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Latin America

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)...

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 marketing and after-sales services. Today, GM starts winding down Colombia's...

Argentina’s Rising Tide of Debt

In 2023, Argentina faced a steep climb in its private external debt, soaring by $15.97 billion from the previous year to a daunting total...

A New Dawn in Haiti

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

Argentina’s Confidence Boosted by Second Rate Cut

In a bold move to combat skyrocketing inflation, the Argentine Central Bank has reduced its benchmark interest rate 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 has accumulated from a variety...

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 the Chamber of Representatives. Introduced over...

Milei’s Austerity Measures Spark Nationwide Backlash

Argentina recently saw one of its largest protests in the last twenty years, a...

Bolivia’s Booming Cocoa Exports

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

Poll Shows Left-Wing Coalition Ahead in Uruguay’s Election Race

In Uruguay's vibrant political scene, the Frente Amplio (FA) has taken the lead in voter preferences for the presidential...