Latin America

Monday, April 13th 2020 - 10:15 UTC
Mexico has its oil protected by a sovereign hedge ensuring against low prices

While Mexico and Saudi Arabia fought over a deal to bring the oil-price war to an end, Mexico has a powerful defense: a massive Wall Street hedge shielding it from low prices. The Mexican sovereign oil hedge, which ensures the country against low prices and is considered a state secret, is a factor that may make the country less inclined to accept the OPEC+ agreement.
Monday, April 13th 2020 - 09:34 UTC
Pandemic doesn't stop murdering journalists in Mexico

A Mexican journalist who disappeared over a week ago in the southern state of Guerrero was found dead close to where his family last saw him, the local prosecutor said on Saturday. Forensic tests on human remains in the seaside resort of Acapulco were identified as belonging to Victor Fernando Alvarez, who disappeared on Apr 2.
Monday, April 13th 2020 - 08:49 UTC
Peruvian police arrest Chinese citizen illegally conducting COVID-19 tests with stolen kits

Police in Lima on Sunday arrested a Chinese citizen for illegally conducting rapid COVID-19 tests on the public with newly-delivered kits stolen from Peru's health ministry. Zhang Tianxing, 36, was arrested in the Brena district of Lima as he was about to take samples from two women at the door of their house, police said.
Thursday, April 9th 2020 - 12:44 UTC
Thousands arrested in Central America for violating quarantine rules

Thousands of people have been detained across Central America for violating rules put in place by their governments to curb the fast-spreading new coronavirus in a region that has fewer medical resources than developed countries.
Thursday, April 9th 2020 - 09:47 UTC
Peru launches economic stimulus plan equivalent to 12% of its GDP

While Latin America’s two largest economies, Brazil and Mexico, fret over the wisdom of pursuing large economic stimulus packages that could erode fiscal targets, Peru is going big and getting rewarded.
Wednesday, April 8th 2020 - 12:24 UTC
3M reaches agreement with Trump administration to export masks to Canada and Latin America

Manufacturing giant 3M said it has an agreement with the Trump administration that will allow the company to continue to export N95 protective masks to Canada and Latin America amid the coronavirus pandemic.
Wednesday, April 8th 2020 - 11:20 UTC
PAHO Director calls for protection of health workers of the Americas

Warning that cases of novel coronavirus (COVID-19) have more than doubled in a week in the Region of the Americas, Pan American Health Organization (PAHO), Director Carissa F. Etienne urged countries to take measures that protect health care workers to ensure they have access to the personal protective equipment and supplies they need to care for patients affected by the disease.
Monday, April 6th 2020 - 11:22 UTC
“Greg Mortimer” off the coast of Uruguay has 81 passengers tested positive

Eighty-one people on the Greg Mortimer cruise ship, which has been stranded off the coast of Uruguay for almost two weeks and has over 90 Australians on board, have tested positive for coronavirus.
Saturday, April 4th 2020 - 08:36 UTC
Ecuador's health system has collapsed: bodies of dead in the streets of Guayaquil

The authorities in Ecuador have collected at least 150 bodies of people who died due to the coronavirus from the streets and homes of Guayaquil, the main port city in the country. The latest data reveals that there have been at least 3,100 have tested positive for COVID-19.
Saturday, April 4th 2020 - 08:08 UTC
World Bank US$ 35 million emergency loan for Argentina to combat coronavirus

The World Bank Board of Directors today approved a US$ 35 million emergency loan to support the Argentine government efforts to minimize the impact of the COVID-19 pandemic on the health system through the procurement of medical supplies and equipment. This financing forms part of a World Bank fast track package of up to US$ 14 billion to help countries cope with the health and economic impacts of the COVID-19 pandemic.