UPS to buy Italy’s Bomi Group to grow healthcare logistics business

UPS to buy Italy’s Bomi Group to grow healthcare logistics business

Aug 8 (Reuters) – United Parcel Service Inc said on Monday it would buy Italy-based healthcare logistics firm Bomi Group to bolster its capability in delivering medicines that require cold storage. The US delivery firm is focusing on high-margin businesses to offset declining volumes as the pandemic-fuelled e-commerce boom softens, having expanded its temperature-controlled supply-chain … Read more

Argentina’s economy chief names new energy secretary

BUENOS AIRES, Aug 7 (Reuters) – Argentina’s economy chief Sergio Massa appointed on Sunday a new head of the energy secretariat, which in recent years has doled out multi-million dollar subsidies that have led to a widening budget deficit. Flavia Royon, who most recently oversaw energy affairs in the northern province of Salta, will be … Read more

Argentina’s ambitious ‘superminister’ takes on economic crisis

BUENOS AIRES, Aug 5 (Reuters) – Asked about Sergio Massa, Argentina’s new “superminister” for the economy, many Argentines perceive him as an opportunistic politician with limitless ambition. But Massa’s political acumen, honed over four decades of party-hopping activism, is also widely seen as key to rescuing Argentina’s economy, which has been ravaged by sky-high inflation, … Read more

July inflation could shock Argentina’s government – economy ministry source

Aug 4 (Reuters) – Inflation in July could be so high that it will “shock” Argentina’s government, an economy ministry source told Reuters on Thursday, expecting high inflation in August as well. Former Congressman Sergio Massa took office Wednesday as economy minister in the midst of an economic crisis, announcing measures intended to ensure fiscal … Read more

Argentina’s incoming economy chief expected to announce budget cuts

FILE PHOTO – Argentina’s President of the Chamber of Deputies Sergio Massa presents his resignation in front of the Parliament before being sworn-in as the new Economy Minister, in Buenos Aires, Argentina August 2, 2022. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com Register BUENOS AIRES, Aug 3 (Reuters) – Argentina’s next economy … Read more

Colombia may reduce fiscal deficit more slowly-incoming finance minister

BOGOTA, Aug 2 (Reuters) – Colombia will continue to reduce its fiscal deficit but may need another year to reach the target laid out for 2023 in order to finance social needs, incoming Finance Minister Jose Antonio Ocampo said on Tuesday. The raft of social programs promised by President-elect Gustavo Petro, who will take office … Read more

Argentina’s economy superminister appoints top advisers

President of the Chamber of Deputies Sergio Massa attends an event after midterm elections in Buenos Aires, Argentina, November 14, 2021. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com Register BUENOS AIRES, Aug 1 (Reuters) – Argentina’s new economy superminister appointed his top advisers on Monday, vowing to stop high inflation and the … Read more

Analysis: Same dire problems, new chief: Can Argentina solve economic riddle?

BUENOS AIRES, July 29 (Reuters) – Argentina’s incoming economy chief, the crisis-racked country’s third in a less than a month, may be its last best chance to right a sinking ship, or at least avoid further deterioration ahead of a high- stakes election next year. A Thursday cabinet reshuffle engineered by President Alberto Fernandez followed … Read more

Argentina’s lower house leader Massa named economy ‘superminister’

Sergio Massa, President of the Chamber of Deputies, addresses the audience as Argentina’s President Alberto Fernandez gestures during an event after midterm elections in Buenos Aires, Argentina, November 14, 2021. REUTERS/Agustin Marcarian/File Photo Register now for FREE unlimited access to Reuters.com Register BUENOS AIRES, July 28 (Reuters) – Argentina’s lower house congressional leader Sergio Massa … Read more

Argentina’s Fernandez bets on ‘superministry’ to stop economic bleeding.

Sergio Massa, President of the Chamber of Deputies, addresses the audience as Argentina’s President Alberto Fernandez gestures during an event after midterm elections in Buenos Aires, Argentina, November 14, 2021. REUTERS/Agustin Marcarian/File Photo Register now for FREE unlimited access to Reuters.com Register Massa seen as savvy political operator Central bank hikes interest rate to 60% … Read more