LatinNews Daily - 6 March 2025

On 5 March Mexico’s President Claudia Sheinbaum met with 40 Mexican business leaders to discuss how to respond to the crisis in trade with the US, following the imposition of 25% tariffs on Mexican products by the administration of President Donald Trump.... Read More

On 5 March Ecuador’s constitutional court ordered the creation of an inter-institutional commission to come up with new measures against organised crime and avoid the “perpetuation” of the state of exception that is currently in force.... Read More

*Ecuador’s President Daniel Noboa has released a statement saying that a controversial deal to award operating rights at the highly productive Sacha oilfield in Orellana province is still being negotiated and will not go ahead unless the government receives a payment of US$1.5bn by 11 March from 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 5 March Brazil’s national association of vehicle manufacturers (Anfavea) reiterated concerns over imports from China and called for higher tariffs on shipments of electric vehicles (EVs) and hybrid vehicles.... Read More

*Brazil’s central bank (BCB) has released the latest edition of its Focus bulletin, a weekly survey that contains the forecasts of private sector economists and analysts, which showed an annual inflation forecast of 5.65% for 2025, remaining unchanged from the figure in the previous week's bulletin.... Read More

On 5 March US-based press lobby group Inter American Press Association (Iapa) rejected the previous day’s decision by a Guatemalan appeals court to revoke a measure granting house arrest to prominent journalist José Rubén Zamora, describing it as a “new and alarming violation against freedom of the press and due process in Guatemala”.... Read More

*Leslie Voltaire, the president of Haiti’s transitional presidential council (TPC), has confirmed the launch of international services at the Antoine Simon international airport in Les Cayes, the capital of Sud department in the south-west of the country.... Read More

*Mexico’s national statistics institute has announced that gross fixed capital formation (GFCF) in December 2024 was down by 4.1% in annual terms, and by 2.6% in monthly terms.... Read More

On 5 March Manuel Adorni, the spokesperson of Argentina’s President Javier Milei, said that the government expects a new agreement with the International Monetary Fund (IMF) to be ready to be sent to congress for approval by May.... Read More

*Uruguay’s national statistics institute (INE) has released its consumer price index (IPC) for February, revealing a monthly inflation rate of 0.69%, bringing the annual inflation rate to 5.10%.... Read More