Economy & Markets

The Minister of Energy and Mines, Inés Manzano, said that the mistake of making comparisons with what happened last year is being made. She also rejected the possibility of a drought.

The importance of direct investment lies in the benefits it provides to the host country, such as job creation, increased savings and the acquisition of foreign currency.

The US president said he wanted to give companies time to set up in the United States and thus avoid the tariff; Secretary Ebrard will have his first meeting with his American counterparts this Thursday.

The Federation of Exporters hopes that Ecuador will reach a trade agreement with the United States, since US$ 285 million are lost each year.

According to the report issued by the National Institute of Statistics and Informatics (INEI), national production exceeded the initial projection of 3.1% and grew by 3.3% in 2024, the highest GDP growth rate since the pandemic ended.

Brazilian Foreign Minister Mauro Vieira is confident that Russia will be represented "at the highest possible level" at the upcoming BRICS summit in Rio de Janeiro.

Coffee, livestock and industrial products with added value drove the recovery.

Growth was led by the agricultural sector, which recorded growth of 8.1%, along with recreational services, which grew by the same proportion.

The Central Bank's Economic Activity Index exceeds the expectations of the Ministry of Finance, which last week raised its projection for GDP expansion in 2024 from 3.3% to 3.5%, but lowered this year's projection from 2.5% to 2.3%.

If President Donald Trump maintains the 25% tariff on steel and aluminum imports and adds tariffs on Canadian and Mexican products, the total tariff would reach 50%.

The Government has prepared the decree that applies temporary taxes to hydrocarbons, coal and online betting.

The Andean country produced more than 2.7 million metric tons. This is the first decline after four years of recovery from the effects of the pandemic.

The European Commission insists that the Union is one of the "most open" economies in the world, with 70% of imports entering the community market with zero tariffs and that it has "three times more" trade agreements with third countries than the United States has.

A US tariff on copper would mean that the US would have to buy the mineral at a higher price, risking that its production would not increase in the short term to compensate for the impact of a tariff.

The Republican president has proposed creating a system tailored to each country that would seek to redefine trade relations with each of its partners.

Amid an economic recession, power outages and organized crime, President Daniel Noboa and Correa candidate Luisa González are vying for the presidency.

According to ProChile, in 2024, the US market will account for 11.3% of Chilean copper exports, compared to 52% for China.

Between 2023 and 2024, the employment rate in the region increased by 0.5 points, reaching 58.9%, while the unemployment rate rose from 6.5% to 6.1%.

In a statement, the issuer said that all the Board members agreed that the "only plausible option for this meeting was to maintain the TPM at 5%."