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render proyecto tren david panama AN Panamá
David-Panama train project would be viable with private participation, according to experts

Juan Pablo Buriticá, General Manager of Ruta del Este, ISA, indicated that from the investor's point of view, any business is viable as long as the equation works. It also has to have enough income to cover all the costs of the project and leave a profit for the investor.

Reuters camiones México
Mexican truck production hits record high in August due to increased US demand

The sector association reported to Inegi that truck production from January to August of this year registered a decrease of 3.6% compared to the same period in 2023, with a total of 145,236 locally assembled vehicles, compared to 150,730 trucks in the previous year.

crédito foto FB de Luis Arce
Bolivian YLB signs contract with Russian Uranium for direct lithium extraction plant

The contract must be approved by the Legislative Assembly. President Luis Arce hopes that legislators will show “patriotism” to expedite the approval of the contract that “will benefit the country.”

getty
Historic 20% increase in land values for industrial use reported in Chile's capital

In six years, the value of industrial land in the capital has increased by 20%, following the rise of e-commerce and the post-pandemic economic recovery, according to a report by Mercado Libre and consultancy firm JLL.

crédito foto Ministerio de RREE Uruguay
Chinese mission in Uruguay highlights that relations are at a "higher level" and with more commercial possibilities

A Chinese delegation visited Montevideo and said that exchanges between the two countries could grow.

crédito foto Asimet
Activity in Chile's metallurgical-metalworking sector falls for the sixth consecutive month

In July, the sector showed a 6.5% drop in its production levels, far from the 7.8% that manufacturing recorded in the same period. “The lack of investment projects and the increase in fixed costs keep us in a state of alert and concern regarding the continuity of our companies,” said the president of ASIMET, Fernando García.

reuters carbon tax
How does the carbon tax proposed by the Petro government in Colombia work?

The bill, presented to Congress on Tuesday, increases the carbon tax rate. In Colombia, CO2 emissions from fuel combustion amount to 99.72 million tons. Despite this, the carbon tax only represents 0.23% of the country's total tax revenue.

crédito foto La razón donada por CAO
In Bolivia, direct fuel imports are reported to benefit only 20% of producers

Of the 70,000 producers that make up the Chamber of Farmers of the East, 80% buy their fuel daily or weekly and do not have the resources to import directly.

crédito foto Agencia Xinhua trabajadores mexicanos en faena
Mexico lowers employment expectations for the last quarter of the year due to political factors

The elements that weigh in on this assessment are the reform of the Judicial Branch and the United States elections. It would be the worst employment figure of AMLO's six-year term, without considering the pandemic, says the IMSS.

crédito DW de Reuters
Russia to grant new credit lines to Cuba

With this aid, the Cuban government hopes that Havana will overcome the "serious" consequences of the economic blockade imposed by the United States.

Reuters Michael Barr de la Fed
The Fed will cut by half the increase in capital reserves required for large US banks

Although analysts say the Fed caved in to the Wall Street lobby, the 9% increase in capital still left critics of Michael Barr's announcement.

Fuente: Manpower Group
Chile projects a slight increase in hiring expectations for the last quarter of 2024

Net employment expectations for the fourth quarter of 2024 are 8%, one percentage point higher than the previous quarter.

Fuente: SQM
Chilean lithium producer SQM places US$850 million bond on international markets

The Company expects to use the net proceeds from the placement to refinance outstanding debt and for general corporate purposes, including financing SQM's capital expenditures.

Fuente: El Economista
TTR Data: Capital mobilized in Mexico's M&A market registers a 5% increase so far in 2024

As of August, 234 transactions have been recorded in the country for US$ 11.919 billion.

Fuente: Agencia Andina
Petroperú Board of Directors presents resignation before General Shareholders Meeting

Directors consider that they have fulfilled their assigned responsibility.

crédito foto Reuters importaciones chinas de cobre
Chinese copper imports fall to 16-month low

Imports of raw copper and copper products last month stood at 415,000 metric tons, down 12.3 percent from 473,330 tons a year earlier and the lowest level since April last year, according to data from the General Administration of Customs.

crédito FCAB locomotora a hidrógeno
From locomotives to forklifts: green hydrogen gains momentum in Chile

A study by the Central Bank determined that it has become an attractive investment for zero-emission projects, but it also allows for the clean generation of its derivatives: ammonia, methanol and the so-called e-fuels.

Crédito foto Caption YouTube El Economista México
Mexican consumer confidence is at its highest level since 2019

The component “Economic situation of the country today, compared to 12 months ago” was the one that showed the greatest monthly advance, with an increase of 1.2 points compared to last July.

crédito foto Agencia Xinhua vistazo de Buenos Aires
Argentine manufacturing industry continues its decline in July 2024

The manufacturing sector, a key barometer of the country's economic health, registered a contraction of 5.4% compared with the same month last year, deepening the negative trend seen in previous months.

crédito foto Reuters desastre natural Brasil
Moody's report: catastrophe and reinsurance costs rise for Latin America

Brazil and Mexico have seen less growth in 2024, which will impact insurance after a period of strong premium growth. While in Chile, Colombia and Peru, the insurance market will grow more than in other countries, but will still be below long-term averages.

Lima Agencia Andina BCP nota
BCP Report: Countercyclical policy and exports boost Peruvian economic recovery

In addition to lower inflation, the entity predicts that national production will grow 3% in 2024.

crédito Panama Ports
Container, cargo and passenger transport movement grows in Panama ports

From January to July 2024, container movement per unit was in the order of 3,135,968 compared to 2,629,843 in the same period of 2023, representing an increase of 19.2%.

Crédito foto Reuters Marcos Galperin
Marcos Galperin: "Mercado Libre has yet enormous room for growth"

Marketplace MercadoLibre, Latin America's answer to China's Amazon or Alibaba, has already become the region's most valuable listed company, with a market capitalisation of more than US$100 billion. Its share price has risen by around 1,600% in ten years and 26% this year.

Fuente: Reuters
Why is the Colombian peso performing better than other Latin American currencies?

Colombia's inflation rate reached 6.86% in July, one of the highest in the region. In comparison, Brazil's inflation is at 4.5% compared to the previous year, and Mexico's at 5.57%.

Fuente: CAF
CAF is committed to supporting Mexico in economic development and closing social gaps

Vice President of Strategic Programming, Christian Asinelli, was in charge of showing this commitment to Mexico at an event entitled "Rethinking the Development of Latin America and the Caribbean from Mexico."

Fuente: El Economista
Mexican Banking Association says there are 400 nearshoring projects planned

Banking union is waiting to see how changes to the Federal Judicial Branch will come about: ABM.

Fuente: X
Luis Arce blames Evo Morales' administration for causing dollar shortages in Bolivia

In a lengthy explanation, the Bolivian president said that the 2006 nationalization was not taken care of, which today generates less production and more payments for fuel imports.

    Fuente: Petroperú
    Peruvian government to appoint international administrator to save Petroperú from bankruptcy

    This was stated by the President of the Council of Ministers of Peru, Gustavo Adrianzén, in a television interview, in which he explained the need to take measures in view of the complicated financial situation of the company.

    crédito foto caption Twitter presidencia Ecuador
    Ecuadorian government will waive electricity bills for December, January and February

    "After putting public finances in order, we have decided to take charge of the electricity bill for the months of December, January and February, up to 180 KW of consumption will be free," the president announced on national television.

    reuters Sabadell
    BBVA and Banco Sabadell close with a fall on the stock market after the ECB gives the green light to their takeover bid

    Both financial institutions closed the week with a cumulative decline of 7% each, as they were also weighed down by investors' doubts regarding the evolution of monetary policy by the main central banks.