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Petrobras. Foto: Reuters. .
Petrobras cut its net profit by 34.9% in the first quarter, to US$ 4,782 million

This result is mainly attributed to lower sales volumes and a decrease in the price of oil and diesel margins.

Fuente: El Economista
Startup Ledn records growth in the crypto lending market during the first quarter of 2024

Ledn's exponential rise was fueled by demand for Bitcoin ETFs and Celsius refinancing deals.

Fuente: Reuters
Argentina agrees to receive US$800 million from the IMF to renegotiate its debt

The southern country passed the review of the agreement with the International Monetary Fund with "better than expected" results. The agreement is subject to approval by the board of directors, which will meet in coming weeks.

Fuente: Reuters
Shipments of medical devices from Mexico to the US doubled in ten years

From 2014 to the end of 2023, an increasing trend has been observed in the value of Mexican exports of medical devices to its northern neighbor.

Fosfatos del Pacífico S.A. vía página web.
Peru's ProInversión incorporates the Bayóvar phosphate expansion into its portfolio for US$ 940 million

The project is in charge of the company Fosfatos del Pacífico SA, which identified the existence of important reserves of phosphate rock in the Bayóvar No. 9 concession.

Azul. Foto: Reuters.
Brazilian airline Azul recorded losses of US$ 216 million in the first quarter

Despite this increase in losses, its shares woke up this Monday with a boost of 2.3% compared to Friday's trading session.

Sector construcción. Foro: Andina.
Construction sector in Peru will grow 3.9% this year driven by PPPs and mining

This was confirmed by the executive director of the Peruvian Chamber of Construction (Capeco), Guido Valdivia.

BTG. Foto: Europa Press.
Brazilian bank BTG Pactual achieved a net profit of US$ 562 million until March

As reported by the entity this Monday, sales have risen above US$ 1,141.9 million. This figure is 23% higher than that reached in the first three months of last year.

Brecha precios. Foto: Reuters.
Price gap between Uruguay and Argentina narrows at the border

The sectors where the increase in sales is already evident are service stations, gastronomic establishments and tourism establishments.

Acuerdo comercial. Foto: Europa Press.
Ecuadorian importers expect cheaper Chinese products

Customers and entrepreneurs are expectant at the promise of greater supply and better prices due to the new trade agreement with the Asian giant.

Megapack. Foto: Reuters.
Tesla expands its presence in China with energy storage megafactory

They will initially produce 10,000 Megapack units each year, equivalent to almost 40 GWh of electricity storage.

Turismo. Foto: Andina.
Peru received one million tourists until April, 53.4% more

According to information from the National Superintendency of Migration, Chile was the main issuer of tourists, recording 259,300 visitors and registering a growth of 43.8% compared to 2023.

Fuente: Kia
Kia delivers taxis exempt from 50% tariffs in Ecuador and plans to continue assembly

The agreement between the South Korean brand, the Ecuadorian Ministry of Transportation and Fedotaxis allows the Soluto model to be sold for US$ 13,999 for that sector.

Fuente: Engie
Engie will completely abandon coal-based power generation in Chile from 2026

It should be remembered that in September 2022 the French company disconnected its last coal-fired unit from the Tocopilla Thermal Complex (CTT) and, after this announcement, on December 31, 2025 it would permanently exit coal-fired generation.

Fuente: Reuters
IDB approves US$250 million loan to Bolivia to boost resilience to climate change

Among other functions, the immediate care of the affected population will be financed, helping to lay the foundations for a rapid and sustainable recovery.

Fuente: El Economista
Ten economic consortia invoice 96% of the income of Mexico's telecommunications sector

The Mexican telecommunications industry earned 10,080.24 million dollars in the last quarter of 2023 and of that turnover volume, ten economic groups participated with 96.58% of all revenues in the sector.

Telefónica. Foto: Reuters.
Telefónica Hispanoamérica achieved 6% growth in fiber optic access and 1% in post-paid mobile in the first quarter

The company has 20.9 million homes and premises with access to contract or migrate to fiber optics to the home throughout the region.

Lima. Foto: Andina.
Expected economic growth of 3.1% for 2024 in Peru will allow poverty to be reduced

The reduction would be up to 3 percentage points, according to estimates by the Ministry of Economy and Finance (MEF).

Sabadell. Foto: Reuters.
BBVA faces "distraction" risks with hostile takeover bid for Sabadell, warns Fitch Ratings

"The relatively long period until the possible approval date (six to eight months) adds uncertainty and may present a distraction for both banks," the firm said.

Fuente: El Economista
TTR Data: Latin American transactional market recorded a 20% drop in the first quarter of 2024

Until April, 809 transactions have been registered and an amount of US$ 18,590 million.

Petrolera. Foto:Reuters.
Ecuador's oil exports grew 23.2% in the first quarter

But the figures also reveal a worrying outlook for refining data. In the same period of 2023, 13.8 million barrels had been refined and, on the other hand, in 2024 it fell by 12.7% when refining stood at 12 million barrels.

Cobre. Foto: Reuters.
Copper price exceeds US$ 10,000 per ton

Given expectations of shortages, which would coincide with a rebound in consumption on the automotive side and transmission networks, although also with lower demand from China.

Brasil. Foto: Unsplash.
Brazil's CPI registered the seventh consecutive month of decline, reaching 3.69% in April

In this context, it is worth noting that the Central Bank of Brazil has decided this week to cut interest rates by 25 basis points, bringing the monetary policy rate to 10.5%.

Grupo Éxito. Foto: Reuters.
Grupo Éxito migrates stores to the Éxito and Carulla brands

There will be around 40 Surtimax, Super Inter and Surtimayorist points of sale that will be converted to these two great brands.

YPF. Foto: Reuters.
Argentine oil company YPF earned US$657 million in the first quarter

By segment, billing for its upstream business increased by 14.2% and 51.6% in the gas and energy business. On the contrary, the company invoiced 3.2% for its downstream business.

crédito Reuters
Repsol denies responsibility on Peruvian oil spill, but claims it still moved on "from the moment one" to contain it.

Counselor Josu Jon Imaz noted that the incident originally responded to "a movement of the ship transporting the oil", but the company "did not limit itself" to saying that it was the responsibility of the shipping company. This Friday, the Spanish oil firm approved a series of resolutions at its annual shareholders meeting.

crédito foto Gobierno de Perú
ICSID determines that the Peruvian state must compensate Kuntur Wasi with US$91 million

For arbitrary and unjustified termination of the Concession Contract for the construction and operation of the Chinchero Airport in Cusco.

Fuente: Petrobras
Bolivia negotiates with Petrobras to invest in exploration included in the gas sale agreement

This issue is expected to be addressed at the meeting held by the presidents of Bolivia and Brazil, Luis Arce and Luiz Inácio Lula da Silva, respectively, in Santa Cruz, in July.

    crédito ITPC Sypish
    With its sights on lithium, Indonesia wants to deepen trade with Chile

    The exchange between both nations shows potential to continue increasing, say authorities of the Asian nation. Indonesian vehicles, spare parts, footwear and fertilizers, copper, cellulose and Chilean fishing items are the main exported items. But what appears most attractive now is lithium, essential for Jakarta's aspirations in the production of electric vehicles.

    Foto tomada en el evento.
    Diego Cavero of BCP: “Sustainability is at the highest level of business and strategy”

    The BCP CEO highlighted the need to rethink the role of financial institutions in a post-pandemic world, focusing on financial inclusion, support for micro businesses, and empathy through initiatives such as the Yape digital wallet.