MEXICO CITY (Reuters) -Mexican inflation slowed in the first half of April and reached its lowest level in a year and a half, the national statistics agency said on Monday, fueling expectations the central bank may have completed a long cycle of interest rate hikes. Annual headline inflation through mid-April hit 6.24%, further declining from…
TAIPEI (Reuters) – Guatemala is not asking for “free money” from Taiwan and does not owe debt in the same way Honduras does, but is looking for long-term investment and trade, senior Guatemalan financial officials said on Monday. Guatemala is one of only 13 countries to maintain formal diplomatic ties with Chinese-claimed Taiwan. Honduras abandoned…
By Carman Chew SINGAPORE (Reuters) – Chilean President Gabriel Boric said on Thursday he would nationalise the country’s lithium industry and create a state-owned company to produce the metal that is a key component of electric vehicle batteries. Boric said future lithium contracts would only be issued as public-private partnerships with state control. Chile holds…
By Kylie Madry MEXICO CITY (Reuters) – MG Motor is launching a plug-in hybrid SUV in Mexico, the carmaker said on Thursday, as the market for hybrid and electric vehicles in the Latin American country heats up despite a lack of infrastructure and high costs for locals. The hybrid eHS model is set to hit…
(Reuters) – Chile, the world’s second largest lithium producer, said it plans to transfer control of the production of the mineral essential for electric vehicle (EV) batteries to a new state-owned company. Here are key facts about lithium and EVs: WHAT IS LITHIUM? The silvery-white element is the lightest metal and highly reactive, giving it…
By Gabriel Burin BUENOS AIRES (Reuters) – Argentina’s economy will teeter on the edge of a deeper crisis in the run up to October’s presidential vote as growing market anxiety adds to a harmful mix of drought-induced recession and skyrocketing inflation, a Reuters poll showed. A flight to the safe-haven U.S. dollar sped up this…
(Reuters) – The Mexican parliament’s lower house voted to press ahead with the proposed overhaul of the country’s mining laws which include shortening concessions, tightening water permits and giving back some profits, moves criticized by industry leaders. Mexico is the world’s top silver producer and one of the largest producers of copper and gold. Since…
By Matthew Chye (Reuters) – Chile’s President Gabriel Boric announced on Thursday he would nationalise the country’s vast lithium industry to boost the economy and protect the environment. The shock announcement is the latest in a trend as countries look to assert greater control over key resources amid intensifying competition for materials that are crucial…
NEW YORK (Reuters) – Salvadoran bond spreads narrowed on Wednesday to their tightest since December 2021 in a rally triggered by hopes a key new adviser to the finance ministry would be able to help secure a debt deal with the International Monetary Fund (IMF). The tightening started on Monday after news that Alejandro Werner,…
By Kylie Madry MEXICO CITY (Reuters) – Mexico’s state-run lithium company is examining a geothermal extraction method of the white metal, its Chief Executive Pablo Taddei said in a panel Wednesday, looking to complement the primary method of extracting the metal from clay-based deposits. “We’re also exploring – and I think really great synergies are…
