By David Lawder WASHINGTON (Reuters) – Rapid aging of both wealthy and middle-income countries will make their economies increasingly dependent on migration from poorer countries, and the process needs to be better managed, the World Bank said on Tuesday. The bank’s latest World Development Report said that about 184 million people across the world now…
SANTIAGO (Reuters) – Chile’s state development office Corfo said on Tuesday it met with U.S.-based miner Albemarle to discuss the South American country’s plan to nationalize the lithium industry. Chile’s leftist President Gabriel Boric last week announced that control of the country’s vast lithium operations would over time be transferred from Albemarle and SQM to…
MEXICO CITY (Reuters) – Mexican airline Volaris expects to operate under the U.S. Category 1 aviation safety rating in the fourth quarter, which would allow the carrier to add global flights as demand grows, CEO Enrique Beltranena said on Tuesday. He expects Mexico to regain the rating in a few months, Beltranena told analysts on…
By Daina Beth Solomon MEXICO CITY (Reuters) – An impending change in U.S. border policy could put increased pressure on Mexico’s migrant detention system and lead to more reports of rights violations, migrant advocates have warned, in the wake of a fire that killed 40 people. On May 11 the U.S. is slated to lift…
BRASILIA (Reuters) – Brazilian central bank Governor Roberto Campos Neto ruled out an imminent interest rate cut by emphasizing that the country’s benchmark rate for borrowing costs is appropriate for addressing current inflation concerns. Speaking at a highly anticipated Senate Economic Affairs Committee hearing, he also said that policymakers need to ensure that inflation expectations…
By Natalia A. Ramos Miranda SANTIAGO (Reuters) – After their pick-up truck was stolen at gunpoint outside their home in Santiago last June, Javiera Castillo and her partner began learning how to shoot a pistol to prevent future encounters. Castillo, 23, a student and small-business owner who lives in the middle-class neighborhood of Maipu in…
SAO PAULO (Reuters) – Banco Santander Brasil SA on Tuesday reported a first quarter net profit of 2.14 billion reais ($425.09 million), down 46.6% from a year earlier but still above analysts’ forecasts of 1.83 billion in a Refinitiv poll. The Brazilian unit of Spain’s Banco Santander SA has been trying to be more selective…
By Jesús Aguado MADRID (Reuters) – Spain’s Santander on Tuesday beat forecasts with a 1% rise in first-quarter net profit as a strong performance in Europe offset weaker trade in Brazil and the United States. Its net profit rose to 2.57 billion euros helped by higher lending income and despite a hit of 224 million…
By Nick Carey LONDON (Reuters) -Chile’s move to nationalise its lithium industry adds fresh supply chain uncertainty for global carmakers facing a shortage of electric vehicle (EV) battery materials and could provide fresh urgency to find new sources of the metal. Chilean President Gabriel Boric announced plans last Thursday to create a new state-owned company…
By Tom Polansek and Leah Douglas CHICAGO (Reuters) -JBS USA is ending contracts with a U.S. company fined for hiring kids to clean meat plants, the unit of Brazilian meatpacker JBS SA said on Monday, adding it is bringing the work in-house at some facilities. The changes show how a U.S. government investigation into food-safety…
