LATAM widens lead in Brazil’s airline market in 2023
SAO PAULO (Reuters) – LATAM Airlines widened its advantage last year as the market leader among companies flying domestically and internationally in Brazil, data from … Read more
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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 … Read more
LatAm healthcare firm Auna files U.S. public offering
(Reuters) – Auna, a healthcare provider operating in three Latin American countries, filed for an initial public offering (IPO) on the New York Stock Exchange … Read more
Italy upbeat on LatAm exports, Mercosur pact would do more
By Gabriel Araujo SAO PAULO (Reuters) – Italy’s exports to Latin America’s largest economies are expected to grow by about 5% in 2024 even as … Read more
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 … Read more
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 … Read more
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 … Read more
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, … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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, … Read more
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 … Read more
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 … Read 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 … Read more
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 … Read more
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 … Read more
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 … Read more
Social, infrastructure investment key for Latam growth – World Bank
NEW YORK (Reuters) – Social and infrastructure investments can be key drivers of growth for Latin America and the Caribbean as countries now face the … Read more
Four Latam nations back Castillo as Peru political crisis continues
LIMA – The governments of Mexico, Argentina, Ecuador and Bolivia on Saturday backed the continuation of Pedro Castillo’s presidency in Peru, where he is facing … Read more
LATAM Airlines shareholders approve reorganization plan
SANTIAGO – Shareholders of LATAM Airlines, Latin America’s largest air transport group, approved Tuesday a bankruptcy reorganization plan, following last month’s approval by the U.S. … Read more
LATAM Airlines seeks bankruptcy court approval for $2.75 billion in exit loans
By Dietrich Knauth (Reuters) – LATAM Airlines Group SA, the largest air transport group in Latin America, on Monday asked a bankruptcy judge to approve … Read more
U.S imports of Latam oil soar as refiners replace Russian barrels
By Arathy Somasekhar HOUSTON – U.S. refiners imported about 1.3 million barrels per day (bpd) of crude and fuel oil from Latin America in April, … Read more
Investors cut valuations of Latam startups -Creditas founder
By Tatiana Bautzer NEW YORK – Investors have been reducing valuations of Latin American startups during the global stock market rout and in an environment … Read more
LATAM Airlines says almost all creditors support reorganization plan
SANTIAGO – LATAM Airlines Group SA, the largest air transport group in Latin America, said on Wednesday that it garnered support from almost all of … Read more
Chile’s LATAM Air receives backing by unsecured creditors in Chapter 11 exit plan
MEXICO CITY – Chile’s LATAM Airlines received backing by a majority of its unsecured creditors in its Chapter 11 bankruptcy exit plan, the airline said … Read more
Higher rates, slowing China, risks to Latam and Caribbean growth – IMF
NEW YORK – The prospect of tighter financial conditions due to the war in Europe and a more hawkish Federal Reserve, alongside concern over a … Read more
Analysis: Surging Latam inflation spells more ‘monetary medication’ ahead
By Anthony Esposito MEXICO CITY – Central banks from Brazil to Chile may be forced to dole out more monetary “medicine” than expected as inflation … Read more
High commodity prices, comparative calm keeping investors interested in Latam M&A
By Tatiana Bautzer SAO PAULO – Latin American bankers expect investors to overlook political worries in the region this year and keep investing in local … Read more
Latam steps up as emerging markets struggle in first quarter
By Rodrigo Campos NEW YORK – Latin America has served as a respite for whipsawed emerging market investors during the first quarter, as accelerating inflation … Read more
Poor the hardest hit in Latam by Russia’s Ukraine invasion -IMF
NEW YORK – The poorest will be the hardest hit across Latin America and the Caribbean by the economic fallout from Russia’s invasion of Ukraine, … Read more
Analysis-Investors shift to Latam amid war in Europe, but risks remain
By Anisha Sircar and Rodrigo Campos NEW YORK – A rate hike cycle that started last year and low valuations had already made Latin America … Read more
Visa partners with fintech Tribal in Latam to expand small business offerings
By Lisa Pauline Mattackal – Visa Inc, the world’s largest payment processor, will partner with payment and financing firm Tribal to expand its offerings for … Read more
Latam stocks outshine the world in January, Brazil in focus
NEW YORK – Latin American stocks outperformed their peers and the developed world in January and some regional currencies are among the strongest against the … Read more
Latam inflation anchored but risks persist -IMF
NEW YORK – Inflation rose the most in 15 years in some of Latin America’s largest economies last year, but credible monetary policies have kept … Read more