Latin America

Friday, July 17th 2020 - 07:35 UTC
US shuts borders with Mexico and Canada until August 20

United States Homeland Security Acting Secretary Chad Wolf announced on Thursday that borders with Mexico and Canada would remain shut to most travel, to stem the spread of the coronavirus, for another month to Aug 20.
Friday, July 17th 2020 - 07:19 UTC
Peruvian president reshuffles cabinet following the harsh economic impact of the pandemic

Peruvian President Martín Vizcarra undertook a major government reshuffles this week, replacing more than half his cabinet as his popularity has taken a hit due to the harsh economic impact of the coronavirus pandemic and a lengthy lockdown.
Thursday, July 16th 2020 - 09:33 UTC
Bolivian president and at least seven cabinet ministers and lawmakers tested positive for coronavirus

Bolivia's government has been rocked by the novel coronavirus, with the president and at least seven of her Cabinet ministers testing positive, straining the interim leadership and casting a shadow over a slated election rerun in under two months.
Thursday, July 16th 2020 - 07:18 UTC
After four months suspension, Peru reopens domestic air travel

Peru reopened domestic air travel on Wednesday in a bid to reignite the economy as it announced a drop of 33% in GDP for May year-on-year. Long queues of passengers formed from dawn at the Jorge Chavez airport in the capital Lima with 17 domestic flights operating during the day.
Wednesday, July 15th 2020 - 08:56 UTC
Ecuador's US$ 17,4bn debt restructuring plan faces divided bondholders

Ecuador’s government will likely have to sweeten its offer to creditors in order to reach an agreement to restructure US$ 17.4 billion in bonds, say analysts. The government’s proposal already has the backing of one group of creditors, holding around half of the bonds and including AllianceBernstein, Ashmore and BlackRock.
Wednesday, July 15th 2020 - 08:55 UTC
Exxon resumes drilling in Guyana; local politics battle over the future oil revenue

Exxon Mobil resumed drilling in Guyana last month, underscoring its dedication to the offshore hotspot despite the oil price crash and a messy turn in local politics.
Wednesday, July 15th 2020 - 08:52 UTC
Canadian investors question Mexican government energy policy, which privileges the state's role

As Mexico celebrated a new trade deal with the United States and Canada on July 1, a group of Canadian energy investors warned their government that Mexico could already be violating the agreement for failing to respect contracts.
Tuesday, July 14th 2020 - 09:59 UTC
Latin America death toll from coronavirus now exceeds North America

The number of deaths from the coronavirus in Latin America has exceeded the figure for North America for the first time since the start of the pandemic. Latin America had by Monday seen at least 144,680 deaths so far, compared to 143,847 deaths in North America - comprising Canada and the United States - according to official counts.
Monday, July 13th 2020 - 09:58 UTC
Despite strict quarantine, Argentina exceeds 100,000 cases of Covid-19 infections

Argentina exceeded 100,000 cases of novel coronavirus infections on Sunday as it struggles to contain spiraling case rates despite an almost four-month strict quarantine imposed on the capital Buenos Aires and its surroundings. The health ministry said 2,657 new cases confirmed overnight took the total to 100,166.
Monday, July 13th 2020 - 09:55 UTC
Latam Brazil joins other parts of the group and enters Chapter 11 protection

Latam Airlines Brazil has joined other parts of the airline group in entering Chapter 11 bankruptcy protection as it took a further step to securing required financing to complete its restructuring.