Industries and markets
“Ecuador has been buckling under its US$ 58 billion debt burden which has been worsened by the coronavirus crisis. President Lenin Moreno said in May the government would renegotiate its debt load, which would save
“Brazil posted a net foreign exchange inflow of US$ 3.1 billion in May, central bank figures showed on Wednesday, its first net inflow since July last year. The figures showed a surplus of almost US$
“Latam Airlines registered a significant rise Tuesday and Wednesday on the Santiago Stock Exchange, rising 37.63% and 16%, which is attributed to the support that its partner Qatar Airways, who owns 10% of the Chilean
“At a ceremony in the Quintana Roo municipality of Lázaro Cárdenas, the president described the US $8-billion, 1,500-kilometer railroad as a historic and momentous project for the southeast of Mexico.”
“Argentina is assessing “additional adjustments” to its offer “with a view to maximizing investor support without compromising its debt sustainability goals” .
“He acknowledged that the peso dropped to a record low of more than 25 to the United States dollar in late March but highlighted that it was trading at 22.2 to the greenback on Friday.
“The bailout involving BNDES should be decided by the start of July, and Embraer could receive some US$400 million of that aid package.”
“Over-the-counter bonds rose 3.8%, while country risk tightened 243 basis points to 2,535, amid negotiations to revamp US$ 65 billion in debt.”
“Large-scale mining, which makes up 80% of Peru’s copper production, would not be fully up and running until early June, Victor Gobitz, general manager of mining company Buenaventura (BVN.N), said at a virtual news conference.”
“Non-residents reduced their holdings by 24.3 billion reais (US$ 4.6 billion) in April, bringing the total reduction so far this year to over 56 billion reais.”