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Sunday, June 30, 2013

Uruguay: South America's New Zealand?

Uruguay has always had to struggle for attention, wedged between two much larger political and economic powers. But it has consistently beaten expectations time and again.

Saturday, June 29, 2013

Brazil truckers call for 72-hour strike starting Monday

(Reuters) - Brazil's trucking union is calling for a 72-hour strike starting on Monday, potentially slowing the movement of record soy, corn and sugar crops to ports, although unlikely to stop exports.

Friday, June 28, 2013

Iran Influence in Latin America Waning, U.S. Report Says

Iran isn’t actively supporting terrorist cells in Latin America and its influence is waning in the region after almost a decade of promises to increase investment, according to a State Department report.

Thursday, June 27, 2013

Brazil Braces for More Protests Despite Rousseff Promise

Brazilian police expect 130,000 people to take to the streets today as officials rush to respond to demands for improved health care and education in protests that have coincided with a dry run for the World Cup.

Wednesday, June 26, 2013

Mexico Peso Gains as U.S. Economic Reports Boost Export Outlook

Mexico’s peso rose for a third day as data showing the U.S. economy is improving boosted the outlook for the Latin American nation’s biggest export market.

Tuesday, June 25, 2013

Latin American Exchange Leaders Talk Growth as Global Markets Fall

NEW YORK (TheStreet) -- Latin America's fastest growing economies say they're a safe and rewarding place for investment despite signs that emerging markets led by China are slowing and the world's second-largest economy grapples with structural problems to its banking system.

Monday, June 24, 2013

With no easy options, Brazil's Rousseff strains to manage unrest

(Reuters) - Few people in Brazil know what it's like to be 20-something and angry at the government quite like President Dilma Rousseff.

Sunday, June 23, 2013

Mexican oil producer Pemex evacuates headquarters after bomb threat

(Reuters) - Mexico's state oil producer, Pemex, said on Tuesday it had evacuated its Mexico City headquarters, the site of a deadly explosion in January, after a bomb threat.

Saturday, June 22, 2013

Argentine cash controls bring bargains, headaches

BUENOS AIRES, Argentina (AP) — The Brazilian visitors gawk in wonder as they stroll past shop windows along touristy Florida street in the Argentine capital.

Friday, June 21, 2013

Brazil's Unemployment Rate Holds Steady at 5.8% in May

RIO DE JANERIO--Brazil's unemployment rate was stable in May after four straight months of increase, as the labor market remained relatively strong despite the country's economic slowdown.

Thursday, June 20, 2013

US and Cuba to resume migration talks

HAVANA (AP) — The United States and Cuba have agreed to resume bilateral talks on migration issues next month, a State Department official said Wednesday, the latest evidence of a thaw in chilly relations between the Cold War enemies.

Tuesday, June 18, 2013

Monday, June 17, 2013

Insight: The big money bails on Argentina - again

BUENOS AIRES (Reuters) - More than a decade after Argentina's epic financial collapse of 2001-02, many investors are rushing for the door once again.

Sunday, June 16, 2013

Petrobras Sells $1.8 Billion in Assets to Esteves’ BTG, Cemig

Petroleo Brasileiro SA, the world’s most indebted oil company, sold $1.83 billion in assets to billionaire Andre Esteves’ Banco BTG Pactual SA (BPAC3) and to Cia. Energetica de Minas Gerais as it seeks to raise cash.

Friday, June 14, 2013

Brazil Seeks to Boost Economy With $8.7B in Loans

Brazil's government is offering $8.7 billion in low-interest loans for people enrolled in a low-income housing program to outfit their homes with furniture and appliances.

Thursday, June 13, 2013

Mexico’s Long-Term Peso Debt Rises After Auction; Currency Falls

Mexico’s longest-term peso bonds rose for a second day as the results of a government auction yesterday indicated that demand for the securities may rebound.

Wednesday, June 12, 2013

Wake up, Latin America, it was never your leaders who drove growth

Latin America watchers are understandably dizzy. Just a little more than a year ago, the region was the darling of the economic press, which described it as the future engine of the world’s economy.

Tuesday, June 11, 2013

Latin America Can Handle Fed’s Post-Stimulus Effects, IMF Says

Latin American economies are “well positioned” to withstand capital outflows as speculation increases that the Federal Reserve will roll back its stimulus, said the International Monetary Fund’s top official for the region.

Monday, June 10, 2013

Argentina Sees $110 Million 1st-Quarter Capital Inflow Vs Year-Earlier Outflow

BUENOS AIRES--A host of strict capital controls stemmed capital flight during the first quarter, with Argentina posting a small net capital inflow compared to a steep outflow a year earlier.

Sunday, June 9, 2013

Saturday, June 8, 2013

Brazil hit with negative outlook by S&P

PARIS: Standard and Poor's revised its outlook for emerging powerhouse Brazil to negative on Friday due to slowing economic growth and overburdened government finances.

Friday, June 7, 2013

Argentina Will Not Become Venezuela

Chevron (NYSE: CVX) is in advanced negotiations with Argentinean state owned YPF (NYSE: YPF) to develop Vaca Muerta basin, considered by Chevron the second largest reservoir of unconventional oil in the world. This looks like a potentially huge opportunity, but the risks are also enormous.

Thursday, June 6, 2013

Xi visits US, Latin America as leader of more confident China after decade of explosive growth

BEIJING - President Xi Jinping meets his American counterpart, Barack Obama, this week after stops in the Caribbean and Latin America as the leader of a more confident China following a decade of explosive economic and trade growth.

Wednesday, June 5, 2013

China drawn to Mexico's opening economy

MEXICO CITY (AP) — China has invested heavily in resource-rich Latin America in recent years, striking major trade deals with governments from Venezuela to Argentina.

Tuesday, June 4, 2013

Monday, June 3, 2013

Colombia Leaves Rates Unchanged and Extends Dollar Purchases

Colombia kept borrowing costs unchanged for a second straight month as policy makers gauge whether Latin America’s lowest interest rate and a government stimulus package will reverse a slowdown in growth. It also extended a program of dollar purchases until September.

Sunday, June 2, 2013

Mexico Peso Extends Biggest Monthly Decline in Year on Economy

Mexico’s peso dropped, extending its biggest monthly decline in a year, as a surge in U.S. Treasury yields sapped demand for the Latin American nation’s assets.

Saturday, June 1, 2013