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Foto vía comunicado.
Latin America is a rising investment pole, according to Credicorp Capital

The region benefits from aspects such as macroeconomic stability, the diversity of developing sectors, the neutral geopolitical position, advances in the integration of financial systems, and the abundance of strategic resources.

Elizabeth Taylor. Foto: Reuters.
Elizabeth Taylor Cosmetics appeals against registration of 'Listailor' in Chile

The Instituto Nacional de Propiedad Industrial (INAPI) accepted the registration of the name 'Listailor', a company dedicated to the field of food distribution and preparation.

Foto inflación
Rising food prices push inflation up to 5.8% in OECD countries

In March 2024, energy prices moved into positive territory for the first time since April 2023 with a reading of +0.6%.

Construcción. Foto: Andina.
Construction sector in Peru grew 3.8% in the first quarter

Consensus of official and private entities points to growth of 4% this year, said the Peruvian Chamber of Construction (Capeco).

Fuente: nuam exchange
Integrated market of Chile, Peru and Colombia seals alliance with fintech associations

nuam exchange , as part of its commitment to the development of new technologies in the financial industry and the promotion of innovation in the region, signed a collaboration agreement with the fintech associations of the respective countries.

Fuente: Cámara de Diputados de Bolivia
Anti-extension bills truncate approval of Bolivia's accession to Mercosur

The 101st ordinary session of the Bolivian Chamber of Deputies was held with the presence of 102 legislators, of which 45 approved to continue with the assembly, while 57 voted against.

    Fuente: El Economista
    Brazilian Gerdau would require an investment of US$600 million to build a new steel plant in Mexico

    If plans indicate commercial viability for the new facility, construction will begin in 2025.

    Noboa. Foto: Reuters.
    President of Ecuador creates Energy Optimization Committee

    Among the entity's objectives are to integrate and design public policy related to the use of energy in public, social and environmental security.

    Litio. Foto: Andina.
    Lithium prices begin to recover

    A ton of lithium carbonate is trading above US$15,000.

      Carne. Foto: Andina.
      FAO reported increase in food prices for the second consecutive month

      In April it grew 0.3% compared to the previous month, but 18.3% less than a year ago.

      BBVA. Foto: Reuters.
      Renta 4 does not exclude the possibility that BBVA pays part of the merger with Sabadell in cash

      According to analyst Nuria Álvarez, this would occur with the aim of facilitating the operation given the possible reluctance of Sabadell regarding the merger, for which BBVA would use its excess capital, estimated at around US$ 3,320 million.

      Copec. Foto: Reuters.
      Chilean Copec diversifies its offer with the acquisition of Streat Burger

      The hamburger and food products brand, founded in 2016 by Nicolás Lipthay and Diego Desmadryl, currently has seven locations.

      Exportaciones. Foto: Reuters.
      Exports in Uruguay grew 27% in April

      Sales of beef, live cattle and pulp were relevant during the month. In contrast, dairy products and rice closed the month with negative numbers.

      Wom.
      Superintendency approved the entry of WOM Colombia into the restructuring process

      The above, argued the company, because it is going through a complex economic moment that could affect its operational payment capacity, which in the long run could lead to liquidation.

      Yape
      Raimundo Morales, CEO of Yappe, says the supper app is included in the definition of neobank

      After four years of leadership in Peru, Yape, the digital wallet of the Credicorp financial holding, faces the challenge of consolidating its first operation abroad: Bolivia, which added 1.5 million users in just over six months. This is part of a growth path that includes the possibility of becoming a neobank.

      Crédito foto Cencosud holding
      Cencosud reports a 12.4% revenue increase for the first quarter of 2024

      In the first three months of the year, reported revenues reached approximately US$4.1 billion, highlighting double-digit growth in the United States, Brazil, Peru and Colombia. The online channel contributed with an increase in revenue of 12.3% in the period, and reached 6.4 million tickets, highlighting the United States and Brazil. But inflation in Argentina means the holding company significant losses in the currency exchange.

      Fuente: Agencia Andina
      Peru: Macusani lithium project would operate in 2027 under an investment of US$ 847 million

      Macusani Yellowcake, the company in charge of the project, estimates to set up a refinery in 2028.

      Fuente: BCB
      Bolivia's international reserves grew 5% during the first quarter of the year

      In the report presented to the Legislative Assembly, the Central Bank of Bolivia reported that until April of this year it purchased a total of 8.65 tons, of which 4.56 were acquired between January and April 2024.

        Fuente: El Economista
        Remittance shipments to Mexico totaled US$ 14,105 million in the first quarter of 2024

        Between January and March of this year, the flow of remittances had an annual growth of 1%; However, it is the lowest observed for a similar period since the drop observed in 2013.

        Foto vía comunicado.
        Marisela Alvarenga, from the IDB Invest: the economic growth of Latin America is a “leap of faith” towards the fintech-bank alliance

        The drive towards a strategic alliance between fintech and banks emerges as the key catalyst for economic growth and financial inclusion in Latin America. With the support of data that reveals notable progress in the adoption of digital solutions, led by fintech, the region is preparing to take a significant leap towards an interconnected and collaborative regional financial ecosystem.

        Fuente: COFIDE
        COFIDE, Peruvian development bank, issues social bond for US$ 300 million

        After four years without issuing in international markets, this new issue obtained an oversubscription of 4.3 times, with a historical record of spread against the sovereign.

        Fuente: El Economista
        Lower consumption in the US caused a 2.9% decrease in Mexican exports in March

        Even so, the Aztec country remained the first partner of its northern neighbor in merchandise trade, with a share of 15.8%, followed by Canada and China.

        Foto Unsplash
        Digital payments: when the wallet rules

        Exponential digital wallets growth in the region aims to continue transforming not only the payment experience, but also access to more financial and non-financial products, and even in-person sales. In a region where cash remains king for now, the challenge is to deepen recurrence and achieve full interoperability.

        Bancolombia. Foto: Reuters.
        Bancolombia enters the world of cryptocurrencies with Wenia

        As explained by Juan Carlos Mora, president of this business group, the operation of this platform will be intermediated by a crypto asset that they created and which they called COPW.

        F1. Foto: Europa Press.
        Globant and Formula 1 join forces to promote the digital experience in racing

        The first two projects of this collaboration will focus on improving the current pit wall system, a key source of information for racing teams, and enriching the mobile application experience for fans.

        Mexicana. Foto: Reuters.
        Mexicana de Aviación increased its subsidy by 1,030% by 2024

        Among the benefits to be obtained with the requested resources are: covering unmet demand, shorter waiting time for users to obtain a flight in high season, competitive prices, greater range on routes, greater options for fast and efficient transportation, and generation of employment.

        Startups. Foto: Unsplash.
        'Unicorns' tend to lose value immediately after going public

        A study conducted at the University of Chile revealed that the stock market tends to pay around 7% more for companies that do not have the label.

        Santiago de Chile. Foto: Unsplash.
        Chile registered growth of 0.8% in March, more discreet than the previous month

        The result of the Monthly Index of Economic Activity (Imacec) was explained by the increase in mining and other goods, offset by the falls in commerce and industry.

        Fedexpor vía X.
        Ecuador and China formalize trade agreement with announcement of import fair

        The participation of phytosanitary authorities is proposed to better understand options so that products that are already considered can enter the Asian giant.

        crédito foto Reuters edificio OCDE
        OECD forecasts modest growth for Latin America in 2024-2025

        The organization said this morning in its semiannual outlook report for the region that the seven largest Latin American economies -Brazil, Mexico, Colombia, Argentina, Chile, Peru, Costa Rica- will grow on average 1.4% this year and 2.4% in 2025, a slowdown after the 1.9% registered in 2023.