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…
BRASILIA (Reuters) -Brazil’s Senate Economic Affairs Committee has granted the opposition a 24-hour delay on a vote on new fiscal rules considered crucial by the government of President Luiz Inacio Lula da Silva. The new fiscal framework, mentioned by S&P in its outlook improvement for Brazil, is seen a key tool for the government to…
BOGOTA (Reuters) – Grupo Argos, Colombia’s largest industrial conglomerate, on Tuesday said it will focus “seriously” on finding a strategic partner once it concludes an exchange of shares in the country’s largest producer of processed foods, Grupo Nutresa. Last week Grupo Argos reached a deal with businesses forming part of Grupo Gilinski, a conglomerate owned…
By Gabriel Araujo PARIS (Reuters) -Brazilian planemaker Embraer on Tuesday notched fresh orders from American Airlines and Spanish carrier Binter for its E-Jets in deals announced at the Paris Airshow that are seen totaling about $1 billion. The new firm orders come amid an influx of deals at the world’s largest air show, which is…
By Luc Cohen NEW YORK (Reuters) – JPMorgan Chase Chief Executive Jamie Dimon may have ordered a 2019 review of the bank’s relationship with the late financier and sex offender Jeffrey Epstein, the U.S. Virgin Islands said. The U.S. territory, where Epstein owned two neighboring islands, made the claim in a letter made public on…
MEXICO CITY (Reuters) – Mexico’s central bank will likely keep its benchmark interest rate unchanged in its next monetary policy decision, a Reuters poll showed on Tuesday, amid a slowdown in inflation. The 20 analysts polled by Reuters see the Latin American country’s central bank maintaining borrowing costs at the current rate of 11.25% for…
By Philip Pullella VATICAN CITY (Reuters) – Pope Francis held talks on Tuesday with Cuban President Miguel Díaz-Canel, who is making a rare trip to the West, as police kept a small demonstration demanding respect for human rights on the communist-run island away from the Vatican. A Vatican statement did not give any details on…
SAO PAULO (Reuters) – A second teenager has died following a school shooting in southern Brazil, the hospital said on Tuesday. The first victim, Karoline Verri Alves, 17, was confirmed dead at the scene after a shooter entered the school in the city of Cambe, Parana state, to carry out Monday’s attack. Luan Augusto, 16,…
By Leigh Thomas and Simon Jessop PARIS (Reuters) – French President Emmanuel Macron hosts a summit on Thursday and Friday to pin down a roadmap for easing the debt burdens of low-income countries while freeing up more funds for climate financing. The summit brings dozens of leaders together in the French capital to forge a…
TEGUCIGALPA (Reuters) -One of Honduras’ leading anti-corruption advocates on Monday said she had left the Central American nation because of threats, weeks after accusing President Xiomara Castro’s government of nepotism. Gabriela Castellanos, executive director of the National Anti-Corruption Council (CNA), which has investigated public corruption in Honduras for nearly a decade, left the country on…
