NEW YORK (Reuters) – The negative impact of currency fluctuations on North American companies’ results fell in the fourth quarter of 2022 compared with the previous quarter, data from treasury and financial management firm Kyriba showed on Thursday. The collective exchange-rate hit, including on companies in the United States, Canada and Mexico, was $28.94 billion…
MEXICO CITY (Reuters) -Chile’s lithium miner SQM is set to start talks about lithium projects with state miner Codelco in the coming weeks, the firm’s Chief Executive Officer Ricardo Ramos told analysts in a quarterly earnings call on Thursday. Ramos said the exact dates would soon be shared with the market. The Chilean government had…
By David Lawder and Rodrigo Campos WASHINGTON (Reuters) – Suriname on Thursday cleared a hurdle on its way to restructure more than $600 million debt with private creditors as it secured an initial agreement to revive its program with the International Monetary Fund. The IMF said it reached a staff-level agreement with Suriname on the…
By Isla Binnie NEW YORK (Reuters) – Nuveen LLC is considering buying a big chunk of Ecuador’s new “blue bond” to help fund conservation of its wildlife-rich Galapagos Islands, with access to measurable impact data a key factor in the decision, one of the asset manager’s executives told Reuters. Ecuador sold the bond worth $656…
SANTIAGO (Reuters) -Chile’s economy grew for the second quarter in a row in early 2023 but failed to impress market participants as recovery in the world’s largest copper producer appears to remain hesitant. Gross domestic product rose 0.8% in the first quarter from the previous three-month period, the central bank said on Thursday, up from…
(Refiles to fix author reporting credit) By Nelson Bocanegra BOGOTA (Reuters) -Mexican used-car platform Kavak has opened a vehicle reconditioning plant in Colombia, which it hopes will help capture at least 5% of the country’s used car market, country manager Luis Eduardo Lopez said on Wednesday. The 16,900-square-meter (20,200 square yard) plant has a capacity…
By David Alire Garcia MEXICO CITY (Reuters) – Mexicans applying for a passport can now avoid having to check the box for male or female in a new travel document policy announced on Wednesday and hailed by the country’s top diplomat as historic progress for those who identify as non-binary. The new non-binary passport was…
By Dave Sherwood and Nelson Acosta HAVANA (Reuters) – Russian and Cuban officials and business leaders on Wednesday announced new perks to entice Russian investors into the Cuban market, the latest sign of fast-growing economic ties between the two long-time political allies. Boris Titov, head of the Russian delegation of the Cuban-Russian Business Committee, told…
SAO PAULO (Reuters) – Brazil’s antitrust regulator Cade on Wednesday recommended the approval of the sale of Natura & Co’s Aesop brand to French cosmetics company L’Oreal, according to the country’s daily gazette. Last month, L’Oreal agreed to buy Australian luxury brand Aesop from Natura for an enterprise value of $2.53 billion. Under the regulator’s…
BRASILIA (Reuters) – Brazil’s economic ministers on Wednesday highlighted the potential for monetary easing to kick off, while the central bank continued to signal caution due to concerns over expectations of rising inflation. “My understanding that there is room for a cut cycle is no offense,” Finance Minister Fernando Haddad said during a hearing at…
