Latin America

Monday, April 20th 2020 - 08:41 UTC
Chile has more than 10.000 virus tested positive cases; Magallanes Region, 553

Chile reported on Sunday that there were more than 10,000 people in the country with the coronavirus, the third-highest tally in Latin America, as the disease ravages the economy of the world's top copper producer.
Saturday, April 18th 2020 - 08:56 UTC
Overwhelmed by the pandemic, Ecuador on the cliff of a US$ 17bn default

The coronavirus outbreak in Ecuador is increasing pressure on President Lenin Moreno to default on US$ 17 billion in debt and devote more resources toward fighting a pandemic that has left bodies in the streets of the nation’s largest city.
Wednesday, April 15th 2020 - 13:14 UTC
As demand from China and G7 members plunges, LAC faces sharp decline in growth, World Bank report

The Latin America and Caribbean (LAC) region is seeing a sharp decline in growth due to the COVID-19 (coronavirus) crisis, which requires several policy responses to support the most vulnerable, avert a financial crisis, and protect jobs, according to a new report from the World Bank.
Wednesday, April 15th 2020 - 13:00 UTC
“A bomb” hit Ecuadorean city of Guayaquil: “no space for the living or the dead”

Ecuador's economic capital Guayaquil is reeling from the most aggressive outbreak of COVID-19 in Latin America after the pandemic hit the city “like a bomb,” its mayor said. Cynthia Viteri has emerged from her own bout with the virus to battle the worst crisis the port city of nearly 3 million people has known in modern times.
Wednesday, April 15th 2020 - 12:48 UTC
A 99 year old Brazilian WW2 veteran released from hospital after “defeating” COVID-19

A 99-year-old World War II veteran in Brazil was released from the hospital with military honors on Tuesday after recovering from COVID-19. Second Lieutenant Ermando Piveta, who served in the Brazilian artillery in Africa during World War II, was brought out of the Armed Forces Hospital in Brasilia to a burst of trumpet music and applause.
Tuesday, April 14th 2020 - 19:31 UTC
IMF: Uruguay's economy will fall 3% in 2020; Latin America's, 5.2%

According to the estimates of the International Monetary Fund (IMF), the Uruguayan economy will decrease by 3% this 2020. The “great closure” has been how the international body has defined, as the title of its World Economic Outlook, government measures against the global pandemic caused by the COVID-19.
Monday, April 13th 2020 - 12:22 UTC
Latam Brazil CEO: “We expect demand to return to pre-crisis levels in two to three years”

In a general sense, airlines around the world have already realized the short-term effects and the best way to survive the coronavirus crisis. Now, another vital question faces the industry: how demand for air travel will behave after the pandemic is under control?
Monday, April 13th 2020 - 10:20 UTC
LATAM suspends all international flights until May

Latin America's biggest airline, the Brazilian-Chilean group LATAM, is suspending all international flights until May because of the coronavirus pandemic.
Monday, April 13th 2020 - 10:18 UTC
Following transgender complaints, Peru cancels “gender-based lockdown”

Peru canceled a controversial measure restricting public movement by gender to try to curb the spread of the new coronavirus, after just over a week. A decree in the official gazette stated that instead of men and women leaving their homes on alternate days “to buy food, pharmaceutical products and perform financial operations, only one person per family unit can move from Monday to Saturday.”
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.