Investments in Latam startups fell to five-year low in 2023 -Distrito platform
SAO PAULO (Reuters) – Latin American startups raised $3.1 billion in venture capital investments in 2023, their worst performance since 2018, according to data released by Brazilian market tracking platform Distrito on…
LATAM Airlines retakes lead in US-Brazil traffic, first time since pandemic
By Gabriel Araujo SAO PAULO (Reuters) – LATAM Airlines was the market share leader among companies flying between Brazil and the U.S. in the quarter ended in October after resuming non-stop flights…
Latam, Caribbean remittances to reach yearly record -IDB
NEW YORK (Reuters) – Money shipped to Latin America and the Caribbean as remittances could hit a record $156 billion this year, a 9.5% jump from the previous record, according to estimates…
IMF lifts Latam, Caribbean 2023 GDP growth estimate to 2.3%
(Reuters) – The International Monetary Fund raised its 2023 output growth estimate for Latin America and the Caribbean to 2.3% from July’s 1.9% due to faster expected growth in Brazil and Mexico,…
Mexico seeks diplomatic arrangements to return LatAm migrants
MEXICO CITY (Reuters) – Mexico’s national migration institute (INM) on Friday said it has asked the foreign ministry to make diplomatic arrangements with Brazil, Colombia, Cuba, Nicaragua and Venezuela for the countries…
LatAm startups lay off staff, expect more IPOs next year – report
NEW YORK (Reuters) – Two-thirds of Latin American startups have laid off staff over the last 18 months, as venture capital funding fell sharply in the region, according to “Latin America Digital…
Former SoftBank chief launches fund focused on LatAm startups
MEXICO CITY (Reuters) – The former chief executive of SoftBank Group International, Marcelo Claure, on Wednesday launched a fund focused on Latin America with initial commitments of around $440 million. The fund,…
LatAm property tech unicorn Tuhabi lands $50 million credit line from development bank
By Kylie Madry MEXICO CITY (Reuters) – Latin American property technology startup Tuhabi is set to receive a $50 million credit line from the Inter-American Development Bank’s (IDB) financing arm, which it…
LATAM Airlines reverses loss, posts $122 million net profit in Q1
(Reuters) – LATAM Airlines reported a first-quarter net profit of $121.8 million, the company said on Wednesday, reversing a net loss of $380 million in the year-ago period. The airline, created by…
Russia´s Lavrov in Havana on Latam drive to shore up support
By Dave Sherwood HAVANA (Reuters) – Russian Foreign Minister Sergei Lavrov met on Thursday with Cuban President Miguel Diaz-Canel and Foreign Minister Bruno Rodriguez in Havana, the latest in a series of…
Saab eyes Colombia, Peru as potential Gripen clients amid Latam push
By Rodrigo Viga Gaier and Gabriel Araujo RIO DE JANEIRO (Reuters) – Sweden’s Saab AB is looking to boost sales of its Gripen fighter in Latin America, eyeing potential purchases by Colombia…
Near shoring, green economy, good growth options for Latam, Caribbean – World Bank
NEW YORK (Reuters) – Near-shoring and the green economy offer opportunities to Latin America and the Caribbean (LAC) that the region should seize, as current estimated economic growth won’t be enough to…
LatAm growth threatened if financial turbulence spreads -IDB chief economist
By Milagro Vallecillos PANAMA CITY (Reuters) – Latin America could see zero economic growth this year if the banking crisis in the U.S. and Europe “spreads across the world,” Inter-American Development Bank…
Cutting tariffs on agenda for LatAm anti-inflation plan, Mexico says
MEXICO CITY (Reuters) – Cutting trade tariffs will be under discussion when roughly a dozen leaders from Latin America and the Caribbean meet virtually next month to forge a plan to combat…
S&P Global Ratings: no direct threat to Latam financial system from SVB, Credit Suisse
LONDON (Reuters) – The collapse of Silicon Valley Bank last week and the turmoil around Credit Suisse do not pose a direct threat to Latin America’s financial system, S&P Global Ratings said…
After steep climb in rates, Latam central banks show no signs of reversal
By Isabel Woodford MEXICO CITY (Reuters) – Latin American central banks have dashed hopes that they will back off sky-high benchmark interest rates, amid stubbornly high inflation, expected further tightening by the…
Davos 2023: Colombia pushes LatAm corporate tax accord
DAVOS, Switzerland (Reuters) – Colombia is looking to supplement a global deal setting minimum tax levels for multinationals with an additional accord among its fellow Latin American countries, finance minister Jose Antonio…
Pandemic leads to ‘silent crisis’ in education in Latam, Caribbean
SANTIAGO (Reuters) – The social and economic impacts of the coronavirus pandemic persist in Latin America and the Caribbean, as a “silent crisis” in the education sector puts an entire generation at…
VW South Africa looks to Asia, Latam as Europe shifts to EVs
By Promit Mukherjee and Joe Bavier JOHANNESBURG (Reuters) – Volkswagen’s South Africa unit aims to develop new markets for its petrol and diesel cars in Asia and Latin America, its managing director…
Latam Airlines pilots in Chile vote to strike on eve of Chapter 11 exit
By Alexander Villegas and Natalia A. Ramos Miranda SANTIAGO (Reuters) – The largest pilots union of Latam Airlines in Chile voted to strike on Wednesday, a day before the company said it…
IMF backs Latam progressive taxes, fiscal discipline
By Rodrigo Campos NEW YORK (Reuters) – The International Monetary Fund will continue to be supportive of progressive tax reforms in Latin America and the Caribbean while fiscal and monetary policies that…
LATAM Airlines says it will exit bankruptcy on Nov. 3
SANTIAGO (Reuters) – LATAM Airlines, the biggest carrier in Latin America, said it plans to conclude its exit from bankruptcy on Nov. 3. “This process will allow the group to emerge more…
LatAm ministers call for finance tools to protect against climate disasters
(Reuters) – Finance ministers from across Latin America and the Caribbean on Wednesday called on the Inter-American Development Bank (IDB) to look at new finance tools to mitigate the economic shock of…
LATAM Airlines prepares to exit bankruptcy in November
SANTIAGO (Reuters) – LATAM Airlines detailed a financing plan on Wednesday that the company hopes will finalize its exit from bankruptcy in the first week of November. The company filed for Chapter…
Boeing sees LatAm air travel taking off as regulations ease, incomes rise
By Kylie Madry MEXICO CITY (Reuters) – U.S. planemaker Boeing Co sees travel in Latin America ramping up more quickly than in other regions as countries loosen regulations and household incomes rise,…
IMF raises Latam 2022 growth forecasts; sees inflation dip in 2023
NEW YORK (Reuters) – The International Monetary Fund on Tuesday raised its 2022 economic growth forecasts for Latin America and the Caribbean and lowered its growth projection for 2023 on shifting commodity…
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