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Latin America

Argentina Slashes Tariffs to Propel Auto Industry Forward

Argentina has made a significant strategic move to enhance its automotive industry's global competitiveness. Under the leadership of Economy Minister Luis Caputo and President Javier...

Pemex Profits Plummet 92% in Early 2024

In the first quarter of 2024, Petróleos Mexicanos (Pemex) experienced a significant financial downturn. Profits plummeted by 91.7%, falling from MXN 56.735 billion ($3.40 billion) in early 2023 to just MXN 4.682 billion ($280.69 million)...

General Motors Shifts Strategy in South America

General Motors (GM) officially declared that it will shut down its assembly operations in both Colombia and Ecuador. This decision shifts focus to national vehicle...

Argentina’s Rising Tide of Debt

In 2023, Argentina faced a steep climb in its private external debt, soaring by...

A New Dawn in Haiti

Amid the turmoil and violence that has long gripped Haiti, a beacon of hope emerges with the establishment of...

Mexico’s Oil Output Dips Amid Field Challenges

Mexico faces declining oil production, primarily from the Ku offshore and Quesqui terrestrial fields, both vital assets under state-run Petróleos Mexicanos (Pemex). Recent figures from...

Venezuela’s $154 Billion Debt Challenge: Toward a Complex Restructuring

Venezuela stands on the cusp of tackling its formidable $154 billion debt, presenting a complex restructuring challenge. This vast sum...

Mexico’s Rise in Neobanking: Following Brazil’s Footsteps

In the dynamic world of digital banking, Mexico emerges as a contender, mirroring Brazil's landscape from six years ago,...

Colombian Senate Passes Petro’s Key Pension Reform

The Colombian Senate recently approved President Gustavo Petro's key pension reform, now pending in...

Venezuela’s Economic Resurgence in 2024

In a remarkable turnaround, Venezuela's economy is poised to outshine its neighbors, Colombia and Ecuador,...

Bolivia’s Booming Cocoa Exports

In 2023, Bolivian cocoa and its derivatives hit a new export high of $2.9 million, weighing in at 621...