By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s annual inflation rate topped 114% in May, but in a silver lining for the embattled South American country the monthly rise came in well below analyst forecasts and posted a surprise slowdown versus a peak the month before. The monthly rise in the consumer price index (CPI)…
SAO PAULO (Reuters) – Retail sales in Brazil rose for the second consecutive month in April driven by Easter sales, data from government statistics agency IBGE showed on Wednesday, but that was still not enough for them to meet market expectations. Sales increased 0.1% in the month compared with March, IBGE said in a report,…
By David Lawder KINGSTON, Jamaica (Reuters) – World Bank President Ajay Banga told Reuters that he will “push” the lender’s balance sheet hard to help fight climate change and other crises, but this may only yield tens of billions of dollars in additional annual lending, not the hundreds of billions hoped for by some. Banga…
MANAGUA (Reuters) – Iranian President Ebrahim Raisi arrived in Nicaragua on Tuesday, according to state media, marking his second stop on a three-nation Latin American tour. Nicaragua’s Foreign Minister Denis Moncada received Raisi at the airport, state media said, adding the Iranian leader traveled with his wife and a delegation made up of ministers and…
MEXICO CITY (Reuters) – Mexico’s interior minister, a close confidant of the popular outgoing president, announced on Tuesday he would leave his post at the end of this week to focus on his bid to win the ruling party’s nod for next year’s presidential election. Interior Minister Adan Augusto Lopez’s decision, required under recently adopted…
WASHINGTON (Reuters) – Uruguay President Luis Lacalle Pou met with U.S. President Joe Biden on Tuesday, and the two leaders explored ways to expand bilateral trade and economic ties, the White House said. Lacalle Pou stopped in Washington for the previously unannounced meeting on his way to New York, where he was scheduled to attend…
By Steven Grattan ITAJAI, Brazil (Reuters) – Last November, just hours before a social gathering for Haitian immigrants in the town of Itajai in the southern Brazilian state of Santa Catarina, event organizer Andrea Muller received a chilling message. “Cancel the Haiti exhibition or we will commit a massacre,” read the subject line of the…
By Luc Cohen NEW YORK (Reuters) -A Bahamas court on Tuesday temporarily barred the country’s government from agreeing to let U.S. prosecutors pursue part of their criminal case against Sam Bankman-Fried, the indicted founder of now-bankrupt cryptocurrency exchange FTX. Last month, U.S. federal prosecutors in Manhattan said they would drop five charges of foreign bribery,…
By Tim Hepher PARIS (Reuters) -Global aviation needs $4 trillion over the next 20 years to fund new commercial deliveries and transform the world’s fleet to reduce emissions, leasing firm Avolon said on Tuesday. Airlines and leasing companies will take delivery of 44,300 commercial passenger aircraft by 2042, of which approximately half will be for…
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul is ready to raise additional capital, its chief executive said in an interview, after reaching deals with lessors and bondholders to postpone debts maturing in the near term under a broad restructuring plan. John Rodgerson told Reuters the additional cash would help Azul to “grow…
