Latin Financial News

The new head of the U.N.’s migration agency says the private sector is “desperate” for their countries to take in migrants to mop up labor shortages, especially in the West

exports received a much-need boost on account of free trade agreements (FTAs) with UAE and Australia with shipments to both nations surging 9% in April-August period of the financial year 2023-24 even as overall engineering exports slipped during the period under review. Engineering exports to UAE in April-August period of FY24 increased 9% year-on-year to $2.24 billion. In the same period, engineering exports to Australia also jumped 9% year-on-year and stood at $596.14 million as compared to $548.62 in April-August period of FY23. Overall engineering exports in April-August period of 2023-24 dropped 4.55% to $44.62 billion as against $46.74 billion in April-August period of 2022-23. Notably, engineering exports to Russia surged 178% year-on-year to $568.41 million in April-August period of FY24.

Aakash Moondhra, global chief financial officer of Prosus-owned PayU, on Thursday said he has resigned from the payments firm, but will stay in post till September 30. Moondhra, who took to professional networking website, LinkedIn to share the news of his departure from the global fintech firm, called it the ‘end of an era’.

Denmark’s Lego says it remains committed to its quest to find sustainable materials to reduce carbon emissions, even after an experiment by the world’s largest toymaker to use recycled bottles did not work

India's G20 Presidency was «challenging» as it came amid «a very sharp» East-West polarisation and «very deep» North-South divide, External Affairs Minister S Jaishankar has said. The remarks by Jaishankar came at a special 'India-UN for Global South: Delivering for Development' side event he hosted here on Saturday on the margins of the 78th session of the UN General Assembly. «We meet just a few weeks after the New Delhi G20 Summit, a summit which took place on the theme of 'One Earth, One Family, One Future'.

fall equinox arrived on Saturday in the Northern Hemisphere and with this, the fall season began. But, what does it mean?

India and Japan to be made permanent members of the United Nations Security Council. During her address at the 78th session of the United Nations General Assembly on Friday, Wong stressed for greater permanent and non-permanent representation for Africa, Latin America, and Asia. «For UNSC's contribution to African Union-led operations. Our commitment to peace and security is why Australia seeks a seat in the Security Council for the year 2029-30.

Indian government bonds in its Government Bond Index-Emerging Markets (GBI-EM) with effect from June 2024 says it all. Predictably, markets are elated, policy makers, circumspect. This is not surprising.

United Nations General Assembly (UNGA) in New York to discuss the ongoing negotiations for the reform of the UN Security Council (UNSC). In a joint statement, ministers from all four countries underscored that multilateralism is under significant strain due to multiple and complex crises. They also concurred that the UN Security Council’s inability to effectively and timely address contemporary global challenges reinforces the urgent need for its comprehensive reform. They reiterated that the expansion of the UN Security Council in both permanent and non-permanent categories of membership is essential to make the body more representative, legitimate, effective and efficient.

Resource Capital Funds has sold engineering and consulting firm Ausenco for about $900 million in a deal with a US billionaire and private equity firms looking to boost their exposure to battery minerals and energy transition.

By Kylie Madry

NEW DELHI : Billionaire Naveen Jindal, via a privately held unit, plans to set up a steel mill in Nigeria and a power plant in Botswana to serve the African market, two people familiar with the development said. As part of the plan, Vulcan Steel, a privately held company by the Jindal family, has decided to build a 3 million tonne per annum (mtpa) capacity steel plant, while Jindal Power Ltd, another privately held unit, will set up the thermal power unit, which will produce as much as 600 megawatts (MW) at peak capacity. The entities controlled by Jindal have secured minerals and power purchase agreements in both nations.

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lithium-ion batteries and fuel cells by 2030 as it was on Russia for energy before the war in Ukraine unless it takes strong measures, a paper prepared for EU leaders said. The document, obtained by Reuters, will be the basis of discussions on Europe's economic security during a meeting of EU leaders in Granada, Spain, on October 5.

National Hispanic Heritage Month began on Friday, September 15, a number of cultural programs celebrating Latino art and culture were held across the country. It is held every year from September 15 to October 15, to recognize the contributions of Hispanic Americans. Prior to National Hispanic Heritage Month, there was Hispanic Heritage Week. President Lyndon Johnson recognized it as a month of holiday for the first time in 1968.

Crypto startup Ramp Network has integrated Pix, a payment method offered by the Central Bank of Brazil.

The leaders of China and Zambia have announced an upgrading of their ties as the world’s second-largest economy forges deeper ties with the Global South

QUITO (Reuters) — The Development Bank of Latin America (CAF) has approved three credits for Ecuador worth a total of $488 million, part of which will help the next government with funding, the Economy and Finance Ministry said on Friday.

These jackets are not only fashion-forward but also designed to keep you comfortable when the temperature drops. Whether you are a fan of classic black leather, crave a bold pop of colour, or prefer a sleek and minimalist look, our selection has something to suit every taste. Join us as we explore the top choices to elevate your winter wardrobe and make a lasting impression wherever you go.

WASHINGTON—Four months after President Biden switched strategies to stem illegal crossings at the southern border, the new plan isn’t working. Border crossings from Mexico into the U.S. are on the rise again after an unexpected drop in May and June, when the administration ended its use of the pandemic-era measure known as Title 42 and replaced it with a new set of policies it said would work as a better deterrent.

Citi has announced a significant change to its organizational model and its management structure.