Colombia, UAE Begin FTA Talks; Mexico Adds Record Jobs

A roundup of Monday’s news from across Latin America

Bloomberg Línea
March 07, 2022 | 08:26 PM

Bloomberg Línea — Colombia has begun talks with the United Arab Emirates toward a free trade agreement, and, on the second anniversary of the outbreak of the Covid-19 pandemic, Mexico added the largest number of formal jobs in February since records began in 1998, with 178,867 new positions filled.

On the region’s stock markets, Brazil’s Ibovespa (IBOV), the main index of the largest stock exchange by market capitalization in Latin America, had the worst performance in the region, infected by the international mood in which none of the main stock exchanges registered gains, falling by 2.52%.

Investors are monitoring the war in Ukraine and the strong appreciation of raw materials worldwide. In addition, the performance of Petrobras’ common and preferred shares (PETR3; PETR4) weighed on the local performance.

Following is a roundup of Monday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.

Argentina:

Brazil:

Chile:

Colombia:

Costa Rica:

Dominican Republic:

Ecuador:

Guatemala:

Mexico:

Peru:

This is how the region’s markets closed on Monday, March 7