Trends - Latin America - Business Recorder

Latin America

China promises Latin America ‘trustworthy’ ties as Trump lays out demands

BEIJING: China will always be Latin America’s “trustworthy” friend and partner, its foreign minister told his...

Published 19 Feb, 2025 05:23pm

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Mar 28	149.88
USD to Swiss Franc / Mar 28	0.88
Pound Sterling to USD / Mar 28	1.29
Euro to USD / Mar 28	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
India Sensex / Mar 28	77,414.92
Tokyo Nikkei / Mar 28	37,120.33
Nasdaq / Mar 28	17,322.99
Hang Seng / Mar 28	23,426.60
FTSE 100 / Mar 28	8,658.85
Dow Jones / Mar 28	41,583.90
Germany DAX 30 / Mar 28	22,461.52
France CAC40 / Mar 28	7,916.08

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Crude Oil USD/Barrel / Mar 28	69.10
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Gold Spot USD/Ounce / Mar 28	3,117.20
Cotton US¢/pound / Mar 28	66.90
Petrol/Litre / Mar 29	255.63
Diesel/Litre / Mar 29	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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