SAO PAULO (Reuters) – Brazilian airline Azul announced on Wednesday it is launching a public offering of senior secured notes due 2028, fulfilling its pledge to raise additional capital as it moves forward with a broader restructuring plan. Azul, Brazil’s largest airline in number of flights and cities served, said in a statement it will…
SAO PAULO (Reuters) – Services activity in Brazil grew by much more than expected in May from the previous month, data from statistics agency IBGE showed on Wednesday, paring some of the losses seen in April despite the country’s high interest rate levels. The service sector, which accounts for about 70% of all activity in…
SAO PAULO (Reuters) – Financial market participants in Brazil are increasingly optimistic about the country’s economic prospects under leftist President Luiz Inacio Lula da Silva, a poll showed on Wednesday, with the approval rating of his finance minister spiking. The survey by Genial/Quaest showed that 53% of market players now think Brazil’s economy will improve…
By Nancy Lapid (Reuters) – High rates of pregnancy-related deaths among women of African descent in North and South America are likely due largely to racism in the form of verbal and physical abuse from health care providers, denial of quality care, and refusal of pain relief, a U.N. report found. The new analysis by…
MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil on Tuesday said its net profit surged 89.1% in the second quarter on the back of foreign exchange gains. The company, controlled by the family of Mexican tycoon Carlos Slim, posted a net profit of 25.87 billion pesos ($1.5 billion), beating the Refinitiv estimate of 22.61 billion…
By Jonathan Stempel (Reuters) – A federal appeals court on Tuesday revived a lawsuit against Royal Caribbean Cruises by the parents of an 18-month-old girl who died after slipping through her grandfather’s hands and falling through an open cruise ship window. The 11th U.S. Circuit Court of Appeals in Atlanta restored two negligence claims over…
By Nelson Acosta HAVANA (Reuters) -Cuban authorities on Tuesday said the U.S. recently had a nuclear-powered submarine at its military base at Guantanamo Bay and called the action a “provocative escalation” of tensions weeks after Washington alleged that there was a Chinese spy base on the island. “The presence of a nuclear submarine there at…
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate is expected to slow to 7.0% in June, according to the median forecast in a Reuters poll, after hitting 7.8% in May, as the government battles to control spiraling prices ahead of elections in October. The poll of 23 analysts measures inflation by the…
By Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico’s state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said. The reduced production implies that in total Pemex…
By Gabriel Araujo SAO PAULO (Reuters) -Brazil’s annual inflation in June fell to its lowest level since September 2020, data from statistics agency IBGE showed on Tuesday, renewing bets that an interest rate cut is around the corner as consumer prices continue to trend down. Annual inflation in Latin America’s largest economy slowed to 3.16%…
