COLOMBIA

Image

COLOMBIA

410,453

Total Cases

13,475

Total Deaths

230,427

Total Recovered

166,551

Total Active Cases

0

New Deaths

0

New Cases


via reuters08/12/2020

EMERGING MARKETS-Political noise weighs on Brazil's real; Chile plans lockdown easing - Reuters

analyst * Mexican central bank policy decision awaited on Thursday * Colombia peso slips as country tops 400,000 coronavirus cases (Updates prices) By Shreyashi Sanyal and Susan Mathew Aug 12 (Reuters) - Brazil's real fell on Wednesday, weighed by political uncertainty, while currencies of Mexico and Chile firmed as the dollar weakened on a stalemate over U.S. coronavirus relief aid. The real slumped 0.7%. Economy Minister Paulo Guedes on Tuesday said Brazil's privatization secretary, Salim Mattar, had stepped down, unhappy with the slow pace of privatizations so far. Guedes also announced the resignation of the secretary for de-bureaucratization, Paulo Uebel. That brought the number of Guedes' secretaries who have left the government in recent months to four. Last week Guedes had announced that Brazil would announce three or four large privatizations within the next 30-60 days. Data showed Brazil's retail sales ended the first half of the year on a strong footing, surging back to pre-crisis levels as the easing of lockdown measures continued. Investors have cheered signs of a recent pick-up in economic activity in Latin America's biggest economy but are now cautious on the real amid surging COVID-19 cases, a dovish central bank and worsening ties between the United States and China. "We do not expect the BRL to recover until next year, when the crisis has subsided and the markets price out the corona risk," said FX analysts at Commerzbank. Coronavirus cases continued to climb in South America, with Colombia topping 400,000 confirmed cases on Tuesday, as deaths climb toward 13,500. The Colombian peso fell 0.3% against the dollar. The dollar slid as U.S. Treasury Secretary Steven Mnuchin said the White House and top Democrats may not be able to reach a deal on coronavirus aid, in a fifth day without talks. The Mexican peso rose 0.4%. Investors await a central bank policy decision on Thursday with a 50 basis point cut in its key lending rate priced in. Chile's currency firmed as the country's plans to cautiously lift its lockdown on Santiago's central business district and adjoining Central Station on Monday. Among stocks indexes, Argentina's Merval sank 3.5% to post its worst day in six weeks, while Brazil's Bovespa slid 0.7%. Argentina will formally submit its amended debt restructuring offer to the U.S. securities regulator as early as Thursday, two sources said, after an initial agreement was reached with creditors earlier this month to restructure around $65 billion in foreign debt. Most other regional stock indexes were flat to higher. Key Latin American stock indexes and currencies at 1919 GMT: Stock indexes Latest Daily % change MSCI Emerging Markets 1094.31 0.28 MSCI LatAm 1996.08 -0.69 Brazil Bovespa 101459.00 -0.7 Mexico IPC 38707.48 0.01 Chile IPSA 4031.14 0.77 Argentina MerVal 49207.11 -3.513 Colombia COLCAP 1139.21 0.42 Currencies Latest Daily % change Brazil real 5.4497 -0.66 Mexico peso 22.3398 0.21 Chile peso 792.5 0.00 Colombia peso 3755 -0.62 Peru sol 3.5658 -0.17 Argentina peso 73.0400 -0.05 (interbank) (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Bernadette Baum and Leslie Adler)

via reuters08/12/2020

EMERGING MARKETS-Latam FX muted with focus on U.S. stimulus, Brazil's real weakens - Reuters

analyst * Bovespa up after retail sales surge back to pre-crisis levels * Mexican central bank policy decision awaited on Thursday * Colombia peso slips as country tops 400,000 coronavirus cases By Shreyashi Sanyal Aug 12 (Reuters) - Most Latin American currencies traded in tight ranges on Wednesday, as investors questioned the likelihood of fresh stimulus in the United States, while the Brazilian real fell on growing doubts over its pace of recovery this year. The real fell 0.7% and has mostly remained weak since the Brazilian central bank cut interest rates one week ago. Investors have cheered signs of a recent pick up in economic activity in Latin America's biggest economy but are now cautious on the real amid surging COVID-19 cases, a dovish central bank and worsening ties between the United States and China. "The Banco Central do Brasil (BCB) has shown itself to be more dovish and has introduced forward guidance. Not only does this leave the back door open for further monetary easing, it also dampens expectations of rate hikes in the coming year," said FX analysts at Commerzbank. "We do not expect the BRL to recover until next year, when the crisis has subsided and the markets price out the corona risk." Even as Brazil amasses a record debt that has evoked memories of crises past in South America's largest economy, some economists say rock-bottom interest rates and low foreign debt mean the government can continue to spend its way out of recession. Most currencies in the region made sideways moves, with investors focusing on offshore events after U.S. Treasury Secretary Steven Mnuchin said the White House and top Democrats may not be able to reach a deal on coronavirus aid, in a fifth day without talks on the stalemate. Coronavirus cases continued to surge in South America, with Colombia topping 400,000 confirmed coronavirus cases on Tuesday, as deaths climb toward 13,500 and intensive care units in the capital Bogota remain near capacity. The Colombian peso fell 0.3% against the dollar. Mexico's peso was subdued with investors awaiting a central bank policy decision on Thursday. Markets are pricing in a 50 basis point cut in its key lending rate. Among stocks indexes, Brazil's Bovespa rose 0.8% after data showed retail sales ended the first half of the year on a strong footing, surging back to pre-crisis levels as the easing of lockdown measures continued across the country. Shares in Brazilian software firm Linx SA fell 4%, a day after card processor StoneCo said it would buy Linx in a $1.12 billion deal that will transform it into an integrated software and payments provider. Key Latin American stock indexes and currencies at 1426 GMT: Stock indexes Latest Daily % change MSCI Emerging Markets 1092.09 0.08 MSCI LatAm 2004.38 -0.27 Brazil Bovespa 102321.69 0.14 Mexico IPC 38818.04 0.3 Chile IPSA 4031.30 0.78 Argentina MerVal 50312.54 -1.345 Colombia COLCAP 1138.04 0.32 Currencies Latest Daily % change Brazil real 5.4630 -0.90 Mexico peso 22.3737 0.05 Chile peso 793.8 -0.16 Colombia peso 3746.74 -0.40 Peru sol 3.5618 -0.06 Argentina peso (interbank) 73.0400 -0.05 Argentina peso (parallel) 128 2.34 (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Bernadette Baum)

via gzeromedia08/05/2020

What We're Watching: Modi plays to his base, US visit to Taiwan irks China, Colombia arrests ex-leader - GZERO Media

Modi riles up his base: Indian Prime Minister Narendra Modi on Wednesday set the first stone for a new Hindu temple to be built over the remains of a Mughal-era mosque in Uttar Pradesh state. The site, in the town of Ayodhya, has been disputed for decades by Hindus and Muslims, but the Supreme Court...

via reuters08/05/2020

EMERGING MARKETS-Latam assets rise; Brazil's real steady ahead of expected rate cut - Reuters

Most Latin American currencies rose against a weaker dollar on Wednesday, while Brazil's real remained steady ahead of what is expected to the central bank's final interest rate cut in its one-year long easing cycle. The real firmed 0.2% against the dollar as Copom, the central bank's rate-setting committee, is set to cut its key interest rate to a record low of 2.00% later in the day in a final 25 basis points move to cushion an economic collapse. The cut would be the ninth of an easing cycle that started a year ago, as policymakers initially sought to boost the economy in light of President Jair Bolsonaro's poor results in attracting more investment at the beginning of his term. "Following the massive collapse in growth caused by COVID, the current economic indicators in Brazil are signaling an economic recovery, but pre-crisis levels are still a long way off," said Alexandra Bechtel, forex and emerging markets analyst at Commerzbank. "The bar is set high for further rate cuts, in particular as more stable framework conditions (budget deficit etc.) would be required for lower rate levels." Economic activity in Brazil contracted in July for a fifth straight month, a survey of purchasing managers' activity showed, a result of the dominant services sector still struggling under the weight of the COVID-19 crisis. Mexico's peso rose for the first time in seven sessions, gaining more than 1% as the greenback extended declines after a U.S. coronavirus relief package stalled in Congress. A jump in oil prices on a drop in U.S. crude inventories, also supported the Mexican peso as well as oil-exporter Colombia's peso. Even as Latin American assets recovered sharply from March lows, a bounce back to pre-pandemic levels is yet to happen. Economists at Scotiabank say it will take several quarters to return to pre-COVID-19 levels of economic activity even with strong growth into 2021. Stocks in the region outperformed emerging market peers, with MSCI's gauge for Latin American equities surging 2.7%. Brazil's Bovespa led the gains with a 2% rise, as energy company Petrobras jumping more than 6%, tracking higher crude prices. Mexican stocks added 1.2%, as mining company Industrias Peñoles, one of the world's largest silver producers, soared 11% on rising prices of precious metals. Argentina's peso was rangebound a day after reaching an agreement with creditors to restructure around $65 billion in sovereign debt. Key Latin American stock indexes and currencies: Stock indexes Latest Daily % change MSCI Emerging Markets 1102.65 1.2 MSCI LatAm 2055.45 2.66 Brazil Bovespa 103366.60 2.12 Mexico IPC 37844.48 1.01 Chile IPSA 3971.34 1.15 Argentina MerVal 53406.73 2.339 Colombia COLCAP 1143.23 1.31 Currencies Latest Daily % change Brazil real 5.2748 0.16 Mexico peso 22.4322 0.96 Chile peso 776.2 -0.61 Colombia peso 3778.14 0.03 Peru sol 3.5447 0.17 Argentina peso 72.6100 -0.06 (interbank) Argentina peso 125 2.40 (parallel) (Reporting by Shreyashi Sanyal in Bengaluru Editing by Marguerita Choy)


via indiatoday.in08/02/2020

Coronavirus: Over 10,000 dead in Colombia, mainland China reports 49 new cases, more - India Today

The death toll due to coronavirus in Colombia surpassed the 10,000-mark. Meanwhile, China reported 49 cases of the new coronavirus in the mainland for Aug. 1, up from 45 cases a day earlier, the health commission said on Sunday. Of the new infections, 30 were in the far western region of Xinjiang, three were in the northeastern province of Liaoning, and the remaining 16 were imported cases, according to a statement by the National Health Commission. For more, watch this video.

via reuters07/31/2020

EMERGING MARKETS-Chilean peso set for best month ever; Brazil's real slips - Reuters

Chile's peso rose on Friday and was set for its best month on record, aided by improving signs of demand for copper from top consumer China, while the Brazilian real weakened after central bank figures showed a record rise in national debt. The peso gained 0.5% during the session and outperformed its regional peers with an 8.6% jump in July. Prices of copper, Chile's biggest export, ticked higher after strong factory activity data from China. Prolonged lockdown restrictions in Chile have also helped in containing the spread of the novel coronavirus in the country. Capital Economics analysts say Chile is seeing the fastest decline in new per capita coronavirus cases of any major emerging market. "If this trend continues, the drag from cautious household behavior may fade more quickly in Chile than elsewhere in the region." Commodity-linked currencies in Latin America have risen in recent months due to a pick-up in demand in China, which is the region's biggest importer of agricultural products and metals. The MSCI's index for Latin American currencies rose 5.2% in July, set for its biggest monthly gain in 2020 after the dollar tracked its worst month in a decade, on doubts over a U.S. economic rebound as the country struggles to contain its coronavirus outbreak. Emerging market currencies have also seen buying in July on a weakening U.S. dollar and excess liquidity stemming from stimulus packages in developed markets. Brazil's real fell more than 1% after the country's national debt rose to a record 85.5% of gross domestic product and the public sector registered a record $36.5 billion primary deficit in June. The currency of Latin America's biggest economy was still set for a monthly gain of nearly 5%, with investors keeping a close eye around developments on a new tax reform. Economy ministry estimates say the creation of a new value-added tax in Brazil by combining two federal taxes paid by companies could generate up to 373,000 jobs. The Mexican peso continued to decline for the second straight day, after data showed the economy shrunk by a record-breaking 17.3% during the second quarter. The currency was still up for the month. Colombia's peso lagged its regional peers in July, hit by a worsening outlook for oil prices tied to a decline in demand from the United States. Market participants also awaited a policy decision from Colombia's central bank, which is expected to cut its benchmark interest rate for the fifth consecutive month by 25 basis points later on Friday. Key Latin American stock indexes and currencies: Stock Latest Daily % change indexes MSCI Emerging Markets 1077.76 -0.4 MSCI LatAm 2070.46 -1.5 Brazil Bovespa 103862.85 -1.09 Mexico IPC 36754.71 -1.03 Chile IPSA 3970.55 0.44 Argentina MerVal 49071.78 -0.676 Colombia COLCAP 1156.25 -0.72 Currencies Latest Daily % change Brazil real 5.2177 -1.17 Mexico peso 22.1670 -0.74 Chile peso 757.4 0.46 Colombia peso 3732.36 -0.30 Peru sol 3.5248 -0.37 Argentina peso (interbank) 72.3100 -0.07 Argentina peso (parallel) 132 2.27 (Reporting by Shreyashi Sanyal in Bengaluru Editing by Paul Simao)

via reuters07/30/2020

EMERGING MARKETS-Mexican peso tumbles on record GDP contraction - Reuters

Mexico's peso was set for its worst day in two weeks on Thursday after data showed Latin America's second biggest economy contracted by double digits in the second quarter, while other currencies in the region slipped on surging coronavirus cases. The peso fell as much as 1.3% against the dollar after preliminary figures from the INEGI national statistics agency showed gross domestic product shrank 17.3% in the second quarter, the sharpest drop on record. With Mexico still struggling with its coronavirus outbreak, and the U.S. recovery seemingly losing steam, the rebound in Mexico's economy will be slow over the coming quarters, said Nikhil Sanghani, assistant economist at Capital Economics. Sanghani also said the data bolsters bets for the Mexican central bank to continue its easing cycle. "We expect a total of 100bp of further rate cuts this year, including a 50bp reduction at the central bank's next meeting in August," he said. Wall Street opened lower after data showed the U.S. economy contracted at its steepest pace since the Great Depression in the second quarter as the COVID-19 pandemic shattered consumer and business spending, and a nascent recovery is under threat from a resurgence in new cases of the coronavirus. Currencies in other parts of Latin America also weakened, with Brazil's real falling 0.3% as the country set daily records on Wednesday for new COVID-19 cases and deaths. The Colombian peso dropped as oil prices declined, and a Reuters poll showed Colombia's economy will have suffered the worst contraction in its history in the second quarter because of fallout from a coronavirus quarantine. Local investors are also awaiting a central bank policy decision on Friday, where the Colombian central bank, or Banrep, as it is also known, is expected to slash its benchmark interest rate by 25 basis points.d In Argentina, the government is considering pushing back a deadline for creditors to respond to its foreign debt restructuring proposal until mid- to late August, a source close to the negotiations told Reuters on Wednesday. The MSCI's Latin American stocks index fell 1.5%, with Brazil's Bovespa off 0.8% and Santiago shares off 1.4%. Brazilian telecoms firm TIM Participações SA fell 2.5% after reporting a 23.9% drop in second-quarter net income compared with the same period a year ago. Key Latin American stock indexes and currencies: Stock indexes Latest Daily % change MSCI Emerging Markets 1081.21 -0.5 MSCI LatAm 2099.92 -1.5 Brazil Bovespa 104769.89 -0.79 Mexico IPC 37609.17 -0.3 Chile IPSA 3927.57 -1.4 Argentina MerVal 0.00 0 Colombia COLCAP 1163.37 -0.98 Currencies Latest Daily % change Brazil real 5.1740 -0.25 Mexico peso 22.1638 -0.92 Chile peso 751.7 0.67 Colombia peso 3733.18 -0.77 Peru sol 3.4968 0.03 Argentina peso (interbank) 72.2500 -0.07 Argentina peso (parallel) 131 3.05 (Reporting by Shreyashi Sanyal in Bengaluru; editing by Jonathan Oatis)

via menafn08/12/2020

Colombia exceeds 400000 Coronavirus cases with proof every day new counts - MENAFN.COM

On Tuesday August 11The Ministry of Health and Social Protection stated that the entire figure of confirmed cases of Coronavirus in Colombia has arrived at 410,453, with 13,475 fatalities.

The ministry accounted that more than the last 24 hours, 12,830 new cases were listed, and the uppermost daily count since the first case was distinguished in the

via menafn08/12/2020

What the coronavirus pandemic looks like for Colombia's former FARC fighters - MENAFN.COM

Communities all over the world are trying to manage the coronavirus crisis, with varying amounts of support from governments. We contacted people who used to fight in the guerrilla movement The Revolutionary Armed Forces of Colombia (FARC-EP), to see how they were coping.

These men and women often live communally in remote rural areas of Colombia an


via foxsanantonio08/04/2020

Wilson County COVID-19 walk-up test site announced - FOX 29

WILSON COUNTY Texas - There will be a free walk-up COVID-19 testing site in Floresville on Tuesday, August 11. You don't need an appointment or an order from your doctor to get the free test. Testing will be from 8:00 a. m. until 4:00 p. m. , unless they run out of supplies before that time. Tuesday, August 11. 8:00 a. m. until 4:00 p. m. Wilson County Expo & Community Center. 435 St Hwy 97 E, Floresville.

via reuters08/03/2020

EMERGING MARKETS-Brazil real drops 2.2% on rate-cut bets; LatAm FX falls on strong dollar - Reuters

IIF * Mexico's Alfa jumps 25% on plans to spin-off Nemak * Argentina debt deadline in focus (Updates prices) By Ambar Warrick and Susan Mathew Aug 3 (Reuters) - Brazil's real sank 2.2% on Monday as markets factored in an interest rate cut expected by the central bank, while a strong dollar and surging coronavirus cases in Latin America pressured other currencies in the region. Most currencies retreated after strong gains in July, where hopes of a COVID-19 vaccine and better commodity prices had supported buying. Brazil's central bank is expected to cut rates further into record-low territory on Wednesday as it continues to try and mitigate the impact of the COVID-19 pandemic. Gustavo Rangel, chief economist, LATAM at ING pointed to two factors that may tip the balance in favor of keeping the door open to additional rate cuts: recent lower-than-expected inflation, and the fact that the real has consolidated a stronger trading range when compared to the lows seen in April-May. "Such an outcome would, necessarily, help keep FX volatility high and maintain an underperforming bias for the BRL." Data on Monday showed manufacturing activity in Latam's largest economy expanded at a record pace in July, while separate data showed Brazil posted a record $8.1 billion trade surplus as the pandemic led to another steep fall in imports. The Institute of International Finance said emerging market stocks and bonds saw foreign net inflows for a second consecutive month in July, but the outlook remains uncertain. With Latam nearing the 5 million COVID-19 cases mark, investors are cautious about fresh lockdowns to contain the virus' spread. Brazil is the second-worst hit country in the world, behind the United States. Mexico's peso fell 1.8%, while Colombia's peso hit a five week low against the dollar which surged after upbeat manufacturing sector numbers from around the globe. Chile's peso weakened in tandem with the prices of copper, the country's largest export. Data showed that Chile's economic activity fell 12.4% in June from the same month a year ago, but contracted less than expected. Among stocks, Mexico's Ipc index looked to post its best day in six weeks led by conglomerate Alfa's 25.3% jump after it announced plans to spin-off its remaining 75% stake in auto parts business Nemak. Most other regional bourses gained, as possible multibillion-dollar deals and efforts to work-out a crucial U.S. stimulus plan lifted Wall Street. Argentina's peso fell and bonds dipped almost 1% as the government weighed extending its $65 billion debt negotiations, which have hit a roadblock ahead of an Aug. 4 deadline after creditors rejected the country's "final" offer and rallied behind a counterproposal. Key Latin American stock indexes and currencies 1930 GMT: Stock indexes Latest Daily % change MSCI Emerging Markets 1077.84 -0.1 MSCI LatAm 2028.48 -1.86 Brazil Bovespa 102851.05 -0.06 Mexico IPC 37711.97 1.87 Chile IPSA 3974.47 -1.06 Argentina MerVal 53576.37 8.777 Colombia COLCAP 1140.30 0.53 Currencies Latest Daily % change Brazil real 5.3312 -2.17 Mexico peso 22.6733 -1.77 Chile peso 760.1 -0.51 Colombia peso 3767 -0.95 Peru sol 3.5407 -0.25 Argentina peso 72.5100 -0.26 (interbank) (Reporting by Ambar Warrick in Bengaluru; editing by Jonathan Oatis and David Gregorio)

via pediatrics.aappublications.org08/01/2020

Pediatric Critical Care and COVID-19 - American Academy of Pediatrics

* Abbreviations: ARDS — : acute respiratory distress syndrome COVID-19 — : coronavirus disease 2019 GI — : gastrointestinal HFNC — : high-flow nasal cannula IMV — : invasive mechanical ventilation IVIg — : intravenous immunoglobulin NIV — : noninvasive ventilation Coronavirus disease 2019 (COVID-19), caused by severe acute respiratory syndrome coronavirus 2, disproportionally affects adults (children <5% in most reports).1 Adult critical illness is characterized by acute hypoxemia, multiorgan failure, and high mortality.2,3 Reported risk factors for severe illness include age, cardiorespiratory comorbidities, obesity, and laboratory findings (lymphopenia and elevated D-dimer).2,4 Pediatric reports describe low infection rates and infrequent PICU admission.5,6 The largest PICU report consists of 48 North American children.7 It describes treatments and outcomes but not with … Address correspondence to Sebastián González-Dambrauskas, MD, Red Colaborativa Pediátrica de Latinoamérica and Cuidados Intensivos Pediátricos Especializados, Casa de Galicia, Montevideo, Uruguay. E-mail: sgdambrauskas{at}gmail.com

via reuters07/30/2020

EMERGING MARKETS-Mexican peso slides on record GDP contraction; Brazil's real outperforms - Reuters

ECLAC * Mexico's GDP falls to record 17.3% in second quarter * Brazil hits record 69,000 daily coronavirus cases * Argentina may delay debt restructuring deadline amid impasse (Updates prices) By Shreyashi Sanyal and Susan Mathew July 30 (Reuters) - Mexico's peso fell on Thursday after data showed Latin America's second biggest economy contracted by double digits in the second quarter, while a better economic outlook for Brazil saw its currency outperform. Preliminary figures from the INEGI national statistics agency showed Mexico's gross domestic product shrank 17.3% in the second quarter from the previous three months, the sharpest drop on record. The peso weakened 0.5% against the dollar. With Mexico still struggling with its coronavirus outbreak, and the U.S. recovery seemingly losing steam, the rebound in Mexico's economy will be slow over the coming quarters, said Nikhil Sanghani, assistant economist at Capital Economics. Sanghani also said the data bolsters bets for the Mexican central bank to continue its easing cycle. "We expect a total of 100bp of further rate cuts this year, including a 50bp reduction at the central bank's next meeting in August," he said. The dollar fell after U.S. President Donald Trump suggested delaying presidential elections in November, adding to uncertainty amid a historic contraction in U.S. economy in the second quarter as the COVID-19 pandemic shattered consumer and business spending. For Latin America, the coronavirus crisis could set back the region and the Caribbean by a decade as countries endure faltering economies and rising poverty, the U.N. economic commission for the region and the World Health Organization said. While currencies in other parts of Latin America were firmly in the red, Brazil's real rose 0.3% even as the country set daily records on Wednesday for new COVID-19 cases and deaths. Brazil's Economy Ministry on Thursday lowered its 2020 public sector deficit and national debt outlook, reflecting a less severe fall in the economy this year than previously anticipated. The Colombian peso dropped as oil prices declined, and as a Reuters poll showed Colombia's economy will have suffered the worst contraction in its history in the second quarter because of fallout from a coronavirus quarantine. In Argentina, the government is considering pushing back a deadline for creditors to respond to its foreign debt restructuring proposal until mid-to-late August, a source close to the negotiations told Reuters on Wednesday. The MSCI's Latin American stocks index fell 1.5%, with Brazil's Bovespa off 0.8% and Santiago shares off 1.4%. Brazilian car rental company Localiza jumped almost 11% after it said it expects profit margins to recover by September. Key Latin American stock indexes and currencies 1857 GMT: Stock indexes Latest Daily % change MSCI Emerging Markets 1082.70 -0.36 MSCI LatAm 2108.56 -1.1 Brazil Bovespa 104899.78 -0.67 Mexico IPC 37080.64 -1.7 Chile IPSA 3952.68 -0.77 Argentina MerVal 48479.88 -0.828 Colombia COLCAP 1169.21 -0.49 Currencies Latest Daily % change Brazil real 5.1493 0.43 Mexico peso 22.0790 -0.53 Chile peso 759.3 -0.34 Colombia peso 3721.86 -0.46 Peru sol 3.5118 -0.40 Argentina peso 72.2500 -0.07 (interbank) (Reporting by Shreyashi Sanyal in Bengaluru; editing by Jonathan Oatis)

via finance.yahoo07/29/2020

Colombia's government sends $84 bln budget proposal for 2021 to congress - Yahoo Finance

Colombia's government on Wednesday sent a 2021 budget proposal of 314 trillion pesos ($84.4 billion) - 8.3% higher than this year's - to Congress, the finance ministry said. The bill, which must be approved by Congress before Oct. 20, includes proposed investment of 53.1 trillion pesos in 2021, up 23% on 2020 investment forecasts. Latin America's fourth-largest economy was forced to abandon plans to keep lowering its fiscal deficit, as it had in recent years, amid increased demand for resources during a COVID-19 lockdown.


via reuters08/11/2020

Half the daily 100,000 COVID-19 cases in Americas are in U.S. - WHO director - Reuters

More than 100,000 cases of C0VID-19 are being reported daily in the Americas, half of them in the United States, and there are worrisome spikes in countries that had outbreaks controlled, such as Argentina and Colombia, World Health Organization regional director Carissa Etienne said on Tuesday.

via kwwl08/05/2020

Colombia's long virus lockdown fuels anxiety and depression – KWWL - kwwl.com

BOGOTA, Colombia (AP) — Like most of the world, Colombia shut down in March as coronavirus cases began trickling into the South American country. But while restrictions have been lifted in many places, a nationwide stay-at-home order remains in effect in Colombia more than four months after taking effect. Isolation orders have been extended repeatedly

via menafn08/04/2020

Colombia reports 327850 coronavirus infections - MENAFN.COM

The Colombian Ministry of Health on Monday increased the total number of reported coronavirus infections to 327,850, with 11,017 fatalities.

Tests spotted 10,199 new cases and 367 more patients passed away in the past 24 hours, according to the authorities.

Now, 142,430 infections are thought active in Colombia, despite the fact 173,727 people

via reuters08/03/2020

EMERGING MARKETS-Latam FX falls after strong July; Brazil's real hit by rate-cut bets - Reuters

Brazil's real fell on Monday as markets factored in an interest rate cut expected later in the week, with other Latin American currencies following suit amid surging coronavirus cases in the region. Most currencies retreated after strong gains in July, where hopes of a COVID-19 vaccine and better commodity prices had supported buying. The real fell about 1.7%, ahead of a central bank meeting on Wednesday where the bank is expected to cut rates further into record-low territory, as it continues to try and mitigate the impact of the COVID-19 pandemic. Latin America's largest economy appeared to be recovering steadily from the shock of the pandemic, with data showing that manufacturing activity expanded at a record pace in July. A central bank survey of economists also showed that the gloom over Brazil's economy lifted for a fifth week in a row. Still, with Latin America nearing the 5 million COVID-19 cases mark, investors were cautious about fresh lockdowns to contain the virus' spread. Brazil is the second-worst hit country in the world, behind the United States. "Brazil's monetary policy committee (COPOM) is facing a backdrop characterized by a sharp contraction of real activity and significant labor market deterioration, visibly below target inflation, and also below target inflation expectations for 2021," Goldman Sachs analysts wrote in a note. "We expect the Copom to cut the policy rate by 25bp, to a record low 2.00%," they wrote. Mexico's peso was among the worst performers for the day, while Colombia's peso also retreated on recent weakness in oil prices. Chile's peso sank in tandem with the prices of copper, the country's largest export. Data showed that Chile's economic activity fell 12.4% in June from the same month a year ago, the central bank said, surpassing expectations of an even more severe contraction amid the peak of the coronavirus outbreak. Brazilian stocks were flat, with most other bourses in the region falling as sentiment was undercut by concerns over the U.S. economy, ahead of crucial payroll data on Friday. Markets were also watching for any progress in discussions over fresh U.S. stimulus measures. Argentina's peso fell vs. the dollar after the country's largest province extended the deadline on its debt renegotiation with creditors to the middle of August, as the national government debates whether to extend a similar cutoff on its far larger and closely watched $65 billion bond revamp. Key Latin American stock indexes and currencies: Stock indexes Latest Daily % change MSCI Emerging Markets 1077.42 -0.14 MSCI LatAm 2029.59 -1.8 Brazil Bovespa 102891.97 -0.02 Mexico IPC 37274.70 0.69 Chile IPSA 3999.85 -0.43 Argentina MerVal - - Colombia COLCAP 1143.15 0.78 Currencies Latest Daily % change Brazil real 5.3067 -1.72 Mexico peso 22.6101 -1.50 Chile peso 761.2 -0.66 Colombia peso 3770.59 -1.04 Peru sol 3.5248 0.20 Argentina peso 72.5100 -0.26 (interbank) (Reporting by Ambar Warrick in Bengaluru; editing by Jonathan Oatis)

via news.mongabay07/31/2020

Double blow to Colombian Amazon and Indigenous groups from armed militants, COVID-19 - Mongabay.com

In March 2020, as Bogota’s coronavirus quarantine began, a white smog hung over the city, coming from fires burning in Nukak National Nature Reserve, nearly 400 kilometers, or 250 miles, away. Jenny Cueto is the head of the 855,000-hectare (2.1-million-acre) Nukak National Nature Reserve, which lies in Colombia’s Amazon and is home to one of […]

via reuters07/30/2020

TABLE-Colombia national jobless rate 19.8% in June, urban rate 24.9% - Reuters

Colombia's urban jobless rate rose to 24.9% in June, from 10.7% in the same month of 2019, the government statistics agency said on Thursday, based on surveys in the 13 biggest cities. The national unemployment rate climbed to 19.8%, from 9.4% recorded a year earlier, the DANE agency said. More than four months of lockdown to curb the spread of the new coronavirus have shuttered businesses across the country. Many sectors are in the process of gradually reopening ahead of the end of quarantine, now scheduled for Aug. 30. Colombia's urban jobless rate is more closely watched by financial markets than the national figure. Nearly 70% of the workforce is in large cities. Unemployment figures are not seasonally adjusted and can be volatile, usually depending on factors like peak shopping periods and vacation months. For the full report go to: https://www.dane.gov.co/index.php/estadisticas-por-tema/mercado-laboral/empleo-y-desempleo Urban National Unemployment Unemployment June 24.9 19.8 May 24.5 21.4 April 23.5 19.8 (Reporting by Bogota newsroom; editing by Jonathan Oatis)