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"As it is negotiated today, it is a very bad deal, for you and for us," Macron told businessmen in Sao Paulo while on a three-day trip to Latin America's largest economy, amid troubled talks over a free trade deal between the two economic blocs. "There is nothing that takes into consideration the subject of biodiversity and climate; nothing," Macron said. "Let's forge a new deal in light of our goals and reality, a trade deal that is responsible on development, climate and biodiversity." "It's true we lost an opportunity at the end of last year, but we should not give up on this deal." At upcoming G20 and COP summits in Brazil, Macron said he planned to push for more international standards to financially incentivize banks, firms and investors to decarbonize industrial processes and better preserve the environment.
Persons: Sarah Morland, Emmanuel Macron, Macron, Fernando Haddad, Haddad, Luiz Inacio Lula da Silva, Lula, Jair Bolsonaro, Eduardo Simoes, Jonathan Oatis, Kylie Madry, Kim Coghill Organizations: Reuters, European Union, South American Mercosur, Brazilian Finance Locations: Brazil, Sao Paulo, France, Africa, Mexico City
By Marco AquinoLIMA (Reuters) - The Peruvian government said on Friday it has awarded a subsidiary of Chinese firm Jinzhao a contract to build a port in the south of the Andean nation, expected to require $405 million in investments. As part of the deal, Jinzhao Peru will receive a concession to operate the port for 30 years, according to the head of state investment agency Proinversion, Jose Salardi. With the project, Jinzhao will become the second Chinese firm to build and operate a port in Peru, one of the world's top copper producers. In the north of Peru, a subsidiary of Chinese firm Cosco Shipping Ports is building a "megaport" set to kick off operations at the end of this year. Jinzhao's port, in the southern region of Ica, is near its Pampa de Pongo iron project, set to require a $2.34 billion investment in its "pre-feasibility stage."
Persons: Marco Aquino LIMA, Proinversion, Jose Salardi, Salardi, Marco Aquino, Kylie Madry, Leslie Adler Organizations: Reuters, Jinzhao, Cosco Shipping Locations: Peruvian, Jinzhao Peru, Peru, Ica, Pampa
By Kylie MadryMEXICO CITY (Reuters) - Thousands more people could be forced to leave Ecuador and Haiti in 2024 due to humanitarian crises such as intensifying violence, climate impacts and deepening poverty, the International Rescue Committee said in a report on Wednesday. "Multiple factors...will deteriorate living conditions for millions of people in Ecuador and Haiti, potentially forcing thousands to seek safety elsewhere," the IRC said. "The crises in Haiti and Ecuador are creating a ripple effect across the entire region," said IRC regional head Julio Rank Wright in a statement. "Without a functioning political system, the government will struggle to address violence and meet growing needs," the IRC said in the report. Food insecurity will likely also deepen in Haiti in 2024, the IRC said.
Persons: Kylie Madry, Julio Rank Wright, Jovenel Moise, Ariel Henry, Eli Moreno, Ros Russell Organizations: Kylie Madry MEXICO CITY, International, El, Global, Transnational, Global Initiative Locations: Kylie Madry MEXICO, Ecuador, Haiti, Colombia, Panama, Darien, Caribbean, Kenya, Mexico City, Panama City
PORT-AU-PRINCE (Reuters) - At least five agents of Haiti's BSAP, an armed environmental agency that in recent years has evolved into a paramilitary body, were killed in a shootout with national police in Port-au-Prince on Wednesday, the police trade union told reporters. Haiti's national police did not immediately respond to a request for more details, or whether there had been any police casualties. Henry, who assumed power after the assassination of Haiti's last president in 2021, last week called on BSAP members to register with the country's environmental ministry in an apparent crackdown against the agency. Henry is expected to give a national address later on Wednesday. (Reporting by Harold Isaac and Steven Aristil in Port-au-Prince; Writing by Sarah Morland and Kylie Madry; Editing by Leslie Adlerby)
Persons: Haiti's, Ariel Henry, Guy Philippe, AyiboPost, Philippe, Jean, Bertrand Aristide, Henry, Harold Isaac, Steven Aristil, Sarah Morland, Kylie Madry, Leslie Adlerby Organizations: PORT, Reuters, Prince, Local Locations: Port, Haiti, U.S
MONTERREY, Mexico (Reuters) - Mexican President Andres Manuel Lopez Obrador announced that his government has reached an agreement with local billionaire Carlos Slim to buy the concession to part of a highway still under construction in the southern state of Oaxaca. He sits on the board of directors of Ideal, which is wrapping up construction on the branch of the highway running from the towns of Mitla to Tehuantepec. The highway track, part of a larger stretch running all the way to the city of Oaxaca, will be inaugurated on Aug. 31, Lopez Obrador said. The president, who will leave office later this year, has made infrastructure projects in the historically poorer southern part of Mexico a cornerstone of his administration. (Reporting by Kylie Madry in Mexico City and Laura Gottesdiener in Monterrey; Editing by Paul Simao)
Persons: Andres Manuel Lopez Obrador, Carlos Slim, Lopez Obrador, Slim, Kylie Madry, Laura Gottesdiener, Paul Simao Organizations: America, Grupo Carso, Ideal Locations: MONTERREY, Mexico, Oaxaca, Mitla, Tehuantepec ., Mexico City, Monterrey
CARACAS (Reuters) - Venezuelan President Nicolas Maduro warned on Thursday that a deal with the political opposition for elections to be held later this year was in danger of collapse, after what he has described as "conspiracies" against him. Later, U.S. officials said they were "concerned" about the arrests, which included members of the political opposition. KEY QUOTES"Today the Barbados agreements are mortally wounded, they're in intensive care, they were stabbed, kicked," Maduro said in a televised state broadcast. "Hopefully we can save the Barbados agreements and, through dialogue, reach real overarching agreements through national consensus," he added. WHAT'S NEXTThe government's arrest of opposition members could put the agreements at risk, and cause the sanctions to snap back.
Persons: Nicolas Maduro, Maduro's, Maria Corina Machado, Maduro, Deisy Buitrago, Kylie Madry, Clarence Fernandez Locations: CARACAS, Barbados, United States, Caracas, Venezuela
File photo: A person holds a photo of late Haitian President Jovenel Moise, who was shot dead earlier this month, during his funeral at his family home in Cap-Haitien, Haiti, July 23, 2021. Vincent was arrested days after the attack alongside another Haitian-American, James Solages. At these meetings, the filing said, Vincent often wore a U.S. State Department pin leading people to believe he was employed by the U.S. government. Jaar and Rivera were both sentenced to life in prison, while John is expected to be sentenced on Dec. 19. Reporting by Sarah Morland and Kylie Madry; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
Persons: Jovenel Moise, Ricardo Arduengo, Joseph Vincent, Vincent, Jovenel Moise's, Prince, James Solages, Solages, Christian Sanon's, Moise, Vincent's, Joseph Joel John, German Rivera, Rodolphe Jaar, Jaar, Rivera, John, Sarah Morland, Kylie Madry, Bill Berkrot Organizations: REUTERS, U.S . Drug Enforcement Administration, U.S . State Department, U.S ., Thomson Locations: Cap, Haitien, Haiti, U.S, American, Colombian, Florida, Haitian, Chilean
Brazilian lender Itau launches crypto trading
  + stars: | 2023-12-04 | by ( ) www.reuters.com   time to read: +1 min
SAO PAULO, Dec 4 (Reuters) - Brazilian bank Itau Unibanco (ITUB4.SA) on Monday launched a cryptocurrency trading service for clients of its investment platform, making the nation's largest lender the latest local player to enter the market for the digital asset's exchange. "It starts with bitcoin, but our overarching strategic plan is to expand to other crypto assets in the future," he said, adding any expansion would depend on how crypto regulation in the country evolved. Itau argues it will stand out from rivals as it also acts as a custodian, safeguarding users' assets, Antunes said. The move comes about a month after two local players announced they were leaving the crypto market. Brokerage and investments company XP (XP.O) did not say why it was shutting down its crypto service, but financial services firm PicPay, owned by conglomerate J&F which also controls meatpacker JBS (JBSS3.SA), cited regulatory uncertainties.
Persons: Guto Antunes, Itau, Antunes, meatpacker, Paula Arend Laier, Andre Romani, Kylie Madry, Chris Reese Organizations: SAO PAULO, Monday, Thomson Locations: bitcoin, Brazil
Zubale/Handout via REUTERS Acquire Licensing RightsMEXICO CITY, Nov 30 (Reuters) - E-commerce startup Zubale is setting its sights on expanding throughout Brazil and Mexico with a fresh $25 million capital injection, the company said on Thursday. In Mexico, the startup already operates in 90 cities and is eyeing another 40 over the next two years, said Monroy. He added that Zubale plans to first boost the technology behind its gig service in Mexico, Latin America's second-largest economy, to increase both workers' productivity and earnings. Zubale is also going to "speed up market penetration" of its software in Mexico, where the products are "still really green," Monroy said. The $25 million investment announced on Thursday comes from backers such as QED Investors and NFX, and follows a $40 million Series A funding round last year.
Persons: Sebastian Monroy, Zubale, Thiego Goularte, Goularte, Monroy, Kylie Madry, Rashmi Organizations: Reuters, REUTERS Acquire, MEXICO CITY, Carrefour, Sao Paulo, Thomson Locations: Sao Paulo, Brazil, Handout, MEXICO, Mexico, Sao, Rio de Janeiro
NXTP/Handout via REUTERS Acquire Licensing RightsMEXICO CITY, Nov 28 (Reuters) - Latin American venture capital firm NXTP has raised $98 million for a fund targeting technology startups largely in Brazil and Mexico, it said on Tuesday. Despite current macroeconomic headwinds, there is an "enormous" opportunity to invest in Latin American startups, said NXTP managing partner Darly Bendo. "We're seeing really low software penetration in Latin America" ranging from small-and-medium-size businesses to large corporations, he said. NXTP is now eyeing opportunities to invest the funds in startups primarily in Brazil, followed by Mexico. "It's an interesting moment to be investing in Latin America," said Busse, who pointed to buy-in from international and institutional investors in the latest fund as proof of increased demand.
Persons: NXTP, Darly Bendo, Alexander Busse, Bendo, Busse, Kylie Madry, Sonali Paul Organizations: Reuters, REUTERS Acquire, MEXICO CITY, Thomson Locations: Buenos Aires, Argentina, Handout, MEXICO, Brazil, Mexico, America
Argentine presidential candidate Javier Milei addresses supporters as they react to the results of Argentina's runoff presidential election, in Buenos Aires, Argentina November 19, 2023. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsNov 24 (Reuters) - Argentina President-elect Javier Milei said on Friday he had spoken with the director of the International Monetary Fund (IMF), Kristalina Georgieva, regarding plans to adjust the country's fiscal policy and monetary program. The country is currently facing inflation nearing 150%, a looming recession and net reserves seen at negative $10 billion. Argentina is tied up by a $44 billion loan program from the IMF that has veered off track. "The IMF is committed to support efforts to durably reduce inflation, improve public finances and raise private-sector-led growth," Georgieva said on X.
Persons: Javier Milei, Agustin Marcarian, Kristalina, Milei, Georgieva, Kylie Madry, Isabel Woodford Organizations: Argentine, REUTERS, International Monetary Fund, IMF, Thomson Locations: Buenos Aires, Argentina
REUTERS/Hugo Curotto/File Photo Acquire Licensing RightsNov 23 (Reuters) - Venezuelan authorities rejected a flight of Venezuelans expelled from Chile trying to enter the country, a top Chilean official said on Thursday. "They said, 'No, I do not authorize the flight to Venezuela,'" he added. Monsalve, who did not say how many Venezuelans were on the flight, said the decision to send them back also depended on the Venezuelan government. He added that, per Chilean law, if the expulsion was not carried out within five days, then the Venezuelans would be released. Reporting by Vivian Sequera; Writing by Kylie Madry; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Hugo Curotto, Manuel Monsalve, Monsalve, Vivian Sequera, Kylie Madry, Josie Kao Organizations: REUTERS, Chilean, Interior, United Nations, Refugees, Thomson Locations: Chile, Peru, Chacalluta, Arica, Venezuelan, Chilean, Venezuela, UNHCR
Argentine presidential candidate Javier Milei addresses supporters as they react to the results of Argentina's runoff presidential election, in Buenos Aires, Argentina November 19, 2023. REUTERS/Agustin Marcarian Acquire Licensing RightsBUENOS AIRES, Nov 22 (Reuters) - Argentine President-elect Javier Milei on Wednesday thanked Chinese President Xi Jinping for a letter congratulating him on last Sunday's elections results, a softening of tone from earlier harsh criticism of China's communist leadership. "I thank President Xi Jinping for the congratulations and good wishes," Milei said on his personal X account. Since the election, Milei has softened his tone with many he has previously criticized, including his countryman Pope Francis. In a separate post on Wednesday, Milei thanked former U.S. President Donald Trump for congratulations from his campaign team and said he hoped to meet soon.
Persons: Javier Milei, Agustin Marcarian, Xi Jinping, Milei, Xi, Pope Francis, Donald Trump, Adam Jourdan, Gabriel Araujo, Sarah Morland, Kylie Madry Organizations: Argentine, REUTERS, South American Mercosur, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Argentine, China, Brazil
MEXICO CITY, Nov 22 (Reuters) - The Mexican National Guard on Wednesday captured Nestor Isidro Perez Salas, or "El Nini," who is accused of heading security for the faction of the Sinaloa Cartel headed by the sons of founder Joaquin "El Chapo" Guzman. Seen by U.S. anti-narcotics agents as one of the most ruthless Mexican drug figures, Perez Salas was detained in Culiacan, the Sinaloa Cartel's heartlands, and was taken to Mexico City, according to government detention records. "We're working side-by-side to combat arms trafficking, to tackle organized crime and to address the opioid epidemic, including fentanyl," Biden said. The U.S. and Mexico also agreed with China last week to stem the flow of fentanyl precursor chemicals from the Asian country. In January, Mexican authorities captured Ovidio Guzman in Sinaloa and extradited him to the United States in September.
Persons: Nestor Isidro Perez Salas, Joaquin, El, Guzman, Perez Salas, Ivan Archivaldo Guzman, Joe Biden, Andres Manuel Lopez Obrador, Biden, Ovidio Guzman, Ivan, Manuel Carrillo, Kylie Madry, Sarah Morland, Brendan O'Boyle Organizations: MEXICO CITY, Mexican National Guard, heartlands, U.S . State Department, The State Department, U.S . Drug, Administration, Thomson Locations: MEXICO, Sinaloa, Culiacan, Mexico City, U.S, Mexico, China, United States, Lincoln
The Las Bambas copper mine is pictured in Apurimac, Peru May 9, 2022. Erick Ramos, general secretary of the Las Bambas workers union, told Reuters by telephone the union had agreed to go on a strike with no set end date starting Nov. 28. Representatives for Las Bambas did not immediately respond to requests for comment. The union had already kicked off a strike on Sunday, which is set to end Tuesday, over the profit sharing. The union, which represents more than 1,000 workers, is currently registering the strike set for Nov. 28 with the labor ministry, Ramos said.
Persons: Angela Ponce, Erick Ramos, Ramos, Bambas, China's MMG, Pedro Castillo, Marco Aquino, Isabel Woodford, Kylie Madry, Louise Heavens, Kirsten Donovan, David Gregorio Our Organizations: REUTERS, Rights, Workers, Reuters, China's, HK, Thomson Locations: Apurimac, Peru
SANTIAGO (Reuters) - United Nations Secretary General Antonio Guterres will travel to Antarctica this week with Chilean President Gabriel Boric to observe the impact of rising temperatures caused by climate change on the continent, he said on Monday. "Scorching temperatures mean Antarctic ice is melting ever-faster, with deadly consequences for people around the world," Guterres told reporters. Guterres and Boric will be in Antarctica from Wednesday to Saturday, subject to weather conditions, the U.N. communications office in Chile said. Boric traveled to Antarctica previously this year, and has invited other leaders such as Chinese President Xi Jinping to do the same. (Reporting by Natalia Ramos in Santiago; Additional reporting by Michelle Nichols at the United Nations; Writing by Kylie Madry; editing by Grant McCool)
Persons: General Antonio Guterres, Gabriel Boric, Guterres, Collins, Nelson, Stephane Dujarric, Boric, Xi Jinping, Natalia Ramos, Michelle Nichols, Kylie Madry, Grant McCool Organizations: United Nations, Chilean Air Force Locations: SANTIAGO, Antarctica, Chile, Dubai, Paris, Santiago
View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. Protests have in recent weeks escalated against the miner's contract for a major copper mine operated by the company's local unit, known as Minera Panama. "The illegal actions carried out by small vessels in the port of Punta Rincon have affected the delivery of supplies that are required by Minera Panama, including for energy generation," the company said. Earlier this week, First Quantum reported that the protests blocking the port had reduced ore processing at its Cobre Panama mine, the first sign that the mine's output was at risk. On Thursday, the union for Minera Panama said it reached agreements with the company to ensure worker pay as protests kept some workers from reaching their jobs.
Persons: Senan, Eli Moreno, Brendan O'Boyle, Kylie Madry Organizations: Minerals, REUTERS, Aris, PANAMA CITY, Reuters, Minera, Aeronaval Service, CSL, Cobre, Thomson Locations: Panama, Donoso, PANAMA, Punta Rincon, Minera Panama, Panamanian, Cobre Panama
Mexican lawmakers OK stock market reform bill
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +1 min
MEXICO CITY, Nov 15 (Reuters) - Mexico's lower house on Wednesday passed a bill aimed at revamping national stock exchanges, a long-awaited move meant to boost trading following a spate of delistings from the main market in recent years. The bill loosens regulations for companies to go public, speeding up the process and reducing the costs involved, said Mexico's largest market operator, the Bolsa Mexicana de Valores, in a statement. The bill had previously passed in the Senate, and will now be sent to President Andres Manuel Lopez Obrador's desk to be signed into law. Just 138 companies are listed on the Bolsa Mexicana de Valores, which has gone six years without a new listing, barring spin-offs. Reporting by Kylie Madry and Diego Ore; Editing by Anthony Esposito and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Gabriel Yorio, Andres Manuel Lopez, Lala, Kylie Madry, Diego Ore, Anthony Esposito, Stephen Coates Organizations: MEXICO CITY, Bolsa Mexicana de, Senate, Grupo Sanborns, Thomson Locations: MEXICO, Bolsa Mexicana de Valores
[1/3] A photographer takes a picture at the crime scene where photojournalist Ismael Villagomez Tapia of the local newspaper El Heraldo de Juarez was shot dead by unknown assailants, according to local media, in Ciudad Juarez, Mexico November 16, 2023. REUTERS/Jose Luis Gonzalez Acquire Licensing RightsCIUDAD JUAREZ, Mexico, Nov 16 (Reuters) - A Mexican photojournalist was killed in Ciudad Juarez in the early hours of Thursday while working as a ride-share driver, authorities and his employer said. In Mexico, many journalists work outside of the profession to pay the bills. Investigators have not ruled out the possibility that Villagomez was killed due to his work as a journalist, said Salas. "A journalist is a journalist 24 hours a day, whether or not they were working as something else meanwhile," Salas said, adding that Villagomez's cellphone was missing from the scene.
Persons: Ismael Villagomez Tapia, Juarez, Jose Luis Gonzalez, Ismael Villagomez, Carlos Manuel Salas, InDrive, Villagomez, Salas, We're, Jose Ramon Ortiz, Kylie Madry, Rosalba O'Brien Organizations: El, REUTERS, Thomson Locations: Ciudad Juarez, Mexico, CIUDAD JUAREZ, Mexican, de Juarez, El Heraldo
IMF approves $35 bln credit line for Mexico
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +1 min
[1/3] Employees work at a stall in an outdoor market dedicated to the sale of fruits and vegetables, in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis Gonzalez/File Photo Acquire Licensing RightsMEXICO CITY, Nov 16 (Reuters) - The International Monetary Fund's executive board has approved a two-year, $35 billion flexible credit line for Mexico, it said in a statement on Thursday, noting the Latin American country's economy is undergoing a broad-based expansion. This is Mexico's tenth flexible credit line arrangement since 2009, and the country has reduced amounts of the lines granted in recent years, the IMF said. In 2017, the IMF granted Mexico a credit line worth around $88 billion, which by 2021 was reduced to $50 billion. Authorities will reassess the external risk outlook and their implications on access under the agreement in November 2024, the IMF added.
Persons: Jose Luis Gonzalez, Gita Gopinath, Gopinath, Kylie Madry, Valentine Hilaire, Nick Zieminski Organizations: REUTERS, MEXICO CITY, Monetary Fund's, IMF, Thomson Locations: Ciudad Juarez, Mexico, MEXICO
SAN JOSE DE LUPUNA, Peru, Nov 15 (Reuters) - In the Peruvian Amazon, an extended heat wave and drought have shortened the incubation period for thousands of turtle hatchlings released into the river by biologists as part of a local environmental program. Around 3,200 yellow-spotted Amazon river turtles, known locally as taricayas, were freed as part of a plan to repopulate the species, which is threatened by hunting. [1/3]River turtles sit in a plastic basin before being released into a river in the Peruvian Amazon, in San Jose de Lupuna, Peru, November 14, 2023. But over the past two decades, more than 19,700 square kilometers (7,600 square miles) of the Peruvian Amazon have been destroyed, according to government data. This year we're releasing 3,200 taricayas, bringing us up to 23,000 released (as part of the program)," Pipa said.
Persons: We've, Zabryna Pipa, San Jose de Lupuna, Alfredo Galarza, El, Pipa, Marco Aquino, Kylie Madry, Sandra Maler Organizations: JOSE, LUPUNA, Amarumayu, REUTERS, Thomson Locations: Peru, Peruvian, Brazil, San Jose
China and Mexico's relationship has strengthened with time, Chinese President Xi Jinping said about the meeting, according to a post from the Asian country's embassy in Mexico, with Sino-Mexican relations becoming increasingly "mutually beneficial." The post added that China "is willing ... to strengthen the articulation of strategies, (and) explore the potential for cooperation ... to promote bilateral relations to a higher level." Mexico President Andres Manuel Lopez Obrador said the two leaders had "committed to continue maintaining good relations for the benefit of our people." Lopez Obrador is also set to meet with Canadian Prime Minister Justin Trudeau and U.S. President Joe Biden during the trip. Lopez Obrador and Xi agreed to combat illegal trafficking of precursor chemicals, Mexican Foreign Minister Alicia Barcena said in a post on social media network X.
Persons: Andres Manuel Lopez Obrador, Xi Jinping, Lopez Obrador, Justin Trudeau, Joe Biden, Biden, Xi, Alicia Barcena, Kylie Madry, Valentine Hilaire, Isabel Woodford, Josie Kao, Stephen Coates Organizations: Economic Cooperation, Reuters, MEXICO CITY, Canadian, U.S, Thomson Locations: Asia, San Francisco , California, U.S, MEXICO, Mexico, San Francisco . China, China, United States
Lula greeted passengers with hugs and kisses after their arrival late on Monday evening, offering his support to Brazilians still in or arriving from the Gaza Strip and condemning the killing of civilians in Gaza. "I have never seen such brutal, inhumane violence against innocent people," Lula said in a short speech on the tarmac. The Gaza Strip has been under bombardment by Israel, which aims to annihilate Hamas, the militant group which runs the Gaza Strip and which attacked Israel from Gaza on Oct. 7, killing around 1,200 people. Gaza medical authorities say more than 11,000 people there have been confirmed killed, with about 40% of them being children. Lula echoed earlier criticisms of both Hamas for its attack against Israel and Israel for its reaction.
Persons: Luiz Inacio Lula da Silva, Lula, Peter Siqueira, Gabriel Araujo, Kylie Madry, Brendan O'Boyle, Raju Gopalakrishnan Organizations: SAO PAULO, Monday, Brasilia Air Base, Embraer, Gaza, South American, West Bank, Thomson Locations: Gaza, Rafah, Egypt, Cairo, Brazil, Las Palmas, Spain, Israel
Logos of Brazilian meatpacker BRF SA are seen in the headquarters in Curitiba, Brazil October 1, 2019. BRF reported a 262 million real ($53.37 million) net loss in the third quarter, larger than the 136.7 million loss a year ago but slightly better than an LSEG consensus forecast of a 279 million real loss. Despite the hit, BRF said improvements in the company's operating performance were already showing results. BRF also said net revenue was 13.8 billion reais in the quarter, nearly the same as in the year-ago period. BRF said EBITDA came in at 1.2 billion reais ($244.45 million), slightly above LSEG consensus estimates of 1.17 billion reais.
Persons: Rodolfo Buhrer, BRF, Miguel Gularte, EBITDA, Ana Mano, Kylie Madry Organizations: meatpacker BRF, REUTERS, SAO PAULO, BRF SA, Management, JBS SA, Thomson Locations: Curitiba, Brazil, U.S
Argentina 2023 inflation seen at 185% -cenbank poll
  + stars: | 2023-11-13 | by ( ) www.reuters.com   time to read: +1 min
A saleswoman gives change to a customer at a greengrocer's shop at the Mercado Central, the city's largest wholesale central market, which receives produce from the entire country, as Argentines face a daily race for deals as inflation soars above 100%, on the outskirts of Buenos Aires, Argentina September 12, 2023. REUTERS/Matias... Acquire Licensing Rights Read moreBUENOS AIRES, Nov 13 (Reuters) - Analysts polled by Argentina's central bank raised their estimate for annual inflation for this year (ARCPIN=ECI) to 185.0%, the bank said on Monday, up from last month's estimate of 180.7%. The Market Expectations Survey (REM), conducted between Oct. 27 to 31 among 38 participants from consulting firms, financial entities and local and international research centers, estimated monthly inflation will reach 11.5% in November. Annualized inflation hit 142.7% in October, the country's statistics office said on Monday, with the monthly rise landing at 8.3%, although that was down from peaks in August and September and below analyst forecasts. Reporting by Jorge Otaola; Writing by Brendan O'Boyle; Editing by Kylie MadryOur Standards: The Thomson Reuters Trust Principles.
Persons: Matias, Jorge Otaola, Brendan O'Boyle, Kylie Madry Organizations: Mercado Central, REUTERS, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES
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