SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday he wants the Mercosur trade bloc to advance in talks for deals with Canada, South Korea and Singapore, while aiming to increase commerce with other countries in Latin America and Asia. The leftist president’s remarks during a summit of Mercosur leaders in…
BRASILIA (Reuters) -The Brazilian Senate on Tuesday approved President Luiz Inacio Lula da Silva’s first picks for the independent central bank, an institution he has clashed with since taking office in January. Former finance ministry official Gabriel Galipolo’s nomination for director of monetary policy was approved by a vote of 39 to 12 in the…
SAO PAULO (Reuters) – Chinese automaker BYD on Tuesday said it will invest 3 billion reais ($620.17 million) in a new industrial complex in northeastern Brazil, as it aims to boost local production to offer more competitive prices. The complex, made up of three plants, will be built in the Camacari industrial park in the…
By Daina Beth Solomon MEXICO CITY (Reuters) – The U.S. wants Mexico’s government to build strong institutions to protect worker rights as companies aiming to avoid supply chain disruptions in far-off production spots bring more jobs to the country, a top U.S. labor official told Reuters. Mexico has begun to benefit from “nearshoring” in which…
By Kylie Madry MEXICO CITY (Reuters) – Mexico brought in close to $5.7 billion in remittances in May, central bank data showed on Monday, breaking a monthly record that analysts cautioned was softened by the recent strength of the peso versus the dollar. While Mexico records remittances in dollars, as most of the funds come…
By Sam Tobin LONDON (Reuters) – British billionaire Richard Branson severely damaged Virgin Group’s reputation by residing in a tax haven while UK-based airline Virgin Atlantic sought a government bailout during the pandemic, according to internal Virgin emails cited in a $250 million London lawsuit on Monday. The emails were cited by lawyers for U.S….
BRASILIA/SAO PAULO (Reuters) – Private economists in Brazil anticipate deeper monetary easing this year and improved inflation prospects until 2026 following the government’s decision to maintain the country’s inflation goal at 3%, a weekly central bank poll showed on Monday. President Luiz Inacio Lula da Silva has consistently blasted the country’s central bank for keeping…
SANTIAGO (Reuters) – Chile’s economic activity index fell for the fourth consecutive month in May, the central bank said on Monday, underscoring the economic headwinds faced by the world’s largest producer of copper amid high interest rates. The IMACEC index, a close proxy of gross domestic product (GDP), dropped 2% in May from the same…
By Ted Hesson and Dave Graham WASHINGTON/MEXICO CITY (Reuters) – U.S. and Mexican officials are discussing a new U.S. refugee program for some non-Mexican asylum seekers waiting in Mexico, four sources said, part of President Joe Biden’s attempts to create more legal avenues for migration. The program would likely be open to Cuban, Haitian, Nicaraguan…
MEXICO CITY (Reuters) – Mexico’s government on Saturday slammed a tough new state immigration law in Florida spearheaded by Republican Governor and U.S. presidential contender Ron DeSantis, and the country vowed to help protect undocumented Mexicans in that state. DeSantis is seeking the 2024 Republican nomination for president, and his new Florida law, which took…
