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Latin America

President of Bolivia promotes the reactivation of Unasur and proposes a common currency

The president of Bolivia, Luis Arce, urges the reactivation of the Union of South American Nations (Unasur) through the creation of a common currency as an alternative to the dollar to promote regional trade. In a video released on his social networks in commemoration of the anniversary of the…

Petrobras announces gas price reduction

Petrobas announced this Monday an agreement with distributors to reduce the price of a cubic meter of natural gas by 8.1 % as of next May compared to the average value of the quarter between February and April. The Brazilian oil company…

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World Bank forecasts growth of 1.4 % in Latin America

The World Bank's chief economist for Latin America and the Caribbean, William Maloney, reported that the institution slightly increased its growth prospects for the region and will grow by 1.4 %, due to the effects of increases in bank…

Cryptocurrencies

Mercado Libre expands its cryptocurrency services to Chile

Users of the online payment platform in Chile can now buy, sell and store Bitcoin (BTC) and Ether (ETH) through the Mercado Pago app, according to Osvaldo Giménez, president of Mercado Libre's Fintech sector, who announced the news on…

Argentine GDP had a growth in 2022 of 5.2 %

The Gross Domestic Product (GDP) of Argentina grew by 5.2 % year-on-year in 2022, driven by a positive performance in almost all sectors of activity, with the exception of agriculture, livestock, hunting and forestry, which fell by 4, 1 %.…

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Argentina will receive financing from the IDB for USD 235 million

Argentina signed this Friday with the Inter-American Development Bank (IDB) a financing program for key areas of the local economy, for the amount of USD 235 million. The meeting between the Minister of Economy of Argentina, Sergio Massa,…

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The EU allocates 145 million euros for a digital alliance with Latin America

The European Union has announced 145 million euros to promote digital cooperation with Latin America and the Caribbean, within the framework of the Global Gateway projects, the infrastructure investment initiative with which the block…

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Uruguay will host a forum on renewable energy this year

The general director of the International Renewable Energy Agency (IRENA), Francesco La Camera, reported that the first Latin American Investment Forum in renewable energy will take place in Uruguay on November 9 and 10 of this year. The…

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Central Bank of Bolivia sells dollars to curb speculation

The Central Bank of Bolivia (BCB) began selling dollars to the public to meet an unusual demand for the US currency, which authorities say is due to speculation about the country's economic situation. The president of the BCB, Edwin Rojas,…

Inflation in Brazil fell one tenth in February

The Consumer Price Index (CPI) in Brazil stood at 5.6 % year-on-year in February, a drop of more than one tenth compared to the data for January, according to the Brazilian Institute of Geography and Statistics (IBGE). Thus, Brazilian…

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Government of Peru expects private investment to recover in the second quarter

The Minister of Economy and Finance, Alex Contreras, has indicated that he expects private investment to begin to recover from the second quarter of the year, noting that the Andean country has "impressive" poles of economic attraction such…

Business

Orange allies with OneWeb to boost connectivity via satellite

Orange has signed an agreement with the nanosatellite company OneWeb to promote connectivity with this technology in remote areas in Europe, Latin America and Africa. The distribution agreement will allow Orange to integrate the OneWeb…

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