Trump nominee elected to head Latin American development bank

© Reuters. FILE PHOTO: Visitors walk past a screen with the logo of Banco Interamericano de Desarrollo at the Atlapa Convention Center in Panama City By Andrea Shalal and Cassandra Garrison WASHINGTON/BUENOS AIRES (Reuters) – U.S. President Donald Trump’s nominee on Saturday won election as president of the Inter-American Development Bank, the region’s main economic […]

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Uber launches grocery delivery in Latin America, Canada with U.S. to follow

© Reuters. FILE PHOTO: Uber’s logo is pictured at its office in Bogota By Tina Bellon (Reuters) – Uber Technologies (NYSE:) Inc on Tuesday further expanded delivery offerings, launching an app-based grocery service in several Latin American and Canadian cities, with the United States to follow later this month. The company’s latest foray into the […]

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Latin America grabs world spotlight for airline bankruptcies

© Reuters. Outbreak of the coronavirus disease (COVID-19), in Sao Paulo By Marcelo Rochabrun SAO PAULO (Reuters) – LATAM Airlines (SN:) and Avianca Holdings (CN:) survived the Great Depression, but just a few weeks of quarantines forced both companies into bankruptcy, marking Latin America as the world’s top spot for airline financial ruin. Their bankruptcy […]

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Hunger stalks Latin America’s street vendors as empty sidewalks mean no customers

4/4 © Reuters. A stall with security elements is seen in the street market, during a preventive quarantine after the outbreak of the coronavirus disease (COVID-19), in Santiago 2/4 By Fabian Cambero and Daina Beth Solomon SANTIAGO/MEXICO CITY (Reuters) – In the usually bustling streets of the downtown Santiago this week, Chilean great-grandmother Luz Maria […]

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Latin America’s oil producers sweat to cover costs as price war takes toll

2/2 © Reuters. The logo of Mexican oil company Pemex is pictured at Reynosa refinery, in Tamaulipas state 2/2 By Marianna Parraga MEXICO CITY (Reuters) – A price war between the world’s oil powerhouses is leaving many producers in Latin American struggling to cover production costs, boosting the chances of output cuts and investment delays […]

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