South/Central America

Amazon and Vrio to Challenge Starlink with Satellite Internet Launch in South America by 2025

Amazon and Vrio plan to deploy 3,236 low Earth orbit satellites to provide broadband internet to South American countries, directly competing with Elon Musk's Starlink.

US Sanctions Former Exxon Contractor, Public Official in Guyana Over Alleged Fraud and Bribery

The US has sanctioned a Guyanese mining mogul over accusations of tax fraud and bribery...

TSA Issues Apology for Unannounced Cuban Delegation Visit to Miami Airport

The Transportation Security Administration (TSA) apologized to the officials of Miami after its agents gave a tour to a delegation from Cuba, currently a regional adversary of the United States...

Walmart Plans to Invest $700 Million in Guatemala Over the Next 5 Years

Walmart plans to invest around $700 million in Guatemala over the next five years...

Latest News

Google Grants UNICEF $1.5 Million and Manpower to Combat Zika Virus
Google grants UNICEF a total of $1.5 million in its battle with Zika virus which has been declared an epidemic by WHO last month. The virus has been linked with microcephaly and neurological illness c
Argentina to issue $15-bln bonds, returns to credit markets
Argentina is planning to issue $15-bilion bonds making it the largest sum by any developing nation since 1996. Country's new President Mauricio Macri-led government will use funds mobilized through bo
Hedge fund investor Paul Singer wins 13-year battle with Argentina
The legal battle running for 13 years between hedge fund investor Paul Singer and Argentina is over as both the parties have reached to an agreement. Singer's Elliott Management will get $4.65 billion
CaixaBank may acquire Isabel Dos Santos' stake in BPI
Spain-based Caixabank is planning to buy the stake of Isabel Dos Santos in Portugal's Banco BPI SA. The negotiations over the acquisition are still going on and may be completed soon.
Scotiabank's profit soars on global banking
Canada-based Bank of Nova Scotia witnessed a strong profit surge as banking activity in domestic and international operations rose. Scotiabank has increased provision for bad loans in the oil and gas
Peru's central bank ups reserve ratio for Sol currency
Central Reserve Bank of Peru is increasing local currency bank reserve requirements (reserve ratio) to support its weakening currency Nuevo Sol. The capital reserve ratio will be one percent from Marc
Petrobras Absorbs Shock On Latest Downgrading By Moody’s- Securing $10 Billion Loan From China
China has represented itself as a familiar lender to the Latin American Countries and businesses fighting for debts. In a similar approach, it has extended loan facility to Brazilian indebted oil gian
Venezuela’s ‘Gold Dream’ May Get Fettered Over Conclusion of Other ICSID Proceedings
Venezuela has announced on Wednesday reaching a $5 billion venturing deal with Gold Reserves. The government is expecting to enrich its ever decaying foreign currency reserve with the fund under agree
Propery Investors To Face Tough Economic Condition in South Africa
Property investors would face tough economic condition in South Africa due to the economic resession the country is facing. Finance Minister Pravin Gordhan is attempting to overcome this by increasing
Anheuser-Busch InBev Q4 profit drops by 10% due to sluggish US Market
Anheuser-Busch InBev NV has reported a10 percent drop in profit for fourth quarter of 2015. The brewer is suffering from sluggish market in the US. As a result, revenues for fourth quarter fell to $3.
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