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☆ U.S. Mends Fences With El Salvador's Bukele as China Lurks
▼ + stars: | 2024-02-06 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +6 min

Now, more than ever, the U.S. needs Central American nations like El Salvador to curb migration to the southern border. In October, the State Department's top Latin America diplomat, Brian Nichols, visited El Salvador and posed for photos with Bukele. WAITING IN THE WINGSAt the same time, there are growing ties between China and El Salvador. Although of limited commercial importance in itself, El Salvador offers China a foothold in Central America, and in 2017 broke relations with Taiwan in favor of China. "El Salvador wants to do trade with everyone," Bukele said during his victory speech on Sunday night.

Persons: Diego Oré, Sarah Kinosian, Nelson, Nayib Bukele, Jean Manes, Bukele's, Brian Nichols, Antony Blinken, Bukele, Manes, Ana Maria Mendez, Salvadorans, El Salvador, El, Margaret Myers, Diego Ore, Nelson Renteria, Christian Plumb, Rosalba O'Brien Organizations: SALVADOR, Reuters, El Salvador, Central American, U.S, U.S ., Central, State Department's, El, U.S . State Department, Washington Office, U.S . Customs, USAID, The U.S, Inter, Huawei, Washington, Diego Locations: United States, U.S, El Salvador, Latin America, America, China, Honduras, Washington, China's, San Salvador, Central America, Taiwan, Mexico City

☆ Bukele Landslide Shifts El Salvador to One-Party State, Amplifies Democracy Fears
▼ + stars: | 2024-02-05 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +5 min

By Sarah Kinosian and Nelson RenteriaSAN SALVADOR (Reuters) - The landslide re-election of El Salvador President Nayib Bukele was cheered by supporters of his gang crackdown, but has worried opponents who fear the country is sliding into a de facto one-party state. El Salvador had "made history" for electing a single party "in a fully democratic system," he said. But rights groups said they are worried about where the country is headed and forecast further curbs on civil rights. They are just grateful he crushed the gang violence plaguing El Salvador for decades and that they can go outside after dark again. "Democratic spaces are closing in El Salvador, civil society is closing down and there is an environment of fear to speak out," said Claudia Ortiz, a lawmaker who has clashed with Bukele and ran for the upstart Vamos party.

Persons: Sarah Kinosian, Nelson, Nayib Bukele, Bukele, El Salvador, Gabriela Santos, State Anthony Blinken, Daniel Ortega, Gladis Munoz, Claudia Ortiz, Nelson Renteria, Drazen Jorgic, Christian Plumb, Rosalba O'Brien Organizations: SALVADOR, Reuters, El Salvador, U.S, Human Rights, University of Central America, El, State, Bukele Locations: El Salvador, U.S, Central America, El, Nicaragua, Venezuela

☆ Mexican Leak of Journalists' Personal Data Raises Security Worries
▼ + stars: | 2024-01-30 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

Officials said the personal data of at least 263 journalists, whom they did not publicly identify, was illegally accessed and released. The leak exposes the journalists to potential identity theft and could compromise their physical security because the data includes home addresses. "The safety of our journalists is paramount, and we are deeply troubled by this leak of personal data. "What I'm most worried about is possible identity theft and that someone misuses my personal data to commit fraud," said Morales, designated as the paper's spokesman on the matter. Officials informed journalists of the "possible violation" on Monday after some saw images of their personal documents in news reports.

Persons: Brendan O'Boyle, David Alire Garcia, Andres Manuel Lopez Obrador's, Lopez Obrador, Alberto Morales Mendoza, Morales, Sofia Paredes, Christian Plumb, Cynthia Osterman, Neil Fullick Organizations: David Alire Garcia MEXICO CITY, Jornada, El Universal, Reuters, La Jornada Locations: Mexico, Spanish, Mexican

Cobre Panama has said it is committed to growing more new forest than is impacted by its mine. "We aren't going anywhere," Sabino Ayarza, a representative of the protesting fishermen, told Reuters on Tuesday from his boat. Their grassroots movement, nearly unheard of in business-friendly Panama, has wiped C$11 billion ($7.4 billion) off First Quantum's market value and raised global copper prices on supply worries. The protesters' victory in Panama is emblematic of the outsized and sometimes unexpected influence local communities are having on mining companies worldwide. Cobre Panama accounted for about 46% of First Quantum's overall revenue in the third quarter, according to company data.

Persons: Aris Martinez, Sabino Ayarza, Ayarza, Codelco, Valentine Hilaire, Divya Rajagopal, Fabian Cambero, Christian Plumb, Denny Thomas, Nick Zieminski Organizations: REUTERS, Aris, PANAMA CITY, Minerals, Reuters, Panamanian, Tuesday, Scotiabank, Protesters, First, Thomson Locations: Panama City, Panama, PANAMA, TORONTO, Portugal, Peru, Chile, Macquarie, Mexico City, Toronto, Santiago

☆ Some Migrants Are Swapping Their American Dream for a Mexican One
▼ + stars: | 2023-11-24 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +5 min

So when Banegas fled gang threats in Honduras once more in 2021, he set his sights not on the United States, but Mexico. He gets along with his Mexican coworkers, he said, and he's proud his six-month-old son, David, is a Mexican citizen. The vast majority of migrants who enter Mexico continue north toward the U.S., posing challenges for the Biden administration. U.S., Mexican and U.N. officials have called for regional cooperation to help migrants resettle in places such as Mexico, Costa Rica and Colombia, aiming to reduce illegal migration to the U.S. (Reporting by Daina Beth Solomon in Mexico City and Laura Gottesdiener in Saltillo; Editing by Christian Plumb and Suzanne Goldenberg)

Persons: Laura Gottesdiener, Beth Solomon, Walter Banegas, Banegas, Long, he's, David, Biden, Giovanni Lepri, Arturo Rocha, Jose Medina Mora, Fernando Hernandez, Kaitlyn, Hernandez, Daina Beth Solomon, Christian Plumb, Suzanne Goldenberg Organizations: United, Pace Industries, UNHCR, U.S, ASK Locations: Beth Solomon SALTILLO, Mexico, Mexican, Saltillo, Honduran, Honduras, United States, United Nations, Michigan, U.S, Haiti, Venezuela, El Salvador, Cuba, Costa Rica, Colombia, Texas, Monterrey, Chang's, Mexico City

So when Banegas fled gang threats in Honduras once more in 2021, he set his sights not on the United States, but Mexico. He gets along with his Mexican coworkers, he said, and he's proud his six-month-old son, David, is a Mexican citizen. 'VERY SOLID OPTION'A decade ago, a few hundred people annually received asylum in Mexico. The vast majority of migrants who enter Mexico continue north toward the U.S., posing challenges for the Biden administration. U.S., Mexican and U.N. officials have called for regional cooperation to help migrants resettle in places such as Mexico, Costa Rica and Colombia, aiming to reduce illegal migration to the U.S.

Persons: Walter Banegas, Daniel Becerril, Banegas, Long, he's, David, Biden, Giovanni Lepri, Arturo Rocha, Jose Medina Mora, Fernando Hernandez, Kaitlyn, Hernandez, Daina Beth Solomon, Laura Gottesdiener, Christian Plumb, Suzanne Goldenberg Organizations: Pace, REUTERS, Rights, United, Pace Industries, UNHCR, U.S, ASK, Thomson Locations: Honduras, Mexico, Saltillo , Mexico, Rights SALTILLO, Mexican, Saltillo, Honduran, United States, United Nations, Michigan, U.S, Haiti, Venezuela, El Salvador, Cuba, Costa Rica, Colombia, Texas, Monterrey, Chang's, Mexico City

[1/4] A screen displays images as Mexican journalist and UFO enthusiast Jaime Maussan (not pictured) hosts a second briefing on unidentified flying objects, known as UFOs, at Mexican Congress, in Mexico City, Mexico November 7, 2023. Maussan said the bodies, believed to have been found near Peru's ancient Nazca lines, were not related to any life on Earth. "They're real," Zuniga told Reuters on the sidelines of the session. Zuniga presented a letter signed by 11 researchers from the university declaring the same. The bodies that he and the other university researchers looked at, however, were real, he said.

Persons: Jaime Maussan, Quetzalli, Maussan, Roger Zuniga, Zuniga, Sergio Gutierrez, Andres Manuel Lopez Obrador's, Celestino Adolfo Piotto, Claudio Yarto, Cassandra Garrison, Christian Plumb, Miral Organizations: REUTERS, MEXICO CITY, San Luis Gonzaga National University, Reuters, Thomson Locations: Mexico City, Mexico, MEXICO, Mexican, San, Ica Peru, Morena, Argentine

☆ Mexican businesses warmed by glow of 'nearshoring' dawn
▼ + stars: | 2023-11-06 | by ( Noe Torres | ) www.reuters.com time to read: +4 min

MEXICO CITY, Nov 6 (Reuters) - Mexican businesses, particularly those linked to real estate and construction, are counting on investment from so-called "nearshoring" to boost profits and economic growth, especially in industrial zones near the U.S. border. "Many companies are already talking about this - about nearshoring and the economic benefits," said Gerardo Copca, an analyst at consultancy MetAnalisis. One notable project - electric vehicle maker Tesla's plans for a reported $5 billion factory in northern Mexico - has been credited with attracting $1 billion in Chinese investments to nearby industries. Mexican real estate investment trust Fibra Uno (FUNO11.MX) plans to launch a trust allowing investors to cash in on expected growth of industrial assets. Total Mexican construction output jumped almost by 46% in August year-on-year, with northern states performing strongly.

Persons: Gerardo Copca, Nearshoring, Fibra Uno, Andre El, Mann, AMPIP, Lorenzo Berho, El, Berho, Enrique Navarro, Andres Manuel Lopez Obrador's, Noe Torres, Dave Graham, David Alire Garcia, Christian Plumb, Josie Kao Organizations: MEXICO CITY, Fibra, Banco Regional, U.S, UBS, Cement, GCC, Thomson Locations: MEXICO, U.S, Mexico, Asia, Mexican, Queretaro, Guanajuato, Jalisco, United States, Canada, China, Swiss, Chihuahua, Texas

☆ Peru foreign minister resigns following US visit controversy
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

Peruvian Foreign Affairs Minister Ana Cecilia Gervasi attends a news conference regarding the asylum that Mexico has granted to the family of former President Pedro Castillo, in Lima, Peru, December 20, 2022. Reuters/Sebastian Castaneda/File Photo Acquire Licensing RightsLIMA, Nov 6 (Reuters) - Peru's foreign minister Ana Cecilia Gervasi resigned on Monday after less than a year, amid questions over how she handled President Dina Boluarte's visit last week to the United States. Gervasi made no reference to Boluarte's U.S. trip in her resignation letter, which was seen by Reuters and other media. In his resignation letter, he cited Boluarte's trip, stating he had been "responsible for preparing" it. Gervasi held various positions in government prior to joining Boluarte's cabinet, including deputy foreign minister, and vice minister of foreign trade.

Persons: Ana Cecilia Gervasi, Pedro Castillo, Sebastian Castaneda, Dina Boluarte's, Gervasi, Joe Biden, Alberto Otarola, Gustavo Meza Cuadra, Boluarte, Biden, Jose Cueto, Castillo, Marco Aquino, Isabel Woodford, Christian Plumb, Alison Williams, Rosalba O'Brien Organizations: Peruvian Foreign Affairs, Reuters, Rights, Alliance for Economic Prosperity, Thomson Locations: Mexico, Lima , Peru, United States, U.S, Boluarte, Americas, Washington

Some warehousing operations as well as distribution, logistics and refrigeration businesses no longer fit into Femsa's strategy and may be sold, Fonseca said. Femsa's shares have surged more than 40% this year after shedding 4.8% in 2022. Femsa, which last year acquired Swiss kiosk operator Valora for $1.15 billion, plans to concentrate on its retail, bottling and financial technology (fintech) operations. Femsa is capitalizing on the ubiquity of its Oxxo stores by promoting fintech services in them, such as digital accounts and debit cards, Fonseca said. Femsa's scale has allowed it to automate some processes, and it is looking for ways to cut energy costs, he said.

Persons: Daniel Becerril, Juan Fonseca, Fonseca, Femsa, Valentine Hilaire, Christian Plumb, Rod Nickel Organizations: Coca, Coke, REUTERS, MEXICO CITY, Heineken, Reuters, Televisa, Alfa, Thomson Locations: Coca Cola, Monterrey, Mexico, MEXICO, U.S, Jetro, Swiss

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. President Laurentino Cortizo announced that the new mining restrictions will apply to both future mining projects as well as those currently seeking permits. The abrupt mining pause comes barely a week after Cortizo hailed the revised contract that allows the local unit of Canada's First Quantum (FM.TO) to continue operating its lucrative Cobre Panama project. "Panama is a mining country," Alexander told Reuters, arguing that without the mine, the country's economy would barely grow this year, versus the robust 6% growth the government estimates. The Cobre Panama mine alone accounts for nearly 5% of Panama's economy.

Persons: Laurentino Cortizo, Cortizo, Hector Alexander, Alexander, Panama's, Edison Broce, Valentine Hilaire, Christian Plumb, Marguerita Choy, Raju Gopalakrishnan Organizations: Minerals, REUTERS, Aris, Reuters, Thomson Locations: Panama, Donoso

Data from Mexico's financial products watchdog Condusef shows that the accounts would be the highest-yielding ones offered in the local financial sector. Other Latin American fintechs like Brazil's Nubank (NUN.MX) and Argentina's UALA have also launched savings accounts this year in Mexico, where data from the national statistics agency showed less than half of the population has savings accounts. The Mexican arms of Nubank and UALA both offer 9% yields on their savings accounts, already much higher than most banks. Stori expects to reach 3 million savings account holders by the end of next year, said its General Manager of New Products Sergio Duenas. ($1 = 18.0044 Mexican pesos)Reporting by Valentine Hilaire; Editing by David Alire Garcia, Christian Plumb and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Marlene Garayzar, Sergio Duenas, Valentine Hilaire, David Alire Garcia, Christian Plumb, Marguerita Choy Organizations: MEXICO CITY, Wednesday, Reuters, The Bank of, New, Thomson Locations: MEXICO, Mexico, The Bank of Mexico, Nubank

More than half of Chileans, 54% of respondents surveyed before the draft text was completed this week, plan on voting against the new constitution, according to pollster Cadem. The current proposal makes a grammatical change to a constitutional clause which abortion advocates already view as restrictive. But Lagos says this change, combined with another proposal that would define a child as any human being under the age of 18, could clear the way for more restrictive abortion laws. With abortion rights expanding across much of Latin America, the latest being Mexico and Argentina, supporters are worried that a right-wing resurgence in the region, could halt progress or see rights backslide. At a rally commemorating the global day of action for access to safe and legal abortion last week in Santiago, 26-year-old student Isadora Calderón told Reuters she felt abortion rights were being threatened by the current proposals.

Persons: SANTIAGO, pollster, Catalina, Teneo, Gabriel Boric, Antonio Barchiesi, Isadora Calderón, Calderón, Agustina Ramón Michel, Ramón Michel, Natalia Ramos Miranda, Lucinda Elliott, Alexander Villegas, Christian Plumb, Lincoln Organizations: Republican, Reuters, American, Thomson Locations: Catalina Lagos, Lagos, Latin America, Mexico, Argentina, Santiago, Argentine, Chile

☆ Focus: Colombia's potential renewables boom short circuits on Indigenous resistance
▼ + stars: | 2023-08-15 | by ( Nelson Bocanegra | ) www.reuters.com time to read: +7 min

Solar photovoltaic array is seen at a solar power field of the company Celsia, in Yumbo, Colombia, February 6, 2019. Joanna Barney, a researcher at non-governmental organization Indepaz said she was aware of the deaths associated with conflicts over renewables projects. Renewables - even if ostensibly more environmentally-friendly - are facing hurdles similar to those confronted by oil and mining companies, long Colombia's top sources of income. Wind and solar provide less than 1% - about 300 megawatts - of Colombia's current energy generation. "The projects aren't operating and it doesn't seem like they will start in the next two years," said Alejandro Lucio of Optima Consultores, which advises renewables companies.

Persons: Julia Symmes Cobb, Gustavo Petro, Italy's, Petro, Jose Silva, Silva, Enel, Colombia Erik Hoeg, Hoeg, Joanna Barney, Indepaz, Alexandra Hernandez, Alejandro Lucio, Optima, Nelson Bocanegra, Christian Plumb Organizations: REUTERS, University of La, EDP Renewables, Brookfield Asset Management, AES, El, Nacion, Reuters, Renewables, Colombian Renewable Energy Association, Thomson Locations: Yumbo, Colombia, BOGOTA, Colombia's La Guajira, Guajira, University of La Guajira, Energi, Brookfield, La Guajira, Colombia's, Europe, Chile, Mexico

Summary Peso's informal value hits all-time low vs dollarAnnual inflation surges to 45%Plunge in peso value 'something horrible', says teacherHAVANA, Aug 2 (Reuters) - The Cuban peso was trading on the informal market at an all-time low of 230 to the dollar on Wednesday, slumping to half its value a year ago as consumers struggle with surging inflation and scarce goods, a widely watched tracker showed. The state considers the informal exchange rate, widely tracked via the independent news outlet El Toque, as illegal, but it has been unable to shut it down. The state officially pegs the local currency at 120 pesos to the dollar, but it has few to exchange. The weakening informal rate was similar to a fall in the government’s electronic equivalent, which residents must use to purchase goods at state stores that are relatively well-stocked compared with peso outlets. Prices grew 39% last year, a figure many economists say underestimates the rate as it does not adequately account for a growing informal market.

Persons: HAVANA, Bert Hoffman, Alejandro Gil, May, Sonia Nunez, Gil, Mario Fuentes, Christian Plumb, Conor Humphries Organizations: Cuban, German Institute of Global, Communist, Economy, Thomson Locations: America, Hamburg, Cuban, Havana

☆ Chile's lithium push emerges as test for Latin American resource nationalism
▼ + stars: | 2023-04-27 | by ( David Alire Garcia | ) www.reuters.com time to read: +6 min

[1/2] Laborers work at a lithium plant on the Atacama salt flat in the Atacama desert of northern Chile January 8, 2013. While the former student protest leader's proposal to give the government a majority stake in all future lithium projects faces an uncertain path in Congress, its mere introduction shook one of the mining industry's most lucrative corners. Lithium is in high demand for rechargeable batteries for future fleets of electric vehicles in the global transition to green energy. That leaves the exception to the trend, Argentina, as an increasingly likely Latin American destination for new private capital for lithium. A strong pipeline of lithium projects in Argentina, the world's No.

☆ Exclusive: Mexican firm seeks $380 million from Honduras over blocked unit
▼ + stars: | 2023-04-14 | by ( Valentine Hilaire | ) www.reuters.com time to read: +4 min

MEXICO CITY, April 14 (Reuters) - Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings, claiming that it violated foreign investment protections, documents reviewed by Reuters show. The invitations were properly handled, countered Daniel Garcia Barragan of the law firm Garcia Barragan Abogados representing JLL last week. This is the second claim against Honduras submitted to World Bank's ICSID this year, its website shows. Some analysts say this casts doubt on the Central American nation's ability to attract foreign investment. Executives had planned to expand operations to Guatemala, but pulled the plug due to its legal troubles in Honduras.

☆ Exclusive: Canada's ATCO gives Mexico troubled pipeline after damage award -sources
▼ + stars: | 2023-03-30 | by ( Dave Graham | ) www.reuters.com time to read: +3 min

Lopez Obrador afterward met representatives from Canadian energy companies, including ATCO, and details of the transfer were concluded in late February, one of the sources said. Neither ATCO, CFE, the Canadian government or Lopez Obrador's office immediately replied to requests for comment. Arguing that past governments skewed Mexico's energy market in favor of private capital, Lopez Obrador has taken a series of steps to bolster state control of the sector. Last July the U.S. and Canadian governments launched formal dispute resolution talks with Mexico over energy. The company argued Mexico had not done enough to enable the pipeline's completion, and the London Court of International Arbitration agreed, Reuters reported.

He was replaced by Pedro Rafael Tellechea, who had been named to head PDVSA in January. Maduro said that his government was committed to "going to the root" of corruption, calling the probe which began last year "professional, scientific and disciplined." The Finance Ministry, the central bank, and PDVSA did not respond to requests for comment. It is unclear whether the corruption probe and contract review will concretely improve PDVSA's cash flows in the near future. PDVSA last year delayed cash payments in dollars to several of its suppliers because of dwindling income.

☆ Cuba blasts U.S. for years of disregarding evidence on 'Havana Syndrome'
▼ + stars: | 2023-03-03 | by ( Dave Sherwood | ) www.reuters.com time to read: +3 min

read more"This conclusion ... confirms what we already knew," Vice Foreign Minister Carlos Fernandez de Cossio told Reuters in an interview in Havana late on Thursday. "The unfortunate thing is, the U.S. government leveraged (Havana Syndrome) to derail bilateral relations ... and discredit Cuba." Cuba has for years labeled as "science fiction" the idea that ´Havana Syndrome´ resulted from an attack by a foreign agent, and its top scientists in 2021 found no evidence of such allegations. De Cossio told Reuters there had been no shortage of evidence and that the revelation this week cast fresh doubt on the credibility of other U.S. policies towards Cuba. ´Havana Syndrome,´ referred to by the U.S. government as "anomalous health incidents," first came to light in 2016 after dozens of diplomats at the U.S. Embassy in Havana complained of intense headaches, nausea, memory lapses and dizziness.

SAO PAULO/MEXICO CITY, Jan 11 (Reuters) - Brazilian retailer Americanas SA (AMER3.SA) said on Wednesday its chief executive and chief financial officer resigned after the discovery of around 20 billion reais ($3.88 billion) in accounting "inconsistencies." Lojas Americanas CEO Sergio Rial departed less than two weeks after taking the job, when he replaced Miguel Gutierrez. Joao Guerra, a long-time Americanas executive not involved with accounting or financial management, will take over as CEO on an interim basis. The amount of accounting inconsistencies is larger than the company´s net equity, 15 billion reais, said Fabrício Gonçalvez, CEO at Box Asset Management. The amount is also almost twice Americanas' 10.7 billion reais market capitalization, according to Refinitiv data.

Pacheco's office and the U.S. embassy in Brasilia did not immediately respond to requests for comment. Separately, a group of 74 federal lawmakers in the United States and Brazil released a joint statement on Wednesday condemning the political violence in Brasilia and Washington that came two years and two days apart. The statement, signed mainly by progressive lawmakers in both countries, was articulated by the Washington Brazil Office, a group promoting bilateral dialogue in defense of human rights and sustainable development. "It is no secret that ultra-right agitators in Brazil and the United States are coordinating efforts," they wrote, citing ties between associates of Trump and Bolsonaro. The Jan. 6 committee's final report, released last month, said Trump should face criminal charges for inciting the deadly riot.

☆ Analysis: Security, migration trump energy dispute at Biden Mexico summit
▼ + stars: | 2023-01-11 | by ( Dave Graham | ) www.reuters.com time to read: +5 min

The U.S. government appears reluctant to antagonize Mexico on energy lest it interfere with cooperation on the border and security, two far bigger U.S. domestic issues, analysts said. Under pressure from Republican opponents to curb record illegal crossings, the administration of Biden, a Democrat, has focused much of its dealings with Mexico on border security. Trump threatened Mexico with trade tariffs if it did not stem migrant flows, but he did little to upbraid Lopez Obrador over energy policies that U.S. firms say are unfair. And the Biden administration did contact U.S. energy companies ahead of the Mexico City summit to ask them how Mexico's policies have impacted their business operations there, according to a document seen by Reuters. Two Mexican officials said there was little advance on the energy dispute between Mexico and Washington this week.

☆ Petrobras reinforces security at refineries after threats - sources
▼ + stars: | 2023-01-09 | by ( Sabrina Valle | ) www.reuters.com time to read: +2 min

Jan 8 (Reuters) - Petroleo Brasileiro SA (PETR4.SA) stepped up security at its refineries in a precautionary measure after threats against assets, including Brazil's biggest fuel plant, two company officials said, speaking on condition of anonymity. The threats were detected by Petrobras' intelligence unit monitoring social media communications of supporters of Brazil's far-right former President Jair Bolsonaro, the two people said. The state-controlled company said on Sunday night all its assets and refineries were operating normally. The threats to Petrobras targeted assets such as refineries in Sao Paulo, Rio de Janeiro and Parana states, the people said. Brazil's Mines and Energy Minister, Alexandre Silveira, said Brazil's fuel supply would run normally, as would the country's refineries.

☆ Latin America's 'pink tide' may have hit its high-water mark
▼ + stars: | 2022-12-22 | by ( Brad Haynes | ) www.reuters.com time to read: +4 min

REUTERS/Alessandro Cinque/File PhotoDec 22 (Reuters) - Dramatic elections in Brazil, Chile and Colombia brought leftist governments into power across much of Latin America in 2022, capping the region's second "pink tide" in two decades. Chilean President Gabriel Boric, 36, took office in March as his country's most progressive leader in half a century and its youngest ever. Brazilian President-elect Luiz Inacio Lula da Silva, 77, who narrowly beat incumbent Jair Bolsonaro in October, is a holdover from the region's first pink tide, when a commodity boom helped him finish his 2003-2010 presidency with record approval. WHAT IT MEANS FOR 2023The region's new pink tide has a distinct green tint, as progressive movements have embraced the fight against climate change. Castillo, ousted about a year and a half after his election, may not be the only leftist leader to face difficult times.

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