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Latin America

Mexico airlines lost over $1 billion due to US safety downgrade –industry head

BY Reuters  • June 28, 2023June 28, 2023
By Kylie Madry MEXICO CITY (Reuters) – Mexico’s two-year-old air safety rating downgrade by U.S. authorities has caused a more-than-billion-dollar hit to national airlines, an industry hea[...]
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Business Central America Latin America

BlackRock says AI ‘mega-force’ to buck tough macro trend

BY Reuters  • June 28, 2023June 28, 2023
(Reuters) – Shares of AI-focused companies will be a major driver of returns for developed markets in a tough economic environment, BlackRock Investment Institute said, citing an unusually conce[...]
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Business Central America Economy Europe Latin America Technology UK Updated US

Panama pledges to purge more substandard ships from world’s largest registry

BY Reuters  • June 28, 2023June 28, 2023
PANAMA CITY (Reuters) – The Panama Maritime Authority (AMP) said on Tuesday it would continue to clean up its fleet to prevent substandard Panama-flagged ships from being detained in foreign por[...]
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Business Central America Economy Environment Latin America

Google aims to avoid ‘perverse’ regulation in Brazil, says executive

BY Reuters  • June 27, 2023June 28, 2023
By Patricia VilasBoas SAO PAULO (Reuters) – The top executive of Google Brazil said on Tuesday the company encourages greater dialogue around regulating digital platforms in the country, in orde[...]
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Business Latin America Politics Technology US

Embraer lags in orders at Paris Airshow, but longer-term recovery seen

BY Reuters  • June 27, 2023June 27, 2023
By Gabriel Araujo SAO PAULO (Reuters) -Investors were left disappointed by weaker-than-expected order numbers for Brazil’s Embraer at the world’s largest airshow last week, though some ana[...]
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Asia Business Economy Europe Latin America Updated US

Exclusive-Russian firm asks Venezuela to match Chevron oil-for-debt deal

BY Reuters  • June 27, 2023June 27, 2023
By Alexandra Ulmer and Marianna Parraga (Reuters) – A Russian oil firm is asking Venezuela’s state-run company PDVSA for permission to take control of exports from their joint ventures to[...]
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Business Europe Latin America Updated US

CEOs of major Brazil lenders see ‘unique opportunity’ for local economy

BY Reuters  • June 27, 2023June 27, 2023
SAO PAULO (Reuters) – The chief executives of Brazil’s largest private lenders, Itau and Bradesco, defended on Tuesday the government’s planned tax reform, emphasizing that the count[...]
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Business Economy Latin America Politics

Volvo EVs to now have access to Tesla superchargers

BY Reuters  • June 27, 2023June 27, 2023
(Reuters) – Swedish carmaker Volvo Cars said on Tuesday it had signed an agreement with Tesla to give its electric vehicles (EVs) access to the EV maker’s Supercharger network in the Unite[...]
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Business Canada Central America Economy Europe Latin America Technology US

Brazil inflation slows as central bank foresees August rate cut

BY Reuters  • June 27, 2023June 27, 2023
By Gabriel Araujo SAO PAULO (Reuters) -Annual inflation in Brazil slowed further in early June, hitting its lowest in nearly three years as the central bank signaled it may start cutting interest rate[...]
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Business Economy Latin America Politics Updated
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