Economy

Rise of Veronika Mendoza hammers Peru markets
Posted by Colin Post on Apr 5, 2016 1 comment

Rise of Veronika Mendoza hammers Peru markets

Peru’s currency and equity markets have fallen drastically on news that leftist candidate Veronika Mendoza may qualify for a runoff in 2016 presidential elections. The sol had strengthened 5.8% in  Full Article »

Peru hikes minimum wage 13% one week from elections
Posted by Colin Post on Mar 30, 2016 1 comment

Peru hikes minimum wage 13% one week from elections

President Ollanta Humala signed a decree to raise Peru’s monthly minimum wage from $223 to $253 on Wednesday. Humala announced the 13% increase today at an event in the southern  Full Article »

Camisea natural gas: Peru’s political football
Posted by Colin Post on Mar 28, 2016 Leave a comment

Camisea natural gas: Peru’s political football

Peru’s presidential candidates in 2016 spar over energy policy and the biggest political liability for Pedro Pablo Kuczynski: the Camisea gas contracts. Liberal presidential candidate Alfredo Barnechea is increasingly attacking  Full Article »

Peru’s sol gains against dollar on China, Europe news
Posted by Colin Post on Mar 16, 2016 1 comment

Peru’s sol gains against dollar on China, Europe news

Peru’s sol has gained over 5% against the dollar this month to reverse all its losses in 2016. The sol traded at a 3.520 per dollar on March 2 when  Full Article »

Pacific Alliance pitches emerging-market investors in US
Posted by Colin Post on Mar 7, 2016 Leave a comment

Pacific Alliance pitches emerging-market investors in US

The finance ministers from Chile, Colombia, Mexico and Peru are showcasing their bloc’s economies and investment opportunities to investors in the Unites States. Peru’s finance minister Alonso Segura is making  Full Article »

Peru’s copper production grows 41% in January
Posted by Colin Post on Mar 3, 2016 Leave a comment

Peru’s copper production grows 41% in January

Production at Peru’s copper mines in January increased 40.6% over the same month in 2015. Led by Cusco’s Constancia and Junin’s Toromocho mines, Peru produced 157,328 tons of copper in  Full Article »

Peru finds price-fixing among maritime shippers
Posted by Colin Post on Feb 27, 2016 2 comments

Peru finds price-fixing among maritime shippers

Peru’s trade authority announced on Friday that it was evaluating fines for 17 maritime shipping companies for fixing prices to importers and exporters. Peru’s antitrust regulator, Indecopi, said in a  Full Article »

Peru takes advantage of low interest rates with euro-bond issues
Posted by Colin Post on Feb 24, 2016 1 comment

Peru takes advantage of low interest rates with euro-bond issues

Peru issued $1.1 billion in 14-year bonds denominated in euros with a 3.77% yield to finance its fiscal deficit in 2017. The issue was the second time Peru has tapped  Full Article »

Peru’s state oil firm fined $3.6 million for oil spill
Posted by Colin Post on Feb 19, 2016 Leave a comment

Peru’s state oil firm fined $3.6 million for oil spill

Peru’s mining and energy supervisory fined state oil firm Petroperu $3.6 million for two spills which contaminated two provinces in the Amazon jungle. The fine handed down by the Supervising  Full Article »