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Fuente: Reuters
Chile's Entel losses exceeded US$ 20 million in the first quarter of 2024

The red numbers are due to the higher tax expenses associated with exchange rate effects, the company noted on its results report.

Petrotal. Foto: Andina.
Petroecuador signed a contract with Ecopetrol for the transportation of Colombian crude oil

A few days ago the Ecuadorian oil company also signed an agreement with a Peruvian company to transport through blocks 16 and 67.

Autos. Foto: Reuters.
Mexican manufacturers request flexibility in rules of origin for electric cars

The automakers propose to the United States a Regional Content Value (RCV) of less than 75% during the first three years after the start of production of this type of vehicles.

FNE vía página web.
FNE requests a million-dollar fine for collusion between Indura and Linde Gas Chile

The National Economic Prosecutor's Office of Chile reported that both companies agreed to assign areas or market shares, deciding not to compete for clients that each one already supplied.

Alusiva a gasoducto desde Paraguay a Brasil, crédito Reuters
Paraguay to promote US$ 1.5 billion gas pipeline project with Argentina and Brazil

The Paraguayan plan aims to compete with a rival Bolivian project to reuse existing gas pipelines and transport Argentine gas to Brazil. If any come to fruition, it would mark a major potential shift in regional energy flows.

Fuente: Reuters
Abu Dhabi state oil company cancels process to acquire Novonor's stake in Braskem

Adnoc had made a non-binding offer in November, but is no longer interested in carrying out that transaction, as reported by Braskem this Monday in a statement.

Mercado pago - X
Argentina: banks denounce Mercado Libre for abuse of dominant position

The action is carried out by the Modo virtual wallet, which belongs to the largest local banks, through a presentation before the National Commission for the Defense of Competition.

Fuente: Agencia Andina
Blueberries drive the growth of Peruvian agro-exports with the US as the main destination

Peru has positioned itself as the number one supplier in the world, despite the fact that blueberries are fruits native to North America and recently introduced to the Andean country.

Fuente: Reuters
Uruguayan meat exports decrease by 3% year-on-year in the first quarter of 2024

Beef export income fell, with China's incidence declining and other markets participating more, including Israel; beef leads.

Pago dispositivo POS
Paytechs--the new invaluable links in the digital payments' value chain

This subgroup of fintech companies is consolidating at an accelerated pace in the region. It already represents 25% of the total industry in Latin America at present. Both traditional players such as Visa, as well as more modern ones --such as Mercado Pago, Ualá or Nubank-- demand their services and collaboration.

Fuente: El Economista
IDB: use of digital financial services doubles in Central America, Panama and the Dominican Republic

Digital platforms facilitate savings, improve security, speed, and reduce costs associated with domestic payments and international remittances, which is especially relevant in the region.

Foto vía comunicado.
Latin America is a rising investment pole, according to Credicorp Capital

The region benefits from aspects such as macroeconomic stability, the diversity of developing sectors, the neutral geopolitical position, advances in the integration of financial systems, and the abundance of strategic resources.

Elizabeth Taylor. Foto: Reuters.
Elizabeth Taylor Cosmetics appeals against registration of 'Listailor' in Chile

The Instituto Nacional de Propiedad Industrial (INAPI) accepted the registration of the name 'Listailor', a company dedicated to the field of food distribution and preparation.

crédito foto Reuters
Chilean ENAP shows US$ 110.5 million profit in the first quarter

State oil company begins a fourth consecutive year with positive numbers, but warns of a tighter 2024.

Fuente: nuam exchange
Integrated market of Chile, Peru and Colombia seals alliance with fintech associations

nuam exchange , as part of its commitment to the development of new technologies in the financial industry and the promotion of innovation in the region, signed a collaboration agreement with the fintech associations of the respective countries.

Cal san Juan cedido expocal
China would become the main lime supplier for copper mining in Chile as local output falls

The material is used intensively for the production and refinement of the red metal, but some studies suggest that local production will end in 2028 and Chile will depend on imports from that year on. This shortage will not affect Peru or Colombia, the other copper producers in Latin America.

Fuente: El Economista
Brazilian Gerdau would require an investment of US$600 million to build a new steel plant in Mexico

If plans indicate commercial viability for the new facility, construction will begin in 2025.

Litio. Foto: Andina.
Lithium prices begin to recover

A ton of lithium carbonate is trading above US$15,000.

    Fuente: El Economista
    In Mexico, presidential candidates support energy transition, but disagree on strategies

    Sheinbaum wants to replicate Mexico City's electric transportation networks at a national level, Gálvez seeks to collaborate with municipalities, and Álvarez aims to create a “green tax.”

    BBVA. Foto: Reuters.
    Renta 4 does not exclude the possibility that BBVA pays part of the merger with Sabadell in cash

    According to analyst Nuria Álvarez, this would occur with the aim of facilitating the operation given the possible reluctance of Sabadell regarding the merger, for which BBVA would use its excess capital, estimated at around US$ 3,320 million.