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...
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