Peru News
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Mario Brescia Cafferata, who with his older brother Pedro built the family business into one of Peru’s largest conglomerates and the country’s second-largest lender, has died, El Comercio reported. He was 83.
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Costa Rican President Laura Chinchilla dismissed two more aides, including the head of the country’s counter-narcotics efforts, after questions arose about her use of a private jet to fly to Peru this month.
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Chile’s central bank kept borrowing costs unchanged yesterday for a 16th consecutive month as policy makers weigh the impact of a consumer spending boom and stagnant manufacturing output.
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SACI Falabella, Chile’s largest retailer by market value, rose the most in a month after its weighting increased in an index that fund managers follow as a benchmark and as Grupo BTG Pactual maintained a buy rating.
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A key aide to Costa Rican President Laura Chinchilla resigned after chartering a flight from a businessman he said was involved in “questionable activities,” becoming the 15th minister to step down in three years.
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Itau BBA, the wholesale arm of Latin America’s biggest bank by market value, said it expects investment-banking fees from Brazil to shrink to about 40 percent of the region’s total from 60 percent now.
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Silver prices on average will fall in 2013 as supplies increase and investor demand ebbs, marking the second straight drop in a projected “multiyear” decline, CPM Group said.
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Peru’s sol slumped the most in two years after a report showed economic growth slowed in March more than analysts forecast.
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Peru’s economy slowed more than analysts expected in March as weaker global growth reduces demand for the country’s metal and manufacturing exports.
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Olam International Ltd., a trader of commodities, said sales volume in the confectionery and beverage division fell 6 percent in the nine months ended March 31 after an epidemic of coffee leaf rust in Central and South America.
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