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Fuente: nuam exchange
Integrated market of Chile, Peru and Colombia seals alliance with fintech associations

nuam exchange , as part of its commitment to the development of new technologies in the financial industry and the promotion of innovation in the region, signed a collaboration agreement with the fintech associations of the respective countries.

Fuente: Cámara de Diputados de Bolivia
Anti-extension bills truncate approval of Bolivia's accession to Mercosur

The 101st ordinary session of the Bolivian Chamber of Deputies was held with the presence of 102 legislators, of which 45 approved to continue with the assembly, while 57 voted against.

    Fuente: El Economista
    Brazilian Gerdau would require an investment of US$600 million to build a new steel plant in Mexico

    If plans indicate commercial viability for the new facility, construction will begin in 2025.

    Noboa. Foto: Reuters.
    President of Ecuador creates Energy Optimization Committee

    Among the entity's objectives are to integrate and design public policy related to the use of energy in public, social and environmental security.

    Litio. Foto: Andina.
    Lithium prices begin to recover

    A ton of lithium carbonate is trading above US$15,000.

      Carne. Foto: Andina.
      FAO reported increase in food prices for the second consecutive month

      In April it grew 0.3% compared to the previous month, but 18.3% less than a year ago.

      BBVA. Foto: Reuters.
      Renta 4 does not exclude the possibility that BBVA pays part of the merger with Sabadell in cash

      According to analyst Nuria Álvarez, this would occur with the aim of facilitating the operation given the possible reluctance of Sabadell regarding the merger, for which BBVA would use its excess capital, estimated at around US$ 3,320 million.

      Copec. Foto: Reuters.
      Chilean Copec diversifies its offer with the acquisition of Streat Burger

      The hamburger and food products brand, founded in 2016 by Nicolás Lipthay and Diego Desmadryl, currently has seven locations.

      Exportaciones. Foto: Reuters.
      Exports in Uruguay grew 27% in April

      Sales of beef, live cattle and pulp were relevant during the month. In contrast, dairy products and rice closed the month with negative numbers.

      Wom.
      Superintendency approved the entry of WOM Colombia into the restructuring process

      The above, argued the company, because it is going through a complex economic moment that could affect its operational payment capacity, which in the long run could lead to liquidation.

      Fuente: Agencia Andina
      Peru: Macusani lithium project would operate in 2027 under an investment of US$ 847 million

      Macusani Yellowcake, the company in charge of the project, estimates to set up a refinery in 2028.

      Fuente: BCB
      Bolivia's international reserves grew 5% during the first quarter of the year

      In the report presented to the Legislative Assembly, the Central Bank of Bolivia reported that until April of this year it purchased a total of 8.65 tons, of which 4.56 were acquired between January and April 2024.

        Fuente: El Economista
        Remittance shipments to Mexico totaled US$ 14,105 million in the first quarter of 2024

        Between January and March of this year, the flow of remittances had an annual growth of 1%; However, it is the lowest observed for a similar period since the drop observed in 2013.

        Fuente: COFIDE
        COFIDE, Peruvian development bank, issues social bond for US$ 300 million

        After four years without issuing in international markets, this new issue obtained an oversubscription of 4.3 times, with a historical record of spread against the sovereign.

        Fuente: El Economista
        Lower consumption in the US caused a 2.9% decrease in Mexican exports in March

        Even so, the Aztec country remained the first partner of its northern neighbor in merchandise trade, with a share of 15.8%, followed by Canada and China.

        Foto Unsplash
        Digital payments: when the wallet rules

        Exponential digital wallets growth in the region aims to continue transforming not only the payment experience, but also access to more financial and non-financial products, and even in-person sales. In a region where cash remains king for now, the challenge is to deepen recurrence and achieve full interoperability.

        Bancolombia. Foto: Reuters.
        Bancolombia enters the world of cryptocurrencies with Wenia

        As explained by Juan Carlos Mora, president of this business group, the operation of this platform will be intermediated by a crypto asset that they created and which they called COPW.

        F1. Foto: Europa Press.
        Globant and Formula 1 join forces to promote the digital experience in racing

        The first two projects of this collaboration will focus on improving the current pit wall system, a key source of information for racing teams, and enriching the mobile application experience for fans.

        Mexicana. Foto: Reuters.
        Mexicana de Aviación increased its subsidy by 1,030% by 2024

        Among the benefits to be obtained with the requested resources are: covering unmet demand, shorter waiting time for users to obtain a flight in high season, competitive prices, greater range on routes, greater options for fast and efficient transportation, and generation of employment.

        Startups. Foto: Unsplash.
        'Unicorns' tend to lose value immediately after going public

        A study conducted at the University of Chile revealed that the stock market tends to pay around 7% more for companies that do not have the label.

        Santiago de Chile. Foto: Unsplash.
        Chile registered growth of 0.8% in March, more discreet than the previous month

        The result of the Monthly Index of Economic Activity (Imacec) was explained by the increase in mining and other goods, offset by the falls in commerce and industry.

        Fedexpor vía X.
        Ecuador and China formalize trade agreement with announcement of import fair

        The participation of phytosanitary authorities is proposed to better understand options so that products that are already considered can enter the Asian giant.

        crédito foto Reuters edificio OCDE
        OECD forecasts modest growth for Latin America in 2024-2025

        The organization said this morning in its semiannual outlook report for the region that the seven largest Latin American economies -Brazil, Mexico, Colombia, Argentina, Chile, Peru, Costa Rica- will grow on average 1.4% this year and 2.4% in 2025, a slowdown after the 1.9% registered in 2023.

        Albemarle foto Reuters
        Albemarle's profits decline due to weak lithium prices

        In the first quarter, the company recorded more than $90 million in "restructuring and productivity cost savings," putting it on track to realize $280 million in productivity benefits over the course of the year. The American mining company extracts lithium in northern Chile.

        remesas Global66
        Peru: studies abroad and imports drive money transfers in the first quarter of 2024

        According to a report from the remittance fintech Global66, sending money from the Andean country increased by 126% compared to the same period last year; The main markets being Colombia, Chile and Spain.

        crédito foto Reuters Fed building
        The Fed maintains interest rates at 5.25%-5.50%

        The Committee did not consider it appropriate to reduce the target range until it had gained greater confidence that inflation was moving sustainably towards 2%.

        Captura de pantalla AMLO
        President of Mexico signs decree to create the Pension Fund for Wellbeing

        "The idea is that the universal pension continues to increase to guarantee the basics, food, for example, that the purpose we have is achieved, in that we are going to make a lot of progress," said Andrés Manuel López Obrador within the framework of Labor Day. .

        Foto Andina
        The Government of Peru will evaluate an increase in the minimum wage in the second half of this year

        The Minister of Labor, Daniel Maurate, explained that this measure will depend on the recovery of the economy.

        crédito reuters fuerza laboral Latinoamérica
        Workers or employers, who is winning the battle?

        The replacement of the workforce has already arrived, impacting productivity, presence and, especially, mobility. What is required now is a rearrangement to find a balance point of convenience for all, because "until now, the 'cock' is being won by the workers," says a labor market specialist.

        cencosud shopping
        Cencosud Shopping increases its net profit by 82.1% this first quarter of 2024

        The results are mainly explained by the increase in the gross leasable area by more than 20,000 square meters and by its high occupancy rate of 98.3%. The holding company 's real estate subsidiary is embarking on a process of expanding its shopping centers in Chile and Peru.