Latin Financial News

30.07 / 08:22

markets UPS Action performer Latin reports Spirits maker Diageo misses FY profit forecasts as sales dip

Diageo reported 4.8% decline in annual profit on Tuesday, just short of analyst expectations, due to a steep decline in sales in Latin America and the Caribbean.

29.07 / 20:13

Hollywood Enterprise Photos Latin Olympics stars Features Star Trek: Strange New Worlds Season 3: Here’s cast, first-look clip, production and where to stream

Star Trek: Strange New Worlds' at San Diego Comic-Con. The announcement includes a first-look clip, photos, and new cast members.

26.07 / 19:54

COST Sustainability Food pandemic country Latin Surging shipping costs give companies a sinking feeling

freight rates have soared around 105% in the past three months and a severe container shortage is hurting industries from agriculture to automotive.

24.07 / 07:25

markets UPS Digital pandemic Latin reports Visa's fiscal third-quarter profits rise 9% as payments become increasingly digital

Payment processing giant Visa Inc. said its fiscal third-quarter profits rose 9% on an adjusted basis as it benefits from consumers and businesses moving their payments from cash to credit and debit cards

17.07 / 23:15

markets Continental War poverty country Latin peace Columbia experiences fall in demand for cocaine leaving it high and dry

Columbia has a unique problem. The Latin American country is in a catch 22-situation. The Government had signed an important agreement with a major rebel group to attain peace and prosperity but now faces another issue pertaining to increasing levels poverty which may have been caused by this agreement. Columbia’s cocaine production was at an all-time high but now this supply remains unsold resulting in large scale poverty of the farmers who were cultivating this drug. There has been a dramatic downturn in the drug market which has added to the reduced sales of this drug resulting in economic hardships for the people.

17.07 / 03:44

Bitcoin Latin Equality Paraguay Hits New Milestone in Illegal Bitcoin Mining Crackdown

Paraguay has hit a new milestone in its illegal crypto mining crackdown, equalling the tally of Bitcoin (BTC) mining rigs seized in Venezuela.

13.07 / 14:02

markets Latin America Worldcoin country Latin reports International Worldcoin Pushback Sees Firm Change the Way it Collects Data in Chile

Tools For Humanity, the operator of Worldcoin (WLD), will change the way it collects data in Chile after legal challenges.

13.07 / 10:51

UPS BLOCK security wellness country Latin India taps Africa, Latin America to shore up critical mineral supply

Latin America to secure critical mineral blocks on a government-to-government basis, Veena Kumari Dermal, joint secretary in the mines ministry, said on Tuesday. Critical minerals like lithium are crucial in driving energy transition as they are essential for clean energy technologies, including wind and electric vehicles. Currently, New Delhi is heavily reliant on imports for its critical mineral supply. «We are having lots of discussions with many resource-rich countries in Africa as well as in Latin America for getting a block on a priority basis or government-to-government basis,» said Dermal.

13.07 / 08:04

markets USDT Fighting Forbes Latin reports Argentinians Increasingly Hoarding USDT – Report

Argentinians are increasingly hoarding USDT in a bid to safeguard the value of their savings and fight hyperinflation, a new report has claimed.

13.07 / 05:23

BLOCK Fighting economy Election President country Latin Economic turmoil in Bolivia fuels distrust in government and its claim of a 'failed coup'

Bolivians have been hit hard by economic turmoil in the small South American nation fueled by a longtime hyper-dependence on, and now shortage of, U.S. dollars

12.07 / 23:11

markets COST UPS JPMorgan Compilation Election Latin EM bonds totaled $321B in first half of 2024, but slowdown is ahead

After a blockbuster six months, the sale of emerging-market bonds in hard currencies is set to slow down sharply in a second-half that’s littered with political risk.

12.07 / 21:23

UPS economy Trade President Experts country Latin With Argentina's president skipping Mercosur, the future of the trade alliance looks doubtful

The most notable thing about the annual Mercosur summit kicking off in Paraguay is an absence — that of Argentine President Javier Milei

12.07 / 18:07

Aviat Death social singer Latin International polo Rome's airport is named for da Vinci, Venice's for Marco Polo. Milan's Malpensa? Silvio Berlusconi

Milan’s Malpensa Airport, Italy’s second-busiest passenger airport, is being renamed after Silvio Berlusconi

28.06 / 12:35

Progressive economy Election President performer Latin Interviews Mexico opts to keep rates at 11% amid volatile peso

The peso’s volatility influenced the central bank’s decision Thursday to hold rates steady, Banco de Mexico’s Governor Victoria Rodriguez said. Given its possible effects on inflation, it could also play a role in how the bank weighs future cuts.

28.06 / 07:13

markets track country Latin Destinations Higher demand from US, Turkey, UAE, Saudi Arabia drive engineering exports in May: EEPC India

engineering exports bounced back in May 2024 and recorded 7.39% year-on-year growth to $9.99 billion. In April this year, engineering exports registered a 4.49% decline compared to the previous fiscal period. Significant export growth was noted in West Asia and North Africa (WANA), Latin America, and European countries outside the European Union (EU) during May this year. Exports to the EU declined significantly during this period.

27.06 / 23:43

UPS Manufacturing Trade country social Latin consequences US automobile industry threatened by prospects of Chinese EVs entering the country through the Mexican border

Mexican border using the rules framed under the US-Mexico-Canada Trade Agreement. The average price of an EV vehicle manufactured in the US is $55,000 and the Chinese vehicles are priced at half this rate. The US has many options to tackle what may be termed as an “unfair trade practice”. There are several economic and social consequences, the US will need to deal with. The primary concern is related to job loss. The American automobile industry is threatened by this.

27.06 / 15:40

President Latin Courts rights Chairman of federal control board overseeing Puerto Rico finances to step down

The chairman of a federal control board that oversees Puerto Rico’s finances has announced he is stepping down as the U.S. territory struggles to restructure more than $9 billion in debt held by its troubled power company

27.06 / 12:49

markets CEO JPMorgan President Latin Relationships International Americana Partners takes aim at LatAm wealth opportunity

Americana Partners, a Texas RIA managing over $7 billion in assets, is breaking into the Latin American market with the creation of a new dedicated division.

26.06 / 15:37

markets Provident wellness Healthcare country Latin inclusion Dr Reddy’s to buy Haleon’s nicotine replacement therapy portfolio outside US for £500 mn

Dr. Reddy’s said in the statement.The Hyderabad-based company will inherit the global nicotine replacement therapy (NRT) brand Nicotinell with a footprint in over 30 countries spanning Europe, Asia including Japan, and Latin America, along with the brand Nicabate, Habitrol and Thrive in markets outside of the US.“…The portfolio is attractive for its customer loyalty, its global nature, and the access it provides to key customers," said Israeli."We believe we can unlock more value, grow the portfolio further, and increase consumer access around the world to these global brands.

26.06 / 07:03

markets Digital Software country Latin information reports IT service exports should start diversifying in AI, cloud computing and data analytics, say industry players

Information Technology) segment. Historically, the majority of India’s IT service importers include North America and Europe, but there has been a lot of interest and potential coming from Asia, Africa, and Latin America, says experts. Register for the ET MSME Day 2024 here

25.06 / 09:29

markets UPS Healthcare Latin hospital Updates Pharmaceuticals Small-cap stock Balaxi Pharma jumps 7% after this overseas business update

Stock market today: Balaxi Pharma shares witnessed strong buying interest among Indian stock market bulls. The small-cap pharma stock opened upside at ₹120.90 per share and touched an intraday high of ₹129.45 apiece, recording an intraday high of over 7 percent during Tuesday deals.

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