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☆ Spain's mortgage relief plans may mean higher provisions, Santander CEO says
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

MADRID, Nov 22 (Reuters) - Santander (SAN.MC) said on Tuesday that Spain's mortgage relief plans could lead to an increase in bad debt provisions and use up more capital reserves. The Spanish government and the country's banks on Monday reached an agreement in principle on mortgage relief measures, such as extending loan repayments, for more than one million vulnerable households and on help for middle-class families. Alvarez said even small changes in how a potential mortgage refinancing or extension is done could have an impact on capital consumption related to the bank's mortgage loans. Alvarez also said Santander had still not signed off on the mortgage support agreement though it planned to do so. The CEO also said care must be taken to ensure the support measures do not make access to loans more difficult.

☆ Colombia finance minister opens door to international financing
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +1 min

BOGOTA, Nov 17 (Reuters) - Colombia Finance Minister Jose Antonio Ocampo on Thursday opened the door to possible financing in international markets for the Andean country, if the recent trend in falling borrowing costs continues. The South American country has already met its targeted debt level in foreign and local markets this year. Ocampo had previously shut down the possibility of looking for financing in international markets in recent months due to the high costs of debt caused by rising interest rates worldwide, saying Colombia would focus on multilateral banking instead. "If this trend (of decreasing international financing costs) continues, as we have seen in recent days, the possibility of going to the private international market will also be open for the government," Ocampo said at a forum in Bogota. Reporting by Carlos Vargas and Nelson Bocanegra; Writing by Oliver Griffin; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico's FEMSA to purchase financial services NetPay in B2B fintech bid
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: 1 min

MEXICO CITY, Nov 7 (Reuters) - Mexico's FEMSA (FEMSAUBD.MX) has signed an agreement to purchase financial services company NetPay as the retailer and Coke bottler expands its digital payments portfolio into business-to-business transactions, the company said on Monday. "This acquisition will allow us to extend our value proposition to micro, small and medium-sized companies," Digital@FEMSA Chief Executive Jose Antonio Fernandez said in a statement to Mexico's main stock exchange. FEMSA had purchased a minority stake in NetPay in 2019, it added, and hopes to complete the full purchase by the first quarter of 2023. Reporting by Kylie Madry; Editing by Christian PlumbOur Standards: The Thomson Reuters Trust Principles.

☆ Colombia Unnerves Markets With Higher Taxes on Oil, Wealth to Boost Antipoverty Spending
▼ + stars: | 2022-11-05 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

BOGOTÁ, Colombia—Colombia is set to increase taxes on wealthy individuals and extractive industries to pay for antipoverty and rural development initiatives, as the leftist government grapples with a fall in the peso that has outpaced that of most emerging market currencies. Investor concerns over the government’s progressive platform are overblown, Finance Minister José Antonio Ocampo said in an interview Friday. He said critics are generating hysteria that has led to a 20% drop in the peso’s value against the U.S. dollar since President Gustavo Petro took office Aug. 7.

☆ Colombian $4 billion tax reform becomes law, duties on oil and coal hiked
▼ + stars: | 2022-11-04 | by ( Carlos Vargas | ) www.reuters.com time to read: +2 min

BOGOTA, Nov 3 (Reuters) - Colombia's Congress on Thursday approved a tax reform bill that will raise an additional 20 trillion pesos ($4 billion) annually for the next four years, in part through increased duties on oil and coal. The new law, the centrepiece of new President Gustavo Petro's economic policies, seeks to fund social projects and put the country's public finances in order. The new law states that oil companies will be taxed an additional 5% when international prices are between $67.3 and $75 per barrel. Oil and mining companies will also not be able to deduct the value of royalties from income taxes. ($1 = 5,015.84 Colombian pesos)Reporting by Carlos Vargas; Writing by Julia Symmes Cobb; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

☆ Colombia's finance minister asks central bank to discuss futures markets liquidity
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

BOGOTA, Oct 26 (Reuters) - Colombian Finance Minister Jose Antonio Ocampo has asked the country's central bank to discuss liquidity in futures markets in its monthly meeting this Friday, he said on Wednesday, at a time when local currency and public debt are experiencing turbulence from domestic uncertainty. "There is an issue that I have asked the (central) bank for us to discuss on Friday about futures markets, about how liquid or not those futures markets are," Ocampo told reporters. In 2020, during the worst of the coronavirus pandemic, Colombia's central bank took extraordinary measures to boost liquidity, such as foreign exchange hedging via auctions for the sale of dollars through forward operations, or "swaps." In a recent Reuters poll, 12 out of 14 analysts forecast the central bank will raise its benchmark interest rate by 100 basis points to 11% on Friday. One of the analysts projected a hike of 75 basis points and another forecast an increase of 50 basis points.

☆ Colombia central bank will raise rate to 11%
▼ + stars: | 2022-10-21 | by ( Nelson Bocanegra | ) www.reuters.com time to read: +2 min

BOGOTA, Oct 21 (Reuters) - Colombia's central bank board will raise the benchmark interest rate at its meeting next week, which is likely its penultimate increase in a cycle meant to counteract inflation, analysts said in a poll on Friday. Twelve of 14 analysts surveyed said the seven-member board will increase borrowing costs by 100 basis points to 11%, while one analyst predicted a 75 basis point raise and another projected a 50 basis points uptick. The bank has increased the rate by 825 basis points since the start of this cycle in September 2021. The bank will likely make its last increase, of 50 basis points, in December, those polled said. But Ocampo acknowledged it would be difficult not to raise costs in tandem with other central banks.

☆ Colombia gov't agrees to ease tax changes to oil, mining
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterColombia's President Gustavo Petro addresses the media after a meeting, in Bogota, Colombia July 22, 2022. The threshold for the export tax on oil will now be $71 per barrel, compared to a previous $48 per barrel. The reform may not raise 25 trillion pesos in additional income next year, Ocampo said, though he did not give more details. Meanwhile a proposal to raise taxes on gasoline will be scrapped, and more changes to the bill are expected next week. Thousands marched earlier on Monday to urge changes to the reform, which would also raise taxes on those earning more than $2,259 per month, about 10 times the minimum wage, and eliminate exemptions.

☆ Cubans head to polls to vote on government-sponsored code to legalize gay marriage, adoption
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +3 min

referring to a family code referendum to take place on September 25, is displayed in Havana, Cuba, September 19, 2022. Register now for FREE unlimited access to Reuters.com Register"My expectation is that most of the population will vote 'yes'," Diaz-Canel said. The code, which has undergone 25 drafts, nearly 80,000 townhall-style meetings and 300,000 suggestions from the public, is expected to draw millions of Cubans to the polls. There are no independent, outside observers of Cuban elections, however, citizens may observe the count at their precincts immediately following the vote. "The vote will be close ... aspects of this code have divided the opinions of the public, even families," she said.

Demonstrators take part in a protest for democracy and free elections and against Brazil's President Jair Bolsonaro, at Paulista Avenue in Sao Paulo, Brazil, August 11, 2022. Register now for FREE unlimited access to Reuters.com Register"One thing is certain about this election: President Bolsonaro will only accept one result – victory. When pressed in interviews, Bolsonaro says he will respect the election result as long as voting is "clean and transparent," without defining any criteria. Demonstrators cited the big crowds as evidence that opinion polls are skewed and electoral fraud is Lula's only hope. The Brazilian president has warned that the aftermath of Brazil's election this year could be worse than the fallout from that contested U.S. vote.

Ron DeSantis sent two planes of mostly Venezuelan asylum-seekers to Martha's Vineyard in Massachusetts, advertising executive Max Lefeld slammed the move as a political stunt. A group of migrants huddle on a sidewalk in front of St. Andrews Episcopal Church in Martha's Vineyard, Mass. The divisions largely fall along political lines, with Venezuelan Republicans defending DeSantis and Democrats blasting the move. Venezuelan migrants often cross the perilous Darien Gap in the Colombia-Panama border and then make their way north across Central America. Now many Venezuelans are divided, with Republicans defending DeSantis’ move to send Venezuelans to Martha’s Vineyard and Democrats condemning it.

☆ Insulele Canare, noua destinație a refugiaților. Localnicii se tem că își vor pierde turiștii
▼ + stars: | 2020-12-06 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +3 min

Aproape zilnic, zeci, chiar sute de migranți sunt salvați în largul coastei de sud a Insulei Gran Canaria și sunt aduși în siguranță în portul Arguinegín. De câteva luni , Ricardo și colegii săi privesc cum numărul migranților ajunși pe insulă tot crește . Cineva trebuie să ia atitudine”, spune Ricardo Ortega. „Cred că este o strategie a Uniunii Europene și a guvernului spaniol. Gran Canaria nu ar putea rezista unor condiții similare, spune el, autoritățile nu pot permite să se ajungă acolo.

Persons: Ricardo Ortega, Ricardo, migranții, Jose Antonio Rodriguez, Ba, Antonio Morales Organizations: Gran, Uniunii Europene, Gran Canaria Locations: Insulei Gran Canaria, Arguinegín, Senegal, Mali, Maroc, Gran Canaria, Atlanticului, Insulele Canare, Europa, Europa continentală, Gran, Lampedusa, Lesbos, Spania

We have also added Arab and West Indian ancestry groups to this list, since they represent significant ethnic groups when counted together even if they don't make the list when tracked for specific countries. Notable Americans with Mexican ancestry include Tony Romo, Eva Longoria, Salma Hayek, Mario Lopez, Jessica Alba, Joan Baez, Carlos Santana, and Louis C.K. 19,911,467 AmericansA large number of people claim American ancestry, either as a political statement or because their pre-American ancestry is mixed or uncertain. Notable Americans with Native American ancestry include Wilma Mankiller, John Herrington, Sitting Bull, and Armie Hammer. Notable Americans with Indian ancestry include Mindy Kaling, Kal Penn, Padma Lakshmi, M. Night Shyamalan, Indra Nooyi, and Aziz Ansari.

Persons: Sandra Bullock, John Steinbeck, Ben Affleck, Jessica Biel, Tom Cruise, Uma Thurman, David Letterman, Walt Disney, Henry J, Heinz, Oscar Mayer, slavesfrom, Barack Obama, Condoleezza Rice, Oprah Winfrey, Michael Jordan, Denzel Washington, Beyoncé Knowles, John F, Kennedy, Neil Armstrong, Henry Ford, Scott Fitzgerald, Conan O'Brien, Derek Jeter, Elvis Presley, Bruce Springsteen, Tony Romo, Eva Longoria, Salma Hayek, Mario Lopez, Jessica Alba, Joan Baez, Carlos Santana, Louis C.K, Justin Timberlake, Clint Eastwood, Orson Welles, Seth MacFarlane, George Clooney, Cher, Liza Minnelli, Ernest Hemingway, Bill Gates, Maria Bartiromo, Robert De Niro, Francis Ford Coppola, Quentin Tarantino, John Krasinski, Lisa Kudrow, Frank Gehry, Gloria Steinem, Richie Sambora, Warren Buffett, Louis Chevrolet, Zooey Deschanel, Ellen DeGeneres, Paul Revere, Henry David Thoreau, Anthony Bourdain, Reese Witherspoon, Lucille Ball, Robert Downey Jr, Johnny Cash, Lyndon B, Johnson, Edgar Allen Poe, Malcolm X, Ulysses S, Grant, Andrew Jackson, Wilma Mankiller, John Herrington, Sitting Bull, Armie, Thomas Edison, Walt Whitman, Theodore Roosevelt, Jones, Jennifer Lopez, Joaquin Phoenix, Marc Anthony, Ricky Martin, Geraldo Rivera, Lance Armstrong, Sally Ride, Michelle Williams, Renée Zellweger, Mark Wahlberg, Buzz Aldrin, Matt Damon, Phil Mickelson, Mamie Eisenhower, Charles Lindbergh, Gold Rush, Ma, Lucy Liu, Alexander Wang, Derek Lam, Phillip Lim, Vera Wang, Christine Chen, Michelle Kwan, Dan Lin, Michael Bloomberg, Leonardo DiCaprio, Milla Jovovich, Sean Penn, Natalie Portman, Joan Rivers, Michelle Trachtenberg, Mindy Kaling, Kal Penn, Padma Lakshmi, Indra Nooyi, Aziz Ansari, Colin Powell, Rihanna, Lenny Kravitz, Tim Duncan, Jose Antonio Vargas, Bruno Mars, Monique Lhuillier, Rob Schneider, Hailee, Celine Dion, Angelina Jolie, Justin Theroux, Chelsea Clinton, Thomas Jefferson, Abraham Lincoln, Hillary Rodham Clinton, Jorge Posada, Desi Arnaz, Gloria Estefan, Narciso Rodriguez, Sabi, Christy Turlington, Carlos Hernández, Edward Said, Ralph Nader, Steve Jobs, Hala Gorani, Frank Zappa, Margaret Quigley, Tyga, Cung Lee, Eugene H, George W, Bush, Estée Lauder, Jason Mraz, Sissy Spacek, Milton Friedman, John Kerry, Paul Simon, Paul Newman, Louis CK, Kate Hudson, Steven Spielberg, Drew Barrymore, Calvin Klein, Teresa Heinz Kerry, Tony Coelho, Katy Perry, Tom Hanks, James Franco, Jamie Chung, Nelson Chai, Sandra Oh, Won Chang, Young Lee, Mary Kate, Ashley Olsen, Scarlet Johansson, Lars Ulrich, Metallica, Hanson, Iggy, Rafael Trujillo, Sammy Sosa, Junot Díaz, Oscar De La Renta, Alex Rodriguez, Zoe Saldana, Jennifer Aniston, Bob Costas, Tina Fey, John Stamos, George Papanicolaou Organizations: Census, Survey, Cornell West, Immigrants, Immigration, Canadian, Louisiana Creole, U.S, Scottish, -, East Coast, The New York Times, Dutch Immigrants, Puerto Rican Puerto Ricans, Puerto Ricans U.S, Citizenship, Puerto, Puerto Rican, Ireland, Dakotas, Gold, U.S ., Indian, Virgin, West Indians, Canadian French Canadian, Welsh Quakers, Cuban Cubans, Salvadoran, Puerto Ricans, Arab American Institute, American, Metro, Tri, San, Korean, Danes, Iggy Pop, European Union Locations: U.S, Indian, Alaska, West, America, Maricopa County , Arizona, Saharan Africa, slavesfrom West, Central Africa, Ireland, United States, New York, Boston, Philadelphia, Chicago, San Francisco, Los Angeles, Houston, Phoenix, San Diego, Dallas, San Antonio, Northwest, California, Louisiana, Suffolk County , New York, Buffalo, Detroit, Cleveland, Milwaukee, France, Louisiana , Massachusetts, Michigan, Scotland . California , Florida , Texas , New York, Ulster, Northern Ireland, New England, Appalachia, East, East Coast ., Scotch, New Mexico, South Dakota , Oklahoma, Montana, York City, New Amsterdam, Ohio, California , New York, Pennsylvania, Puerto Rican, Puerto Ricans, Florida , New Jersey, Manhattan, Europe, Norwegian, Midwest, Minnesota, Wisconsin, Iowa, , Minnesota, West Coast, Hawaii, New York City, Maryland, North Dakota, South Dakota, California , New York , New Jersey , Texas, Illinois, British West Indian, Dutch, Virgin Islander, . California, New York , Illinois, Texas, Quebec, Maine, French, Welsh, Morgan, Cuban, Florida, New Jersey, El Salvador, America . California , Texas , New York, Virginia, Long, Puerto, Egypt, Iraq, Jordan, Lebanon, Morocco, Palestine, Syria, Detroit , New York, Washington, Vietnam, Czech, Czech Republic, Texas , Illinois , Wisconsin , Minnesota, Nebraska, Hungarian, Portuguese, Metro Boston, Oakland, China, New York , New Jersey , California, California , Utah, Dominican Republic, Dominican Americans, New York , New Jersey , Florida , Massachusetts, Dominican, Greece

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