LatinNews Daily - 4 March 2025

On 3 March Mexico’s President Claudia Sheinbaum reacted cautiously to the imposition of a 25% tariff on Mexican products shipped to the US, indicating that her government had a “Plan A, B, C, and D” to respond to a trade war.... Read More

On 3 March Colombia’s President Gustavo Petro called for an international commission to assess ongoing violence in the north-eastern Catatumbo region, where the military is struggling to push back a major offensive by the Ejército de Liberación Nacional (ELN) guerrilla group.... Read More

*Ecuador’s energy and mining minister, Inés Manzano, has confirmed that operating rights at the Sacha oilfield in Orellana province have been awarded to Sinopetrol – a consortium of Petrolia Ecuador and Amodaimi Oil Company, subsidiaries of Canada’s New Stratus Energy and China’s Sinopec respectively.... Read More

On 3 March the justices of Brazil’s supreme court (STF) unanimously approved new rules to boost transparency in the payments of ‘emendas parlamentares’ – earmarked grants from the federal budget allocated for projects chosen by legislators.... Read More

*The Global Market Intelligence division of international credit ratings agency Standard & Poor's (S&P) has released new figures from its Purchasing Managers’ Index (PMI), which showed a monthly increase in its score for Brazil’s industrial sector in February.... Read More

On 3 March Costa Rica’s security minister, Mario Zamora, and his Panamanian counterpart, Frank Ábrego, held a meeting, after which they said both countries were coordinating efforts to manage the flow of migrants southwards.... Read More

*Costa Rica’s investment promotion agency, Agencia Costarricense de Promoción de Inversiones (Cinde), has announced that Germany’s Heraeus Medevio, a full-service contract design, development, and manufacturing partner to medical device original equipment manufacturers (OEMs), has invested US$35m in expanding its site in Costa Rica’s La Lima Free Zone, Cartago province.... Read More

*Mexico’s central bank (Banxico) has released new figures which show that Mexico received US$4.66bn in remittances in January 2025, up 1.9% year-on-year.... Read More

On 3 March the mayor of Buenos Aires, Jorge Macri, replaced his security minister with the former head of police in the city, Horacio Giménez (2011-2015).... Read More

*Chile’s central bank (BCCh) has released its latest monthly index of economic activity (Imacec), a key measure used to anticipate GDP figures, revealing a 2.5% year-on-year increase in economic activity for January 2025, marking the fourth consecutive month of growth.... Read More