Latin Financial News

Argentina’s President-elect Javier Milei says he's chosen Luis Caputo, a former finance minister and Central Bank chief who is known as an expert in markets, to lead the Economy Ministry when the right-wing leader takes office on Dec. 10

Tata Advanced Systems Ltd (TASL) has set up a facility to manufacture high-resolution imagery satellites that will help the armed forces keep a closer eye on border areas, betting big on the military space sector. The Bengaluru-based facility will manufacture sub-metre resolution satellites and will have a ground station that can control their movement and process imagery required by the armed forces to monitor infrastructure or acquire military targets. The defence ministry has thrown open a challenge to Indian industry to make metre and sub-metre resolution satellites for military use. Built on TASL's considerable defence sector capabilities, the facility is geared to manufacture up to 24 low earth orbit (LEO) satellites a year.

Tata AutoComp Systems has sold a land parcel measuring over 13.26 acres in Pune’s Maan area to real estate developer Titania Industrial Development for Rs 134 crore. The company has sold the land along with around 1 lakh sq ft structure on the same. The said property falls under the industrial zone and Tata Autocomp Systems has already made an application to Pune Metropolitan Regional Development Authority (PMRDA) for change of the plot’s zone to residential. Of the total consideration, Titania Industrial Development has paid Rs 24 crore in two tranches of Rs 15 crore and Rs 9 crore on October 4 and October 6, respectively.

Bank of Nova Scotia missed fiscal fourth-quarter profit estimates as the company set aside more money than expected for potentially souring loans.

By Anisha Sircar

Mayors, governors and others have been forceful advocates for newly arrived migrants seeking shelter and work permits

Spain is ready to supply more C295 defence transport aircraft to India if New Delhi requires them, Jose Maria Ridao Dominguez, Spain's Ambassador to India, told ET. Madrid is seeking to boost its often-understated partnership with India in the fields of defence, technology and infrastructure. “We do not have any political differences with India. Spain stands ready to supply more military transport aircraft to India if the country desires so,” Dominguez said.

#1 ...and as you said, AI is creating one heck of a buzz worldwide. It's got everyone more worked up than climate change, the Ukraine-Russia war, and Israel's Palestine-bashing put together. #2 The problem is that no one seems to know what exactly AI is, let alone whether it's a good thing, a bad thing or a value-neutral thing, and what to do about it. #1 Right. So, people are doing what they always do when they've got something they don't know what to do about — they're holding international conferences about AI to frame laws and rules about how to deal with it. #2 True.

Right-wing populist Javier Milei has been president-elect just four days and already Argentina’s unions and social organizations are vowing pushback and even protests if he makes good on his promises to slash the size of the state and privatize companies

A group of highly regarded barristers from Sydney’s leading chambers have struck out on their own in a move they hope will shake up the legal industry and encourage more women and diverse candidates to join the white male-dominated bar.

global economy requires consensus and consideration of the opinions of different countries, Russian President Vladimir Putin said while speaking at the G20 virtual summit. «Now the situation in the global economy, and in the world as a whole, requires collective, consensus decisions that reflect the opinion of the overwhelming majority of the international community, both developed and developing countries,» Putin said. The Russian leader pointed out that the world is undergoing processes of radical transformation. «New powerful centers of global economic development are emerging and strengthening. A significant share of global investment, trade and consumer activity is shifting to Asian, African and Latin American regions, where most of the world's population lives.

Bad Bunny has achieved a historic milestone on the latest Latin Songwriters chart (dated November 25) by becoming the first person to spend 100 weeks at No. 1. This remarkable feat is attributed to his impressive 14 writing credits on the latest Hot Latin Songs chart, with «Monaco» leading the way and securing a fifth consecutive week at No.

international workforce would be an Indian. The MEA secretary addressed the third edition of the Spain-India Forum in New Delhi on Wednesday. Underscoring the migration mobility agreement, he said, «Within a decade or so, every third or every second youth out of ten in the international workforce would be an Indian. So here what I'm directly referring to is the migration mobility agreement, which we are struggling for the Spanish government to consider.» India has signed the migration mobility agreement with Portugal, the UK, Germany, Italy and Austria. Furthermore, Verma said, «Austria is supposed to be one of the most difficult countries to deal with on migration issues. So if we can do it with several other countries, I think it's Spain.

stock market reacted with optimism Tuesday to the resounding election win by libertarian Javier Milei, despite the country being gripped by uncertainty over what changes the self-described «anarcho-capitalist» will bring. Milei, a 53-year-old economist who has vowed to scrap multiple government departments and sometimes campaigned by waving a chainsaw from the stage, trounced Argentina's long-dominant Peronist coalition as voters punished the government for decades of economic decline. Latin America's third-biggest economy is creaking under annual inflation of 143 percent. Monday, the day after the election, was a public holiday in Argentina, delaying the market reaction.

Nearing the end of a tumultuous year for assets in developing countries, emerging-market currencies are poised for the best performance since 2017 as a late rally pushes investors to lock in higher yields while they still can.

UnPrisoned,' led by Kerry Washington and Delroy Lindo, is set to return for a second season on Hulu in the U.S., Star+ in Latin America, and Disney+ in other regions, according to a report by Deadline.

Taylor Swift continued her winning record by taking home 10 BBMAs this year, giving her a total of 39 BBMAs in her career.

Argentina heads to vote on Sunday to choose from option to bring the Argentine economy out of an economic catastrophe. The contestants- Economy Minister Sergio Massa, from the ruling Peronist party, against libertarian outsider Javier Milei. Milei stands out for displacing a traditional center-right coalition in the first round of voting last month.

Narendra Modi. The Biden administration drew up various schemes involving India in alliances with Israel and rich Arab countries, aimed in part at stemming Chinese influence. A European Council on Foreign Relations report echoed the new Western consensus: The West needed to woo friendly members of the Global South such as India and Turkey if it was to build a new world order.

China's growing influence across Central America. With the Chinese ambassador at his side, Bukele toured the seven-story building, erected at a cost of $54 million paid for by China. The building sprawls over 24,000 square meters (260,000 square feet), and contains gamer and robotics areas, interactive digital screens and both a digital library and shelves containing 360,000 books, the government said on Tuesday. A day later, the son of Nicaraguan President Daniel Ortega, Laureano Ortega, inspected 250 Chinese-made buses and thanked Beijing for the «special relationship» he asserted was lifting the nation out of poverty. «The new politics of the region has accelerated China's influence and put distance between the United States and Central America, from the leftist authoritarian Ortega regime to the right-wing authoritarian Bukele regime,» Evan Ellis, a researcher at the US Army War College Strategic Studies Institute, told AFP. Since Costa Rica switched diplomatic relations from Taipei to Beijing in 2007, China has steadily gained ground in Central America, establishing relations with Panama (2017), El Salvador (2018), Nicaragua (2021) and most recently Honduras earlier this year. «China's efforts in Central America have mostly been driven by an interest in isolating Taiwan,» Margaret Myers, a specialist in China and Latin America at the Inter-American Dialogue, told AFP. In Central America, only Guatemala and Belize are among the dwindling 13 nations that still maintain diplomatic ties with Taiwan, a self-governing island that China considers part of its territory.

Shakira set the stage on fire as she performed “Acróstico” at the star-studded 2023 Latin Grammys, which was held at Seville, Spain on Thursday. Donning a gorgeous Dolce & Gabbana golden dress, the singer performed the song — an heartfelt open letter to her children, Milan and Sasha — which was also nominated as song of the year at awards show. The performance of the Colombian sensation commenced on an intimate stage adorned with mirrors and ethereal lighting. Progressing towards a piano-accompanied stage, a heartfelt video featuring her two sons singing lyrics from the song was played.