Wealth Growth Daily

Latin America

Venezuela, Chevron formally sign oil contracts in Caracas

BY Reuters  • December 2, 2022December 3, 2022
By Deisy Buitrago CARACAS (Reuters) -Venezuela’s oil minister and top representatives of state-run company PDVSA on Friday signed contracts with U.S. oil firm Chevron Corp intended to help reviv[...]
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Business Latin America Politics Updated US

Brazil’s central bank to keep rates steady, stress fiscal concerns: Reuters poll

BY Reuters  • December 2, 2022December 2, 2022
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s central bank is set to keep its benchmark interest rate at a cycle-high of 13.75% next week, stressing heightened worries over new govern[...]
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Business Economy Latin America

Brazil industrial output rises in October but near-term outlook remains cloudy

BY Reuters  • December 2, 2022December 2, 2022
SAO PAULO (Reuters) – Industrial production in Brazil rose 0.3% in October from September, government statistics agency IBGE said on Friday, returning to positive territory after two consecutive[...]
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Business Economy Latin America

Mexico to hike minimum wage by 20% in 2023, raising inflation worries

BY Reuters  • December 2, 2022December 2, 2022
MEXICO CITY (Reuters) – Mexico will raise the minimum wage by 20% next year after employers, labor representatives and the government reached an agreement, officials said on Thursday, although s[...]
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Business Central America Economy Latin America Politics Updated

Analysis-Ghana overhaul a test for $1 billion World Bank-backed debt

BY Reuters  • December 2, 2022December 2, 2022
By Jorgelina do Rosario LONDON (Reuters) – Ghana’s debt restructuring plans are set to test a $400 million World Bank guarantee which was designed to provide extra security if the West Afr[...]
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Africa Business Economy Latin America

U.S. oil refiner Valero, rivals pursue Chevron for Venezuelan crude

BY Reuters  • December 1, 2022December 1, 2022
By Marianna Parraga HOUSTON (Reuters) – U.S. oil refiners that once were regular buyers of Venezuelan crude are jockeying to win access to coming cargoes chartered by Chevron Corp under a newly[...]
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Business Economy Latin America US

Budget airline Volaris expands El Salvador-United States routes

BY Reuters  • December 1, 2022December 1, 2022
MEXICO CITY (Reuters) – Low-cost carrier Volaris’ El Salvador operation will expand its flights to the United States, adding three new routes out of the San Salvador airport, the company s[...]
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Business Central America Latin America US

Brazil GDP growth slows more than expected as high interest rates bite

BY Reuters  • December 1, 2022December 1, 2022
By Marcela Ayres BRASILIA (Reuters) -Brazil’s economic growth slowed more than expected in the third quarter as higher interest rates affected household spending, underscoring challenges facing[...]
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Business Economy Latin America Politics Updated

Oil prices could fall without further OPEC+ cut, analysts say

BY Reuters  • December 1, 2022December 1, 2022
By Ahmad Ghaddar and Rowena Edwards LONDON (Reuters) – OPEC+ is widely expected to stick to its latest target of reducing oil production by 2 million barrels per day (bpd) when it meets on Sunda[...]
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