Italy’s Enel to sell assets and focus on six main markets
Enel plans asset sales worth 21 billion euros ($21.5 billion) to reduce net debt and focus its transition to cleaner energy on six core countries, the Italian utility said on Tuesday.
India pushes oil refiners to diversify after surprise OPEC+ cuts
India said it will speed up its diversification of oil imports to hedge against any surprise output cuts by the Organization of the Petroleum Exporting Countries and its allies.
EXCLUSIVE Sea’s Shopee shuts operations in Argentina, Chile, Colombia, Mexico -sources
Sea Ltd’s (SE.N) e-commerce arm told employees on Thursday it was shutting local operations in Chile, Colombia and Mexico, and leaving Argentina entirely, according to three sources with direct knowledge of the matter and an internal email.
Mexican used-car startup Kavak expands outside Latin America
Mexican used-car platform Kavak is investing $180 million to open offices and make its platform available in four new countries, including Turkey – its first location outside Latin America, the company said Wednesday.
World Bank approves $830 mln in loans to Colombia
Colombia will receive two loans totalling $830 million from the World Bank to fund COVID-19 pandemic recovery and education efforts, the country’s government and the bank said on Thursday.
Oracle working to double client numbers in Latin America
Enterprise software maker Oracle Corp (ORCL.N) will look to double its clients in Latin America and increase profits in 2022, a company executive told Reuters, adding that hitting these goals will depend on cultivating the right talent.
Analysis: Latam central banks look past COVID as inflation phantoms loom
Latin America’s central banks have become more hawkish as the region’s inflationary ghosts rattle their chains, with a recent pivot by the U.S. Federal Reserve further boosting market expectations of tighter monetary policies.
