Category: South America Market News

Instantly update and podcast South America Market News and Analysis from varies financial media, we summarize all market news from Colombia, Argentina, Peru, Venezuela, Chile, Ecuador, Bolivia, Paraguay, Uruguay, Guyana, Suriname, and provide a sitemap with South America financial news summary for the one who wanted to catch up South America Market change in timely manner.

Brazilian Asset Manager Vinci Expects US$1 Billion Valuation in Nasdaq IPO

[uam_ad id="317182"]RIO DE JANEIRO, BRAZIL - Brazilian asset manager Vinci Partners Investments plans to raise up to US$250 million and reach a US$1 billion valuation in an initial public offering on Nasdaq, according to a securities filing on Tuesday, January 19th. The asset manager will be listed under the ticker VINP.O and set the price range between US$16 and US$18 for each of its class A shares, but...

Brazilian Firm Plans to Export Russian COVID Vaccine to South America

[uam_ad id="317182"]RIO DE JANEIRO, BRAZIL - Brazilian pharmaceutical company União Quimica plans to press ahead with production of Russia’s Sputnik V vaccine with a view to exporting it to other parts of South America. It and Russian sovereign wealth fund RDIF, which is marketing Sputnik V for Russia’s Gamaleya Institute, last week filed for emergency use approval from Brazilian health regulator Anvisa, but were told more documentation was...

Brazil Business Activity in November Grew for 7th Month, but Points to Slower Pace

[uam_ad id="317182"]RIO DE JANEIRO, BRAZIL - The IBC-Br index posted its seventh consecutive monthly rise, according to data released on Monday, January 18th, and rose 0.59% in November. Despite the growth, the rate shows a slowdown compared to preceding months: in October, growth stood at 0.86%, and at 1.29% in September. In June, the strongest month, the increase reached 4.89%. Known as the Gross Domestic Product (GDP) preview,...

Brazilian Economy Growth Forecast 3.45% for 2021; Inflation within 3.75% Target Margin

[uam_ad id="317182"]RIO DE JANEIRO, BRAZIL - Brazilian financial and market analysts upgraded their economic growth forecast for 2021, from 3.41% to 3.45%, and maintained the projection at 2.5% for 2022, the Central Bank of Brazil announced Monday, January 18th. According to the bank's weekly survey of the country's top financial institutions, the analysts also increased estimated inflation for 2021 from 3.34% to 3.43%, but kept it at 3.5%...

Economic Activity in Brazil Grows for 7th Month, but Points to Slower Pace

[uam_ad id="317182"]RIO DE JANEIRO, BRAZIL - The index posted its seventh consecutive monthly rise, according to data released on Monday, January 18th, and rose 0.59% in November. Despite the growth, the rate shows a slowdown compared to preceding months: in October, growth stood at 0.86%, and at 1.29% in September. In June, the strongest month, the increase reached 4.89%. Known as the Gross Domestic Product (GDP) preview, the...

Spectre of unrest, violent repression looming over Haiti, warns UN rights office

According to the office, criminal activities, such as kidnappings, gang fights and widespread insecurity have increased, with “almost total” impunity. Added to the volatile mix is resurging political tensions over the timing and scope of elections and a constitutional referendum proposed by the Government, OHCHR spokesperson Marta Hurtado told journalists at a regular briefing in Geneva.  “Calls for mass protests have been growing. This in turn raises concerns of...

Brazil Soy Harvest Slow to Start after Planting Delays

[uam_ad id="317182"]RIO DE JANEIRO, BRAZIL - Brazilian soy farmers, who started planting late because of dry weather in the final months of 2020, have harvested only 0.4% of the cultivated soybean area this season, agribusiness consultancy AgRural said on Monday, January 18th. Brazil had harvested 1.8% of the sown area at this time last year, AgRural's statement said, though the country sowed a record high of more than...

Brazil Soy Harvesting off to Slow Start After Planting Delays

[uam_ad id="317182"]RIO DE JANEIRO, BRAZIL - Brazilian soy farmers, who started planting late because of dry weather in the final months of 2020, have harvested only 0.4% of the cultivated soybean area this season, agribusiness consultancy AgRural said on Monday, January 18th. Brazil had harvested 1.8% of the sown area at this time last year, AgRural's statement said, though the country sowed a record high of more than...

With Trump leaving, Brazil backtracks in its opposition to Huawei’s 5G bid

With Trump leaving, Brazil backtracks in its opposition to Huawei's 5G bid Tuesday, January 19th 2021 - 09:27 UTC Full article Financial costs and exit of US president Trump are forcing president Bolsonaro, who had opposed Huawei to backtrack on his opposition to Huawei's bid China's telecommunications sector is celebrating that the Brazilian government became the first in the world to backtrack on its opposition to Huawei's 5G...

Brazilian economy forecasted to grow 3,45% this year with 3,75% inflation

Brazilian economy forecasted to grow 3,45% this year with 3,75% inflation Tuesday, January 19th 2021 - 08:29 UTC Full article The benchmark interest rate, Selic, is forecasted to remain 3.25% by the end of 2021 and at 4.75% by the end of 2022 Brazilian financial and market analysts upgraded their economic growth forecast for 2021, from 3.41% to 3.45%, and maintained the projection at 2.5% for 2022, the...

Icebreaker HMS Protector is back to sea after £14m revamp

Icebreaker HMS Protector is back to sea after £14m revamp Tuesday, January 19th 2021 - 09:07 UTC Full article Protector, unique in the Navy’s fleet, spent five months out of the water and was originally due to return in the autumn before heading south The HMS Protector, the only Royal Navy's ice patrol ship, has returned to sea after a £14m revamp to improve her ability to work...

Violent attempt at UN Capitol to ‘overturn’ election, shocking and incendiary: independent UN ex …

Twenty-three Special Rapporteurs and members of Working Groups – unpaid volunteers who are not UN staff – put their names to the statement, in which they strongly affirmed and expressed their “solidarity with the American people who stand for democracy, equality and the rule of law at this critical moment”. De-escalate and unify The group announced that they stand with the democratic outcomes of the 2020 US election, in...
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