Startups in Games, Education, Construction, Workshops Secure New Funding
This week, Latin American startups Mecanizou, Cometa, Jungle and Makasi received capital
Faulty Credits Tarnish South Pole’s Billion-Dollar Carbon Offsets
South Pole, the world’s leading purveyor of offsets, is facing allegations that it exaggerated climate claims around its forest-protection projects. The uncertainty could influence how legions of companies try to slash their emissions
Corporate VC Seen as Option for Global, Latin Startups Due to Current Banking Crisis
Femsa Ventures was the sixth largest startup investor in Mexico in 2022, according to Transactional Track Record data
Petrobras Is Ready to Be World’s Last Oil Producer, CEO Prates Says
Over the last 20 years, Brazil has emerged as a major oil producer, diverging from many of its Latin American peers
Who Controls the Shares of Ricardo Salinas Pliego’s Companies?
The stocks of the Mexican tycoon’s companies are heavily concentrated by a handful of individual and institutional investors
English
How Uruguay Became One of Tesla’s South American Capitals
The country with the smallest population in the region stands out for having the highest number of electric vehicles per capita
Brazil News
JBS, Minerva, Marfrig Shares Jump as China Resumes Brazil Beef Imports
Brazil is the top beef supplier to China, which is also the main destination for Brazilian beef exports
English
How China, US, Norway Played Down a Critical UN Climate Document
A behind-the-scenes account of political horse-trading in which no delegates from Africa or South America —some of the world’s regions most impacted by climate change— were present in the room
Startups
SoftBank Sees a Wave of Latin IPOs, Including Kavak, Rappi, Creditas, Madeira Madeira
SoftBank Group Corp. sees Colombian delivery app Rappi Inc. going public as soon as the end of this year or early next if global markets stabilize
Linea Latina
Why Latino Inclusion in U.S. VC Funds Is Not Taking Off: Study
77% of institutional private equity firms do not include Latino executives
English
Ford Gets Closer to Revealing Big Losses From EV Business
The company will no longer report figures by geography for North America, Europe, South America and China
Foreign Direct Investment In Chile Hits Highest Level Since 2014
FDI in 2022 increased by 31% compared to the previous year, according to the central bank
Emerging, Distressed Markets Are Hurting Most from Rich-World Bank Turmoil
From Pakistan to Bolivia, investors are now expressing growing doubts about the ability of distressed economies to repay their foreign-currency debts