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Jabeur relieved to get past ailing Bouzkova at US Open
  + stars: | 2023-09-03 | by ( ) www.reuters.com   time to read: +2 min
I know that's not cool, but I wanted to win," said Jabeur, who overcame her own early struggles due to flu and prevailed 5-7 7-6(5) 6-3 after nearly three hours. "I was trying to observe her a lot, try to see where she was hurt," Jabeur said. Jabeur, seeking her first Grand Slam title, said she will need to work on her serve ahead of a fourth-round meeting with China's Zheng Qinwen. "I think that's going to be very important playing a talented young player," Jabeur said. That's really important for me."
Persons: Colombia's Camila Osorio, Mike Segar, Marie Bouzkova, opponent's, Bouzkova, Jabeur, It's, China's Zheng Qinwen, We'll, That's, Shrivathsa Sridhar, William Mallard Organizations: U.S, Thomson Locations: Flushing Meadows , New York, United States, Czech, Tunisian, Bengaluru
Rep. Ocasio-Cortez said the US has to reckon with its history of interventions in Latin America. "I believe that we owe Chile, and not just Chile but many aspects of that region, an apology," Ocasio-Cortez told the publication. "I don't think that apology indicates weakness; I think it indicates a desire to meet our hemispheric partners with respect." "It's very hard for us to move forward when there is this huge elephant in the room and a lack of trust due to that elephant in the room," she continued. "Latin America, I believe, due to its proximity, was absolutely unique in US interventionism during the cold war, and that was under [secretary of state] Henry Kissinger and President Nixon," the congresswoman said.
Persons: Cortez, Alexandria Ocasio, New York Democrat —, Salvador Allende, , Jacobo Árbenz, João Goulart, Fidel Castro, Castro, Henry Kissinger, Nixon, Augusto Pinochet, We're Organizations: Guardian, Service, New York Democrat, US, Operation Condor Locations: Latin America, Wall, Silicon, Alexandria, Chile, Cuban, Cuba, America, United States, Brazil, Colombia
She will next play China's Zheng Qinwen, who beat Italian Lucia Bronzetti 6-3 4-6 6-4, in the round of 16. "It's a very tough match from both of us," said Jabeur, last year's runner-up. The Tunisian broke back with a nice backhand slice in the ninth game but handed Bouzkova another break with a double fault on set point. Jabeur said she expects a big challenge from fourth-round foe Zheng, against whom she retired in their last meeting in Toronto in 2022. Reporting by Amy Tennery in New York; Editing by Lincoln Feast and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.
Persons: Colombia's Camila Osorio, Mike Segar, Czech Marie Bouzkova, Arthur Ashe, China's Zheng Qinwen, Italian Lucia Bronzetti, Bouzkova, Jabeur, nodded, Zheng, Amy Tennery, Lincoln, Edwina Gibbs Organizations: Tunisian, Wimbledon, ESPN, Thomson Locations: Flushing Meadows , New York, United States, Czech, U.S, Tunisian, Italian, Cincinnati, Toronto, New York
But five months later, the overall number of people filing refugee claims in Canada has risen instead of falling. But it has sought to discourage those applying for asylum, chiefly through an agreement with the U.S. under which each country turns back asylum seekers. Asylum seekers are drawn by Canada's reputation for swifter processing and greater acceptance of asylum applications compared to the U.S. But overall, the number of asylum seekers entering Canada has surged. People applying at airports comprised about a third of all refugee claims made in July, up from about 16% in March.
Persons: Shauna Labman, Joe Biden's, Craig Damian Smith, Remi Lariviere, Lariviere, Abdulla Daoud, Loly Rico, Hana Bakhit, Maureen Silcoff, Silcoff, Grace Nanziri, Anna Mehler, Denny Thomas, Deepa Babington Organizations: Reuters, Human, University of Winnipeg, U.S, European Union, Centre for Refugee Studies, York University, FCJ Refugee, REUTERS, Refugee Centre, FCJ, Thomson Locations: Canada, U.S, Toronto, Quebec, New York, United States, Mexico, Haiti, Turkey, Colombia, India, Rwanda, Montreal, Canada's, Sudan, Uganda
Along with Colombia and Peru, Bolivia is widely recognized as a leading world producer of coca, the raw ingredient for cocaine, but the government has long maintained production of consumption-ready cocaine was limited. "They are trying to turn our nation from being a drug transit country to a drug-producing country," he added and presented a drug trafficking map of some 1,804 drug factory busts since 2020, the "vast majority" in Chapare, he said. "At the same time Bolivia has managed to transition from basic paste to hydrochloride." "In Bolivia we are experiencing a dispute between two factions of the MAS, each one pointing the finger at the other suggesting that they are protecting drug traffickers." Reporting by Monica Machicao; Writing by Daniel Ramos; Editing by Adam Jourdan and Howard GollerOur Standards: The Thomson Reuters Trust Principles.
Persons: LA, Evo Morales, Eduardo del Castillo, MAS President Luis Arce, Morales, Carlos Toranzo, Arce, Toranzo, Monica Machicao, Daniel Ramos, Adam Jourdan, Howard Goller Organizations: Departmental Association of Coca Producers, MAS President, MAS, Reuters, Thomson Locations: La Paz, Bolivia, LA PAZ, Colombia, Peru, Chapare, Bolivian, MAS
Bill Richardson, the former New Mexico governor, U.S. ambassador to the United Nations and Secretary of Energy under President Bill Clinton, has died. Mickey Bergman, Vice President of the Richardson Center, commented in a statement on Saturday, "Governor Richardson passed away peacefully in his sleep last night. "There was no person that Governor Richardson would not speak with if it held the promise of returning a person to freedom. Richardson came to New Mexico in 1978 and chose to run for political office in the state because of its Hispanic roots. Rep. Gabe Vasquez shared a heartfelt message calling Richardson a "titan in New Mexico and abroad."
Persons: Bill Richardson, Bill Clinton, Richardson, Mickey Bergman, Governor Richardson, Bergman, Brittney Griner, Griner, Saddam Hussein, Fidel Castro, Kim Jong, " Richardson, William Blaine Richardson, Barack Obama, Hillary Clinton, Obama, Richardson's, Gabe Vasquez, Vazquez, Sen, Ben Ray Luján, Luján Organizations: New, United Nations, Energy, Richardson Locations: New Mexico, U.S, Moscow, Bangladesh, North Korea, Sudan, Colombia, Iraq, Congo, Zaire, Afghanistan, Pasadena , California, Mexico City, American, Albuquerque, Santa Fe, Mexico
Newton-Rex joined WhatsApp four years ago, leaving her high-level position at London-based financial firm WorldRemit for the new gig. Newton-Rex said Zuckerberg has been "a big part of the team," adding that he regularly speaks with Will Cathcart, the current head of WhatsApp. What's up with WhatsApp's business? In June, Meta said the WhatsApp Business app had quadrupled in the past three years to 200 million monthly active users. The Pew Research Center has previously detailed that WhatsApp is the most popular messaging app used by Hispanic Americans.
Persons: Mark Zuckerberg, WhatsApp, it's, It's, sidelining WhatsApp, Rather, Zuckerberg, Jim Cramer, Alice Newton, Rex, Uber, Newton, WorldRemit, Will Cathcart, Nick Lane, Debra Aho Williamson, Williamson, Jan Koum, Brian Acton, Jan Koum David Ramos, Acton, Koum, Meta, Meta's, that's, Mobilesquared's Lane, Lane Organizations: Facebook, Meta, CNBC, Consumers, Netflix, Insider Intelligence, Getty, Reuters It's, Intelligence, Pew Research Center, Twitter, Cambridge, SMS Locations: WhatsApp, India, Brazil, London, Indonesia, Colombia, Singapore, Newton, U.S, Canada, Spain, Italy, Argentina, North
'Zombie' Jabeur refuses to let illness defeat her at US Open
  + stars: | 2023-09-01 | by ( ) www.reuters.com   time to read: +2 min
"I'm a zombie because I have a flu," said Jabeur, adding that she had taken a break in July following her Wimbledon final defeat to stay fresh for the rest of the season. Jabeur said she had been struggling for about a week with the illness and was "taking a lot of medicine". Jabeur meets Czech Marie Bouzkova in the next round and is determined to continue her run. Reuters has reached out to U.S. Open officials about the illnesses and they said they were looking into it. ESPN said earlier this week that John McEnroe was absent from his analyst duties at the U.S. Open after testing positive for COVID.
Persons: Colombia's Camila Osorio, Mike Segar, Linda Noskova, Jabeur, they've, Czech Marie Bouzkova, Dominic Thiem, Chris Eubanks, Hubert Hurkacz, John McEnroe, Shrivathsa Sridhar, Peter Rutherford Organizations: Tennis, U.S, Noskova, Wimbledon, Reuters, U.S ., ESPN, Thomson Locations: Flushing Meadows , New York, United States, Czech, New York, U.S, Bengaluru
Below are five charts showing what's been moved and/or shaken:1/SHOCK FOR THE STOCKSMSCI's 24-country emerging markets (EM) stocks index (.MSCIEF) is down 6% this month. It is still up for the year, though well below the 13.5% gain this year for MSCI's main global index, which has benefited from a boom in U.S. "mega-cap" stocks. "The markets that have underperformed are the lower-yielding markets like Asia," Mike Arno, a portfolio manager at Brandywine Global, said. "The market doesn't seem to think that China is a major threat," said Aegon Asset Management's head of EM debt, Jeff Grills. Reuters Graphics5/OUT OF AFRICAThe other big trouble spot has been Africa, where debt markets have seen a sharp pullback.
Persons: Jason Lee, what's, Tayyip Erdogan's, Katherine Marney, Mike Arno, Jeff, Erdogan, Van Eck's, Eric Fine, Viktor Szabo, Szabo, Marc Jones, Rodrigo Campos, Alex Richardson Organizations: REUTERS, Reuters, JPMorgan, Brandywine, FX, HK, EMBI, abrdn, Thomson Locations: Beijing, China, Africa, MIWD00000PUS, Hungary, America, Brazil, Argentina, Asia, TURKEY, Gabon, Niger, JPMorgan's Africa, London, New York
La evolución de Alexandria Ocasio-Cortez
  + stars: | 2023-08-30 | by ( Lulu Garcia-Navarro | ) www.nytimes.com   time to read: +2 min
Algo en lo que me he centrado mucho más es en crear audiencias en lugares alternativos. Pero, incluso ahora, cuando se producen acontecimientos extraordinarios, como las catástrofes naturales en el estado de Nueva York, creo que es importante poder acceder a una plataforma de mensajería en la que la gente pueda confiar. Y habló de lo importante que es tener en el Congreso un número creciente de latinos interesados en la región. Pero dijo algo que me llamó la atención, y que hizo que me preguntara sobre este momento de su carrera. ¿Mover sus ideas a escala internacional, aunque puedan entrar en conflicto con la política exterior del líder de su propio partido?
This time around, the surge in global interest rates meant banks contributed half the world's dividend growth and drove a quarter of Europe's increase. At the same time, U.S. dividend growth slowed for the sixth consecutive quarter. "But the positive effect on bank margins from the end of years of ultra-low interest rates is very powerful and is driving dividend payouts". The second quarter marks a seasonal high point for Japanese dividends and payouts there rose 8.4% on an underlying basis. Its largest dividend payer, carmaker Toyota (7203.T), accounted for one third of the underlying increase with a 25% hike, despite lower profits.
Persons: Dado Ruvic, Janus Henderson, Ben Lofthouse, Lofthouse, Eli Lilly, Marc Jones, Alex Richardson Organizations: REUTERS, Companies, Global Equity, UnitedHealth Group, Intel, Blackstone, Toyota, HK, Petrobras, PETR4, Thomson Locations: Europe, Italy, Spain, Britain, Ukraine, U.S, Asia, China, Brazil, Colombia
President Biden will host President Rodrigo Chaves of Costa Rica at the White House on Tuesday as their countries try to rein in a surge of migration in the Western Hemisphere. Mr. Biden and Mr. Chaves, who was elected last year, will also discuss economic ties and job creation, administration officials said. The Biden administration’s plan to stem illegal migration in the United States involves cracking down on asylum seekers at the U.S.-Mexico border while working with Central American nations, like Costa Rica, to develop ways for migrants to apply for protection closer to their home countries. Costa Rica recently agreed to build two centers where migrants can be processed for such legal protections without crossing the border. About 38,000 migrants from Colombia, Costa Rica and Guatemala have registered for legal protection through the program.
Persons: Biden, Rodrigo Chaves, Chaves Organizations: White, Central, . Locations: Costa Rica, United States, U.S, Mexico, Colombia, Guatemala
For Migrating Birds, It’s the Flight of Their Lives
  + stars: | 2023-08-29 | by ( Emily Anthes | ) www.nytimes.com   time to read: +17 min
Simone NoronhaFor Migrating Birds, It’s the Flight of Their Lives Leer en españolAmerica’s birds are in trouble. If migrating birds lose their winter refuges, the consequences will ripple across the hemisphere. MissouriMissouri provides breeding habitats for many grassland bird species, which have been faring especially poorly in recent decades. “This is a classic Pacific Northwest to west Mexico species,” Mr. Jiang said. The birds breed at marshes and wetlands across the Western United States and Canada.
Persons: Simone Noronha, , , Viviana Ruiz, Gutierrez, Jeremy Radachowsky, Ken Rosenberg, Deb Hahn, Hahn, Anna Lello, Smith, Sarah Kendrick, Nick Bayly, That’s, Andrew Stillman, Archie Jiang, Mr, Jiang, Dr, Stillman, Camila Gómez, ” Dr, Ruiz Organizations: Center, Avian, Cornell, of Ornithology, Wildlife Conservation Society, Partners, New, New York Metro Area, UNITED STATES, BERMUDA BAHAMAS MEXICO Maya, PERU Moderate, Forest, Association of Fish & Wildlife Agencies, Southern Wings, The, Central, Mesoamerican Alliance for People, Forests Initiative, Forests Initiative . Missouri, CANADA UNITED STATES, BERMUDA CUBA MEXICO VENEZUELA COSTA RICA BRAZIL, U.S . Fish, Wildlife Service, Missouri Department of Conservation, Colorado Colorado, CANADA, ARGENTINA CANADA Colo, U.S, Bird Conservancy, Rockies, , Cornell Atkinson Center for Sustainability, UNITED STATES Calif, Western Locations: North America, United States, Canada, Costa Rican, Caribbean, U.S, eBird, New York, BERMUDA BAHAMAS MEXICO, BRAZIL, PERU, CHILE, ARGENTINA, PERU Moderate CHILE, Forest BRAZIL, CHILE ARGENTINA, Forest BRAZIL PERU, New York City, Bahamas, The New York, Mexico, Guatemala, Belize, Central America, Central American, Forests Initiative ., Forests Initiative . Missouri Missouri, South America, BERMUDA MEXICO VENEZUELA COSTA RICA, Missouri, BERMUDA MEXICO VENEZUELA COSTA RICA BRAZIL, BERMUDA CUBA MEXICO VENEZUELA COSTA RICA, BERMUDA CUBA MEXICO VENEZUELA COSTA RICA BRAZIL PERU, Venezuela, Argentina, Cuba, Central, South, SELVA, Colombia, Costa Rica, Plains, UNITED STATES MEXICO ECUADOR, Colorado, UNITED STATES Colo, MEXICO ECUADOR BRAZIL, Northern Mexico, Texas, California, West Coast, Alaska, Pacific, MEXICO, URUGUAY ARGENTINA Alaska, Salt, CHILE URUGUAY ARGENTINA Alaska, BRAZIL PERU BOLIVIA, URUGUAY ARGENTINA, Sierra Nevada, Chile, Western United States
Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBRUSSELS, Aug 29 (Reuters) - Binance, the world's largest cryptocurrency exchange, said it had set up a Polish entity to serve clients in Belgium, after Belgium's regulator ordered Binance to cease offering virtual currency services in the country. Binance said in a statement the new entity ensures that the company can comply "with its regulatory obligations and can continue to provide services to Belgian users". U.S regulators sued the crypto exchange and Zhao in June for allegedly operating a "web of deception". This month Mastercard (MA.N) said it had decided to end four crypto card partnerships with Binance in Argentina, Brazil, Colombia and Bahrain.
Persons: Dado Ruvic, Binance, Changpeng Zhao, Zhao, Sudip Kar, Edwina Gibbs Organizations: REUTERS, Rights, Mastercard, Binance, Thomson Locations: Belgium, Shanghai, Argentina, Brazil, Colombia, Bahrain
"It wasn't an easy match, she plays unbelievable and I'm not feeling my best today," Jabeur said in her on-court interview before the crowd sang "Happy Birthday" to her. While serving with a 4-3 lead Jabeur told the chair umpire she was having trouble breathing and then went on to lose the game as Osorio broke to get the match back on serve. A determined Jabeur dug deep and won three consecutive games to wrap up the opening frame in 59 minutes before leaving the Louis Armstrong Stadium court. Both players struggled to defend their serve in the second set where Jabeur broke for a 4-3 lead and, with the finish line in sight, turned aside two break points to hold for a 5-3 advantage. Reporting by Frank Pingue in Toronto Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
Persons: Colombia's Camila Osorio, Mike Segar, Jabeur, Osorio, Louis Armstrong, Czech Linda Noskova, Frank Pingue, Toby Davis Organizations: Tennis, U.S, Wimbledon, Louis Armstrong, Tunisian, Louis, Colombian, Thomson Locations: Flushing Meadows , New York, United States, Czech, Toronto
[1/2] The logo of Italian energy company Eni is seen at the booth of Eni during the Nigeria International Petroleum Summit in Abuja, Nigeria February 10, 2020. Under the revised terms, Eni and Repsol can supply the state company with fuels, potentially helping Venezuela ease an intermittent scarcity that has led to long lines at gasoline stations in recent years. Eni and Repsol were not immediately available to respond to a Reuters request for comment. Crude received by Eni and Repsol under their swap deal has mostly been sent to Repsol's refineries in Spain. The field is run by the Petrosucre joint venture between Eni and PDVSA.
Persons: Afolabi, Repsol, PDVSA, Joe Biden's, Perla, Marianna Parraga, Francesca Landini, Pietro Lombardi, Mircely, Matt Spetalnick, David Holmes Organizations: Eni, Nigeria International Petroleum Summit, REUTERS, Companies, U.S . State Department, Kuwait Petroleum, Repsol, U.S . Treasury, PDVSA, Perla, Washington, Thomson Locations: Nigeria, Abuja, HOUSTON, Venezuela, Europe, Venezuelan, PDVSA's, Italy's Milazzo, Kuwait, U.S, Spain, Chevron, American, Venezuela's Gulf, Colombia, Milan, Madrid, Maracay, Washington
Honduras arrests mayor accused of trafficking cocaine to US
  + stars: | 2023-08-27 | by ( ) www.reuters.com   time to read: +2 min
Wilmer Wood, mayor of Brus Laguna, sits after being detained by armed forces on drug trafficking charges, in La Ceiba, Honduras in this undated handout photo released August 27, 2023. Public Ministry of Honduras/Handout via REUTERS Acquire Licensing RightsTEGUCIGALPA, Aug 27 (Reuters) - A mayor in Honduras was arrested on Sunday on charges of working with drug cartels to smuggle 90 tons of cocaine to the United States by boat and plane. He is accused of working with three cartels: Los Piningos, Los Yanez and Los Amador. Galindo said that independently of the three cartels, Wood personally received 30 tons of cocaine and moved it through Honduras so it could be transported to the United States. Former President Juan Orlando Hernandez was extradited to the United States on drugs and weapons charges last year.
Persons: Wilmer Wood, Wilmer Manolo Wood, Jorge Galindo, Los Yanez, Los, Wood, Galindo, Juan Orlando Hernandez, Xiomara Castro, Gustavo Palencia, Sarah Morland Organizations: Public Ministry, REUTERS Acquire, Rights, Authorities, Thomson Locations: Brus Laguna, La Ceiba, Honduras, Handout, Rights TEGUCIGALPA, United States, Nicaragua, Los Amador, Colombia, Central America, Mexico, Atlantic, Tegucigalpa
Embattled cryptocurrency exchange Binance has lost some business with payment card networks Mastercard and Visa. Where available, users can also shop with crypto and send crypto using Binance Pay, a contactless, borderless and secure cryptocurrency payment technology designed by Binance," the company added. Mastercard confirmed that it is ending the partnership, with a spokesperson telling CNBC that, from Sept. 22, four pilot Binance co-branded Mastercard card programs the company had with Binance in Argentina, Brazil, Colombia and Bahrain "will no longer be in use." "This provides cardholders with a wind-down period to convert any holdings in their Binance wallet," the Mastercard spokesperson said. "There is no impact on any other crypto card program."
Persons: Binance Organizations: Visa Inc, Mastercard Inc, Mastercard, Visa, Twitter, CNBC, Binance, Bloomberg Locations: Tiskilwa , Illinois, U.S, America, Argentina, Brazil, Colombia, Bahrain, Europe
A widely-shared video of a car and a tree being washed away during floods was shot in Maracay, Venezuela in 2022 not – as many are wrongly saying online - in Santiago, Chile in 2023. Two people died and thousands have been evacuated or left homeless after rains caused flooding in central-southern Chile, Reuters reported on Aug. 21, 2023 (here). Examples of posts wrongly describing the 2022 Venezuela video as a scene from Chile can be seen on Facebook (here) and on messaging platform X, formerly known as Twitter (here) (here). A building with the words “Walio Supermercado” (ibb.co/qd4rkgV) can be seen in the background in a longer version of the clip (imgur.com/gallery/yNNfEyf). Video shows floods in Venezuela in October 2022, not Chile in August 2023.
Persons: Read Organizations: Reuters, Facebook Locations: Maracay, Venezuela, Santiago , Chile, Chile, Colombia, Venezuelan, El Castano
Mastercard, Binance to end crypto card partnership
  + stars: | 2023-08-24 | by ( ) www.reuters.com   time to read: 1 min
LONDON, Aug 24 (Reuters) - Mastercard (MA.N) and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22, a spokesperson for Mastercard said via email on Thursday. The Binance cards allowed users to make payments in traditional currencies, funded by their cryptocurrency holdings on the exchange. The decision will not impact any of Mastercard's other crypto card programs, the spokesperson said. Reporting by Elizabeth HowcroftOur Standards: The Thomson Reuters Trust Principles.
Persons: Elizabeth Howcroft Organizations: Mastercard, Thomson Locations: Argentina, Brazil, Colombia, Bahrain
[1/5] Archaeologists work on a 4,500-year-old polychrome wall, part of a temple belonging to the Late Preceramic period, in the Huaca Tomabal in the Valley of Viru, Peru August 18, 2023. Feren Castillo/PAVI/Handout via REUTERS Acquire Licensing RightsLIMA, Aug 24 (Reuters) - An ancient polychrome wall discovered in northern Peru is believed to be over 4,000 years old and could have been part of a ceremonial temple, according to archaeologists, offering new insights into the region's historic cultures. The remains of the ancient building were revealed in the Viru Valley, some 480 km (298 miles) north of Lima. "The most important section ... must have been a pre-ceramic temple, with a hearth at its center that we will likely be able to excavate later," he said. Reporting by Anthony Marina, Writing by Marco Aquino and Isabel Woodford; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.
Persons: Feren Castillo, Castillo, Anthony Marina, Marco Aquino, Isabel Woodford, Sandra Maler Organizations: REUTERS Acquire, Rights, La Libertad, Thomson Locations: Viru, Peru, Handout, La, Lima, Ica, Machu Picchu, Cusco, Ecuador, Colombia, Chile
Francisco Barbosa, Colombian Attorney General speaks during an interview with Reuters in Bogota, Colombia March 24, 2023. REUTERS/Luisa Gonzalez/File Photo Acquire Licensing RightsBOGOTA, Aug 23 (Reuters) - Colombia's attorney general on Wednesday defended the credibility of intelligence reports that ELN rebels were plotting to kill him and two other people despite denials by the ELN and military. Two weeks ago, Attorney General Francisco Barbosa reported that the National Liberation Army (ELN) guerrilla group planned to assassinate him using a sniper. The ELN has denied it planned the attacks, while Colombia's government has said it had no received no such reports. For two years, intelligence sources have known about the ELN's plan to carry out an attack in Bogota, the attorney general's statement said.
Persons: Francisco Barbosa, Luisa Gonzalez, General Francisco Barbosa, Maria Fernanda Cabal, Eduardo Zapateiro, ELN, Barbosa, Ivan Velasquez, Antonio Garcia, Luis Jaime Acosta, Oliver Griffin, Cynthia Osterman Organizations: Colombian, Reuters, REUTERS, Rights, Wednesday, National Liberation Army, Democratic Center, Defense, Twitter, Thomson Locations: Bogota, Colombia, Rights BOGOTA, Colombia's
Colombia banks call for measures to help liquidity squeeze
  + stars: | 2023-08-23 | by ( ) www.reuters.com   time to read: +1 min
BOGOTA, Aug 23 (Reuters) - Colombia's banks have called on the country's central bank to tackle liquidity issues amid lower-than-expected government spending and compliance with international regulatory framework Basel III, which strengthens bank risk management. Analysts attribute the financial system's decrease in liquidity to the government's slower budgetary spending and higher tax collection. The funds are stored in the central bank and have not flowed into the economy. Furthermore, banks are required to retain a certain level of reserves under Basel III, adding to the liquidity strain, Asobancaria said. The liquidity needs of banks have seen commercial interest rates rise above the central bank's benchmark rate of 13.25%.
Persons: Asobancaria, Nelson Bocanegra, Oliver Griffin, Josie Kao Organizations: Basel III, Thomson Locations: BOGOTA, Basel, Colombian
Before Petro, Colombia had been governed for decades by liberal and conservative parties forming part of the broader Colombian political right. A demonstrator holds a tainted image of Colombian President Gustavo Petro (left) during an anti-government protest in the capital on August 16. Luisa Gonzalez/ReutersBut what about young Colombians, who, like me, are worried about the direction Petro is taking the country? Ivan says he was drawn to Petro because, “he always had a message about generating free quality education for young people. His successor, President Nicolas Maduro, continued Chavismo policies that have destroyed the Venezuelan economy.
Persons: Kristina Foltz, Read, — Gustavo Petro —, I’m, — Nicolas Petro —, Nicolas ’, Petro, Gustavo Petro, Luisa Gonzalez, Ivan Oros, , , Ivan, , Ivan’s, Juan Manuel Santos, Ivan Duque’s ‘, he’s, Nicolas —, Ariel Ricardo Armel, Juan Valdez, ” Ariel, Hugo Chavez, Nicolas Maduro, Ariel, Armando Duarte Galan, governability, it’s Organizations: Rotary Ambassador, CNN, Petro, Reuters, La Primavera, Revolutionary Armed Forces, Colombian, University of Pamplona, Social Communications, Colombian Organization, Students, El, SISBEN, WHO, US, Twitter, Facebook, Plaza Bolivar Locations: Bogotá, Colombian, Latin America, Colombia, Venezuela, Venezuelan
The Liberian MSC UNITED VIII container ship transits in the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama March 10, 2023. The Panama Canal Authority last week opened two additional slots per day for vessels without booking to transit to help clear bottlenecks on both sides of the interoceanic corridor. As of Tuesday, 125 booked and non-booked vessels were waiting to pass, down from more than 160 ships two weeks ago, according to official numbers. However, the average wait time for vessels to pass has risen to between 10 and 11 days this month, from 6-7 days last month. The waiting surpasses 17 days for cargo vessels and liquefied petroleum gas carriers, and is almost 13 days for tankers.
Persons: Aris Martinez, Gustavo Petro, Andres Manuel Lopez Obrador, Abe Eshkenazi, Elida Moreno, Marianna Parraga, Marguerita Choy Organizations: Liberian MSC UNITED, REUTERS, PANAMA CITY, Panama Canal Authority, Reuters, Tuesday, Panama, U.S, U.S ., Association for Supply Chain Management, Thomson Locations: Cocoli, Panama, Panama City, PANAMA, Asia, South America, Europe, China, U.S . West Coast, Chicago, Houston
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