Latin Financial News

Suzuki Motor Corp expects car sales in India to grow 2% in the ongoing financial year and its local subsidiary, Maruti Suzuki, to perform better than the market, helping it recover lost market share in the country.

HBO has revealed that Lady Gaga's concert special, Gaga Chromatica Ball, will premiere on Saturday, May 25, at 8 pm. The special will air on HBO and stream on Max. Where to Watch

An April rout in emerging-market bonds and currencies has some former bulls turning negative on the outlook for the asset class.

Colombia has become the latest Latin American country to announce it will break diplomatic relations with Israel over its military campaign in Gaza

«This kind of a dramatic change in price owes itself to many things, but most of all, over-regulation of the market,» Bajaj said while responding to reporters at the launch of the Pulsar NS400Z. He clarified that he did think that norms like BS-VI were good for the society. But at the same time, opined that the government should consider reducing the GST rates charged on these vehicles.

The deal will expand Janus Henderson's ETF business in the US into Europe and is expected to complete in the second quarter of 2024.  Tabula IM was set up in 2018, specialising in fixed income and sustainable ETFs. The firm manages $500 in assets and has funds listed across ten European exchanges, serving clients across 15 countries.  Janus Henderson said it expects the acquisition to enhance its partnership with its UK and European client base, which it said is increasingly looking at active ETFs, and to reach markets in Latin America, the Middle East and APAC. Two Janus Henderson...

BENGALURU : Maiva Pharma, a Bengaluru-based injectables manufacturer, has secured ₹1,000 crore in a mix of primary and secondary funding from a fund managed by Morgan Stanley Private Equity Asia and India Life Sciences Fund-IV, led by InvAscent, to set up a new manufacturing plant near Hosur, Tamil Nadu. The fund has acquired a controlling stake with the capital infusion, making it Maiva Pharma’s first private equity fundraise.

An Argentinian lawmaker has launched a draft bill that proposes regulating Worldcoin and its operator in the Latin American nation.

The Worldcoin operator Tools for Humanity is expanding its services in Mexico, the firm announced, in spite of lawmakers’ calls for a government probe into its iris-scanning drive.

Embraer’s EMB-203 Ipanema aircraft is undergoing testing to evaluate a new method for applying bio-control agents on farms in Brazil. Led by Koppert, a prominent company specializing in agricultural biological systems, this initiative aims to enhance sustainability in national farming practices.

State Street has released its third annual private markets survey, highlighting that despite macroeconomic challenges, institutional investors are poised to increase their stakes in private markets significantly over the coming years.

Latin American Music Awards 2024 is going to be one gala event with the AMA declaring that this time Becky G, a renowned American singer and actress, known for her music covers, and also for being a recipient of the Latin Grammy Awards, will be co-hosting the awards night, according to a Pinkvilla report.

investment firm Capria Ventures has concluded the fundraising for its India Opportunity Fund at Rs 153 crore (around $19 million). Previously known as Unitus Ventures, Capria had announced the first close of the fund at Rs 80 crore in February 2023.

The Brazilian megabank Nubank is launching withdrawal services for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), in the latest bullish move from the neobank.

GoFundMe is expanding into Mexico, the company announced Tuesday

minority votes, with the BJP emerging as a strong contender against the Congress-led UDF and the CPM-led LDF. According to the 2011 Census, Muslims and Christians together account for 44.9% of Kerala's population, making their support crucial in the upcoming elections. The intense focus on minority issues in Kerala's political arena is not surprising, given that Muslims and Christians together constitute 44.9% of the state's population, according to the 2011 Census. Political parties believe this figure has only increased in recent years. Significance of Minority Votes

Chile is tentatively moving toward the launch of a CBDC, with the public seemingly firmly behind the central bank’s plans.

Elections with ET#

Bajaj Auto is aiming to achieve its target of producing 10,000 units of its Triumph motorcycles each month by September, a company executive said on Thursday. «I would pin that in the first half (of fiscal 2025),» Dinesh Thapar, Bajaj Auto's financial chief, said in a post-earnings call when asked about the goal's trajectory. «Consider between now and September,» he said.

Honda Motorcycle & Scooter India (HMSI) on Thursday inaugurated a new engine assmebly line with capacity of manufacturing 60 engines daily at its Global Resource Factory situated in Manesar, Haryana with focus on CKD (Completely Knocked Down) exports. «The new assembly line is equipped to produce engines for models ranging from 1100cc to 300cc, catering to diverse needs and preferences of customers across the globe,» said the company through a press release. «We are happy to introduce a new engine assembly line for CKD exports at our Global Resource Factory in Manesar. It is a testament to our relentless pursuit of driving technological advancements in the industry. With this step, HMSI aims to boost its export capabilities, reaching new heights in market expansion and adherence to global quality standards,» said Tsutsumu Otani, Honda Motorcycle and Scooter India Managing Director, President and CEO.

Biocon on Wednesday said it has tied up with Brazil-based Biomm SA for the commercialisation of its diabetes drug in the Latin American nation. Under the terms of the agreement, Biocon will undertake the development, manufacturing and supply of Semaglutide (gOzempic), and Biomm will be responsible for obtaining regulatory approval and commercialization in the Brazilian market. Biomm focuses on developing, manufacturing and commercialising complex biotech and biosimilar drug products at its production facility in Nova Lima. «Our partnership with Biomm marks another important step forward in our strategy to expand our global footprint beyond the US and Europe for Peptides,» Biocon CEO and MD Siddharth Mittal said in a statement.