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Paraguay registers massive use of PIX, the largest electronic payment system in Brazil

Purchases by Brazilians in Paraguay represent 31% of the commercial movement of foreigners.

The United States refuses to sanction Ecuadorian shrimp for alleged dumping

The U.S. Department of Commerce has issued final determinations for the subsidy and dumping proceedings involving local companies in the Andean country.

APEC Finance Ministers Issue Joint Statement in Lima Ahead of Leaders Week

Finance ministers from the bloc's 21 economies stress that they are on track to gradually recover economic activity.

Latam Airlines rings the bell on the New York Stock Exchange and updates its projections

The group updated its projections for 2024, reporting that, in terms of capacity, it expects growth of between 15% and 16% compared to the previous year.

Peruvian agricultural exports grew 17.8% by August 2024

The Ministry of Agrarian Development and Irrigation (Midagri) reported that shipments of this product abroad totaled US$ 6.755 billion in the first eight months of this year.

IMF: Global economy resisted disinflationary process, but threats persist

After peaking at 9.4% in the third quarter of 2022, global inflation is now expected to fall to 3.5% by the end of next year, slightly below the pre-pandemic average.

Paraguay is among the countries with high costs as a recipient of remittances

The Guaraní country registers 7.4% of the amount remitted, a lower percentage than in 2022 when the cost of sending US$ 200 was 8.4%.

Kimberly-Clark will have invested US$ 120 million in Mexico this 2024

Kimberly-Clark's management in Mexico is analyzing the integration of new categories of consumer products, which could be announced next year.

Mexican peso depreciates and Sheinbaum blames Trump for supporting renegotiation of the T-MEC

In her morning press conference on Tuesday, the Mexican president explained that the depreciation is due to international reasons, such as these statements by "a candidate" whom she did not want to mention or the drop in interest rates in Japan.

Mexico becomes the ninth largest exporter of semiconductors to the US globally

Malaysia is the leading supplier, followed by Taiwan, but in the last decade the ecosystem has been reconfigured, highlighting the exit of China and Costa Rica from the top 10 and the collapse of Japan.

BBVA boosts investment banking structure in Brazil to offer local capabilities in 2025

It currently offers wholesale banking services to the Brazilian market through its financial centers in New York, London and Hong Kong.

APEC 2024: Universidad del Desarrollo de Chile aims to look at Peru as a strategic commercial partner

Rather than considering it a threat in the port sector, says researcher and professor Viviana Véjar.

Mexican economy contracted 0.3% in August

With this figure, the Mexican economy reported its third month of the year with contractions. Previously, declines were observed in January and April, with a negative rate of 0.7% in each month.

Peru: Former President Alejandro Toledo sentenced to 20 years and 6 months in prison for the Southern Interoceanic case

The sentence against the former president will be counted from April 23, 2023, the date on which he was extradited from the United States to Peru, so it will be fulfilled on October 22, 2043.

How did the electricity crisis in Ecuador occur and what steps should it take to diversify its energy matrix?

The continuation of droughts and the end of Colombian energy imports complicate the situation in the South American country.

Colombian imports grew 4.6% in August

According to the National Administrative Department of Statistics (DANE), imports in that month amounted to US$ 5.532 billion (CIF).

Brazilian industry calls for lower interest rates to encourage investment

The National Confederation of Industry (CNI) points out that costs for the industry can reach rates of between 25% and 30% annually.

Chile: Senate delay in ratifying the Chile-EU agreement postpones new tariff reductions

Cereal grains, chocolates, cheeses, salmon and hake are those foods that will have to wait another year to have tariff benefits.

Colombian government increases import tax on certain steels

This measure seeks to protect the competitiveness of the national industry dedicated to the production of steel materials, which are widely used in construction.

Ecuador prepares to export high-protein milk to China, while recording low dairy consumption

The Chinese dairy market is expected to open in November, but Ecuadorian dairy farmers will not have the necessary stock for another year.

Brazilian manufacturer Embraer reported a 33% year-on-year increase in aircraft deliveries through September

Company-wide order backlog reached $22.7 billion in the third quarter, up 25% from the same quarter last year and a nine-year high.

Mexico to offer greater tax incentives to attract investments for the chip industry

The intention of the agencies is to close the gap with the United States in terms of support; according to the Undersecretary of Foreign Trade, Luis Rosendo Gutiérrez, there is interest from investors from both countries in promoting the semiconductor industry in Mexico.

COP16 opens in Colombia with calls to recognize climate change and save biodiversity

UN chief Antonio Guterres called for a "movement from words to action" because the planet "is not on the right track."

US Elections: Latin America Braces for Impact on Trade and Tariffs

In the event of a Trump victory, experts say that the trade war with China is likely to intensify, with Mexico becoming the most affected country in the region.

Peru: Chancay megaport to start operations with two ships a week to Asia

Initially, the route will be direct to the Chinese port of Shanghai, and later, depending on the demand of exporters, shipments may be sent to other Asian destinations.

More than 2 million tourists have arrived in Peru so far in 2024

President Dina Boluarte believes that this figure suggests that by the end of the year the goal of attracting 3.5 million tourists from abroad will be achieved.

Telefónica Brasil invests US$ 1.55 million in the agricultural fintech Agrolend

The Brazilian subsidiary of Telefónica has explained that Agrolend provides financing to small and medium-sized agricultural producers in the South American giant.

Ecuador will soon meet 60% of European deforestation-free requirements, says minister

Danilo Palacios, head of the Agriculture and Livestock portfolio, also confirmed that he postponed the import of corn until he has a new report and that there is still time; if it is authorized this week, it will arrive in December.

Argentine government asks businessmen to "banish" the idea of asking for tax cuts

"What you have to ask us is to reduce spending, because every expense we reduce is a tax that we charge less to society as a whole," said the Minister of Deregulation and State Transformation, Federico Sturzenegger.

Peru would position itself as a supplier of value-added goods thanks to the Chancay megaport

In the area of green industries and digitalisation, and not just in mining, agriculture or fishing.