Peru

One year into President Donald Trump's return to the Oval Office, global equity performance tells a story few U.S. investors would have expected: two country markets have outperformed the S&P 500 by almost 90 percentage points over the past year. Despite Trump’s “golden age of...

A new Chinese megaport on the coast of Chancay, Peru, stands to threaten U.S. trading influence with resource-rich South America. China Ocean Shipping Group, the port’s majority owner also known as Cosco, expects to open the massive facility later this year, Bloomberg reported. The port is...

Peru is targeting an ambitious increase in copper production, aiming to reach 4 million tons annually, driven by the expansion of its principal Cerro Verde mine and the development of other significant projects. Peruvian Minister of Energy and Mines, Rómulo Mucho, highlighted these plans as part of...

Australian multinational miner BHP Group's (NYSE:BHP) nearly $40 billion bid for rival Anglo American (OTC: NGLOY) may not be enough to acquire the company as other diversified miners will probably make rival bids amid the global scramble for copper assets. After completing a $6.4 billion...

Barrick Gold Corp (NYSE:GOLD) is expanding its operations in Latin America amidst a surge in demand that saw gold spike to $2,300 per ounce for the first time ever. The leading global gold miner is eyeing the southern district of Puno, Peru, where it conducted exploration activities two years ago....

Peru has given the greenlight for a $2 billion expansion at the Antamina copper and zinc mine.  One of the largest Peruvian mines boasts ownership from prominent companies such as Glencore PLC (OTCPK: GLCNF), BHP Group Ltd (NYSE:BHP), Teck Resources (NYSE:TECK) and Mitsubishi Corporation (OTCPK:...

Peru's National Prosecutor's Office alleges gold mining gangs are behind recent “alien” sightings to terrorize locals, New York Post reports. Residents of Alto Nanay, a northern Amazon Basin village, have reported encounters with 7-foot “aliens” since mid-July. Initially...

Netflix Inc. (NASDAQ:NFLX) mistakenly announced a new set of rules for cracking down on password sharing — and the internet was in an uproar. The rules have since been retracted.  What Happened: Netflix has been testing the “paid sharing” feature in three countries —...

Peru’s Congress reportedly ignored President Pedro Castillo’s attempt to shut down the legislature by force and impeached him on Wednesday. What Happened: The legislative body asked Vice President Dina Boluarte to take the reigns of the presidency, making her the nation’s...

AstraZeneca plc (NYSE: AZN) has received the regulatory nod to conduct clinical trials of its COVID-19 vaccine in Chile and Peru, Reuters reported Wednesday. What Happened: Chile’s President Sebastian Pinera said that his nation’s health regulator had approved the British company...

The former Secretary-General of the United Nations Javier Perez de Cuellar died in Lima, Peru, on Wednesday. What Happened Perez de Cuellar, a centenarian, held the position of U.N. Secretary-General twice from 1982-1991. His terms saw the collapse of the Soviet Union and an era of renewed...

Mcdonald's Corp’s (NYSE: MCD) Latin America franchisee Arcos Dorados Holding Inc (NYSE: ARCO) could face a fine of $254,000 for violating local safety and health laws in Peru, according to Reuters. What Happened Arcos Dorados was found guilty of six “very serious”...

A magnitude-8 earthquake struck northern Peru's Amazon rainforest, in a powerful temblor that was felt across the region. No deaths were immediately reported in the quake, which struck at 2:41 a.m. on May 26. The U.S. Geological Survey reported its epicenter was 46 miles from the city of Lagunas...

Among developing economies, Peru often goes overlooked. The South American nation is just a scant percentage of the MSCI Emerging Markets Index and Latin American regional benchmarks, meaning investors looking for exposure to Peruvian stocks often turn to the iShares MSCI Peru ETF (NYSE: EPU). EPU...

The iShares MSCI Peru ETF (NYSE: EPU), the only U.S.-listed exchange traded fund dedicated to Peruvian equities, is up 3.2 percent to start 2018. That is an admirable showing when considering the country's recent bout of political volatility. After pardoning former President Alberto Fujimori...