By Horacio Soria and Juan Carlos Bustamante BUENOS AIRES (Reuters) -Argentina’s annual inflation rate soared to 104.3% in March, the official statistics agency said on Friday, one of the highest rates in the world, straining people’s wallets and stoking a cost-of-living crisis that has pushed up poverty. The inflation reading for the month came in…
BRASILIA (Reuters) – Brazil’s Planning Ministry announced on Friday a zero primary deficit target for 2024, but stated that 172 billion reais ($35.03 billion) in government spending depends on the approval of a proposed new fiscal framework. In a statement about the 2024 budget bill sent to Congress, the ministry said the new fiscal rules…
By Jorgelina do Rosario and Rodrigo Campos WASHINGTON (Reuters) – Colombia is looking to issue a green bond before the end of 2023, likely in dollars, and could tap traditional credit markets again this year if borrowing costs fall, Finance Minister Jose Antonio Ocampo said on Friday. He said the amounts were not set yet,…
By Ricardo Brito and Anthony Boadle BRASILIA (Reuters) -A judge on Brazil’s Supreme Court has ordered former President Jair Bolsonaro to testify before federal police within 10 days about his role in the Jan. 8 storming of government buildings by his supporters. According to a document seen by Reuters, Justice Alexandre de Moraes agreed to…
By Gabriel Araujo and Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Airbus SE hopes to propose partnerships with Brzil’s Embraer SA in defense and space in the medium term, its regional executive overseeing those areas told Reuters, saying the two planemakers might complement each other in some ways. Any deal remains distant as negotiations…
By Ethan Wang, Ryan Woo and Lisandra Paraguassu BEIJING/BRASILIA (Reuters) – Brazil reset its diplomatic ties with China, its largest trading partner, with a state visit on Friday where they agreed to boost investments and cooperation on technology and sustainable development, while urging peace talks in Ukraine. Brazilian President Luiz Inacio Lula da Silva and…
By Katharine Jackson and Luc Cohen (Reuters) – The United States has charged leaders of the Mexico-based Sinaloa Cartel with running a fentanyl trafficking operation fueled by Chinese chemical and pharmaceutical companies, U.S. Attorney General Merrick Garland said on Friday. Three sons of Joaquin “El Chapo” Guzman, the onetime leader of the Sinaloa Cartel now…
WASHINGTON (Reuters) – Washington on Friday imposed sanctions on two entities based in China, accusing them supplying precursor chemicals to drug cartels in Mexico for the production of illicit fentanyl intended for the United States, the U.S. Treasury Department said in a statement. The Treasury said it also designated five people based in China and…
By Valentine Hilaire MEXICO CITY (Reuters) – Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings, claiming that it violated foreign investment protections, documents reviewed by Reuters show. The case was triggered in January…
By Ahmad Ghaddar LONDON (Reuters) – European Union and G7 restrictions on Russian oil exports led to a global shift in oil flows, with Asian refiners soaking up discounted Russian crude, in part explaining the recent OPEC+ decision to curtail output further, the West’s energy watchdog said on Friday. With the arrival of over three…
