By Rodrigo Campos and Nelson Bocanegra NEW YORK (Reuters) – Colombia will continue to extract fossil fuels for “much longer” until it has other exports to replace that revenue, while considering diversifying its financing with carbon credits and green bonds, Finance Minister Ricardo Bonilla said on Tuesday. Oil and coal are the South American nation’s…
HAVANA (Reuters) – A delegation of high-level Cuban officials wrapped up an extended visit to Russia, according to state-run media reports on Tuesday, following up on the nearly 30 trade agreements signed between the allies in Havana in May. Longtime political allies Cuba and Russia – both subject to U.S. sanctions – have sharply increased…
LIMA (Reuters) – Peruvian police arrested an ex-prime minister on Tuesday for allegedly conspiring against the state and joining an attempted “coup” by ousted former President Pedro Castillo, in the latest criminal case targeting a politician in the country. Former Prime Minister Betssy Chavez was detained at her home in the southern city of Tacna…
By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) -The Biden administration plans to increase the amount of biofuels that oil refiners must blend into the nation’s fuel mix over the next three years, but the plan includes lower mandates for corn-based ethanol than it had initially proposed, two sources familiar with the matter told…
NEW YORK (Reuters) – The International Monetary Fund is encouraged by the progress in discussions between Zambia and its official creditors, and an agreement could be reached “within a few days,” the fund said in a statement on Tuesday. “We are very encouraged by the significant progress being made in discussions between official creditors and…
LONDON (Reuters) – Secretary of State Antony Blinken said on Tuesday that the United States would have deep concerns about Chinese military activities in Cuba, after the Wall Street Journal reported that Beijing was planning a new training facility there. Speaking at a press conference in London after wrapping up a trip this week to…
By Humeyra Pamuk BEIJING (Reuters) -The United States on Tuesday pressed its call for military communication channels with China and signalled concern over reports that China plans a military training facility in Cuba following Secretary of State Antony Blinken’s trip to Beijing over the weekend. Establishing military-to-military communications is essential to reduce frictions between the…
BOGOTA (Reuters) – A labor reform pushed by Colombia’s government was shelved on Tuesday after committee legislators in Congress’ lower house failed to reach a quorum in a scheduled first debate, dealing a major setback to leftist President Gustavo Petro. The reform aimed to reduce working hours and boost overtime pay to fight poverty. Critics…
By Sarah N. Lynch, Jeff Mason and Tom Hals WASHINGTON (Reuters) -U.S. President Joe Biden’s son Hunter Biden has agreed to plead guilty to two misdemeanor charges of willfully failing to pay income taxes and to enter into an agreement that could avert a conviction on a gun-related charge, according to a court filing on…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A deepening sense of caution descends over Asian markets as the trading week reaches its mid-point, as investors give a lukewarm reaction to China’s interest rate cut and await key remarks from Federal Reserve Chair…
