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Fuente: Reuters
Colombia signs trade agreement with the United Arab Emirates to export products without tariffs

The Comprehensive Economic Partnership Agreement was signed this Thursday. The next step is for the document to comply with the internal procedures of each country. In Colombia it must go through the Congress of the Republic and, subsequently, be reviewed by the Constitutional Court.

Fuente: Reuters
Scotiabank leads US$1.2 billion loan to Colombian oil company Ecopetrol

This transaction, in which Scotiabank participated with US$300 million, is closed for a term of five years with amortization at maturity.

Foto vía comunicado.
Peruvian Ferreyros exceeds US$ 263 million in online sales of spare parts in five years

These volumes reflect the demand registered on its e-commerce platform Parts.Cat.Com (PCC) and its integrated purchasing system for large companies.

Petrobras. Foto: Reuters.
Petrobras and China National Chemical Energy Company sign memorandum of understanding

The agreement will last for two years and will be activated immediately with the joint analysis of the fertilizer and petrochemical assets.

Ramón Celestino Velá vía X.
China and Venezuela formalize protocols to start commercial flights

The start of the airlift, led by the Venezuelan airline Conviasa, represents an important step in strengthening bilateral relations, as well as an opportunity to promote tourism, commercial exchange and strategic development.

Energía eléctrica. Foto: Europa Press.
Colombia rules out electricity rationing and announces regulatory measures

According to the head of the portfolio, the Government has the goal of achieving a 4% decrease in energy consumption through efficient use.

Banco argentino. Foto: Reuters.
Argentina seeks to be a "global partner" of NATO

The Argentine president, Javier Milei, who canceled his European tour after Iran's attack on Israel on Saturday, has opted to intensify defense policy.

Dólar. Foto: Reuters.
Uruguayan tourism to Argentina is reduced by 25% while prices align

Official figures confirm a decrease in the flow of visitors to the neighboring shore in the first quarter. In addition, the growth of Brazil as a vacation destination at the start of 2024 stands out.

FMI. Foto: Reuters.
IMF trusts in Mexico to advance fiscal consolidation

They will have to increase non-oil revenues and rationalize public spending.

Fuente: Reuters
Chile's Minister of Finance will travel to the US with a view to attracting new investors to the country

The head of the fiscal coffers has planned a series of activities - both in Washington and New York - with the World Bank, IMF and the UN. His agenda includes appointments and forums with investors, to whom he will present the perspectives of the Chilean economy.

Fuente: El Economista
Ecuador suspends the working day for two days due to the severity of the energy crisis

The government of Daniel Noboa, which announced that only half of the electricity bill will be paid in April, suspects acts of corruption that would have aggravated an already complex scenario due to the lack of rain.

FCU. Foto: Sacyr.
Sacyr inaugurates the Central Railway of Uruguay with an investment of almost $972 million

The project, awarded in 2019, included the design, construction, financing, rehabilitation and maintenance of the Central Railway for a period of 15 years.

Tesla. Foto: Reuters.
Tesla faces sales challenges as it expands in India and China

Elon Musk plans to announce an investment of up to $3 billion to build a new factory in India during his visit to New Delhi next week. At the same time, the company is preparing to launch a megafactory in Shanghai.

Foto vía MinEconomía.
Chile's anti-tax evasion fight, is it a model for Latin America?

The South American country is taking firm steps towards greater oversight with its new tax regulations. Meanwhile, neighboring countries such as Peru and Argentina face similar challenges, although with different contexts and figures.

América Móvil. Foto: Reuters.
América Móvil reduced its profits by 55%, to US$ 798 million

The difference compared to last year's quarter is mainly explained by the absence of tower sales during this quarter and by the comparative gains and losses due to exchange fluctuations.

Nippon Steel. Foto: Reuters.
Joe Biden opposes the sale of US Steel to an Asian company

Nippon Steel is looking to buy an iconic 122-year-old American steelmaker. The US president was blunt and said that "it is vital" that the company "remains nationally owned and operated."

Exportaciones. Foto: Reuters.
China leads as the main destination for chilean exports between January and March

According to the latest export report published by the General Directorate of Export Promotion (ProChile), in addition to China, in the same period Switzerland, India and the United Kingdom are the markets with the highest growth.

TMEC. Foto: Reuters.
The US seeks to replicate labor mechanisms similar to the T-MEC in other treaties

The Rapid Response Mechanism (RRM) to settle labor cases against Mexico has reduced the incentive to send jobs abroad unfairly, highlighted the White House trade representative.

Crédito Reuters Maduro sanciones Venezuela
Relief of oil sanctions on Venezuela one day from the deadline, warns the US

Barring last-minute concessions from Maduro, the Biden administration has made it clear that it is unlikely to renew a six-month hiatus on sanctions granted to the OPEC member last October, following a deal between the Venezuelan government and the opposition around elections.

Fuente: Reuters
Google opens offices in El Salvador and presents a US$200,000 grant for female entrepreneurs

The arrival of Google takes place after an agreement signed with the government of Nayib Bukele in August 2023 to advance the modernization of the Central American country in the areas of digital government, health and education.

Fuente: Reuters
China registers GDP growth of 1.6% in the first quarter of 2024 and 5.3% year-on-year

The IMF is open to revising its growth forecast upwards, after the first quarter data has exceeded its expectations.

Fuente: El Economista
Brazilian Nubank plans to inject US$ 100 million into its Mexican subsidiary to grow portfolio and products

Nu México is currently the largest Sofipo in the sector in number of clients, and according to its estimates it represents almost 51% of the sector in shareholders' equity as of March 2024.

Fuente: Toku
Toku raises US$9.3 million in Series A to expand operations in Brazil, Chile and Mexico

The software company expects to reach more than 600 corporate clients throughout the region during 2024.

Fuente: Reuters
Fed Chairman announces that they will maintain interest rates if inflation remains stable

"If the rise in inflation persists, we can maintain the current level of restriction for as long as necessary," Powell explained at a US-Canada economic forum.

Noboa. Foto: Europa Press.
Ecuador declares electrical emergency due to power outages

President Daniel Noboa called for the resignation of the Energy Minister and an investigation for sabotage.

Lote X. Foto: Andina.
Petroperú awards Lot X to Offshore International Group and peruvian companies

The lot represents 30% of the country's oil production and it is estimated that its production could double with the development of new investments and technology.

FMI. Foto: Andina.
IMF raises Latin America's economic growth outlook to 2% in 2024

Brazil and Mexico, the region's largest economies, will have positive performance this year, helping the improvement in the region forecast.

Mercado Libre página web.
Mercado Libre will invest more than US$ 4.4 billion in Brazil and generate 6,500 jobs

The amount will be used to open new distribution centers in Brasilia, Pernambuco and Porto Alegre.

Exportaciones. Foto: Andina.
Peru's exports grew by 9.1% until February

This result has been generated thanks to the increase in sales of minerals (+19.8%), agricultural products (+13%), chemicals (+5.4%) and metallurgical goods (+2.7%).

Wenance vía página web.
Alejandro Muszak, CEO of the fintech lender Wenance, was arrested

Today he will be investigated for the crimes of fraud and illicit association.