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Latin America

Argentina cenbank debt poses ‘systemic risk’ to financial sector, Moody’s says

BY Reuters  • November 16, 2022November 17, 2022
(Reuters) – Argentina’s rising central bank debt poses a risk to the country’s monetary stability, ratings agency Moody’s said on Wednesday, adding it could further stoke infla[...]
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Business Economy Latin America Updated

Credito Real in talks with bondholders as bankruptcy ruling looms

BY Reuters  • November 16, 2022November 16, 2022
MEXICO CITY (Reuters) – Troubled Mexican non-bank lender Credito Real is in talks with foreign bondholders, prompting creditors to delay their request for an involuntary U.S. bankruptcy hearing,[...]
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Business Central America Latin America US

S&P pushes Argentina’s local currency rating deeper into junk territory

BY Reuters  • November 16, 2022November 16, 2022
(Reuters) – Ratings agency S&P Global on Wednesday cut Argentina’s long-term local currency sovereign credit rating by two notches to “CCC-” from “CCC+” to refl[...]
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Business Economy Elections Latin America Politics

Austrian banker fights extradition to U.S. on money laundering charges

BY Reuters  • November 16, 2022November 16, 2022
By Sam Tobin LONDON (Reuters) – The former chief executive of an Austrian bank who faces charges in the United States in relation to a bribery and money laundering conspiracy involving Brazilian[...]
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Business Europe Latin America UK US

Chile’s Codelco trials fully-electric loader in bid to cut emissions

BY Reuters  • November 16, 2022November 16, 2022
By Natalia A. Ramos Miranda EL TENIENTE MINE, Chile (Reuters) – A huge fully electric-powered 14-ton loading shovel has begun operating at Chile’s century-old El Teniente copper mine, in w[...]
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Business Environment Latin America US

FTX’s Bahamas unit seeks Chapter 15 bankruptcy protection -filing

BY Reuters  • November 16, 2022November 16, 2022
(Reuters) – FTX’s Bahamas unit, FTX Digital Markets, is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, a court filing showed on Tuesda[...]
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Business Economy Europe Latin America Technology Updated US

Cuba seeks to drum up foreign investment despite crisis

BY Reuters  • November 15, 2022November 15, 2022
By Marc Frank and Nelson Acosta HAVANA (Reuters) – Cuba on Tuesday said it had signed 30 foreign investment deals valued at around $400 million this year, more than in 2021 but far short of pre-[...]
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Business Economy Entertainment and Lifestyle Latin America

Sam Bankman-Fried faces possible U.S. trip for questioning over FTX collapse – Bloomberg

BY Reuters  • November 15, 2022November 15, 2022
(Reuters) – American and Bahamian authorities are discussing the possibility of bringing FTX founder Sam Bankman-Fried to the United States for questioning, Bloomberg News reported on Tuesday, c[...]
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Business Economy Europe Latin America Technology US

Chile’s Escondida mine workers announce strike amid labor demands

BY Reuters  • November 15, 2022November 15, 2022
SANTIAGO (Reuters) -Workers of Chile’s Escondida mine, the world’s largest copper mine, decided to go on strike on Nov. 21 and 23 due to labor demands, their union said on Tuesday. Members[...]
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Asia Australia Business Economy Entertainment and Lifestyle Europe Latin America UK Updated
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