Oil falls on Monday
Oil prices fell on Monday as ample global supply offset concerns about potential disruptions linked to political…
Browsing Tag
Latin America
Egypt, Cuba explore air transport deal, aviation cooperation
Egypt’s Civil Aviation Minister Sameh El-Hefny met with Armando Daniel Lopez, head of Cuba’s Institute of Civil…
Egypt, Dominican Republic discuss deeper civil aviation cooperation
Egypt’s Minister of Civil Aviation Sameh El-Hefny met with Ambassador of the Dominican Republic to Cairo Maldonado…
EU launches €5b guarantee to unlock global investments
The European Commission and the European Investment Bank (EIB) announced a new €5 billion guarantee agreement aimed…
Egypt’s citrus exports applauded by Latin America
Egypt’s Agriculture Minister Alaa Farouk said that El Salvador and other Latin American countries praised the…
Egypt targets $7b in food exports by ’25 – FEC
Egypt is aiming to increase its food exports to over $7 billion in 2025, with plans to double this figure in the…
Demand for Russian goods remains strong – Official
Russian exports to unfriendly countries make up approximately 15 per cent of total shipments, according to Veronika…
IFC issues $184m green bond to support biodiversity projects
The International Finance Corporation (IFC), a member of the World Bank Group, has issued a five-year green bond…
IFC raises AUD 700m in green Kangaroo bond for biodiversity
The International Finance Corporation (IFC), part of the World Bank Group, has issued a 10-year green bond in the…
Abu Dhabi’s ADFD, CAF partner to boost sustainable growth in L. America
The Abu Dhabi Fund for Development (ADFD) has recently entered into a strategic agreement with CAF – Development…
S&P PMI: India’s services sector hits 15-m high in August ’24
India's services sector continued its robust performance into August, with business activity expanding at its…
IFC, Microsoft partner to boost digital transformation in L. America, Caribbean
The International Finance Corporation (IFC) and Microsoft have signed a strategic agreement to boost digital…
IFC launches initiative to support underserved in L. America, Caribbean
The International Finance Corporation (IFC) has launched the Silver Economy Initiative to develop financial…
Yalta forum returns to Moscow, focuses on global cooperation
The Yalta International Economic Forum will be held in Moscow for the second time, Georgy Muradov, Permanent…
Uber, BYD to deploy 100,000 EVs in major global deal
Uber Technologies Inc. has announced a major partnership with Chinese automaker BYD Co. to integrate 100,000…
JPMorgan lowers emerging market default forecast
JPMorgan revised its forecast for emerging market (EM) corporate defaults on Monday, citing the most significant…
US crude imports hit two-year high
US crude oil imports surged to a nearly two-year high last month, as refiners purchased heavy crudes from Canada…
World Bank raises global growth forecast
The World Bank revised its global economic outlook upwards, now projecting a 2.6 per cent expansion in 2024,…
Argentina’s GDP to contract by 3.3% in ’24, grow 2.7% in ’25: OECD
Argentina’s economy is expected to contract by 3.3 per cent this year driven by hyperinflation, and sizeable fiscal…
Ukraine to propose $20b debt rework to bondholders by May
Ukraine is preparing to present a proposal to international bondholders for restructuring its $20 billion debt by…
US payrolls expected to rise by 200,000 for 4th consecutive month – poll
March saw continued robust employment gains in the US, with moderated wage growth suggesting a stable labor market…
Nissan to launch 30 new models over next 3 yrs
Nissan Motor announced plans to launch 30 new models in the next three years, aiming to increase global sales by…
IMF cuts Argentina ’24 growth forecast to 2.8%
Argentina 2024 economic growth is expected to see a 2.8 per cent contraction below the October estimate of 5.6 per…
Aramco to enter South America retail market after acquiring Chile’s Esmax
Saudi Aramco announced on Friday that it has agreed to purchase a 100 percent equity stake in Chile’s Esmax…
H&M to launch stores, online trade in Brazil by 2025
H&M to launch stores and online trade in Brazil by 2025, the fashion retailer announced on Monday.
Justin Trudeau invites Taylor Swift to tour in Canada
The Canadian Prime Minister Justin Trudeau personally invited American singer Taylor Swift to bring her Eras Tour…
Climate change to cost Latin America 16% of its GDP
Climate change could possibly cost Latin America 16 percent of its GDP by the end of the century, unless new…
Egypt engineering industry hopes to boost exports to Nile Basin, Latin America
Egypt’s engineering industry chamber is looking to increase the country’s presence in eastern Africa, notably in…
Abraaj Group to double Latin America investments through 2021
Abraaj Group, one of the largest private equity investors in developing markets, will double its assets under…
Brazil’s acting president briefed US diplomats: WikiLeaks
Brazil's new acting president Michel Temer gave political briefings to US diplomats ahead of elections in 2006,…
Corruption twist boosts Brazil’s ‘president in waiting’
An explosive new twist in Brazil's corruption and impeachment crisis has weakened President Dilma Rousseff days…
Brazil in crisis after Rousseff impeachment vote
Brazil woke Monday to deep political crisis after lawmakers authorized impeachment proceedings against President…
Brazil launches Rousseff impeachment debate ahead of Summer Olympics
Brazilian lawmakers launched an impeachment debate Friday that could topple President Dilma Rousseff, in a…
Brazil arrests Facebook executive in row over police access to data
Brazilian police arrested the vice president of Facebook for Latin America on Tuesday after the social media giant…
Alfa, Harbour Energy to buy Pacific Rubiales for $5 billion: source
Mexican conglomerate Alfa Sab de CV (ALFAA.MX) and Harbour Energy Ltd have agreed to acquire Canadian oil and gas…
AT&T To Expand In Latin America With America Movil Deal
AT&T Inc is planning to announce on Wednesday that it will expand its Latin American reach for business…
Munich Re Expands Co-Operation with IFC and World Bank
Munich Re and the International Finance Corporation (IFC), a member of the World Bank Group, have concluded an…
Nokia, WB’s Infodev Unveil Collaboration With Mobile Innovation Hubs in Africa, Asia,…
Nokia, AppCampus and infoDev, a global innovation program of the World Bank, today announced a collaboration with…
HSBC Bank Holds First Board Meet
HSBC Bank Oman SAOG held its first Board of Directors’ meeting under the chairmanship of Simon Cooper, CEO of HSBC…
Mexico’s Slim Sticks To Offer In Raid On KPN
Mexican tycoon Carlos Slim stuck to his bid of 8 euros per share for a bigger stake in Dutch telecom firm KPN on…