ECONOMIC INDICATORS Brazil economy grew 2.9% in 2023, says official data 01-03-2024 16:08 Brazil's economy expanded 2.9% in 2023 after a fourth quarter of zero growth, according to data released Friday by the IBGE national statistics agency.
Business Billionaire Claure forges new empire after WeWork collapse 01-03-2024 07:22 Marcelo Claure is shaping his own investment empire after the pandemic dealt the final blow to the company WeWork, as the company kept losing billions
Brazil and Wall Street Lula pulls off rare trick twice, wooing Wall Street and the poor 26-02-2024 11:09 In his first year back in power, Luiz Inacio Lula da Silva has again managed to keep both low-income voters and Wall Street investors happy
MARKETS Latin America’s quasi-sovereign companies attract bond investors 19-02-2024 14:09 State-owned companies across Latin America face falling output, cash woes and expensive investment plans. Yet bondholders can’t get enough.
POLITICS & COURTS Further judicial setback for Milei: Court suspends repeal of Land Law 30-01-2024 15:43 Ruling signed by judge Ernesto Kreplak, responding to a La Plata war veterans centre, preventively suspends repeal of Ley de Tierras, temporarily blocking limitless purchase of land by foreigners. by Ariel Stemphelet
ELECTIONS 2023 – MARKETS After US$24-billion wipeout, Argentina’s bonds face election test 16-11-2023 11:12 Holders of some US$65 billion of sovereign debt — including major investors like Pimco, BlackRock and Fidelity — have seen Argentina's bonds haemorrhage in value since 2020. And they know, if history is any guide, that more losses are likely.
THIRST FOR DOLLARS Argentines’ love of dollars creates a windfall for local brokers 02-10-2023 16:53 Argentina’s economic disaster has sent inflation soaring and pushed poverty levels toward a 15-year high. But for local brokerages, the chaos has fuelled a boom unlike anything industry veterans can remember.
MINING & INDUSTRY Mendoza Province narrows search for US$1-billion potash investor 04-09-2023 14:28 Mendoza Province has narrowed its search for a company to revive development of the Rio Colorado potash mine, a decade after Vale SA pulled out of the project.
ECONOMY Chinese investment in Brazil fell by 78% in 2022 30-08-2023 17:53 Chinese investment in Brazil totalled US$1.3 billion in 2022, a 78% drop from the previous year and its lowest level since 2009, according to a report issued by the China-Brazil Business Council on Tuesday.
MARKET REACTION Argentine assets extend sell-off after vote surprise roils markets 15-08-2023 14:05 Argentine assets extend losses as strong support for outsider Javier Milei in a weekend primary vote reverberates through markets.
BLOOMBERG – ANALYSIS Argentina’s assets to watch before key primary election 10-08-2023 15:20 Argentines will head to the polls in a nationwide primary election on Sunday, with traders watching closely for signs of regime change in the debt-ridden nation mired in yet another economic crisis.
Bloomberg Massa wins Greylock’s blessing in bid to save Argentina's economy 09-08-2023 14:52 Argentina’s inflation surged under Massa – Greylock sees him as best to save the economy.
economy Brazil is pushing the US out of world’s biggest soybean market 24-07-2023 15:44 China's increasing reliance on Brazilian soybeans during the typical season lull signals a shift away from the US as South America's shippers dominate the market, impacting American farmers and geopolitics.
INTERVIEW Latin America bank eyes finance 'umbrella' role for Amazon rainforest 20-06-2023 15:51 Inter-American Development Bank wants to play a central role as an "umbrella" organisation coordinating climate-related projects in the vulnerable rainforest, says new chief Ilan Goldfajni.
VACA MUERTA Massa: Vaca Muerta set for US$500-million Chevron investment 10-06-2023 08:10 Economy Minister Sergio Masssa confirms Chevron Corp will invest up to US$500 million to develop the El Trapial field in the Vaca Muerta deposit.
BRAZILIAN ECONOMY Brazil 'finfluencers' bring finance to the favelas 17-05-2023 15:05 So-called 'finfluencers,' or financial influencers, are going viral in Brazil, delivering financial education to the masses in a country known for its gaping inequalities.
ECONOMIC INDICATORS Foreign investment has slumped during Fernández presidency 08-05-2023 20:43 Tighter capital controls and economic uncertainty have led to a huge drop in foreign direct investment, according to a private report using Central Bank data.
BLOOMBERG – ANALYSIS Edward Porter: What Xi Jinping wants in Latin America 28-04-2023 11:29 China is not interested in turbocharging the region’s industrial development. But neither are its investments seeking to challenge the United States.
Lithium in Latin America Peru sees lithium mining opportunity in Chile’s statist plan 28-04-2023 11:14 Peru seeking a more active role in trying to lure lithium mining investments in light of Chile’s decision to take state control of all new projects of battery metal.
Food & energy Argentina secures US$500-million Saudi investment on food, energy 14-04-2023 08:46 State-run Saudi fund putting money into food and energy projects in Argentina, though details few and far between.
Copper boom? Argentina’s copper rush lures top power generator Central Puerto 07-03-2023 11:11 One of Argentina’s biggest power producers is trying to get in on the nation’s copper boom as the rush for key metals in the global energy transition accelerates.
BLOOMBERG - OPINION Eduardo Porter: Why Wall Street should like Latin America’s left 08-02-2023 09:22 The Latin American left does a better job than the right delivering on one of Wall Street’s favourite metrics: stock market returns.
Bloomberg Australian billionaire eyes investment in Argentina energy or mining 01-02-2023 23:50 Australian billionaire James Packer explored investment options during a dinner late last year at a race track in Buenos Aires with businessmen and politicians including Economy Minister Sergio Massa, according to sources.
Bilateral relations Lula and Fernández hail ‘new history’ as Argentina and Brazil reunite 27-01-2023 14:20 Brazil leader Luiz Inácio Lula da Silva underlined the significance of his visit to Argentina on Monday, declaring it marked “the beginning of a new history” between the two nations.
INVESTMENT IN ARGENTINA 2023: Interesting challenges for investors in the year to come 25-01-2023 12:56 Having a global vision helps us understand that there are economic problems that transcend borders and the mechanisms used to solve them have consequences in different geographies.
BLOOMBERG Rich investors pull out of Chile, leaving behind a US$50-billion hole 19-01-2023 14:45 Chile, Latin America’s stand-out economy for the better part of 50 years and a darling of Wall Street, is in many ways facing an existential moment.
MARKETS Venezuela’s nine-cent bonds lure a distressed-debt veteran 28-12-2022 14:16 Trader raising money to buy defaulted Venezuelan bonds amid signs of easing tensions between President Nicolás Maduro, the political opposition and the United States.
EDITORIAL Hanging in the balance (of powers) 26-11-2022 01:52 Argentina has very concrete problems resulting from the seemingly abstract factor of legal security.
Argentina Templeton’s Hasenstab exits Argentina bet after losing billions 15-11-2022 12:33 Firm’s retreat may complicate the rollover of large debt maturities due next year, squeezing the country’s tiny local market.
AGRICULTURE Uruguay farmers fend off droughts with soy technology, CEO says 08-11-2022 11:11 Farmers in Uruguay are withstanding climate change through investments in technology to fight droughts.
Grounded plane row Whirlpool touts bet on troubled Argentina as others steer clear 25-10-2022 14:38 Whirlpool is betting on demand for front-load washing machines in Latin America with a new state-of-the-art plant in Pilar.
Bloomberg Lionel Messi launches investment firm Targeting sports and tech 19-10-2022 10:51 Argentina captain and PSG star is creating a holding company to invest in sports, media and technology globally, reveals Bloomberg.
MARKETS Investors dodge Argentina bond pain by buying up YPF, provinces 27-09-2022 13:18 Quasi-sovereigns posting best returns in emerging markets; Meanwhile, Argentina’s sovereign bonds slumped more than 35%.
BLOOMBERG IDB boosts Latin America ESG bond campaign with US$1-billion push 12-07-2022 15:55 Inter-American Investment Corporation is helping companies in Latin America and the Caribbean bring about US$1 billion of environmental, social and governance bonds.
COLOMBIA ELECTIONS 2022 Jubilant Gustavo Petro elected Colombia's first leftist president 20-06-2022 14:35 Ex-guerrilla Gustavo Petro elected Colombia's first ever left-wing president after defeating millionaire businessman rival Rodolfo Hernández in run-off.
Latin America Ex-guerrilla takes on maverick in race to be Colombia's president 18-06-2022 01:20 A former leftist guerrilla and a millionaire businessman will go head-to-head on Sunday hoping to become the new president of Colombia.
Colombia Election 2022 Colombians set to vote in high stakes presidential run-off 17-06-2022 18:22 Colombians vote Sunday in a presidential run-off. Opinion polls have leftist Gustavo Petro and businessman Rodolfo Hernández neck-and-neck.
Bloomberg Tierra del Fuego pitches US$6-billion hydrogen dream 16-06-2022 11:04 Tierra del Fuego Province is trying to lure investments in hydrogen or ammonium, seeking to diversify its economy away from fossil fuels to tap the global clean-energy transition.
COLOMBIA ELECTIONS 2022 Colombian outsider makes run-off with real shot at presidency 31-05-2022 11:18 Rodolfo Hernández, who was little known at the start of the year, surged into Colombia’s presidential run-off – and he now has a real chance at winning against leftist rival Gustavo Petro.
BLOOMBERG Hunt for lithium sparks frantic rush into Argentina's mountains 24-05-2022 13:20 Looming shortage of lithium, key for electric vehicles, gives Argentina a chance to become a mining mecca.
BLOOMBERG Colombia’s number one banker has no fear of leftist front-runner 19-05-2022 08:00 Luis Carlos Sarmiento Gutiérrez would figure to be one of the people fretting the most about the looming election of the first left-wing leader in Colombia’s modern history. But, at least publicly, he betrays little angst about the outcome of the vote this month.
FOOTBALL IN SOUTH AMERICA Brazilian football clubs open doors to foreign investors 17-05-2022 10:45 After a century operating as non-profit associations, Brazilian clubs have started transforming their business models.
BLOOMBERG As rivals turn screws on mining, Argentina puts out welcome mat 11-05-2022 23:35 Government turns to capital-control loopholes and tax breaks, eyeing export boost as neighbours look to raise mine taxes.
AMCHAM SUMMIT 2022 Guzmán tells AmCham that Argentina needs ‘common sense,’ not ‘fairy tales’ 11-05-2022 01:19 Argentina’s economy minister addresses coalition tensions and inflation at AmCham summit; Opposition leaders Horacio Rodríguez Larreta and Patricia Bullrich pitch their visions to business leaders.
BLOOMBERG MercadoLibre posts record revenue, braces for macro jitters 06-05-2022 09:08 Latin American e-commerce retailer grew its revenue more than forecast in the first quarter; Company plans to invest some US$10 billion across the region this year.