Latin Financial News

Subscribe to enjoy similar stories. Surveying his geopolitical scorecard at the end of last year, Xi Jinping had reasons to be cheerful. China’s leader had just stared down his American counterpart, Donald Trump, in a trade war.

Subscribe to enjoy similar stories.Indian pharma stocks are attracting foreign institutional investors (FIIs) due to their strong export orientation, especially in regulated markets like the US, and consistent demand for generics and speciality drugs.Companies are benefiting from cost advantages, improving compliance records, and a growing focus on complex formulations and APIs.Additionally, defensive characteristics during global uncertainty make pharma appealing. Here are three pharma stocks where FIIs have hiked their stake in the March 2026 quarter.Shilpa Medicare is a niche Indian pharma company focused on oncology APIs, complex formulations, and CDMO services.

Subscribe to enjoy similar stories.SÃO PAULO—A Brazilian gang founded in the country’s violent prisons is fast becoming one of the world’s biggest criminal organizations, reshaping global cocaine flows from South America to Europe’s busiest ports and edging into the U.S.Long under Washington’s radar, the First Capital Command, known by its Portuguese initials PCC, started out as a disgruntled band of inmates fighting for soap and toilet paper in the 1990s.It now has some 40,000 members behind bars and on the streets with a vast network of affiliates—making it the largest criminal group in the Americas by some estimates, operating in nearly 30 countries on every continent except Antarctica.“The PCC has become a truly transnational group,” said Lincoln Gakiya, Brazil’s top PCC prosecutor, who has tracked its rise for two decades. “I believe it is now the fastest-growing criminal organization in the world.”With the scale of Italian organized criminal groups and the efficiency of a multinational corporation, the PCC has helped drive record cocaine seizures in Europe and sparked violent turf wars in the heart of major ports in Belgium and the Netherlands.Prosecutors and police in Brazil are calling on President Trump to label the PCC a Foreign Terrorist Organization, joining more than a dozen other Latin criminal networks.The PCC is organized crime at its most organized, prosecutors say.Unlike the narco-tycoons of Mexico, the heavily armed Colombian cocaine militias or the flashy drug lords of Rio de Janeiro’s Red Command gang, PCC members keep a low, businesslike profile, seeking fortune not fame—and shying away from the kinds of gratuitous violence that attract police and TV news crews.

schemes.Integrated with states’ financial systems and the Reserve Bank of India's (RBI) e-Kuber platform, it allows funds to be released only when payments are actually due. The system shifts fund flow from an advance-based model to a demand-driven one.It is used across more than 50 centrally sponsored schemes, where spending is shared between the Centre and states—usually in a 60:40 ratio (and 90:10 for special category states).Earlier, ministries released funds upfront to states and implementing agencies.

Subscribe to enjoy similar stories. NEW DELHI : Italian automaker Iveco's two reductions in its cash flow outlook within six months have reignited concerns over Tata Motors Ltd’s biggest acquisition, as analysts caution the Italian business's volatile show may leave the Indian parent vulnerable to global headwinds.

Subscribe to enjoy similar stories. Latin America’s vast natural resources have been a draw for U.S. interests across history and industries—from Alexander Hamilton to President Donald Trump, and from Ford Motor to Exxon Mobil.

Subscribe to enjoy similar stories. The removal of Venezuelan dictator Nicolás Maduro portends greater U.S. involvement in the Western Hemisphere, both politically and economically.

Subscribe to enjoy similar stories. WASHINGTON—The State Department will indefinitely pause immigrant visa processing for 75 countries as part of the Trump administration’s ongoing effort to block low-income foreigners from immigrating to the U.S. The pause takes effect starting Jan.

Subscribe to enjoy similar stories. The U.S. ouster of the Venezuelan strongman Nicolás Maduro is forcing Beijing into a high-stakes recalculation of its ambitions in a region that looks like America’s backyard again, said people close to internal discussions in the Chinese leadership.

Subscribe to enjoy similar stories. Oil isn’t the only commodity to drive President Donald Trump’s decision to oust Venezuelan President Nicolás Maduro. The nation’s critical minerals shouldn’t be overlooked as a potential motive for regime change.

Removing Venezuela’s dictator introduced ‘Trump’s Corollary’ in Latin America with an exclamation point. The White House’s updated take on the Monroe Doctrine had its baptism of fire on Saturday, when US forces captured Nicolás Maduro at his Caracas stronghold, decapitating the Chavista regime responsible for bankrupting one of the world’s richest oil nations. Less than a month after Washington unveiled a new National Security Strategy pledging to restore American pre-eminence in the Western Hemisphere—by force if necessary—Maduro and his wife were on their way to New York to face “narco-terrorism” charges.

“al Qaeda of the Western Hemisphere,” U.S. officials have rallied domestic support for this more muscular foreign policy.For countries in the region, the new policy will set off a scramble to adjust. Pro-U.S., and pro-Trump, leaders like Argentina’s Milei and El Salvador’s Nayib Bukele have fared well.

Write to James T. Areddy at [email protected] all the Business News, Politics news,Breaking NewsEvents andLatest News Updates on Live Mint. Download TheMint News App to get Daily Market Updates.

The new National Security Strategy of the US seeks “strategic stability” with Russia. It declares that China is merely a competitor, that the Middle East is not central to American security, that Latin America is “our hemisphere” and that Europe faces “civilizational erasure.” India barely rates a mention; one might say, as Neville Chamberlain did of Czechoslovakia in 1938, that it’s “a faraway country... of which we know nothing.” Well, so much the better for India, which can take care of itself.The realpolitik of this document is breathtaking, yet the underlying logic is not stated.

Subscribe to enjoy similar stories. Chileans on Sunday elected their most right-wing president in a generation, with hard-line conservative José Antonio Kast winning easily after vowing to clamp down on crime and illegal immigration. Kast’s victory over Jeannette Jara, a Communist, adds to a wave of electoral wins by right-wing politicians across Latin America, giving President Trump new allies who are on board with his anti-migrant policies.

Subscribe to enjoy similar stories. President Trump retook the White House almost a year ago promising a manufacturing boom. He got one—in China.

Trump invoked the Alien Enemies Act, a 1798 law giving him immense powers to deport noncitizens in a time of war. His use of that law was aimed at Tren de Aragua, a Venezuelan gang that he has repeatedly and falsely claimed as part of an invasion of criminal immigrants. Over the next 24 hours, more than 130 Venezuelans were deported to an El Salvadoran prison even as a US judge ordered the planes carrying them to turn around. Here's what you need to know about the situation:

Indian seafood exports will face significant pressure following the imposition of the US reciprocal tariffs, according to a study by the industry body FICCI. India's exports of fish, meat, and processed seafood are valued at US USD 2.58 billion with six product categories--Frozen Shrimp, Frozen Fish, Fish Meal and Fish Feed, Frozen Squid, Surimi & Analogue Products, and Frozen Cuttlefish--accounting for 94 per cent of total export value. US is India's largest seafood export market, holding a 34.5 per cent share of total export value. Frozen shrimp dominates, contributing 91.9 per cent of the export value (USD 2.34 billion) and 90.4 per cent of the volume (2.97 lakh tonnes). «Indian seafood exports will face significant pressure following the imposition of the US reciprocal tariffs,» the study said. India competes with countries like Canada, Ecuador, Indonesia and Vietnam in these categories. Other Latin American countries also compete in the market.

Subscribe to enjoy similar stories. SÃO PAULO—In the unfolding global trade war, Brazil is betting it has some distinct advantages. Chinese buyers are already stockpiling Brazilian soybeans as Beijing retaliates against President Trump’s tariffs with levies on U.S.

India and Chile on Tuesday decided to start negotiations on a mutually beneficial comprehensive economic partnership agreement as Prime Minister Narendra Modi hosted Chilean President Gabriel Boric Font for wide-ranging talks focusing on boosting bilateral ties in diverse areas. Boric is on a five-day state visit to India to explore ways to shore up bilateral cooperation in a number of areas, including trade and defence. «Today, we have directed our teams to begin discussions on a mutually beneficial comprehensive economic partnership agreement,» Modi said in his media statement after the talks. Partnership in the field of critical minerals will be explored, he said. The prime minister said work will also be done to establish resilient supply and value chains.

preferential trade agreement (PTA) into a Comprehensive Economic Partnership Agreement (CEPA), making Chile the first Latin American country to have such a deal with New Delhi. Discussions on CEPA are expected to take place during Chilean President Gabriel Boric Font’s State Visit to India from April 1-5. He will be accompanied by a high-level delegation, including ministers, MPs, senior officials, business associations, media, and cultural representatives. The PTA between India and Chile was signed in 2006 and expanded in 2017. Officials are now looking at tariff and non-tariff barriers to boost trade between the two regions. The target is to double two-way commerce to $100 billion in the coming years. Key sectors for cooperation include automobiles, medical devices, and pharmaceuticals. Chile is India’s fifth-largest trading partner in Latin America. From April to December in FY25, India’s exports to Chile amounted to $860.26 million, mainly consisting of pharmaceuticals and vehicles. Imports were $2.07 billion, with ores, slag, ash, and copper being the primary inbound shipments. Indian trade organizations have been actively engaging with Chile through business summits and trade fairs in sectors such as pharma, apparel, handicrafts, and chemicals. An Indian mining delegation also visited Chile in April 2024 to explore collaboration opportunities in the mining sector.