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Crédito Reuters planta Pirelli Silao México
Mexico does not have its own labor mediation mechanisms. Will it be a conflict for the USMCA?

Expert, the Rapid Response Labor Mechanism process requires Mexico to review the legal gaps that remain and that have led to an unusual use of labor complaints.

crédito foto la razón Bolivia
YPFB: emergency plan for diesel would generate an autonomy of 25 days for Bolivia

It is expected that this weekend the port of Arica can be opened so that four ships can unload fuel and enter the country.

crédito foto web del BCE
Central Bank of Ecuador details economic reactivation mechanisms that will replace the closure of the ITT oil field

Although some non-oil export sectors are going through difficulties, such as shrimp and bananas, this has been “compensated by the good performance of other non-oil exports such as canned fish and cocoa,” the president explained. of the Ecuadorian Central Bank, Guillermo Avellán.

crédito foto Reuters
Moody's awarded Paraguay the Baa3 investment grade

The international risk rating agency Moody's Ratings today raised the rating of the Government of Paraguay to Baa3 and changed its outlook to stable from positive.

MATTHEW RUTLEDGE - Europa Press
Pemex registers nearly US$ 14,000 million in losses in the second quarter of the year

A decrease in total sales, an increase in foreign exchange loss, a decrease in yield on derivative financial instruments and an increase in cost of sales contributed to this result.

Planta Bolivia de Aceros Arequipa
Profit of Peruvian Corporación Aceros Arequipa increases 180% in the second quarter

The firm reported a net profit of S/ 51 million (approximately US$ 13.5 million), while in the same period of the previous year it recorded a net profit of S/ 18 million (US$ 4.8 million).

Fuente: Reuters
Milei trusts that Argentina will obtain a new agreement with the IMF by the end of 2024

A new agreement with the IMF is a key requirement for the Argentine government to lift capital controls, return to international markets and get an economy in recession back on track.

Fuente: Reuters
Trade in goods between Latin America and South Korea reached a record of US$ 56.8 billion in 2023

Furthermore, last year, Korean foreign investment in Latin America and the Caribbean exceeded US$3 billion.

Fuente: Gentileza
Uruguay attracts investments in the electricity sector despite high rates and eclipses Paraguay

Regarding investment in Uruguay, news media consulted by ABC Color highlight that this country authorized the construction of a Google data center that will employ up to 800 people.

Crédito foto Airbus
Grupo Abra signs a memorandum of understanding with Airbus for five new aircraft on its Latin American routes

The new aircraft will allow the majority investor in Avianca and Gol to offer greater connectivity, more access and new destinations on long-haul routes to millions of additional passengers.

crédito foto Agencia Xinhua
China welcomes Brazil's next entry into the One Belt One Road initiative

"China and Brazil are important developing countries and important emerging economies, as well as comprehensive strategic partners of each other," said Chinese Foreign Ministry spokeswoman Mao Ning.

crédito caption X de movimiento ecologista del Perú
Peruvian artisanal fishermen on the warpath: 'We don't want more Asian boats'

The Association of Artisanal Fishermen, which brings together some 4,000 small boats in Piura, demanded greater control over these boats from the Government of Dina Boluarte.

crédito foto La razón
Bolivian truckers block the La Paz-Oruro highway due to diesel shortage

“The bases have been decided to close (the road) because this is due to the bad attitude of the president of YPFB. (…) His presence has been requested, for him to come in person and we can solve the problems, he has to know how to represent and know how to give the reason why we do not have fuel,” said the CBT union leader.

crédito el economsita mexico
Fibra Mty closes the purchase of an industrial portfolio in Querétaro and will acquire another in Monterrey

"We continue in the evaluation and negotiation process to carry out acquisitions and industrial expansions for US$ 555.5 million and US$ 35.4 million, respectively," said Jorge Avalos Carpinteyro, general director of the fiber.

Foto Reuters
President Gabriel Boric will travel to the United Arab Emirates in search of investors

The tour will take place between July 29 and 30 and will aim to expand and diversify the sources of economic development in Chile, in addition to attracting investors from the Arab nation.

Fuente: Reuters
American Airlines profits fall by almost half in the second quarter of 2024

Revenue between April and June was US$14,334 million, 2% more than in the same period in 2023.

Fuente: Reuters
Latin America stakes the fate of its relations with the US in the November elections

German experts tell DW that in Latin America it does not matter who the next US president is. The main topics of discussion are border control, organized crime and economic cooperation.

Foto Unsplash
Gustavo Petro launches a counterproposal to Congress for a day without VAT for electric vehicles

After rejecting the law approved by the Legislature, the president proposes creating a day without VAT that also includes national food and clothing, as well as national and imported solar panels.

Fuente: Reuters
US GDP takes flight in the second quarter of 2024 by growing 0.7%

The macroeconomic data for the second quarter represents an acceleration compared to the first quarter of 2024, when the US economy registered a quarter-on-quarter expansion of 0.4%.

Fuente: Reuters
China becomes Mexico's largest car supplier

In that year, Mexican purchases of cars from the Asian giant were US$4,602 million, while those shipped from the United States totaled US$4,486 million.

Fuente: Reuters
LATAM Airlines Group returns to the New York Stock Exchange after four years of absence

This follows the pricing of a secondary public offering by certain shareholders of the company to sell 19,000,000 American Depositary Shares (ADRs).

Crédito foto Reuters Cemex
Profit of Mexican Cemex falls due to peso depreciation and adverse weather conditions

The cement company obtained a net profit of US$ 230 million in the quarter, slightly lower than the same period of the previous year.

Fuente: BCG
Alejandro Tfeli, managing director of BCG: “In the fintech world, if you stop growing, it is bad news”

The Boston Consulting Group executive provides his forecasts on the growth of fintech in Latin America and details what strategies these players must follow to gain a place in the market against traditional banks.

crédito foto agencia andina
Peru: pisco export reached US$ 3.8 million between January and May 2024

According to the Adex Data Trade Commercial Intelligence System, the United States led the ranking of pisco destinations between January and May 2024, with almost US$ 1.5 million in exports and a share of 35.7%. Japan followed with US$649,693 and Spain with US$469,687. Belgium and Italy completed the top five .

Crédito foto Reuters mar Rojo
Crisis in the Red Sea puts maritime trade in check

Most shipping companies have diverted their ships to avoid Houthi attacks. But the Israeli attack on the Red Sea port of Hodeidah represents an even worse escalation for international trade.

crédito foto reuters mina cobre Panamá
Panama prepares international audit for the Cobre Panamá mine with advice from the IDB

This assistance will be requested to guarantee the transparency and effectiveness of the process, which is why this plan is being worked on so that this audit is self-financing and that the Panamanian government does not have to assume any cost.

Crédito foto El Economista
Construction in Mexico shows fifth month of decline

The value of production decreased 0.8% as of last May, in its monthly comparison, according to Inegi data.

Fuente: Los Andes
Peruvian microfinance company Los Andes obtains world-class capital injection for US$ 10 million

The entity's purpose with this capital injection is to complement its physical presence with innovative and digital solutions that facilitate and streamline the management of its collaborators in serving its more than 250,000 clients.

Foto Reuters
BofA: electric vehicle penetration must be 10 points higher to compensate for lithium market surplus

According to a report from the US bank, the prices of the so-called white gold remain under pressure due to constant increases in supply and it estimates that the current surplus will reach its peak in 2025. For 2024 it projects a price of US$ 14,500 per ton of carbonate lithium.