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remesas Global66
Peru: studies abroad and imports drive money transfers in the first quarter of 2024

According to a report from the remittance fintech Global66, sending money from the Andean country increased by 126% compared to the same period last year; The main markets being Colombia, Chile and Spain.

Captura de pantalla AMLO
President of Mexico signs decree to create the Pension Fund for Wellbeing

"The idea is that the universal pension continues to increase to guarantee the basics, food, for example, that the purpose we have is achieved, in that we are going to make a lot of progress," said Andrés Manuel López Obrador within the framework of Labor Day. .

Foto Andina
The Government of Peru will evaluate an increase in the minimum wage in the second half of this year

The Minister of Labor, Daniel Maurate, explained that this measure will depend on the recovery of the economy.

México. Foto: Reuters.
Moody's Ratings forecasts relief for banks and companies in Latin America in 2024

The four main issues that will influence credit quality are: higher interest rates sustained over time, reforms and regulations, adaptation to structural changes and polarization.

Fuente: Reuters
BBVA resumes negotiations to merge with Sabadell bank

BBVA confirmed in a communication sent to the CNMV and the BMV that it sent Sabadell a formal letter with its interest in starting negotiations to explore a merger between both financial entities.

Fuente: Reuters
Peruvian government talks with companies about the possibility of exporting beef to China

In a space of five years, the Andean country could export poultry, pork and beef for US$3 billion.

Inversionistas. Foto: Unsplash.
Investors resume favorable perception of the Chilean economy for the next 12 months

Two out of three investors showed a favorable level of expectation towards raw materials, which corresponds to an increase of 30 pp compared to the previous quarter.

Mex. Foto: Reuters.
Mexico's GDP grew 0.2% in the first quarter

The industrial sector concentrated on secondary activity registered a second consecutive quarter of contraction, according to Inegi.

Energía Ecuador. Foto: Reuters.
Ecuador reduces energy deficit with power purchase agreement with Colombia

This will allow power outages for the next few days to be just two hours, and on Friday there are expected to be no interruptions.

Avianca. Foto: Reuters.
Avianca comes out of losses in the first quarter and earns US$ 13 million

As reported by the company, sales grew by 16.4% year-on-year in the first quarter, reaching a turnover of US$ 1,265 million.

AMLO. Foto: Reuters.
Large companies in Mexico alarmed by reform of the Amparo Law

The Executive Council of Global Companies (CEEG) asked President Andrés Manuel López Obrador to analyze the opinions of experts and civil associations on the negative impact.

Chile. Foto: Unsplash.
Unemployment in Chile fell to 8.7% in the first quarter

The sectors that contributed to the increase in the employed population were commerce (5.1%), public administration (6.8%) and households as employers (12.5%).

Crédito foto Reuters Pemex corporativa
Pemex transformation: cuts crude oil shipments and ramps up refineries

After years of delay, Pemex finally showed signs of greater dynamism towards meeting its ambitious transformation goals, which ultimately aim to process domestically all the oil it produces. The oil company reduced its exports volume by 29.3% to a low of 687,814 barrels per day.

Fuente: Bitso
Briq.mx platform will use Bitso technology to improve payments in real estate investments

Crowdfunding companies regulated by the Fintech Law in Mexico need to comply with a series of requirements that protect those who invest in their projects, for which they require strategic allies of payment technologies such as Bitso.

Fuente: Parque Arauco
Parque Arauco will build the first multifamily building integrated into a shopping center in Chile

The construction of the residential rental building in Parque Arauco Kennedy is part of the third stage of expansion of the shopping center and will represent an investment of approximately US$60 million.

Fuente: El Economista
AT&T and Movistar extend their agreement for the use of 5G infrastructure in Mexico until 2030

In November 2019, the two companies originally announced the start of this wholesale agreement on the use of cellular networks.

Fuente: Starbucks
Starbucks announces its arrival in Ecuador and Honduras after a decade of purchasing coffee in both countries

In partnership with Delonorte and Premium Restaurants of America , the company will open stores in Quito, Ecuador and San Pedro Sula, Honduras, respectively.

Fuente: Agencia Andina
Peru would open electric car assembly plants in the Chancay Megaport to distribute in the region

The Peruvian Minister of Economy says that assembly plants would operate in the special economic zone to supply Latin America.

Fuente: Gobierno de Argentina
Brazil remains the main export destination for Uruguayan dairy products

Considering the last 12 months (moving year), the main destinations were Brazil (49%) and Algeria (16%), with smaller shares of Mexico, Russia, Chile and other supplied destinations.

Fuente: Agencia Andina
Peruvian government expects Telefónica subsidiary to immediately pay debt of US$ 262 million

José Arista, head of the Economy and Finance portfolio, says that they are looking to accelerate processes in the Tax Court for tax controversies.

Fuente: Reuters
Global cocoa price plummets 13% and falls under the US$10,000/ton mark

Futures in the United States opened this morning with an initial drop of 4.5%, but this deepened as the session progressed and culminated in an intraday drop of 17% that subsequently narrowed to -13.73%.

Fuente: General Motors
General Motors spokesperson assures that everything possible was done to continue manufacturing cars in Colombia

Santiago Chamorro, regional president of General Motors, explained the reasons why they will stop manufacturing and assembling vehicles in the coffee-growing country. He also gave clarity about the future of Chevrolet parts and dealerships in Colombia.

Plátano. Foto: Reuters.
Ecuador seeks to comply with phytosanitary protocols to take advantage of tariff-free entry to China

Banana, tuna, blueberries and quinoa among the products that will enter with 0% tariff as of May 1.

Milei. Foto: Europa Press.
BBVA supports Milei measures in Argentina despite forecasting a 4% contraction in GDP

"Milei's policies (...) are those that we believe are necessary for the country," explained the bank's financial director, Luisa Gómez Bravo.

Codelco. Foto: Reuters.
Codelco accused of irregularities that caused US$ 13 million in property damage

In the complaint, which has already been accepted for processing, it was noted that "knowingly", workers and/or executives of the Chilean state copper company "contracted services that were not fully used under extremely burdensome conditions."

Petro. Foto: Reuters.
Petro announced measures to "achieve full economic reactivation" in Colombia

The president indicated through his X account that he was preparing a package of measures that will be presented to Congress "in the coming days." The announcement was made the day the 48-hour cabinet conclave ended in Paipa, Boyacá.

Lima. Foto: Andina.
Peruvian debt rating outlook could go from negative to stable in the second half

According to the risk rating agency Moody's, private sector confidence accelerates economic growth.

crédito foto Ameco
Logistics centers: the progress of a new development boom in Latin America

Surging e-commerce, supply chain challenges, and the need for cost reductions have deepened the commitment of large and small retailers to self-use distribution centers. A trend that is nowadays replicated by players outside the commerce industry, whose million-dollar developments appear to remain on the rise.

Puerto California
Mexico begins the process for the six-year review of the T-MEC

The trade agreement mandates comprehensive evaluations every six years, specific each semester on labor and environmental matters, and continuous through a dozen committees on various subjects.

Javier Milei, Reuters
Argentina: Javier Milei will maintain public universities

"We never thought about closing public universities, we never thought about defunding them," said the Argentine president, five days after a large march that defended the right to free higher education.