Latin Financial News

BRASILIA (Reuters) — Approval of President Luiz Inacio Lula da Silva's performance has fallen in the last two months as Brazilians worry that Latin America's largest economy is worsening, a new Genial/Quaest poll showed on Wednesday.

BRUSSELS/LONDON (Reuters) -Heineken retained its full-year outlook on Wednesday, bolstering shares in the world's second largest brewer even as it sold less beer.

₹1,500 crore in 2022-23, is looking to cut its reliance on Chinese raw material, even as it expands to Latin American markets. In an interview, Bhavesh Shah, managing director of the Gujarat-based firm, shared his views on how erratic rains dampened kharif sales as well as the concerns arising out of the improper use of pesticides by farmers. Edited excerpts: Kharif was not good due to (erratic) rainfall.

Coca-Cola is raising its full-year revenue forecast after a stronger-than-expected third quarter

NEW DELHI : India-backed Global Biofuels Alliance (GBA) is looking for more countries to join it from South-east Asia and Africa after the Philippines and Tanzania became the latest entrants. The move is strategically significant as it is expected to give India an upper hand over China which has interests in both South East Asian and Africa and has been opposed to joining the alliance. The alliance launched on 9 September on the sidelines of the G20 Leadership Summit was initially conceptualized with a view to getting all G20 members on board.

By Nelson Bocanegra

(Reuters) -Chevron said on Monday it agreed to buy Hess for $53 billion in stock, the second proposed mega-merger among the biggest U.S. oil players after Exxon Mobil (NYSE:XOM) bid $60 billion for Pioneer Natural Resources (NYSE:PXD) earlier this month.

Pokemon Go fans can look forward to the Dia de Muertos event, featuring special costumed Pokemon and bonuses. The event starts on November 1, 2023, at 10 AM and ends on November 2, 2023, at 8 PM local time, lasting just two days. During the event, trainers will encounter new costumed Pokemon: Cubone and Marowak wearing cempasúchil crowns, alongside Duskull with the same attire from the previous year. The event will bring forth various Pokemon in the wild, including Sunkern, Sableye, Roselia, Duskull with a cempasúchil crown, Drifloon, Litwick, Cubone with the cempasúchil crown, Yamask, and Phantump. Using Incense and Lure Modules will attract Sunkern, Sunflora, Houndour, Sableye, Roselia, Duskull with a cempasúchil crown, Drifloon, Cubone with the cempasúchil crown, and Flabébé (Orange flower). Completing Field Research tasks during the event can lead to encounters with Sunkern, Drifloon, Litwick, Cubone wearing a cempasúchil crown, and Alolan Marowak. Raid eggs will hatch into various Pokemon, with Cubone wearing a cempasúchil crown in One-Star Raids, Azumarill, Umbreon, Hariyama, and Bombirdier in Three-Star Raids, Darkrai in Five-Star Raids, and Mega Banette in Mega Raids. Additionally, the event offers bonuses, such as Lure Modules lasting for 90 minutes, a 2x Catch Candy boost, and Incense (excluding Daily Adventure Incense) also lasting for 90 minutes. Trainers in Latin America and the Caribbean will receive extra Candy for transferring Pokemon.

Chris Ellison’s Mineral Resources has turned its attention to a new lithium target with links to the company’s chairman, located near the prolific Wodgina lithium mine jointly owned by MinRes and Albemarle.

By Dave Graham

Glenmark Life Sciences reported an 11.1% rise in second-quarter profit on Friday, led by strong growth in its mainstay active pharmaceutical ingredients (API) business in domestic as well as U.S. and European markets.

TVS Motor Company, a leading manufacturer of two-wheelers and three-wheelers globally, announced its momentous entry into the Venezuelan market today. “This makes TVS Motor the first Indian automobile manufacturer to enter the market with a host of 14 SKUs for the enthusiastic riders of Venezuela, with their local distributor, SERVISUMINISTROS JPG," the company said in today's regulatory filing.

PANAMA CITY (Reuters) — The CAF Development Bank of Latin America and the Caribbean has placed a record $1.75 billion bond with a three-and-a-half year maturity and 6% coupon, the bank said in a statement on Thursday.

Global fintech giant Airwallex on Thursday said it has agreed to acquire MexPago, a rival payments company based out of Mexico, for an undisclosed sum to help the firm expand its Latin America footprint.

Nicky Jam revealed his plan to retire soon on October 17 through a social media post. He shared his upcoming last global tour and final album as part of his legacy. In the announcement, he also expressed his appreciation for his fans. Accompanying the retirement news was a video from Nicky Jam's bio-series, «Nicky Jam: El Ganador,» highlighting his journey from a troubled past to his current status as a prominent figure in Latin music. The video featured the song «Past Lives» by sapientdream. Nicky Jam, whose real name is Nick Rivera Caminero, is known for his remarkable comeback in the music industry. After experiencing success in the 1990s, Jam faced struggles with addiction and depression. His move to Medellín, Colombia, in 2007 marked a turning point in his life. In his own words, «They made me feel like I was a legend. The boost they gave me made me want to be a better person.» This transformation involved adopting a healthier lifestyle by quitting drugs and alcohol. Since then, Nicky Jam has maintained his dedication to his career, achieving significant success. He has secured 17 top 10 songs on Billboard's Hot Latin Songs chart, including five number one hits. On the Top Latin Albums chart, he has had three top 10 albums and one chart-topping release, «Fenix,» in 2017, which held the number one position for eight weeks. Additionally, Nicky Jam hosted his talk show, «The Rockstar Show,» at Latin Music Week for the second year in a row. In this year's edition, he welcomed guests Ivy Queen and Jesús Ortiz Paz, the frontman of Fuerza Regida.

Chinese President Xi Jinping is promising greater access to China’s market for international firms and new financing exceeding $100 billion for other developing economies

Ukraine war and an escalating conflict in the Middle East. Xi is hosting Putin along with dozens of global leaders at the Belt and Road Initiative (BRI) Summit to celebrate 10 years since the Chinese President launched the infrastructure project aimed at strengthening alliances with Asian, African, and Latin American nations. During the meeting, the two leaders are expected to focus on their remarks about the Israel-Hamas war as US President Joe Biden is visiting Israel today.

China is hosting its third international forum centered around President Xi Jinping’s signature policy, the Belt and Road Initiative, which over the past 10 years has built infrastructure across continents, burdening some smaller countries with debt

Eastern Asia has seen its cryptocurrency market dynamics shift significantly, with a notable decline in crypto activity over recent years, primarily attributed to China's restrictive stance. However, a wind of change may be blowing from Hong Kong, as the region experiences a surge in crypto-related initiatives and regulatory friendliness, igniting speculations regarding China's evolving digital asset outlook, according to Chainalysis.

China’s Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised environmental concerns

Daniel Noboa has managed to do what his father failed at five times: Getting elected as Ecuador’s president