sábado, julio 20, 2019

Bank of Canada holds interest rate, warns of drag from global trade tensions

The Bank of Canada is leaving its key interest rate unchanged in an announcement that balances domestic economic improvements with an expanding global slowdown caused by trade conflicts. The decision Wednesday kept...

Chile Copper production, exports decline in April

Chile's copper production reached 458500 tonnes in April, declined from 473400 tonnes a month earlier, according to latest data from Chile’s central bank. The country had produced 446,900 tonnes of copper in...

EDP Brasil secures US$170mn loan for Brazil, Mexico renewables projects

The European Investment Bank approved a 151mn euro (US$172mn) loan for São Paulo-based EDP Energias do Brasil, controlled by EDP Energias de Portugal, for investments in renewable energy projects in Brazil and Mexico. The loan will...

Arreaza Denounces Economic, Political US Aggression on Venezuela

Venezuelan Foreign Minister Jorge Arreaza has denounced on Thursday the economic, financial and political aggression of the United States government against the South American nation. 'The United States is planning to starve...

Scotiabank announces sale of Puerto Rico, US Virgin Islands operations to Oriental Bank

Scotiabank announced today that it has reached an agreement for the sale of its operations in Puerto Rico and the U.S. Virgin Islands ("USVI"), to Oriental Bank, a subsidiary of OFG...

Banco do Brasil’s unsecured debt with Odebrecht at $1 billion: CEO

The Chief Executive Officer of state-controlled Banco do Brasil SA, Rubem Novaes, said on Wednesday that the bank has around 4 billion reais ($1.03 billion) in unsecured debt with construction conglomerate...

Judge approves drugstore operator Brasil Pharma’s bankruptcy

Brazilian drugstore operator Brasil Pharma said on Tuesday a Sao Paulo court judge had approved the bankruptcy request it filed on June 6, when the company warned it could no longer...

A common Brazil-Argentina currency? A ‘distant mirage’ for now

President Jair Bolsonaro’s suggestion that South America’s two largest economies could have a single currency akin to the euro was greeted with scepticism in Brazil and Argentina. After meeting his counterpart Mauricio...

Peru moves to incentivize household gas supply

Peru’s energy and mines ministry is pushing a regulatory overhaul of the gas distribution business to incentivize coverage of household consumers. The new system will allow concessionaires that are selling to both...

Chile to fast-track US$1.4bn in infra projects to boost economy

In order to speed up economic growth, Chile is set to accelerate the execution of nearly US$1.4bn in infra investments that were scheduled for 2019-2020. When presenting the plan, finance minister Felipe...