By Valentine Hilaire (Reuters) – First Quantum Minerals Ltd has warned employees it may have to shutter operations in Panama if the government does not allow its copper exports to resume by next[...]
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Latin America
Ex-JPM, Barclays exec Staley discussed Disney princesses with Epstein – lawsuit
By Iain Withers and Kirstin Ridley LONDON (Reuters) -Former JPMorgan Chase & Co and Barclays executive Jes Staley allegedly discussed Disney characters Snow White and Beauty and the Beast in a ser[...]
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Exclusive-Banxico’s rate hike cycle almost over, seen ending at 11.25%-11.75%, says deputy governor
By Anthony Esposito and Noe Torres MEXICO CITY (Reuters) -The Bank of Mexico’s monetary tightening cycle is nearing its end and nominal interest rates could top out between 11.25% and 11.75%, at[...]
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Brazil’s Americanas makes offer to creditors but no deal reached
SAO PAULO (Reuters) – Brazilian retailer Americanas SA on Thursday failed to reach a deal on proposal to creditors that included a multi-billion-real capital injection by key shareholders as par[...]
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Walmart in Mexico gross margin shrinks, quarterly profit up 12%
MEXICO CITY (Reuters) -Walmart’s Mexico unit on Wednesday said its gross margin in the fourth quarter shrank in a push to offer lower prices, even as strong same-store sales helped boost net pro[...]
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Lacking lifeline, Mexican carrier Aeromar shutters
By Kylie Madry MEXICO CITY (Reuters) – Mexican airline Aeromar announced the “definitive end” of operations on Wednesday, as the heavily indebted company failed to reach agreements w[...]
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Resurgent China to drive 2023 oil demand, supply shortfall possible in H2 -IEA
By Noah Browning LONDON (Reuters) -China will make up nearly half of this year’s oil demand growth after it relaxed its COVID-19 curbs, the International Energy Agency (IEA) said on Wednesday, b[...]
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Mexico’s America Movil Q4 net profit tumbles, hit by Chile unit deconsolidation
MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil reported on Tuesday a 90% drop in its fourth-quarter net profit from the same period a year earlier, mainly due to the deconsolida[...]
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Buffett-backed Nubank’s quarterly profit surges amid robust customer demand
(Reuters) – Nu Holdings Ltd reported a surge in fourth-quarter gross profit on Tuesday, as customers flocked to the core lending products offered by the Warren Buffett-backed digital banking fir[...]
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