Peru Financial News

LIMA (Reuters) -Peruvian miner Minsur has announced an investment of at least $2.25 billion as it expands its copper operations, the country's mining ministry said on Thursday.

Corporations relying on carbon credits to support their green claims now face “robust and credible” proof that the vast majority of such securities aren’t fit for that purpose, according to a study published in the journal Science.

Peru is believed to be over 4,000 years old and could have been part of a ceremonial temple, according to archaeologists, offering new insights into the region's historic cultures. The wall was first stumbled upon by farmers in 2020 during harvesting work, prompting an extended dig and work to determine its origins, said archaeologist Feren Castillo, head of a research project in the coastal region of La Libertad. «Three years later we started a new procedure whose results showed us its age… Today we are sure it's a building built during the Pre-ceramic Period (the initial period of the Andean civilizations) between 4,000 and 4,500 years ago», the expert said this week", the expert said this week. The remains of the ancient building were revealed in the Viru Valley, some 480 km (298 miles) north of Lima. The wall is estimated to be about three meters (9.84 feet) high and presents triangular geometric lines with occasional shades of red and yellow, Castillo added.

Argentina-based Num Finance has announced it has gone live with a n stablecoin pegged to the Colombian peso, the company announced Aug. 24 in an X post.

Dozens of cranes lift blocks weighing several tons and drop them to compact the soil of a roughly one-square-mile area on Peru’s Pacific coast, part of China’s most ambitious port project in Latin America designed to facilitate trade between the regions

Cryptocurrencies like Bitcoin (BTC) have failed to reduce but rather have “amplified financial risks” in less developed economies, according to a new study published by the The Bank for International Settlements (BIS).

Peru have named a new species of snake after Harrison Ford in honor of the "Indiana Jones" actor's support for conservation work. The 40 cm (16 inch) reptile was first discovered in May 2022 in the jungle mountains of Otishi National Park, San Marcos National University said Wednesday. But it was not until now that researchers concluded it was indeed a previously unknown species.

Hindustan Times. After villagers compared the attackers with aliens or green goblins, the officials took the debate in a new direction and claimed that the so-called aliens likely gold mafias who belong to drug cartels. In addition, Peru's national prosecutor's office which is heading the investigation in this case claimed that these gold mafias were responsible for the attacks on villagers in the country, HT reported.

Ecuador was an island of peace wedged between Colombia and Peru, the world's largest cocaine producers. But since 2018, drug seizures and homicides have increased alarmingly, blamed widely on transnational organized crime groups.

India and Peru agreeing to resume talks for a free trade agreement, the South American nation is looking to export avocados, fresh grapes, blueberries, and gold to India, Vice Foreign Trade Minister of Peru Teresa Stella Mera Gomez said. She said that technical teams of India and Peru would meet to start talks on modalities and scope of the proposed agreement. The two countries started negotiations for an FTA in 2017.

By Gloria Dickie and Jake Spring

Sunil Barthwal Friday said India and Peru have decided to resume negotiations for a proposed free trade agreement (FTA). «We have decided to proceed with the FTA negotiations.

ancient whale in Peru, which could potentially hold the title of the heaviest animal ever recorded. According to a study published in the journal Nature, the estimated body mass of the extinct Perucetus colossus ranges from 85 to 340 metric tons (equivalent to 187,393 to 749,572 pounds). This places its heft on par with or possibly surpassing that of the blue whale, which has long been recognized as the animal with the greatest body mass. Giovanni Bianucci, the first author of the study, revealed this groundbreaking discovery, shedding new light on the size and magnitude of these prehistoric creatures.

The crypto hardware wallet producer Ledger is looking to expand into the Latin America region, and is targeting growth in “Central and South America.”

India for negotiating bilateral free trade agreements (FTAs) to boost economic ties, the commerce ministry is looking at ways to increase its bandwidth for undertaking these time and human resource consuming talks, a senior official said. The commerce ministry officials at present are negotiating several FTAs with countries including the UK, Canada and European Union. «Negotiations are really time consuming and energy consuming and human resource consuming.

By Lucy Craymer

Belt and Road Initiative (BRI) have had a negative impact on the environment of all the countries where they have been implemented. They have increased the environmental crisis in already vulnerable regions by increasing air and water pollution and have led to water shortage and soil erosion.

Peru has declared a state of national emergency amid a surge in patient suffering from Guillain-Barré syndrome. The neurological ailment prompts the body's immune system to mistakenly attack nerves - sometimes leading to paralysis. Officials have cited an “unusual increase" in cases while imposing the 90 day sanitary emergency.

Guillain-Barré Syndrome cases. President Dina Booluarte's decree has allocated approximately US$ 3.27 million towards enhancing patient care, strengthening case detection measures, and providing informative reports for the general population and healthcare workers. The emergency measures encompass the procurement of intravenous immunoglobulin and human albumin, as well as the implementation of specialized diagnostics for identifying the biological agents associated with the syndrome. Additionally, arrangements for air-assisted transportation of patients in critical or emergency conditions are being made. The official document highlights that, thus far this year, at least 18 of the country's 24 departments and one constitutional province have reported at least one case of Guillain-Barré Syndrome.

SAO PAULO (Reuters) — Brazilian President Luiz Inacio Lula da Silva said on Tuesday he wants the Mercosur bloc to advance in talks for trade deals with Canada, South Korea and Singapore, while also aiming to increase commerce with other countries in South America.

United States-based crypto exchange Gemini announced on April 21 the upcoming launch of a derivatives platform outside the U.S. The move comes amid a tightening and uncertain regulatory environment for crypto firms in the country.