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Brazil economists cut end-2026 interest rate forecast to 13.50%
South America

Brazil economists cut end-2026 interest rate forecast to 13.50%

SAO PAULO, Sept 21 (Reuters) - Private-sector economists polled weekly by Brazil's central bank lowered their estimate for the country's benchmark interest rate at the end of 2026, now expecting one a

GFM News 2 days ago
Bolivia approves $1.9 billion IMF deal in hopes of accessing external financing
South America

Bolivia approves $1.9 billion IMF deal in hopes of accessing external financing

LA PAZ, Sept 18 (Reuters) - Bolivian lawmakers approved an agreement on Friday that will allow the South American country to access $1.9 billion in financing from the International Monetary Fund (IMF)

GFM News 4 days ago
Chile weighs ethanol-gasoline blend as government seeks cheaper fuels amid fiscal strains
South America

Chile weighs ethanol-gasoline blend as government seeks cheaper fuels amid fiscal strains

Sept 17 (Reuters) - Chile, one of Latin America's largest oil importers, has started to consider adopting ethanol-blended gasoline as spiking oil prices this year have strained the economy and governm

GFM News 4 days ago
Venezuela nears deal to move $4 billion gold reserve to New York, FT says
South America

Venezuela nears deal to move $4 billion gold reserve to New York, FT says

Sept 18 (Reuters) - The Venezuelan government and opposition are close to an agreement to transfer the central bank's ⁠gold reserves, worth about $4 billion, to the Federal Reserve Bank of New York fr

GFM News 5 days ago
Revolut wins Colombia bank license, targeting 2027 launch
South America

Revolut wins Colombia bank license, targeting 2027 launch

BOGOTA, Sept 15 (Reuters) - British fintech Revolut said on Tuesday it had obtained a banking license in Colombia, according to a company statement. The company plans to ⁠start operations in the Sout

GFM News 7 days ago
Brazil's July activity falls more than expected ahead of rate decision
South America

Brazil's July activity falls more than expected ahead of rate decision

SAO PAULO, Sept 16 (Reuters) - Economic activity in Brazil fell by a seasonally adjusted 0.2% in July from the previous month, a central bank index showed on Wednesday, compared with expectations for

GFM News 7 days ago
Brazilian Indigenous leader Chief Raoni diagnosed with cancer
South America

Brazilian Indigenous leader Chief Raoni diagnosed with cancer

Sept 14 (Reuters) - Brazilian Indigenous Chief Raoni Metuktire, a prominent defender of Indigenous rights and the Amazon rain forest, has been diagnosed with cancer, the Chief's non-profit organizatio

GFM News 9 days ago
Ecuador appoint Gallardo as national team head coach
South America

Ecuador appoint Gallardo as national team head coach

Sept 13 (Reuters) - Ecuador have appointed Argentine Marcelo Gallardo as head coach of the national team, the Ecuadorian Football Federation said on Sunday. Gallardo succeeds compatriot Sebastian Bec

GFM News 10 days ago
Brazilian top court unseals probe into multibillion-dollar bank fraud
South America

Brazilian top court unseals probe into multibillion-dollar bank fraud

BRASILIA/SAO PAULO, Sept 11 (Reuters) - Brazil's Chief Justice Edson Fachin ordered the unsealing on Thursday of thousands of pages from a probe into an alleged multibillion-dollar fraud centered on f

GFM News 11 days ago
Brazil court crisis deepens as justice orders federal police chief suspended
South America

Brazil court crisis deepens as justice orders federal police chief suspended

RIO DE JANEIRO/BRASILIA, Sept 8 (Reuters) - Brazil's escalating Supreme Court crisis deepened on Tuesday as Justice Andre Mendonca ordered the suspension of federal police chief Andrei Rodrigues, citi

GFM News 15 days ago
Australia's Santos acquires additional 3.3% interest in Papua LNG
South America

Australia's Santos acquires additional 3.3% interest in Papua LNG

Sept 7 (Reuters) - Australia's Santos (STO.AX), opens new tab said on Monday it had acquired an additional 3.3% stake in the Papua LNG project from France's TotalEnergies (TTEF.PA), opens new tab for

GFM News 15 days ago
Colombia 12-month inflation edges up more than expected in August
South America

Colombia 12-month inflation edges up more than expected in August

BOGOTA, Sept 7 (Reuters) - Colombia's consumer prices rose 0.39% in August, the country's DANE statistics agency said on Monday, taking annual price growth to 6.24%. The August figure was above the 0

GFM News 16 days ago
Brazilian court suspends licenses for Sigma Lithium mine
South America

Brazilian court suspends licenses for Sigma Lithium mine

RIO DE JANEIRO, Sept 6 (Reuters) - A Brazilian judge ordered the suspension of environmental licenses and mining activities at Sigma Lithium's (SGML.V), opens new tab Grota do Cirilo mine, a court doc

GFM News 17 days ago
CTT, Cajamar Are Said to Break Off Talks Over Banco CTT Deal
South America

CTT, Cajamar Are Said to Break Off Talks Over Banco CTT Deal

CTT - Correios de Portugal and BCC-Grupo Cooperativo Cajamar have ended talks over a potential acquisition of Banco CTT by the Spanish lender, according to people familiar with the matter. The partie

GFM News 19 days ago
Venezuela August inflation slows to 8.9%, central bank says
South America

Venezuela August inflation slows to 8.9%, central bank says

Sept 4 (Reuters) - Venezuela's inflation slowed to 8.9% in August, central bank ⁠data showed on Friday, down from 19.9% the previous month. Year-on-year ⁠inflation stood at 534.21%, according ⁠to Reu

GFM News 19 days ago
Venezuela's assembly backs oil deal announced with U.S.
South America

Venezuela's assembly backs oil deal announced with U.S.

CARACAS, Sept 1 (Reuters) - Venezuela's ruling party-dominated National Assembly backed the country's oil deal with the Trump administration in a vote on Tuesday, ahead of a visit to Caracas by the U.

GFM News 20 days ago
Resistance to Bolivia IMF deal grows as groups meet over fuel crisis
South America

Resistance to Bolivia IMF deal grows as groups meet over fuel crisis

LA PAZ, Sept 3 (Reuters) - Opposition to Bolivia's $1.9 billion International Monetary Fund (IMF) program is gaining traction as civic groups, unions and business leaders increasingly link fuel shorta

GFM News 20 days ago
Brazil's Vale drops IPO plans for critical minerals unit, The Globe and Mail reports
South America

Brazil's Vale drops IPO plans for critical minerals unit, The Globe and Mail reports

Sept 3 (Reuters) - Brazilian miner Vale SA (VALE3.SA), opens new tab is shelving plans for an IPO of its critical minerals unit, Vale Base Metals, amid political pushback in Brazil over the country po

GFM News 20 days ago
Brazil may make spending on some social programs non-mandatory, finance minister says
South America

Brazil may make spending on some social programs non-mandatory, finance minister says

BRASILIA, Aug 31 (Reuters) - Brazil's Finance Minister Dario Durigan said on Monday that some social programs could eventually cease to be purely mandatory expenditures, a move he said would give poli

GFM News 23 days ago