Page 2 - Latin America

Global central banks considering different interest-rate cut policies

ECB policymakers led by President Christine Lagarde have insisted they're comfortable plowing a separate furrow from the Federal Reserve

India-Chile free-trade agreement talks may begin after Lok Sabha polls

A trade deal with Chile will give India greater access to Latin American region

'Exports to Europe, Latin America register healthy growth in 2023'

Indian exporters made further inroads in European and Latin American nations in 2023, registering healthy growth in countries such as Romania, Montenegro, Austria, and Guatemala, an official said on Friday. India's merchandise export rose 2.1 per cent to the European Union (EU) in 2023 despite headwinds being faced by large developed markets like the EU and the UK due to high cost of living, weak external demand, and monetary tightening, the commerce ministry official said. "India's export trade expansion has been impressive inspite of global challenges in 2023," the official said. India's merchandise exports have recorded healthy growth in European nations like Romania, Czech Republic, Montenegro, Finland, the Netherlands, Portugal, Luxemburg, Iceland, Ireland, and Austria. "The growth points towards India's trade resilience and growth despite prevailing uncertainties and deceleration of the economies in Europe," the official added. Similarly, in Latin American countries, India's

Decision Point acquisition will help expand into Latin America: LatentView

Digital analytics consulting and solutions company LatentView Analytics will pick up 70 per cent stake in Decision Point for USD 39.1 million, marking its foray into the Latin American market. Established in 2012, Decision Point is a leader in Artificial Intelligence-led Business Transformation and Revenue Growth Management (RGM) solutions, which has an employee base of over 300. Chennai-based LatentView Analytics, in a statement on Friday, said it would acquire the remaining 30 per cent stake in Decision Point over the next two years. "Decision Point's strength is in Revenue Growth Management solutions that help companies achieve sustainable and profitable growth, with data being the primary factor in this acquisition. This deal will bring 300-plus highly skilled employees into LatentView's CPG (Consumer Packaged Goods) practice and help us expand into the Latin America market," LatentView Analytics CEO Rajan Sethuraman said. Gurugram-headquartered Decision Point has over a decade

Devaluation of Argentine Peso results in negative impact on Q3 sales: GCPL

FMCG maker Godrej Consumer Products Ltd (GCPL) on Friday said the devaluation of the Argentine Peso by the recently elected government in Argentina has resulted in a "negative mid-single digit impact" on its consolidated sales for the December quarter. The new Argentinian government is taking various measures to improve the economic conditions and one of them was to devalue the Argentine Peso to the US Dollar. In December 2023, the Argentine Peso to the US Dollar was devalued from 361 to 808, as the Argentinian economy is facing hyperinflationary pressures. The IndAS 29 (Indian accounting standards) mandates the YTD statement of Profit and Loss to be translated at the closing rate for presentation in consolidated financial statements, said the Godrej Group FMCG arm in a regulatory statement. It mandates all amounts to be restated into the measuring unit at the end of the reporting period by applying a general price index. "Hence, the impact of the devaluation of the Argentine Peso

US inflation data may offer some comfort to the Fed, CPI may rise 0.2%

Compared with a year earlier, the Labor Department's underlying gauge is forecast to rise 4.8 per cent, according to the median projection in a Bloomberg survey of economists

EAM S Jaishankar bats for deeper bilateral India-Latin America engagement

External Affairs Minister S Jaishankar on Thursday pitched for deeper two way engagement between India, and Latin America and the Caribbean (LAC) especially in areas of agriculture, supply chain diversification and resource partnership. In an address at an event, he said New Delhi's overall ties with the region have moved on a "new trajectory" in the last nine years and there was scope to further consolidate the relations in a range of areas. "We must ensure that distance is no longer an impediment for stronger ties," he said. Jaishankar said bilateral trade has surged close to USD 50 billion during the financial year 2022-23 and it is a testament to both the strength and potential to our economic partnership". "Over the last nine years, since Prime Minister Narendra Modi has been at the helm, our ties have actually moved on a new trajectory," he said. The external affairs minister was speaking at the ninth CII India-LAC Conclave on the theme 'Furthering Economic Partnerships for

From Africa to Latin America, trade in local currencies on the cards

Move comes after RBI-UAE Central Bank inks historic pact last week

Son owes SoftBank $5.2 bn on side deals post losses at Vision Fund unit

His unrealized losses widened by about $130 million from three months before, with most of the deficit linked to the Latin America fund

India's exports to Latin America likely to be highest in a decade in FY23

Exports crossed $16 billion as of February; trade deficit shrinking from pre-pandemic levels

India's trade with Latin America approaching a volume of $50 bn: Jaishankar

Underlining India's growing investments, he said, "Surge in investments in the energy sector, India today imports crude from Brazil, Mexico, Colombia and Guyana"

Well-positioned to serve as India's hub to LatAm: Panama foreign minister

'Panama may be a small country, but it has long punched above its weight'

LIVE: Akali Dal patriarch Parkash Singh Badal passes away at 95

Catch live updates from across the globe here

Jaishankar's 4-nation visit to Central and Latin America begins today

External Affairs Minister (EAM) S Jaishankar is on a four-nation Central and Latin America visit beginning today.The EAM will make official visits to Guyana (April 21-23), Panama (April 24-25), Colombia (April 25-27) and the Dominican Republic (April 27-29), the Ministry of External Affairs (MEA) said.The EAM will visit the Caribbean nation, Guyana from April 21-23, where he will be calling on the leadership and interacting with several Ministers.He will be co-chairing the Joint Commission Meeting with his counterpart, Hugh Hilton Todd which will entail discussions on the whole gamut of issues between the two countries. The EAM's visit to Guyana would also be an opportunity for a meeting of Foreign Ministers in the India-COFCOR (Council on Foreign and Community Relations (COFCOR); a group of 15-member Caribbean Community (CARICOM)) format and hold bilateral meetings with participating Ministers, according to the MEA official press release.Following his visit to Guyana, Jaishankar will

Jaishankar to visit 4 countries in Latin America, Caribbean from Apr 21-29

External Affairs Minister S Jaishankar will embark on a nine-day trip to Guyana, Panama, Colombia and the Dominican Republic beginning Friday to explore bilateral cooperation in new areas. It will be Jaishankar's first visit as the external affairs minister to these countries in Latin America and the Caribbean. The Ministry of External Affairs (MEA) said Jaishankar's visit to the four countries would provide an opportunity to continue high-level contacts with Latin America and the Caribbean nations and explore new areas of cooperation in a whole host of areas, particularly in the post-pandemic scenario. It said the minister will visit Guyana from April 21 to 23, Panama from April 24 to 25, Colombia from April 25 to 27 and the Dominican Republic from April 27 to 29. In Guyana, Jaishankar will call on Guyana's leadership and interact with several ministers, the MEA said on Wednesday, announcing the visit. "The external affairs minister's visit to Guyana would also be an opportunity

Argentina records 98.8% year-on-year inflation in January, shows data

Transportation (5.9 per cent), home equipment and maintenance (5.4 per cent), and health (4.9 per cent) also reported strong monthly hikes

ONGC Videsh eyes oil, gas 'hot spots' in Africa, Latin America, says MD

It's better to invest in bigger hot spots where you can get larger discoveries... Africa and Latin America still hold a lot of potential. Ghana is there, Suriname is there

Brazilian President Silva fires army chief in aftermath of capital uprising

President Luiz Inacio Lula da Silva fired Brazil's army chief on Saturday amid concerns over threats to the country's democracy following the January 8 uprising in the capital by far-right protesters. The official website of the Brazilian armed forces said Gen. Julio Cesar de Arruda had been removed as head of the army. He was replaced by Gen. Toms Miguel Ribeiro Paiva, who was head of the Southeast Military Command. In recent weeks, the military has been targeted by Lula after supporters of former President Jair Bolsonaro stormed through government buildings and destroyed public property. Lula said several times in public that there were definitely people in the army who allowed the rioting to occur.

Exports of Grand Vitara commence; first shipment goes to Latin America

Maruti Suzuki India aims to export the model to more than 60 countries across Latin America, Africa, Middle East, ASEAN and neighboring regions

Insiders enabled capital riots: Brazilian President Lula da Silva

'I am convinced that the door to the Planalto palace was opened so these people could get in because I didn't see the front door had been broken down'