By Carolina Pulice MEXICO CITY (Reuters) – Brazilian retailer Americanas SA is scrambling to finalize its fourth-quarter income statement even as it redoubles efforts to get creditors on side for a bankruptcy restructuring plan, according to people close to the matter. Americanas, which filed for bankruptcy protection in January after uncovering 20 billion reais, some…
BRASILIA (Reuters) -Brazilian financial markets on Thursday showed many traders still betting the central bank will kick off a cycle of interest rate cuts in August, even as some economists ruled it out based on the tone of the bank’s latest policy statement. The central bank held its benchmark interest rate at a six-year high…
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate voted overwhelmingly on Wednesday to advance a tax treaty with Chile, paving the way for final approval of a pact seen as crucial for ensuring access for U.S. companies to lithium, a mineral essential for electric vehicle batteries. The agreement cleared a Senate procedural hurdle by…
BRASILIA (Reuters) -Brazil’s Senate on Wednesday approved fiscal rules proposed by President Luiz Inacio Lula da Silva’s government, considered vital in preventing a surge in public debt. The project received 57 votes in favor and 17 votes against. Since the senators modified the text that Brazilian deputies approved, it will require another round of voting…
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Thursday he had discussed the war between Russia and Ukraine and an upcoming BRICS summit with his South African counterpart Cyril Ramaphosa as they met in Paris. Ramaphosa recently led a delegation of African leaders to Russia and Kyiv seeking to share…
GUATEMALA CITY (Reuters) – Former Guatemalan first lady Sandra Torres leads her competitors in the Central American country’s presidential race, according to a poll published Thursday by newspaper Prensa Libre, the last before Sunday’s election. Torres, a third-time presidential contender whose late husband President Alvaro Colom governed from 2008 to 2012, drew 21.3% of voter…
BRASILIA (Reuters) – Brazil’s top electoral court on Thursday decided to adjourn a trial that could leave former President Jair Bolsonaro in the political wilderness for nearly a decade, with the session set to be resumed on Tuesday of next week. Bolsonaro, a far-right nationalist who in October narrowly lost Brazil’s most fraught election in…
(Reuters) -Mexico’s annual inflation hit its lowest in more than two years ahead of a monetary policy decision on Thursday that is expected to leave interest rates at a cycle high as the consumer price index remains above target. In Latin America’s second largest economy, 12-month headline inflation reached 5.18% in the first half of…
PARIS (Reuters) – Following are highlights of what world leaders said at a summit in Paris on Thursday to boost crisis financing for poor countries, reform post-war financial systems and free up funds to tackle climate change. ON REFORM “Even with the capital that the World Bank and the MDBs (multinational development banks) have, there…
By Catarina Demony (Reuters) – Brazil’s President Luiz Inacio Lula da Silva said on Thursday the European Union should stop adopting a protectionist stance if it wants to reach a long-delayed trade deal with the Mercosur bloc. The EU and the Mercosur bloc of Argentina, Brazil, Paraguay and Uruguay completed negotiations in 2019 but the…
