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Bolivia’s first steel complex to come on stream by 2024
Bolivia is on its way to completing its inaugural steel complex, with 75% of the civil works already finished. The authorities anticipate that by 2024, the facility will initiate steel production and open new employment avenues, according to Julio Alvarado, the president of Empresa Siderúrgica del Mutún (ESM). The upcoming industrial facility, entailing an investment […]
Mubadala Eyes Brazil for High-Risk, High-Reward Investments
Sergio Carneiro, Executive Director at Mubadala Capital in Brazil, stated that Brazil has been a source of complex cases for large companies recently. Mubadala, an Abu Dhabi sovereign wealth fund, raised over $710 million to invest in struggling Brazilian corporations. Speaking in Chicago at the MBA Brasil event, Carneiro noted Brazil’s tendency to produce complex […]
Peru’s Central Bank Lowers Key Rate to 7.50%
Peru’s Central Bank announced a rate cut to 7.50%, a 25-point drop from last month. The bank said future cuts will depend on new inflation data. In August, yearly inflation was 5.58%. Monthly rates stood at 0.38%, and core inflation at 0.24%. These numbers have fallen since early 2023 but exceed the 1-3% target range. […]