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…
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 longer-term effects of the pandemic on education…
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 several criminal investigations and constant threats of…
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. bankruptcy court for the southern district of…
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 $2.75 billion in new loans to fund…
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, the highest in seven months according to…
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 of higher interest rates, said Sergio Furio,…
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 its creditors for a reorganization plan that…
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 Friday. LATAM, which filed for bankruptcy in…
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 deceleration in China’s growth, are key risks…
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 in the region continue to surge, defying…
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 companies, buoyed by strong commodities prices and…
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 and a more hawkish U.S. Federal Reserve…
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, with the region facing further inflationary pressure,…
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 a darling destination for investors in 2022,…
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 small-and-medium-sized businesses in Latin America and the…
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 dollar so far in 2022, with some…
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 long-term price increase expectations anchored, the International…
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