By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s peso currency sank in widely used parallel markets on Thursday, hitting a record low against the U.S. dollar as concerns grew about the Latin American country’s economy, with 104% inflation, reserves dwindling and drought hitting exports. The black market peso, one of several unofficial rates that have…
NEW YORK (Reuters) – Salvadoran bond spreads narrowed on Wednesday to their tightest since December 2021 in a rally triggered by hopes a key new adviser to the finance ministry would be able to help secure a debt deal with the International Monetary Fund (IMF). The tightening started on Monday after news that Alejandro Werner,…
BRASILIA (Reuters) – Brazil’s government announced a package of 13 measures on Thursday to ease consumer access to credit and reduce associated costs in the capital and insurance markets, a move the new leftist administration hopes will boost investment and revitalize a slowing economy. Among the measures is the federal government’s proposal to provide counter-guarantees…
BRASILIA (Reuters) – Brazil’s Secretary of Economic Reforms Marcos Barbosa said on Thursday that the credit package announced by the government aims to strengthen the credit market in the long term, paving the way for the country’s capital market to become as robust or larger than the 5 trillion reais ($988 billion) banking market. Speaking…
By Kylie Madry MEXICO CITY (Reuters) – Mexico’s state-run lithium company is examining a geothermal extraction method of the white metal, its Chief Executive Pablo Taddei said in a panel Wednesday, looking to complement the primary method of extracting the metal from clay-based deposits. “We’re also exploring – and I think really great synergies are…
SAO PAULO (Reuters) – Usiminas expects its steel sales to slip in the second quarter from a year earlier, it said on Thursday, as it kicked off Brazil’s earnings season by beating market consensus for its first quarter net profit. Usinas Siderurgicas de Minas Gerais SA, as the company is formally known, said in a…
MEXICO CITY (Reuters) -Ukrainian President Volodymyr Zelenskiy will address Mexican lawmakers on Thursday by video, the lower house of Congress said, as he seeks support in his country’s war with Russia. The Mexican government has said it wants to remain neutral in the conflict, and some supporters of Ukraine have criticized leftist President Andres Manuel…
(Reuters) – Eight healthcare workers will go on trial over the death of Diego Maradona after being charged with “homicide by negligence”, Argentine media reported on Wednesday. The footballing great, who led Argentina to a second World Cup title in 1986, died aged 60 in November 2020 from heart failure after undergoing brain surgery days…
SAN JOSE (Reuters) – Costa Rica’s president on Wednesday presented a set of security measures in response to surging crime rates in the Central American country, which is currently on track this year to beat 2022’s record murder rate. “I want people to be able to walk down the street in peace,” President Rodrigo Chaves…
SAO PAULO (Reuters) -Toyota Motor Corp said on Wednesday it will invest 1.7 billion reais ($337.68 million) to manufacture a new hybrid, flex-fuel compact car in Brazil, which will run on both gasoline and ethanol in addition to its electric engine. The Japanese carmaker has been betting big on the segment in the South American…
