LATAM

LATAM Cargo, South America's largest freighter operator, has started a weekly flight between Miami and the Florianopolis airport in southern Brazil. The airline said it has the only all-cargo flight tying North America with consumers in Santa Catarina that seek automotive parts, metals, food,...

Cargo has been a bright spot for Delta Air Lines (NYSE: DAL), but the revenue from this business is still part of a $3.9 billion pretax loss for the second quarter. Like other airlines, Delta in March shifted some passenger planes to cargo-only flights to carry personal protective medical gear and...

Like many of its regional peers, Chile’s economy has been hard hit by the coronavirus. But unlike other Latin American countries that have slashed interest rates to record lows, Chile’s central bank has gone one step further to become the first to put short-term interest rates close to...

The leading airline industry group is warning that mounting debt incurred by members to stay in business during the coronavirus crisis could eventually endanger their survival when the bills come due. Airlines are scrambling to borrow money from commercial banks and investors, sell securities, and...

Following regional rival Avianca Holdings's footsteps, LATAM Airlines, the largest carrier in Latin America, is reorganizing and restructuring debt under court-supervised bankruptcy protection in the United States because of the unprecedented downturn in business caused by the coronavirus. Today's...

Aphria Inc (NYSE: APHA) shares surged Friday morning when a Special Committee vindicated management in its LATAM Holdings acquisition and product quality. A Special Committee examining the assets found the LATAM purchase was “within an acceptable range as compared to similar acquisitions by...

Last month, the iShares MSCI Mexico Inv. Mt. Idx. (ETF) (NYSE: EWW) was examined in this space, proposing that patient investors could eventually be rewarded by the fund. EWW is the largest exchange-traded fund tracking stocks in Latin America's second-largest economy. Why So Despacio? “...

After a couple of years of dismal showings, Latin America exchange-traded funds are roaring back in 2016. For example, the iShares S&P Latin America 40 Index (ETF) (NYSE: ILF) is higher by nearly 15 percent year-to-date. At the country level, the iShares MSCI All Peru Capped Index Fund (NYSE:...

If the current pace is maintained for the rest of this year, 2016 could go down as the year of the Latin American exchange-traded fund comeback. With the exception of the iShares MSCI Mexico Inv. mt. Idx. (ETF) (NYSE: EWW), the major Latin American single-country ETFs trading in New York are all...

As emerging markets stocks and exchange-traded funds tumbled over the past several years, Latin American equities were a big reason why. With emerging markets being a lagging, hated asset class, disdain among investors for Latin American stocks ran high. That disdain morphed into love in March, as...

Believe it or not, the iShares MSCI Brazil Index (ETF) (NYSE: EWZ) has traded higher over the past month and currently resides nearly 13 percent above its 52-week low. That does not mean the largest Brazil exchange-traded fund and its peers are out of the woods, but some market observers are...

IntraLinks Holding Inc. (NYSE: IL) just released its latest Deal Flow Predictor (DFP) – an independently verified, accurate indicator of upcoming mergers and acquisitions (M&A) activity. Benzinga spoke with Matt Porzio, IntraLinks vice president for strategy and product marketing,...

“Imagine every transaction between a buyer and a seller has to pass through the government twice,” posed Invoiceware International President and CEO, Scott Lewin. Speaking to Benzinga, Lewin noted that this is currently the state of business-to-business transactions in Latin America...