could drive the economies to a greater extent than is currently seen is mineral exploitation. According to a report by the […]
By Silla Brush BlackRock’s assets rose to US$9.09 trillion in the first quarter of this year against a backdrop of falling bank deposits and a rush for safer – and more profitable – assets in the face of high interest rates and caution following the collapse of Silicon Valley Bank and Signature Bank. “The current […]
By Juliana Estigarríbia A symbol of São Paulo, Paulista Avenue used to be the most sought-after corporate district in the capital. Still, over the decades, it lost its leading role to other regions, notably Faria Lima. However, a recent movement of investors has recovered part of the relevance of the avenue and surrounding streets as […]
According to the Ecuadorian Minister of Production, Foreign Trade, Investment, and Fisheries, Julio José Prado, Ecuador will sign a trade agreement with China in the coming weeks, tentatively in May. "The next trade agreement that will be ratified, validated, and signed shortly will be the trade agreement with China," he said on local radio station […]
Electric power generation in Uruguay returned to over 90% renewable in 2022, according to data from the Preliminary Energy Balance of the Energy Directorate of the Ministry of Industry, Energy and Mining (MIEM). “In 2022, there was a lower consumption of fossil fuels as generation inputs and a higher consumption of hydraulic energy, which contributed […]
The parallel dollar, known by Argentines as the blue dollar, reached a quotation of 400 Argentine pesos for the first time. This is a record high in the context of an inflationary escalation that has been happening for several years in the South American country. According to Argentine media, the quotation of $400 was surpassed […]
Russia and Venezuela are holding talks to increase oil production and seek new markets, said the Eurasian nation’s ambassador in Caracas, Sergey Melik-Bagdasarov, on April 13. “It is necessary to produce more and more oil, to look for new markets”, declared Melik-Bagdasárov to the local radio station Unión Radio. The statement refers to the purposes […]
The University of Talca in Chile announced on April 13 the temporary closure of its doors and the cessation of its functions due to a possible outbreak of avian influenza in a group of birds living on its premises. “The Universidad de Talca informs the community that, as a precautionary measure and to protect the […]
Dozens of homeless people flock to the metropolitan airport of Aeroparque to find shelter for the night. Amid the economic quake, inflation is hitting the most vulnerable sectors hard. The situation, already present in 2018, deepens in the heat of the inflationary increase. The contrast is perplexing to anyone who observes it. Jorge Newbery International […]
The best tool a bank can offer its customers is trust. After the Covid-19 pandemic, with falling interest rates and the failure of giants like Silicon Valley Bank, assessing which institutions deserve to look after your money has become much more complex. "If you can't trust your financial institution, all the other advantages and services […]
By Luiz Gustavo Pacete Brazil often leads some of the top rankings in adopting technologies such as blockchain and, consequently, cryptocurrencies. A recent study by CoinJournal showed that the country has the sixth-highest number of cryptocurrency owners. That equates to 7% of the population holding some kind of cryptoactive. But blockchain, the basis of these […]
By Monique Lima What would happen if Petrobras changed its pricing policy? The shareholders' meeting to approve the company's new board of directors is scheduled for April 27. The federal government eagerly awaits the date. Since the election campaign, President Luiz Inácio Lula da Silva made it clear that he intended to change the pricing […]
By Sergio Rodríguez Gelfenstein* (Opinion) Between April 28 and May 31, 3,789 cases of police violence against National Strike demonstrators in Colombia were reported, according to the NGO Temblores. Do you consider that the Colombian government has taken measures to prevent these events from continuing to occur? It is five years since the assassination of […]
Retail sales fell 1.8% in March this year compared to last year's same period. The information is contained in the Stone Retail Economic Activity Index, which presents monthly reports from the sector. The survey is based on data obtained by the electronic payments company Stone and the Propague Institute. The release of the numbers occurred […]
The American newspaper Washington Post highlighted on its website an article criticizing the visit of President Luiz Inácio Lula da Silva to China. The publication notes the posture of Lula in the first three months of his mandate contrary to the policies of the “West”. It pointed out that the Brazilian president refused to condemn […]
Ibovespa, the main index of the Brazilian Stock Exchange (B3), ended the session this Thursday, 13, down 0.4%, at 106,000 points. Likewise, the dollar had a bad performance and ended the trading session down by 0.3%, quoted at R$4.92. The stock market was affected by the drop in iron ore prices and the results of […]
By Mariana Haubert The Brazilian government announced this Friday (April 14, 2023) the signing of 15 agreements with China. President Luiz Inácio Lula da Silva (PT) has been in the Asian country since Wednesday (April 12). He visited Shanghai and Beijing. Among the agreements announced are some related to the agribusiness sector. The two countries' […]
The Brazilian government plans to build two million low-income housing units by 2026 through the "My House, My Life" program, announced the Ministries of Cities and Finance in an ordinance published today, Thursday. The housing will be financed with resources from the general State budget and the Time of Service Guarantee Fund, which collects corporate […]
Brazil, one of the world's largest food producers, will have a record agricultural harvest of 299.7 million tons this year, 13.9 percent more than in 2022, the state-run Brazilian Institute of Geography and Statistics (IBGE) reported Thursday. According to IBGE's March projections, the Brazilian cereal, legume, and oilseed crop this year will be harvested on […]
