An aerial view of the huge “port” of Chancay in the small town of Chancay, 78 kilometers north of the Peruvian capital Lima, on October 29, 2024. — AFP Chinese President Xi Jinping launched a week-long diplomatic push in South America on Thursday by opening a massive deep-water port in Peru, a $1.3 billion investment … Read more
The race for Latin America and the Caribbean’s super-rich assets continues as global powers compete with local giants. Multinationals and giant private banks are increasingly looking to Latin America as a cornerstone of their growth strategy. Recently, global giants including Citi, UBS, BBVA and Santander have revamped their teams and opened new divisions in the … Read more
Led by Brazil, an innovative group of fintech companies is rapidly growing in Latin America, filling gaps in services ranging from lending to payment platforms and mobile banking. Latin America has proven itself to be a magnet for fintech investment. The region has received $15.6 billion in investment for fintech providers over the past 10 … Read more
Natural disasters seriously affect the economies of Latin American countries. But the region can become a global leader in promoting green solutions. 2023 has cost Latin American economies $20 billion in natural disaster damage, the highest since Hurricane Maria hit Puerto Rico in 2017. In terms of numbers, the regional impact and cost are consistent … Read more
The race for Latin America’s massive stablecoin market has become more competitive. Following the successful launch of Circle’s proprietary USDC via behemoth banks BTG Pactual and Nubank in March, the unicorn Latin American startup Mercado Libre has rolled out its commission-free dollar-backed stablecoin, the Meli Dolar. Pegged 1-to-1 to the US dollar, the Meli Dolar … Read more