Peru’s economy grows in November for first time since April
LIMA (Reuters) – Peru’s GDP saw positive growth in November after six months in the red, the government said on Monday, beating analyst forecasts and bringing some hope that the country could…
Peru’s deadly gold mine attack highlights growing security risk, costs
By Marco Aquino LIMA (Reuters) – A dramatic and deadly attack on a gold mine in Peru on Saturday has thrown a spotlight on illegal miners and criminal gangs targeting mines, which…
Peru’s central bank cuts benchmark interest rate to 7.5%
(Reuters) – Peru’s central bank on Thursday cut its benchmark interest rate by 25 basis points to 7.5% after holding the rate steady for eight straight months, as the monetary authority in…
Peru’s former prime minister detained on conspiracy charges
LIMA (Reuters) – Peruvian police arrested an ex-prime minister on Tuesday for allegedly conspiring against the state and joining an attempted “coup” by ousted former President Pedro Castillo, in the latest criminal…
Peru’s GDP grows 0.31% in April, misses expectations
LIMA (Reuters) – Peru’s gross domestic product (GDP) expanded 0.31% in April compared with the same month last year, the government’s INEI statistics agency said on Thursday, nevertheless landing below analysts’ expectations.…
Peru’s inflation rate dips slightly in May but still above forecast
LIMA (Reuters) – Peru’s inflation rate based on the metropolitan region of the capital Lima fell to 0.32% in May, government data showed on Thursday, but the rate of creeping consumer prices…
Rising sol: Peru’s currency at year-high after shaking off protest impact
By Marco Aquino LIMA (Reuters) – In a country shaken by years of political volatility, Peru’s national currency has emerged as a mainstay of relative stability among Latin American foreign exchange markets,…
In surprise move, Peru’s president names four new ministers
LIMA (Reuters) – Peru’s President Dina Boluarte on Sunday swore in new ministers of justice, education, work and external trade in a surprise move in the South American nation that has endured…
Peru’s GDP declines 0.63% in Feb, beats expectations
(Reuters) – Peru’s gross domestic product (GDP) shrunk 0.63% in February compared with the same month last year, the government’s INEI statistics agency said on Saturday, beating expectations by analysts who forecast…
Peru’s Congress votes against impeachment trial for president
By Marco Aquino LIMA (Reuters) -Peru’s congress rejected a motion on Tuesday from leftist lawmakers to launch impeachment hearings against President Dina Boluarte on charges tied to the deaths of protesters, the…
Peru’s economy shrank in January after nearly two years of growth
(Reuters) – Peru’s gross domestic product contracted 1.12% in January compared with the same month a year before, official data showed on Wednesday, marking the first contraction in 22 months as anti-government…
Peru’s GDP growth misses forecasts in December as unrest simmers
LIMA (Reuters) – Peru’s economy slowed down for the second month in a row, missing forecasts for the last month of 2022, figures from the national statistics institute showed on Wednesday, as…
Peru’s annual inflation to soar over 8.8% as blockades hit food prices -minister
LIMA (Reuters) – Inflation in Peru will likely end January at a rate between 8.8% and 8.9% on an annual basis, the country’s minister of economy said on Monday, as protests and…
Peru’s economy grows 1.68% year-on-year in November
LIMA (Reuters) – Peru’s economy expanded 1.68% in November compared with the same month a year before, the national statistics institute (INEI) said on Sunday, marking a slight slowdown from the year-on-year…
Peru’s defense minister says ‘separatist’ foreigners spurring protest violence
LIMA (Reuters) – Peru’s Defense Minister Jorge Chavez on Thursday accused foreigners of stirring up protests with a view to encouraging separatism in the country’s south, as tensions simmer after former President…
Peru’s central bank slightly lowers 2023 economic growth estimate
LIMA (Reuters) – The Central Reserve Bank of Peru on Friday slightly reduced its economic growth projection for 2023 to 2.9% from 3.0%, according to a report published by the central bank.…
Peru’s GDP expands 2.01% in October
LIMA (Reuters) – Peru’s economy expanded 2.01% in October compared with the year before, the government’s INEI statistics agency said on Thursday, accelerating its pace of growth after a 1.66% year-on-year rise…
S&P Global cuts Peru’s outlook to negative on heightened political risk
(Reuters) – Global ratings agency S&P Global cut Peru’s outlook to negative from stable, citing risks to the sovereign’s credit worthiness from a political standstill and challenging relationship between the country’s executive…
Peru’s key financial institutions remain resilient amid political turmoil – Moody’s analyst
LIMA (Reuters) – Peru’s key economic and financial institutions remain resilient to political volatility, Moody’s analyst Jaime Reusche said Thursday after the country impeached and arrested one president and welcomed another in…
Peru’s Castillo detained in same jail as ex-leader Fujimori, source says
By Marco Aquino LIMA (Reuters) – Ousted Peruvian leader Pedro Castillo has been detained in a police prison in Lima where another former president, Alberto Fujimori, is also being held, a judicial…
In Peru’s hills, an artisanal miner boom frustrates Big Copper’s plans
By Marco Aquino and Marcelo Rochabrun TAPAIRIHUA, Peru (Reuters) – In the hills of Tapairihua in Peru’s Andes, Samuel Retamozo and other artisanal miners have found a rich seam of copper on…
Fonterra divests Chile operations for $641 million to Peru’s Gloria Foods
(Reuters) -New Zealand’s dairy exporter Fonterra Co-operative Group said on Friday that it was selling its dairy operations in Chile to Peruvian firm Gloria Foods in multiple transactions worth about 591.07 billion…
Peru’s economy grows by 1.66% in September, slight dip from August
LIMA (Reuters) -Peru’s economy expanded by 1.66% in September compared with the same month a year earlier, figures from the national statistics institute (INEI) showed on Tuesday, a slight dip from an…
Peru’s central bank raises benchmark interest rate to 7.25%
LIMA (Reuters) – Peru’s central bank increased its benchmark interest rate by 25 basis points to 7.25% on Thursday, as expected, the 16th consecutive hike as monetary policymakers in the copper-producing Andean…
Peru’s GDP expands 1.41% in July as growth pace slows
LIMA (Reuters) – Peru’s economy expanded 1.41% in July compared with the year before, the government said on Thursday, feeling the effects of a slowdown in the key mining sector. The country’s…
Peru’s Castillo reshuffles Cabinet yet again as prosecutors ramp up probes
LIMA (Reuters) – Peruvian President Pedro Castillo reshuffled his Cabinet for the second time in less than three weeks on Wednesday, as prosecutors continue investigations into his close allies and family members.…
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