Central America

The UK's FTSE 100 ended flat on Wednesday as investors remained cautious ahead of the U.S. Federal Reserve interest rate decision that would be made later in the day. Energy stocks also helped to keep declines at bay. The blue-chip FTSE 100 index was barely changed while the domestically focused FTSE 250 Index edged up 0.1%. The energy sector led the gains in all sectors, boosted by rising oil prices and hopes for a rise in U.S. demand and a limited ceasefire between Ukraine & Russia. . The Fed's decision to change its policy will be the highlight of a...

On Tuesday, President Donald Trump doubled the planned tariffs on steel and aluminum imports from Canada. This was in response to Ontario's decision on Monday to impose a 25% tariff for its electricity exports into the U.S. Trump posted on his Truth Social media page that he had instructed his Commerce Secretary to impose an additional 25% tariff for metals products. The new tariff will be in effect Wednesday morning. "Canada must also immediately remove their anti-American Farmer tariff of 250% to 390 % on various U.S. Dairy Products, which is long considered outrageous. "I will declare a National Emergency...

Analysts and trade sources said that Mexican fuel oil cargoes will be heading to Asia and Europe in this month due to higher prices. Traders also plan on diversifying after U.S. president Donald Trump imposed import tariffs this week. Pemex, the state energy company in Mexico, usually sells its heavy crude oil and high-sulfur fuel oil to U.S. Gulf Coast refining plants for processing. However, a 25 percent tariff imposed by Washington on Mexican products on Tuesday has caused cargoes to be diverted. Data from shipping analysts Kpler and Vortexa and trade sources show that Mexico's HSFO exports to Asia...

Howard Lutnick, the U.S. Secretary of Commerce, said that on Sunday tariffs against Canada and Mexico would go into effect starting on Tuesday. However President Donald Trump will decide whether or not to keep with the planned 25% rate. Lutnick said on the Fox News show "Sunday Morning Futures" that "that is a fluid scenario." There will be tariffs on Mexico and Canada on Tuesday. We'll leave it up to the president and his team of negotiators to decide what they are. Lutnick’s comments were Trump's first indication that he may not impose all the threatened tariffs of 25% on...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Elon Musk led a consortium of investors to offer $97,4 billion for the nonprofit OpenAI. This raised the stakes in the battle between him and Sam Altman regarding the company behind ChatGPT. Donald Trump, the President of the United States, announced on Monday 25% tariffs on steel and aluminum imports to the U.S. He also reinstated global duties for allies like Canada, Mexico and South Korea, which were relaxed under the Biden administration. Elliott Investment Management, a...

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. Headlines EU opens the door to UK, Norway and a 'coalition' of willing defence forces Vitol: Oil demand will remain unchanged until at least 2040 EU will'respond strongly' if Trump imposes Tariffs - UK to unveil 100 mln pounds development finance drive View the full article The European Union (EU), governments are looking at ways to include Britain, Norway and other neutral capitals in a "coalition" that will expand the continent's defenses. According to...

The "wait and watch" period for North American businesses is over. U.S. president Donald Trump imposed a 25% tax on goods coming from Canada and Mexico along with a tariff of 10% on China. This could be the beginning stages of a full scale trade war that will cause new headaches to executives who have already been dealing with rising costs for years. Tariffs on imports from the U.S.’s three biggest trade partners could disrupt industries ranging from consumer goods to autos. Before Saturday's announcement of tariffs, executives were able to dodge questions regarding the issue. Many wanted to avoid...

Donald Trump, the U.S. president, said that he expected his administration to implement tariffs on oil and gas by February 18th. It could also reduce the planned tax on some Canadian crude. Refiners in the Midwest of the United States process about 70% of this oil imported by the U.S. Analysts and companies have warned that a tariff on oil imports may lead to a decrease in fuel production at these facilities, and increase costs for consumers. Trump didn't specify a country that would be affected by the new tariffs or give any further details. Trump told reporters at the...

U.S. President Donald Trump's. go back to the White House has actually been met both relief and. dissatisfaction throughout world markets as investors try to exercise. what the next four years will bring. The approach will be chaotic, unpredictable, spur of the. minute and driven by Trump himself, stated Russel Matthews,. senior portfolio manager, international macro at RBC BlueBay Asset. Management. Here's a take a look at some of the winners and losers emerging. from Trump's very first 24 hr in workplace. 1/ NAME CALLING Calling out Canada and Mexico as possible targets for. tariffs took an even more toll...

Brazilian digital loan provider Nubank has actually signed a contract with Mexican convenience shop chain Oxxo, run by FEMSA, to broaden its cash deposit and withdrawal network in the North American nation, the firms revealed on Monday. WHY IT is essential Warren Buffett-backed Nubank, among the Latin America's. biggest firms by market price, has been aiming to scale its. operations in Mexico and Colombia after growing in Brazil, its. home market, where it has more than 100 million consumers. While Nubank's Brazil operations are nearly fully digital,. the lending institution has been utilizing different techniques to grow in. Mexico, where...

Oil producers in Canada and Mexico will likely be required to lower rates and divert supply to Asia if U.S. Presidentelect Donald Trump enforces 25% import tariffs on unrefined imports from the two nations, traders and analysts stated. 2 sources knowledgeable about Trump's plan informed Reuters that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico, in spite of the U.S. oil market's cautions that the policy might harm customers, market and national security. The United States accounts for 61% and 56% of unrefined exports from Canada and Mexico, respectively, ship tracking data from...

Hurricane Rafael was rapidly getting steam on Tuesday afternoon as it downed toward the Cayman Islands in the Caribbean, and will likely become a. cyclone in the next few hours, according to the U.S.based. National Typhoon Center. Rafael was blowing optimal sustained winds of 70 miles per hour (113. kph) after skirting past western Jamaica around mid-day, the NHC. said in a weather report. Residents in Jamaica hunched down, with 4 emergency situation. shelters triggered, according to authorities. No deaths or. injuries were reported as bursts of heavy rain disposed on the. island. As Rafael chugged toward the Cayman Islands,...

The Panama Ministry of Commerce and Industry announced in a Tuesday statement that the mine has been closed by First Quantum. The ministry stated that "any entry by third parties into those facilities was managed unilaterally and without participation or endorsement from the National Government" Minister Julio Molto shared the statement on X and said that Panama is "in process of contracting a thorough audit which aims to objectively and technically evaluate the current status of operations and the impact they have on the environment." First Quantum, the company that owns the Cobre Panama mine, announced on Monday it would...

The UK's benchmark FTSE 100 rose on Monday. Investors were also waiting for more clarity about U.S. president Donald Trump's proposed tariffs. The blue-chip FTSE 100 index was up 0.19%. The domestically-focused FTSE 250 index gained 0.12%. Anglo American Antofagasta Rio Tinto Glencore Fresnillo and Fresnillo are among the top gainers in the blue-chip index. They rose between 3.6% and 2.4%. The copper price in London has also risen, following the weakness of the dollar. The pan-European STOXX 600 index rose 0.4%, led by mining stocks. This week, key economic data will be released including UK inflation numbers, a budget...

Official data released on Wednesday showed that Panama's GDP grew by 2.9% in 2024. This is a significant slowdown from the 7.4% growth of the previous year, due to a decline in air travel and the closure of a large copper mine. Panama's economy grew at a rapid pace in the past decade. However, authorities predicted that growth would slow down, due to the closure by Canadian mining company First Quantum of a copper-mining operation, after clashes over tax contributions and the environmental impact. According to a National Institute of Statistics and Census report, "Air transportation decreased, as well as...

Investors remained cautious ahead of the U.S. Federal Reserve's interest rate decision scheduled for later that day. The blue-chip FTSE 100 dropped 0.2% at 7.40 GMT. Compass Group was among the biggest losers in the blue-chip index. Its shares dropped 4%, after Exane BNP Paribas lowered the stock's rating from "outperform" to "underperform." Metal miners are weakening, with Fresnillo down 2%. Glencore dropped 1.5%, while Anglo American fell 1.3%. This was after HSBC lowered price targets for both mining companies. The Federal Reserve's decision to change its policy is the highlight of a week that has been packed with meetings...

On April 2, the Trump administration will provide trading partners with a proposed U.S. Tariff rate based upon their own tariff rates, non-tariff barriers to trade and other factors. They will also have an opportunity to bargain to avoid a “tariff wall,” U.S. Treasury secretary Scott Bessent stated on Tuesday. Bessent told Fox Business Network "Mornings With Maria" that "each country will receive on April 2 a number which we believe represents its tariffs." "For some nations, it may be very low, and for others, it may be very high." Trump said his "reciprocal duties" will go into effect on...

On April 2, the Trump administration will provide trading partners with a proposed U.S. Tariff rate based upon their own tariff rates, non-tariff barriers to trade and other factors. They will also have an opportunity to bargain to avoid a “tariff wall,” U.S. Treasury secretary Scott Bessent stated on Tuesday. Bessent said Fox Business Network that "on April 2, each country would receive a number which we believe represents its tariffs." "For some nations, it may be very low, and for others, it may be very high." Trump said his "reciprocal duties" will go into effect on April 2 to...

First Quantum, which has closed its Cobre Panama mine, instructed its lawyers on Friday to begin work to suspend arbitration proceedings against Panama. The President of Panama announced on Thursday that his government would allow the exportation of 120,000 tons of copper concentrate, which has been trapped in the closed mine for more than two years. Later, the country’s commerce ministry stated that any negotiations with miner would only be possible if Panama dropped the arbitration case. Manuel Aizpurua is the manager of Cobre Panama. In a memo seen by, he stated that "we have instructed our attorneys to meet...

Mexico's Economy minister Marcelo Ebrard announced on Thursday that his government is in intensive discussions with the United States about Washington's threat to impose tariffs against goods imported from Mexico. Mexico's Economy Minister Marcelo Ebrard said on Thursday that his government was in intensive talks with the United States over Washington's threats to impose tariffs on goods from its No. The United States has threatened, implemented, and paused tariffs against Mexico. This is expected to have an impact on both economies which have been tightly integrated over the past three decades through free trade agreements. As the uncertainty surrounding the...

Donald Trump, the U.S. president, said that he will impose a 200% tariff on all wine and other alcoholic beverages coming from the European Union as long as the bloc does not remove the tariff it has placed on whiskey. The European Commission announced on Wednesday it would impose counter-tariffs on U.S. products worth 26 billion euros (28 billion dollars) from next month. This will intensify a global trading war as a response to U.S. tariffs that cover steel and aluminum. The EU executive, however, said that it was open to negotiation and considered that higher tariffs were not in...

Mexico's president Claudia Sheinbaum said on Wednesday that her government would not immediately retaliate against new 25% tariffs placed by the U.S. for all steel and aluminium imports, but instead wait to see if a resolution can be reached in the next few weeks. The increased tariffs by U.S. president Donald Trump on all imports of steel and aluminum took effect with "no exceptions or exclusions", intensifying the global trade conflict. Sheinbaum told her morning press conference that she would wait until the 2nd of April to see if our definitions of reciprocal tariffs were also applied. Trump argues that...

Mexico is expecting to see a significant increase in the number of companies that are compliant exporting to the U.S., under a regional trading pact, said Economy Minister Marcelo Ebrard on Friday after Washington suspended tariffs on Mexican shipments under the agreement. Ebrard said, in a press conference with President Claudia Sheinbaum that currently, over half of the goods coming from Mexico into the U.S. are compliant to the U.S.MexicoCanada (USMCA), and therefore eligible for the tariff exemption. Announced on Thursday The minister estimated that this figure could rise to between 85% to 90% as companies shift their export practices...

Since returning to office in January, Donald Trump has issued numerous tariff threats. These range from a duty on all imports to a targeted tariff on certain sectors or countries. Trump's threats changed over time. This left other nations and business unclear as to what was next. It also created uncertainty for consumers and triggered a recent stock-market sell-off. Here's a summary of Trump’s threats and actions in relation to trade. BROAD TARIFFS Trump's vision is based on a gradual roll-out of tariffs that will apply to all U.S. imported goods. Last month, Trump asked his team of economists to...