Leading index-provider MSCI’s incorporation of two Peruvian companies’ stock into its small-cap index has eliminated the pending risk of reclassifying Peru as a “frontier market.” Shares of Volcan mining company and Graña & Full Article »
Peru’s opposition-controlled Congress is widely criticized for electing two of Keiko Fujimori’s former running mates as directors of the central bank. The Popular Force party which controls 71 seats in Full Article »
Peru has issued $3 billion in sol-denominated bonds in an operation which reduced its dollar-denominated debt and extend average due dates. Last Wednesday Peru’s finance ministry issued $3 billion of Full Article »
Index-fund provider Morgan Stanley Capital International (MSCI) has ruled that Peru will remain an “emerging market” in its widely-followed market classifications. The decision ends a 10-month saga since the world’s Full Article »
Peru’s new digital wallet, Bim, has attracted almost 80,000 users in its first three months since launching in February. Bim does not require a bank account to sign up. Users Full Article »
Index-fund provider MSCI has kept the Southern Copper stock in the Peru universe, a move which indicates Peru will remain classified as an “emerging market.” Southern Copper is one of Full Article »
Peru’s Congress voted on Thursday to allow retirees to withdraw all of their private pension accounts in cash. By a vote of 84 to two, Congress overwhelmingly overrode a previous Full Article »
Peru stocks and the sol soared after leftist presidential candidate Veronika Mendoza did not garner enough votes to qualify for a runoff in the 2016 general election. Peru’s elections authority Full Article »
Police raided the Lima office of Mossack Fonseca on Monday in it tax-evasion investigations into Peruvian citizens and companies named in the Panama Papers. Police armed in riot gear accompanied Full Article »
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 »
