Trends - Latin America - Business Recorder

Latin America

Brazil cuts key interest rate a half-point

BRASÍLIA: Brazil’s central bank cut its key interest rate by half a point for the fourth straight time Wednesday,...

Published 14 Dec, 2023 11:33am

Sports

Colombia playing for all the Americas against England

SYDNEY: Colombia will use its status as the last nation of the Americas at the Women’s World Cup as motivation to...

Published 11 Aug, 2023 10:47am

World

Brazil should be on UN Security Council: UK chief diplomat

BRASÍLIA: Brazil must have a “louder voice” in world affairs, including a permanent seat on the United Nations...

Published 25 May, 2023 11:39am

World

‘Join forces’ against sanctions ‘blackmail’, urges Russia’s Lavrov

CARACAS: Russian Foreign Minister Sergei Lavrov called Tuesday for like-minded countries to “join forces” against...

Published 19 Apr, 2023 11:04am

Opinion

Monetary-fiscal history of Latin America: lessons for Pakistan

Pakistan today suffers from significant macroeconomic instability, high inflation, a currency crisis and a risk of a...

Published 06 Mar, 2023 06:43am

World

China says balloon sighted in Latin America for ‘civilian purpose’

BEIJING: The balloon sighted in Latin America is from China and is for civilian purposes, Chinese foreign ministry...

Published 06 Feb, 2023 12:35pm

Opinion

Inflation takes the turkey out of Christmas in Latin America

With traditional Christmas dinner costing almost twice as much as 2021’s festive spread, Maria Magdalena Luna has...

Published 25 Dec, 2022 03:29am

World

West scrambles to broach North-South divide aggravated by Ukraine war

UNITED NATIONS: The Western argument to internationally isolate Russia over its Feb. 24 invasion of Ukraine has been...

Published 23 Sep, 2022 01:43pm

World

Monkeypox vaccine maker and WHO ink Latin America deal

COPENHAGEN: The Danish maker of the only authorised monkeypox vaccine said Wednesday it had signed a deal with the...

Published 24 Aug, 2022 06:26pm

Life & Style

Colombian soprano breaking opera 'molds'

BOGOTA: Betty Garces grew up in an impoverished port city on Colombia's Pacific coast to the rhythm of drums and...

Published 05 Aug, 2022 02:23pm

Business & Finance

LATAM places $1.8-bn order for Airbus A321 jets

FARNBOROUGH: Latin America’s largest airline LATAM has ordered 17 Airbus A321 passenger jets worth more than $1.8...

Published 21 Jul, 2022 03:03pm

Business & Finance

Argentine economy minister who renegotiated IMF debt resigns

BUENOS AIRES: Argentine economy minister Martin Guzman, who led debt renegotiations with the International Monetary...

Published 03 Jul, 2022 11:31am

World

US officials travel to Venezuela over Russia invasion of Ukraine: report

Published 06 Mar, 2022 10:31am

World

'Terrible timing': Brazil's Bolsonaro to visit Russia

RIO DE JANEIRO: Ignoring US concerns, Brazilian President Jair Bolsonaro is due to arrive in Russia Tuesday for an...

Published 13 Feb, 2022 11:03am

World

Global Covid infections pass 250 million: AFP tally

PARIS: More than 250 million Covid-19 infections have been recorded worldwide since the start of the pandemic,...

Published 09 Nov, 2021 11:49am

World

Five things to know about Mexico

Here are five things to know about the world's most populous Spanish-speaking country, home to 126 million people.

Published 03 Jun, 2021 11:25am

Opinion

Climate lawsuits snowball as South Americans seek a healthy environment

A landmark lawsuit filed against Guyana’s government, arguing that oil production fuels climate change, could...

Published 02 Jun, 2021 04:29am

World

Brazil's Lula seeks latest upset: win back the center

In a deeply polarized Brazil, Lula is striving to sell himself as a moderate to the alienated middle.

Published 26 May, 2021 10:01am

Markets

Chile, Peru lead Latam FX losses; c.bank forex swap buoys Brazil' real

Data on Monday showed annual headline inflation in Mexico stood at 5.80% in the year through the first half of May, well above the central bank's target of 3%, strengthening the case to end an easing cycle. The peso rose 0.4%.

Published 25 May, 2021 11:08am

World

US stimulus helps Mexico's remittances hit record high

The transfers have become increasingly important for the country in light of the pandemic's damaging impact on other sectors, they said.

Published 04 May, 2021 10:05am

Business & Finance

Mexican used-car startup Kavak hits $4 billion valuation

Kavak, which was founded in 2016 and is backed by Japan's SoftBank Group Corp, became Mexico's first tech "unicorn" last October when it reported a valuation of more than $1 billion.
The new capital injection will help Kavak, an online platform for buying and selling secondhand cars operating in Mexico and Argentina, launch in Brazil in the next couple of months, Chief Executive Carlos Garcia said.

Published 07 Apr, 2021 06:52pm

Markets

Brazil raises interest rate by bigger-than-expected 0.75 point to 2.75%

It was the first rate hike in six years for Latin America's biggest economy, which weathered last year's Covid-19 meltdown.

Published 18 Mar, 2021 09:47am

Business & Finance

Shares in Brazil's Petrobras plunge 20%

He also criticized Castello Branco for working from home because of the pandemic.

Published 23 Feb, 2021 10:32am

World

Using trade ties to secure doses, Chile moves fast on COVID-19 vaccination drive

That puts it in the top 10 globally of larger countries and compares to 172 days for Brazil and over 1,000 days for Mexico, which has faced delays in its inoculation program.
This global tragedy perhaps gives us the opportunity as Chileans not just to get a shot in the arm but reach out to people and soothe the nation's soul.

Updated 22 Feb, 2021 10:06pm

Business & Finance

Wealth tax: inequality solution for Latin America?

In Europe, wealth taxes have generated barely 0.2 percent of GDP -- a "very small" amount, according to Rasteletti.

Published 19 Feb, 2021 10:07am

World

Latin America and Caribbean top 600,000 Covid-19 deaths: AFP tally

The region, which encompasses 34 countries and territories in South and Central America, Mexico and the Caribbean.

Published 03 Feb, 2021 09:58am

World

Brazil unemployment rate falls further to 14.1pc as job growth jumps

The unemployment rate was down from 14.3% in the three months to October, statistics agency IBGE said, slipping further back from the record 14.6% in the three months to September.
The median forecast in a Reuters poll of economists was for an unemployment rate of 14.0%. It ended 2019 at 11.0%.

Published 28 Jan, 2021 08:52pm

Business & Finance

Nubank jumps into Latam financials top five with $400mn fundraising

The latest funding round valued Nubank at roughly $25 billion, according to a source familiar with the matter, more than doubling its valuation since the last funding round in July 2019.
Its loan book is less than 1.5% of Brazil's biggest lender Itau, yet the $25 billion valuation would put it at roughly half of Itau's market value.

Published 28 Jan, 2021 08:44pm

Technology

French media group Vivendi raises stake in Spanish rival Prisa to 9.9%

Beleaguered Prisa, which is struggling with a huge debt pile, is controlled by activist fund Amber Capital which is led by French investor Joseph Oughourlian.

Published 25 Jan, 2021 12:19pm

Business & Finance

Telefonica sells mobile phone masts in Europe, Latin America for 7.7bn euros

Telefonica's debt stood at 36.7 billion euros at the end of September.

Published 13 Jan, 2021 05:43pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Shaheen Ins. / Dec 18 Shaheen Insurance Company Limited(SHNI)	7.07 ▲ 0.98 (16.09%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Tri-Star Power / Dec 18 Tri-Star Power Limited(TSPL)	5.96 ▲ 0.58 (10.78%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)
B.R.R. Guardian / Dec 18 B.R.R. Guardian Limited(BRRG)	21.24 ▲ 1.93 (9.99%)

Stock	Price
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
Sanghar Sugar / Dec 18 Sanghar Sugar Mills Limited(SANSM)	29.12 ▼ -3.23 (-9.98%)
Hafiz Ltd. / Dec 18 Hafiz Limited(HAFL)	199 ▼ -20.05 (-9.15%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	742 ▼ -67.76 (-8.37%)
Fateh Sports / Dec 18 Fateh Sports Wear Limited(FSWL)	80 ▼ -7.22 (-8.28%)
J.K.Spinning / Dec 18 J.K. Spinning Mills Limited(JKSM)	60 ▼ -5.00 (-7.69%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	341 ▼ -27.22 (-7.39%)
Frontier Ceram / Dec 18 Frontier Ceramics Limited(FRCL)	27.02 ▼ -1.82 (-6.31%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.03
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 1.09
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.04
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.37
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 1.06
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.12
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.44
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▲ 1.56
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▲ 0.06

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