Finance

MG grows at twice the industry average in Mexico and is the only Chinese brand in the top 10 sellers
MG Motor reported a 12.2% increase in its Mexico sales between January and September 2026, more than double the pace of the Mexican auto industry. The brand is the only Chinese one in the market's top 10, with a 3.5% share and 250,000 drivers. The company, marking six years in the country, attributes the result to its network of more than 108 dealers and to portfolio renewal, including its electrified lineup.
FinanceInternationalYahooOct 21AI
Atlántico bets on two road corridors worth more than $238,000 million for its logistics platform
Atlántico Governor Eduardo Verano presented at the X Authorized Economic Operator (OEA) 2026 Convention in Barranquilla two road corridors worth about $238,432 million: the Corredor Internacional del Atlántico, with around $100,000 million for 7.2 kilometers of dual carriageway, and the Corredor Logístico del Atlántico, with $138,432 million to upgrade about 16.7 kilometers. The strategy includes security technology, with 44 SIART drones, and the strengthening of the SIES.
FinanceColombiaEmisora AtlánticoOct 21AI
Argentina's economic activity fell 1.7% year-on-year in August, leaving it on the brink of recession
Argentina's economic activity fell 1.7% in August compared with the same month of 2025, and accumulated growth was cut to 1.2%, according to the Monthly Estimator of Economic Activity (EMAE). The report also revised July: the monthly contraction went from 2.9% to 2.8% and the year-on-year decline widened from 1.4% to 1.5%. Mining and hydrocarbon extraction provided the largest positive contribution, while manufacturing, commerce, construction, transport and communications and financial intermediation declined. Ten sectors ended lower and five higher.
FinanceInternationalPrensa LatinaOct 21AI
Analysts expect 12.50% rate, 6.87% inflation and a $3,250 dollar by year-end
Experts surveyed in October for Fedesarrollo's and the Colombian Stock Exchange's Financial Opinion Survey expect an additional 25-basis-point hike in the Banco de la República rate in October, to 12.50%, a level that would hold through December. They estimate inflation at 6.37% in October and 6.87% at year-end, above the 2% to 4% target range. The dollar would average $3,190 this month and rise to $3,250 by year-end.
FinanceColombiaRevista SemanaOct 21AI
Genomma Lab: third-quarter net sales up 1.3% and net profit up 18.6%
Genomma Lab Internacional reported that its net sales for the third quarter of 2026 rose 1.3%, with an EBITDA margin of 21.0% and net profit growth of 18.6%. Sales in Latin America increased 12.2%, while Mexico returned to positive sell-out. The information comes from the company's original press release, distributed by PR Newswire.
FinanceInternationalTradingViewOct 21AI
Camacol says it has $98 billion ready for more than 257,000 homes across 21 departments
At the opening of the 2026 Colombian Construction Congress, Camacol president Guillermo Herrera said the guild has 1,424 structured projects worth 98 billion pesos to build more than 257,000 homes in 21 departments, with the potential to generate 2.3 million direct and indirect jobs. Herrera attributed the sector's crisis to decisions by Gustavo Petro's government, such as the end of subsidies and the closure of 'Mi Casa Ya' in December 2024.
FinanceColombiaEl TiempoOct 21AI
Camacol: $98 billion in unstarted housing projects could reactivate Colombia's economy
Colombia has $98 billion in housing projects that have not yet broken ground, according to Coordenada Urbana figures presented by Guillermo Herrera, Camacol's executive president, at the 2026 Colombian Construction Congress in Cartagena. The pipeline covers more than 1,400 projects and about 257,000 pre-sold homes, and could generate the equivalent of 2.3 million direct and indirect jobs. The guild calls for restoring financing conditions, strengthening confidence and reducing barriers to start works.
FinanceColombiaELHERALDO.COOct 21AI
Mexico's Gruma posts 11% lower profit in first nine months on weak U.S. consumption
Mexican corn flour and tortilla producer Gruma reported to the Mexican Stock Exchange a net profit of $392.3 million in the first nine months of 2026, down 11% year on year, despite raising revenue 3% to $4,925.3 million. The company attributed the result to weak consumption in the United States, its main market, where quarterly sales fell 4%. Accumulated operating profit dropped 8% and adjusted EBITDA fell 5%.
FinanceInternationalSWI swissinfo.chOct 21AI
Alpek raises 2026 operating cash flow guidance by 32% after beating third-quarter expectations
Mexican petrochemical company Alpek raised its comparable operating cash flow guidance for 2026 to 990 million dollars, an adjustment of up to 32% from its previous estimate of 750 to 800 million. The company attributed the performance to better PET reference margins and ocean freight costs. In the third quarter, revenue grew 21% year on year, operating cash flow rose 86% and net income more than doubled the market expectation. Its net debt to cash flow ratio fell to 1.9 times.
FinanceInternationalYahooOct 21AI
Esade attributes 18% of Spain's rent increase between 2019 and 2023 to funds and large landlords
An EsadeEcPol report, based on rental homes declared in income tax returns in Spain's common fiscal regime regions between 2019 and 2023, attributes 1.6 of the 8.8 points that the average rent price rose to multi-property landlords, 18% of the total. The rest is explained by the mismatch between supply and demand. The study does find that owners of several properties raise prices more than those with only one.
FinanceInternationalABCOct 21AI
Germany to allocate up to 22 million euros for biodiversity conservation in Colombia
The German government will contribute up to 22 million euros (about 24.7 million dollars) to finance ecosystem protection and biodiversity conservation projects in Colombia. The funds add to 3.6 million euros in Colombian contributions under an initiative led by the Ministry of Environment and Germany's development bank KfW, which will finance between nine and 18 projects of one to two million euros each. The first disbursement will come in the first half of next year, after the selection and execution manual is approved.
FinanceColombiaELHERALDO.COOct 21AI
Inflation and interest rates continue to weigh on Colombian households' finances
68% of Colombian consumers identify inflation as their biggest financial concern, followed by employment (59%) and interest rates (41%), according to TransUnion's Consumer Pulse survey for the third quarter of 2026. Annual inflation stood at 6.29% in September, versus 6.24% in August. 69% expect their income to rise over the next 12 months and 28% believe they could not pay at least one financial obligation, down from 31% in 2025.
FinanceColombiaRevista SemanaOct 21AI
Richard Branson: Venezuela is "a great opportunity" and entrepreneurship will be key to recovery
Virgin Group co-founder Richard Branson said Venezuela represents "an extraordinary opportunity" and that the entrepreneurial sector will be key to the country's recovery. He said he is evaluating investments as conditions that build confidence for foreign capital emerge, and that the process will depend on what happens in the next 18 months, including the holding of elections and the establishment of the rule of law. He mentioned air transport and tourism as areas of interest.
FinanceInternationalBanca y NegociosOct 21AI
Argentina's digital wallets and banks update rates: what they pay in October
Digital wallets, mutual funds and banks in Argentina updated the yields they offer on pesos. According to the October survey, wallets keep rates near 20% a year: Brubank reaches 23% TNA with its "Plan Ultra", Naranja X and Carrefour Banco pay 20% TNA and Ualá 19% TNA. Among banks, Macro offers 21% TNA for 30 days and Reba 24% TNA. The text notes that balance caps and each product's conditions also matter.
FinanceInternationalLa Nueva ProvinciaOct 21AI
Finance Committee approves provisions for a startup fund of funds and the Executive files a constitutionality reservation
The Finance Committee of the Chamber of Deputies approved two provisions empowering Corfo to invest in venture capital for startups and to set up fund of funds, during the particular vote on the capital markets reform (MK4). Finance Minister Jorge Quiroz filed a constitutionality reservation on both powers. In the same session, the Statute for the Promotion of Innovation and Venture Capital Investment was approved, with a 35% tax credit for those investing in Corfo-certified startups.
FinanceInternationalDiario FinancieroOct 21AI
FIBRA Prologis declares cash distribution of Ps. 0.7766 per CBFI
FIBRA Prologis declared a cash distribution of Ps. 1,295.5 million, equivalent to Ps. 0.7766 per CBFI, payable on November 4, 2026. The ex-dividend date and record date are November 3, 2026. The release was distributed by PR Newswire.
FinanceInternationalTradingViewOct 21AI
Gentera reported profits of 2,342 million pesos in the third quarter of 2026
Gentera, a Mexican microfinance group, reported a profit of 2,342 million pesos in the third quarter of 2026, up 8.6% year on year but down 0.5% from the previous quarter. In the first nine months of the year, profit totaled 7,189 million pesos, 10.9% more than in 2025. Its loan portfolio reached 95,220 million pesos, with 6.87 million clients in Mexico and Peru, and its non-performing loan ratio rose from 3.43% to 4.57%.
FinanceInternationalYahooOct 21AI
Mario Marcel questions fuel price management and proposes adjusting Mepco caps
At a seminar hosted by the Centro de Estudios Públicos (CEP), former Chilean Finance Minister Mario Marcel criticized the government's handling of rising fuel prices and said that, had he remained in office, he would have kept the Fuel Price Stabilization Mechanism (Mepco) active while adjusting its caps. He argued that the current limit of 30 pesos per liter makes the pass-through of international increases too slow and that doubling it would have avoided sharp hikes at a lower fiscal cost.
FinanceInternationalBioBioChileOct 21AI
Daniel Hajj asks Mexico's government to let Telmex offer pay TV
Daniel Hajj, CEO of América Móvil, asked the Mexican state to allow his group to offer all telecommunications services, including pay TV, amid the prospect that Grupo Televisa will integrate AT&T México's mobile services into its fixed telecommunications business. The remarks came during the third-quarter 2026 earnings call. Telmex remains restricted from providing pay TV, an activity not included in its concession title. Hajj did not announce a new authorization request.
FinanceInternationalYahooOct 21AI
FIBRA Prologis declares distribution of Ps. 0.7766 per CBFI
FIBRA Prologis declared a cash distribution of Ps. 0.7766 per CBFI, totaling Ps. 1,295.5 million. The ex-dividend and record date is November 3, 2026, and the payment will be made on November 4, 2026. The announcement corresponds to its quarterly distribution, according to FIBRA Prologis' original press release distributed by PR Newswire.
FinanceInternationalTradingViewOct 21AI