Latin America

• Wednesday, June 10th 2020 - 22:01 UTC

  Airline industry losses forecasted to top US$84 billion in 2020, estimates IATA

  

  Passenger revenues are expected to fall to US$241 billion (down from US$ 612 billion in 2019). This is greater than the fall in demand, reflecting an expected 18% fall in passenger yields as airlines try to encourage people to fly again through price stimulation. Load factors are expected to average 62.7% for 2020, some 20 percentage points below the record high of 82.5% achieved in 2019.

• Tuesday, June 9th 2020 - 05:24 UTC

  Maduro restricts the return of Venezuelan migrants and considers them a threat

  

  The Nicolás Maduro regime blames Venezuelan migrants for the increase in the spread of the coronavirus in Venezuela while hundreds of these emigrants, pushed by their limited survival options, remain stranded in makeshift camps in different cities of Colombia waiting to be able to cross into their country.

• Sunday, June 7th 2020 - 09:18 UTC

  Brazilian Real rebounding strongly after months of erosion; central bank forecasted to further cut Selic rate

  

  The Brazilian Real and Mexican peso have both rebounded strongly in recent weeks, but their rallies are starting to diverge with the peso running out of steam and the Real gaining momentum.

• Friday, June 5th 2020 - 09:42 UTC

  The flourishing business of coffin making in Peru… with Venezuelan labor

  

  As the coronavirus-hit economy of Peru stagnated over the past three months, Lima coffin-maker Genaro Cabrera has seen his sales quadruple. “I never imagined working to such an extreme,” Cabrera said at his factory in the rundown district of San Juan de Lurigancho.

• Friday, June 5th 2020 - 08:25 UTC

  Ecuador sovereign bond holders form a committee to begin negotiations

  

  Holders of Ecuador sovereign bonds have formed a committee to hold talks with the country's government on a potential re-profiling of the country's external debt, the group said in a statement on Thursday.

• Thursday, June 4th 2020 - 07:47 UTC

  Qatar Airways pledge of support sends Latam Airlines stock soaring

  

  Latam Airlines registered a significant rise Tuesday and Wednesday on the Santiago Stock Exchange, rising 37.63% and 16%, which is attributed to the support that its partner Qatar Airways, who owns 10% of the Chilean airline, disclosed.

• Wednesday, June 3rd 2020 - 08:05 UTC

  WHO's Americas branch PAHO calls on US to keep countries in the region combat the pandemic

  

  The World Health Organization's (WHO's) regional director for the Americas urged the United States on Tuesday to keep helping countries in the region to fight the novel coronavirus even as the Trump administration leaves the UN agency.

• Tuesday, June 2nd 2020 - 08:03 UTC

  Mexican workers return to work at the automotive factories

  

  Tens of thousands of workers lined up before dawn to return to work at automotive factories along Mexico's northern border on Monday, the first day that industries joined the country's list of essential activities beginning to reopen.

• Tuesday, June 2nd 2020 - 07:58 UTC

  Storm in Central America leaves at least 18 dead, and hundreds homeless

  

  Emergency workers were searching for seven people still missing Monday as El Salvador and its Central American neighbors picked through the destruction after the first-named Pacific storm of the year left at least 18 people dead.

• Friday, May 29th 2020 - 08:45 UTC

  Peruvian mining sector activity expected to fall by 15% this year

  

  Production in Peru’s mining sector will fall by at least 15% this year, representing a loss in revenues of up to US$ 5 billion, due to disruptions caused by the coronavirus pandemic, a top mining executive said on Wednesday.