By Stefanie Eschenbacher and Ana Isabel Martinez MEXICO CITY (Reuters) – Under pressure to increase production, Mexico’s state oil company Pemex has risked fines for violations that cause[...]
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Latin America
Mexico keeps IMF credit line, to maintain access to around $47 billion
MEXICO CITY (Reuters) – The International Monetary Fund (IMF) has concluded that Mexico still meets the eligibility criteria for a flexible credit line, the Mexican central bank said on Thursday[...]
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Brazil’s Economy Ministry lowers 2023 GDP forecast to 2.1%
BRASILIA (Reuters) – Brazil’s Economy Ministry on Thursday lowered its forecast for economic growth in 2023 to 2.1% from 2.5% in September. The ministry kept its 2022 GDP growth outlook at[...]
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China’s BYD expands electric vehicle operation in Brazil
By Alberto Alerigi SAO PAULO (Reuters) – Chinese automaker BYD Co Ltd will start selling two new electric vehicle models in Brazil this month, betting on favorable political and environmental de[...]
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Meta’s WhatsApp makes Brazil a key test market for business messaging
By Katie Paul (Reuters) – Meta Platforms said on Thursday its WhatsApp messaging service will introduce a commercial directory and test a payments tool in Brazil, as it bets on business messagin[...]
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Brazil crypto law back on agenda as FTX collapse sends shockwaves
By Isabel Woodford (Reuters) – Brazilian crypto advocates are urging lawmakers to give final approval on a bill aimed at boosting oversight of the sector, after the collapse of FTX – once[...]
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Chile’s SQM profits jump more than ten-fold on lithium price surge
(Reuters) -Chilean miner SQM, the world’s second largest lithium producer, posted on Wednesday a ten-fold jump in third-quarter net profit, boosted by skyrocketing prices and record high sales o[...]
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GM Mexico head sees country missing electric vehicle target for 2030
By Kylie Madry MONTERREY, Mexico (Reuters) – General Motors’ Mexico head Francisco Garza foresees just 15% of the vehicles produced in the country in 2030 as being electric, missing the go[...]
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FTX’s Bahamas liquidators question the validity of U.S. bankruptcy
By Dietrich Knauth (Reuters) -Liquidators for FTX’s Bahamas unit, FTX Digital Markets, have asked a New York City court to recognize its bankruptcy in the Bahamas, saying they “reject the[...]
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