The prime rate for credit operations in Mozambique in June will be 23.5%, the Mozambican Association of Banks (AMB) announced, the highest rate in the last five years. According to the data collected by Lusa, one has to go back to May 2018 to find the same value. Since then, the prime rate dropped to […]
The director of the Bank of Mozambique (BM), Silvina Abreu, admitted today before criticism from business people that the economy may have to "bleed" in the short term because of monetary policy to contain inflation. "We think that it is necessary to allow a moment, in the short term, when the economy - because of […]
By Daniel Salazar Castellanos The approval of Colombian President Gustavo Petro fell again in May. The results were published amid a new crisis in the Government due to the alleged illegal interceptions of the nanny of the Chief of Staff of the Presidency, Laura Sarabia Torres. President Gustavo Petro’s administration is now approved by 33.8% […]
By Rodrigo Orihuela and Macarena Munoz A few months ago, when apartments in a luxury building on Padilla Street in Madrid’s upscale Salamanca neighborhood went on sale, more than half of them were bought by wealthy Mexicans. The project, with 25 homes costing up to US$3.25 million each, is financed mainly by Mexican investors and […]
President Luiz Inácio Lula da Silva (PT) acknowledged on Friday (2) that he has difficulty governing with the left-wing base he currently has in the Chamber as a reflection of the week's vote that almost made him lose the current configuration of the Esplanade of Ministries. Although he had changes in assignments, the president secured […]
By Assis Moreira The BRICS group, comprising Brazil, Russia, India, China, and South Africa, wants to expand its forces and have more influence in the new geopolitical scenario. Still, the entry of new members continues to cause disagreements among current members. The BRICS foreign ministers meeting ended today in South Africa with a “friends of […]
Panamanian prosecutor Emeldo Márquez on Thursday (1) called for the imposition of the “maximum penalty” on former president Ricardo Martinelli (2009-2014) and 12 other alleged money launderers. During his appearance before Judge Boloísa Marquínez, Prosecutor Márquez argued that Martinelli and the other defendants have been responsible for an “ongoing crime.” According to the prosecution, Martinelli […]
Argentina will join the New Development Bank, also known as the BRICS Bank. This was announced by the head of the institution, Dilma Rousseff, to the Minister of Economy, Sergio Massa, during his visit to the financial institution in the Pudong district of Shanghai. The New Development Bank (NDB) is a multilateral development bank created […]
According to experts, despite the great potential of the countries of the "lithium triangle," which account for more than 60% of global production, achieving price control is impossible. Accordingly, it is inappropriate to consider similarities between a possible organization and OPEC. Discussions about the possibility of creating an international lithium organization of Argentina, Chile, and […]
For some time now, almost everything in Latin America has had something to do with China, warns Spanish economist Alicia García Herrero. The relationship between the two regions began with commodity trade when China became the main buyer of raw materials after putting its economy "on steroids" to protect itself from the effects of the […]
By Fátima Romero Guatemala’s more than 9.3 million voters will have to choose between nearly two dozen presidential candidates in the first-round election on June 25. A candidate must receive more than 50% of the vote in the first round to win, but if no candidate receives an absolute majority, a runoff election will be […]
By Daniel Cancel Americanas, the Brazilian retailer under judicial reorganization since January after disclosing a R$20 billion accounting hole, received good news in April: sales in physical stores recovered to pre-crisis levels. However, other indicators have continued to deteriorate. Sales in physical stores increased 37% in April compared to March, to R$1.5 billion (US$299 million), […]
Unlike in Chile, Bolivia, or Mexico, the national State does not control lithium production in Argentina. The provisions of the 1994 constitution granted the original domain of natural resources to the provinces, thanks to which multinationals have “investor-friendly” conditions. “Imagine a pro-business country in South America, attractive to foreign capital and offers political stability for […]
The upcoming visit of the Argentine national soccer team to Beijing is causing great excitement among Chinese fans. In an interview with Sputnik, analyst Gonzalo Fiore discusses the ‘soft power’ generated by striker Lionel Messi and how Argentina benefits from it. On June 15, Argentina’s national soccer team will face its Australian counterpart at the […]
Mexico’s Secretary of Economy Raquel Buenrostro is in New York meeting with Toyota and General Motors representatives, among other companies, to discuss opportunities to invest in the country. Buenrostro, who recently stated that Mexico could become a powerhouse in 30 years if it takes advantage of the opportunities provided by nearshoring, spoke to Bloomberg about […]
Industrial production fell 0.6% in April compared to March on a seasonally adjusted basis after growing 1.1% last month and ending two consecutive declines. Compared to the same period last year, the industry fell 2.7%. From January to April, industrial production fell by 1%. The result was released by IBGE (Brazilian Institute of Geography and […]
According to Moody’s rating agency, Paraguay’s president-elect, Santiago Peña, will continue with the infrastructure projects left by the outgoing administration while focusing on reducing the fiscal deficit. Peña will take office on August 15. “We expect Peña’s administration to keep Paraguay focused on completing ongoing infrastructure projects with the support of multilateral development banks,” Moody’s […]
By José Paulo Kupfer (Opinion) The variation in the GDP (Gross Domestic Product) in the first quarter of this year, released on Thursday (1) by the IBGE, was a resounding surprise. Compared to the last quarter of 2022, the economy's growth in the period reached 1.9%. Compared to the 1st quarter of 2022, the advance […]
Brazil's Paraná State is an enchanting tapestry of abundant natural beauty, rich cultural heritage, and economic dynamism. Located in the South Region of Brazil, Paraná shares borders with the states of São Paulo, Mato Grosso do Sul, and Santa Catarina, as well as the countries of Paraguay and Argentina. Encompassing an area of nearly 200,000 […]
Japan’s Prime Minister Fumio Kishida announced on Thursday (June 1, 2023) a US$25 billion family assistance plan. The goal is to promote the birth rate in the country, which has fallen to an “unprecedented” level. The project’s duration is three years. It provides increased direct aid to parents and financial support for prenatal care and […]
By Nicolás García The Chilean ambassador to the Republic of Korea, Mathias Francke, described the purchase of Kia Light Tactical Vehicle (KLTV) 4x4 light tactical armored vehicles for the Marine Corps (CIM) as the first step to incorporate more military technology from the Asian country into the Armed Forces. The Chilean representative made this statement […]
Ecuadorian Attorney General Diana Salazar received a death threat on Thursday (1) from an armed group of hooded men through a video sent to her cell phone. The Attorney General’s Office condemned the situation through a statement on social networks where it shared a screenshot of the messages sent to her through the WhatsApp messaging […]
B3's Ibovespa index closed this Thursday (1) with a high of 2.06%, reflecting the GDP numbers released earlier by IBGE. The sum of all the country's wealth grew by 1.9% in the first quarter and had the best result for the beginning of the year since 2010. The performance above the expected by the market, […]
Brazilian soybean exports totaled 15.6 million tons in May, the second largest monthly volume in history, second only to shipments recorded in April 2021, the Secretariat of Foreign Trade (Secex) reported yesterday. In addition to a record harvest, Brazilian oilseed shipments are driven by international demand. According to Secex data, even the United States, which […]
Brazil's electoral justice on Thursday authorized the trial against former president Jair Bolsonaro in one of the processes in which he may be sentenced to disqualification to be a candidate and to hold public office. The examining magistrate of the Superior Electoral Court (TSE), Benedito Gonçalves, gave the green light for the proceedings to begin […]