Colombia Keeps 4.5% Rate as Oil Drop Set to Curb Growth

Colombia’s central bank kept its benchmark interest rate unchanged for the third straight month as a slump in oil prices threatens to damp growth in South America’s fastest-growing economy.

Brazil scrapes out of recession on government spending

BRASILIA (Reuters) - Brazil's economy crawled out of a recession in the third quarter as public spending rose before presidential elections, suggesting growth could be short-lived as the government plans to tighten its budget.

Mexico cuts 2014 growth forecast after surprisingly weak third quarter

MEXICO CITY (Reuters) - Mexico's finance ministry cut its 2014 growth forecast on Friday after the economy grew unexpectedly slowly in the third quarter in a modest recovery that is now also threatened by rising social unrest.

Chile Unemployment Falls as Government Forecasts Recovery

Chilean unemployment unexpectedly fell in the three months through October, the first month of a quarter that Finance Minister Alberto Arenas forecasts will see a “small and moderate reactivation” in the economy.

Brazil’s Real Leads World Advances on Levy Appointment Optimism

Brazil’s real led gains among global major currencies on speculation that President Dilma Rousseff will appoint a finance minister capable of restoring growth to Latin America’s largest economy.

Venezuelans Dollarize Christmas Bonuses as Bolivar Dives

The bolivar has declined the most in 10 months as Venezuelans use their Christmas bonuses to buy U.S. dollars amid the world’s fastest inflation and shortages of basic goods.

Brazil to announce budget cuts with new economic team: Folha

(Reuters) - Brazilian President Dilma Rousseff's new, still unconfirmed economic team is preparing budget cuts for 2015 that will be announced next week, newspaper Folha de S. Paulo reported on Sunday. The paper did not give an amount for the proposed cuts.

Mexico cuts 2014 growth forecast after surprisingly weak third quarter

(Reuters) - Mexico's finance ministry cut its 2014 growth forecast on Friday after the economy grew unexpectedly slowly in the third quarter in a modest recovery that is now also threatened by rising social unrest.

Brazilian Real Leads Global Gains on Outlook for Economic Team

Brazil’s real extended its weekly rally to the biggest since January 2012 on speculation that President Dilma Rousseff is close to nominating a team capable of reviving Latin America’s largest economy.

Peru to Cut Income and Profit Taxes in $3.9 Billion Stimulus

Peru’s government plans to cut taxes for companies and workers and increase spending to offset a slump in investment hurting the $202 billion economy.

Venezuela increases luxury taxes to bolster state coffers

(Reuters) - Venezuela will increase taxes on luxury goods, alcohol and tobacco to help shore up the government's finances, the top tax official said, as falling oil prices threaten the OPEC member's coffers.

Mexico retail association expects to miss 2014 sales-growth target

MEXICO CITY, Nov 18 (Reuters) - Mexico's retail association ANTAD will miss its 2014 sales target as the economy sputters, the president of the group said on Tuesday.

Venezuela’s Bond Plummet Can’t Sway BofA as Losses Mount

Being bullish on Venezuela’s bonds hasn’t quite panned out for Bank of America Corp. and Barclays Plc. Still, neither are prepared to give up their calls.

Petrobras Quarterly Output Jumps 9% on New Platforms

Brazil’s state-run oil company Petroleo Brasileiro SA (PETR4) said production increased 9 percent in the third quarter as output rose at new platforms, according to a statement in O Globo newspaper.

Argentina welcomes G20 call for work on debt restructurings

(Reuters) - Argentina, which defaulted on its debt again in July amidst a decade-long legal battle with a group of U.S. investment funds, welcomed on Sunday the inclusion of a clause in a G20 summit communique aimed at helping sovereign debt restructurings.

Brazil sheds jobs in October as economy feels recession's pinch

BRASILIA, Nov 14 (Reuters) - Brazilian companies shed jobs in October for the first time in at least 15 years, revealing the delicate state of the economy ahead of potential tax hikes and government austerity.

Venezuela Dollar Income Falls 30% on Lower Oil Prices

Venezuela lost 30 percent of its foreign exchange revenue in the last month because of a “tremendous” drop in oil prices, President Nicolas Maduro said.

IMF sees risks in Mexico reform implementation

MEXICO CITY (Reuters) - Rising U.S. interest rates and hurdles to smooth implementation of economic reforms pose risks to Mexican growth, the International Monetary Fund said on Wednesday.

Brazil's Rousseff asks Congress for flexible fiscal goal for 2014

(Reuters) - Brazilian President Dilma Rousseff on Tuesday asked Congress to allow the government to deduct all of its investments and tax exemptions from a key 2014 fiscal target, effectively lowering a goal that it will miss for the third straight year.

Mexico industrial output unexpectedly slips in Sept

(Reuters) - Mexican industrial production unexpectedly fell in September, dragged down by falling oil output and a dip in construction activity while factories recovered from a slump in the prior month.

Brazil economic growth seen lower this year and next: Reuters poll

(Reuters) - Brazilian economists lowered their expectations for the country's economic growth rate for this year and next, according to a weekly central bank poll released Monday.

Colombia central bank sees growth of 4.3 percent in 2015, 5 percent this year

(Reuters) - Economic growth in Colombia will probably slow to around 4.3 percent in 2015 from 5 percent this year, hurt by lower oil prices and a drop in exports due to a sluggish global economy, central bank chief Jose Dario Uribe said on Friday.

Argentina Selling Up to $1 Billion in Local Bonds as Peso Slips

Argentina is planning to sell as much as $1 billion of dollar-linked bonds next week after issuing similar notes less than a month ago.

Peru eyes tax reforms to spur growth: finance minister

(Reuters) - The government of Peruvian President Ollanta Humala is evaluating tax reforms to stimulate anemic economic growth and has not ruled out trimming the corporate tax rate from 30 percent, the finance minister said on Thursday.

Mexico's finmin sees recovery, discards impact from unrest

(Reuters) - Mexico's finance minister said Latin America's No. 2 economy is recovering after a weak start to the year and recent social unrest triggered by the disappearance of 43 students had yet to hit growth.

Brazil Real Drops to One-Week Low as Rousseff Mulls Appointments

Brazil’s real fell to a one-week low amid concern that President Dilma Rousseff’s economic team will struggle to revive growth during her second term.

Argentina sees 'better possibility' of holdout debt deal in 2015

(Reuters) - Chances of a deal to end Argentina's feud with holdout bond investors will improve in January when current restructuring rules expire, the economy minister said in comments published on Monday, raising some hopes for the country's stagnant economy.

Chile cenbank sees economy recovering after third quarter

Chile's economic growth likely hit bottom in the third quarter and should pick up pace moderately and gradually during the final three months of 2014, central bank President Rodrigo Vergara said on Thursday.

Election-year water crisis taking a toll on Brazil's economy

(Reuters) - After a grueling election campaign in which officials faced fierce criticism for downplaying the effects of a year-long drought, Brazil's most populous state is finally coming to terms with an uncomfortable reality: it is running out of water.

Argentina default spreads to Par bonds, risking payment demands

(Reuters) - Argentina's debt default spread to its Par bonds on Friday after the country failed to complete an interest payment, raising the risk that creditors could demand that the country's cash-strapped government immediately repay all of its debt.

Here’s Only Economist Who Thinks Mexico Will Lower Rates

Marco Oviedo, Barclays Plc’s 39-year-old chief economist for Mexico, is a little taken aback that he’s the only analyst predicting the country will reduce interest rates this week.

Venezuelan Bonds Rally Most in Five Years on Devaluation Wagers

Venezuelan bonds are posting their biggest rally in five years on speculation the government is considering economic changes including a currency devaluation.

Chile aims to expand cooperation with EU

BERLIN (AP) — Chile's President Michelle Bachelet says she wants to expand cooperation with the European Union, building on a decade-old trade pact.

Rousseff Says Market Will Calm as Brazil Works for Growth

Brazil’s financial markets will calm down following yesterday’s declines as the country’s new government engages in dialog to promote growth, President Dilma Rousseff said after winning re-election.

Mexico's Carstens sees rapid decline in inflation next year

(Reuters) - Mexico's central bank chief Agustin Carstens said on Sunday that he sees inflation heading quickly toward policymakers' target rate of 3 percent next year.

Brazil’s Real Leads Global Currency Gains as Neves Ahead in Poll

Brazil’s real led global currency gains after a poll showed candidate Aecio Neves ahead of President Dilma Rousseff, reviving speculation that a new government will restore economic growth.

U.S. court hearing over Citi processing of Argentine bond payment delayed

(Reuters) - A U.S. judge has delayed by a week a December hearing to consider whether Citigroup Inc (C.N) should be allowed to process an interest payment by Argentina on bonds issued under its local laws following its 2002 default.

As Cuban economy stagnates, economists press for deeper reforms

(Reuters) - Some of Cuba's best-known economists are openly questioning the very core of the Soviet-style command economy and saying market reforms under way are too modest to boost weak growth.

Mexico's Banorte 3rd-qtr net profit rises 15 pct on year

MEXICO CITY, Oct 23 (Reuters) - Grupo Financiero Banorte, Mexico's fourth-largest bank by assets, said on Thursday its third-quarter net profit rose 15 percent from the same period last year, mostly as a result of its increased stake in a pensions and insurance unit.

Colombia Sells $1 Billion of Bonds Overseas to Fund 2015 Budget

Colombia sold $1 billion of bonds in overseas markets today to fund next year’s budget, the Finance Ministry said.

Petrobras Optimism on Election Results Unfounded: Chanos

Optimism that Petroleo Brasileiro SA (PETR4) will benefit if President Dilma Rousseff is voted out of office is unfounded, said Jim Chanos, founder of short-seller Kynikos Associates LP.

Managed Trade for Sugar from Mexico?

Mexican Economy Secretary Ildefonso Guajardo was in Washington this week arguing on behalf of an agreement to suspend the U.S. antidumping/countervailing duty (AD/CVD) investigation against imports of sugar from Mexico.

Chile Policy Makers Signal Rate Cut May Be Last in Current Cycle

Chilean policy makers signaled that yesterday’s benchmark interest rate cut may be the last in the current cycle following eight reductions in 13 months.

Brazil’s Real Rises on Wagers Debate Performance Will Buoy Neves

Brazil’s real advanced for the first time in four days on speculation opposition candidate Aecio Neves’s performance in a presidential debate yesterday will give him momentum as the election runoff approaches.

Argentina's lawyers meet debt mediator, but not to negotiate

BUENOS AIRES (Reuters) - Argentina's lawyers met with a court-appointed debt mediator on Wednesday, but they attended only as officers of the court rather than representing the country in its years-old legal battle with holdout hedge funds.

Chile stimulus could scale back in 2016 if growth hits target-finance minister

LONDON, Oct 14 (Reuters) - Chile's stimulus programme, which aims to increase public spending by a tenth next year, could be scaled down from 2016 if economic growth hits targets above 4 percent, the finance minister said on Tuesday.

Brazil presidential contenders face off in debate

SAO PAULO (AP) — President Dilma Rousseff and her rival in the Oct. 26 runoff election faced off Tuesday night in their first debate since the opening round ballot, a crucial confrontation with recent opinion polls showing the pair locked in a dead heat.

Venezuela Default Almost Certain, Harvard Economists Say

Venezuela will probably default on its foreign debt as a shortage of dollars makes it impossible for the government to meet its citizens’ basic needs, Harvard University economists Carmen Reinhart and Kenneth Rogoff said.

Brazil's Neves would improve ties with United States: adviser

WASHINGTON (Reuters) - Brazilian presidential challenger Aecio Neves would seek to repair ties with the United States and finalize a long-delayed free-trade agreement with the European Union if he is elected in an Oct. 26 runoff, his top economic adviser said on Friday.

Argentina Questions IMF Forecast Accuracy After Data Overhaul

Six months after overhauling its statistical data under pressure of sanctions by the International Monetary Fund, Argentina is taking the fund to task for what it says are inaccurate forecasts.

Mexico economy shows signs of improvement; peso could rise-Carstens

There are clear signs the Mexican economy is improving and that the peso could appreciate in the future thanks to the country's solid economic fundamentals, Banco de Mexico governor Agustin Carstens said on Tuesday.

Brazil's Mantega blasts IMF for economic forecast shifts

(Reuters) - Brazilian Finance Minister Guido Mantega took the International Monetary Fund to task on Friday for "contradictory" assessments of Brazil's economy, saying the global lender should be more careful in its forecasting.

Latin America asks U.S. to consult on monetary policy changes

(Reuters) - Latin American finance ministers expect to be consulted on U.S. monetary policy and hope officials in Washington will consider the impact of abrupt changes on emerging markets, Colombian Finance Minister Mauricio Cardenas said on Wednesday.

Brazil economy faces gloomy outlook without reforms: IMF

BRASILIA (Reuters) - The Brazilian economy will likely have a mild recovery next year as electoral uncertainty fades, but still lag regional peer Mexico that should grow faster after a series of economic reforms, the International Monetary Fund said on Tuesday.

Pimco’s Mexico Derivatives Wagers Grew Before Gross Exit

Pacific Investment Management Co. Chief Investment Officer Daniel Ivascyn has made no secret about his bullishness toward Mexico, a view that predecessor Bill Gross also backed.

Brazilians voting in nail-biter election for president

RIO DE JANEIRO/SAO PAULO (Reuters) - Voters across Brazil cast ballots on Sunday in an unpredictable election that will decide whether Latin America's largest economy adopts a more free-market approach after 12 years of leftist Workers' Party rule.

Boom year for Argentine stocks reflects fear more than confidence

BUENOS AIRES, Oct 3 (Reuters) - Argentina has defaulted on its debt, the economy is stagnant, inflation is soaring and its market-friendly central bank chief has just been forced out.

Colombia to Cut 2015 Sales of Local Bonds by 1.4 Trillion Pesos

Colombia plans to sell about 30.5 trillion pesos ($15 billion) of local bonds in 2015, or 1.4 trillion pesos less than in a government statement earlier this week, according to Public Credit Director Michel Janna.

Mexico eyes IMF credit line renewal despite review lag: official

(Reuters) - A Mexican finance ministry official on Friday said he was confident Mexico would renew its $72 billion flexible credit line with the International Monetary Fund before it expires next year, but that the process had taken longer than expected.

Brazil posts first trade deficit in seven months

(Reuters) - Brazil posted a trade deficit BRTBAL=ECI of $939 million in September, its first monthly deficit after six straight positive results this year, government data showed on Wednesday.

Argentina central bank chief quits, raising policy uncertainties

(Reuters) - Argentina's central bank chief resigned on Wednesday after a long tussle with the economy minister and was replaced with a regulator seen as sympathetic to the interventionist stance of a government fighting one of the world's highest inflation rates.

Fitch: External Risks and Domestic Challenges Continue to Weigh on Latin America's Growth

NEW YORK--(BUSINESS WIRE)-- In its Latin American Sovereign Overview, Fitch Ratings says that economic deceleration continues throughout the region, as greater trade links with China and heavy commodity dependence of several countries is exposing the region to the China slowdown and weaker commodity prices.

Judge allows Citigroup to process Argentine bond payment

(Reuters) - A U.S. judge said Friday he would allow Citigroup Inc (C.N) to process a disputed $5 million payment by Argentina on bonds issued under its local laws following its 2002 default.

Colombia Holds Key Rate at 4.5% and Slows Dollar Purchases

Colombia’s central bank kept its benchmark interest rate unchanged and slowed its dollar purchase program after economic growth eased and the peso weakened to a six-month low.

Erasing Argentina's energy deficit could take a decade: YPF CEO

(Reuters) - It will take Argentina up to a decade and as much as $200 billion in investment to erase an energy output deficit, the chief executive officer of national oil company YPF (YPFD.BA) said in an interview on Friday.

Cuba promotes official who has led market-style reforms

(Reuters) - Cuban President Raul Castro granted more authority to the man who has led the campaign to modernize Cuba's socialist economy, naming Marino Murillo as economy and planning minister on Thursday, the government said.

Argentina exits recession in second quarter

BUENOS AIRES: Argentina exited recession with 0.9 per cent economic growth in the second quarter, national statistics institute INDEC said on Wednesday (Sep 24), a rare bit of good news amid the country's new debt default.

Peru Economy to Grow Less Than Forecast 3.5%: Velarde

Peru’s economy will expand less than policy makers forecast this year, central bank President Julio Velarde said, after falling metal prices hurt investment.

Colombian Peso Trades at Six-Month Low on Oil Revenue Concern

Colombia’s currency traded at a six-month low on concern falling oil prices will reduce funds entering the South American country and as policy makers decide this week whether to extend dollar purchases.

Mexico set to achieve 2.7 percent growth for 2014: Deputy Finance Minister

(Reuters) - The Mexican economy is on track to achieve the government's growth forecast of 2.7 percent for 2014, deputy finance minister Fernando Aportela said on Saturday.

Moody's Threatens Brazil Downgrade as Economy Stalls

Moody's Investors Service on Tuesday warned it may cut Brazil's credit rating in the next couple of years as the country's economy slows, piling pressure on the winner of October's presidential elections to change course on economic policy.

Most Mexico central bankers see inflation spike fading -minutes

MEXICO CITY, Sept 19 (Reuters) - Mexico's central bankers think that a recent spike in inflation will fade by early next year even as the economy picks up speed, minutes showed on Friday, suggesting that interest rates will remain steady into next year.

Investment in Latin America Falls 10% in First Half

RIO DE JANEIRO — Private equity and venture capital investments in Latin America dropped by 10 percent in the first half of this year compared with figures in the period a year earlier, the Latin American Private Equity and Venture Capital Association said on Thursday.

Brazil election may change diplomatic direction

SAO PAULO (AP) — More than a decade of Workers Party rule has seen Brazil prioritize ties with its leftist regional neighbors, from helping muscle socialist Venezuela into the Mercosur trade bloc to financing a billion-dollar transformation of an industrial port in Cuba.

Exclusive: Colombia may pre-finance 2015 borrowing needs - finance minister

(Reuters) - Colombian Finance Minister Mauricio Cardenas said on Monday the government could start early to pre-finance some of its estimated $3 billion in 2015 borrowing needs by tapping international capital markets before year-end.

Peru cenbank says economic recovery likely slower than expected

LIMA, Sept 12 (Reuters) - Peru's central bank said on Friday that the economic recovery in July and August was likely less robust than previously expected as key indicators point to ebbing consumption.

Brazil’s Batista May Face Trial Within One Year, Lawyers Say

Brazil’s criminal case against former billionaire Eike Batista will be a complex one that may take a year to come to trial and as long as 10 years to be fully resolved, lawyers said.

Mexico revises 2013 GDP growth up to 1.4 percent on financial sector

(Reuters) - Mexico's economy grew at a rate of 1.4 percent in 2013, according to an upwardly revised estimate of the country's gross domestic product (GDP) reported by national statistics agency INEGI on Friday.

Chile's central bank cuts key rate, says easing helping economy

Chile's central bank cut its benchmark interest rate for the seventh time since October on Thursday, as forecast, continuing with its easing cycle to bolster a quickly decelerating economy.

Mexico July industrial output rises, led by manufacturing

MEXICO CITY, Sept 11 (Reuters) - Mexican industrial production bounced back in July, led by manufacturing, which grew at its fastest pace in six months as the economy picks up some speed after a weak start to the year.

Argentina says U.N. vote vindicates its debt fight against 'vultures'

(Reuters) - The Argentine government said on Wednesday that its refusal to repay a group of U.S. hedge funds that stand to profit on the country's defaulted debt was vindicated by the United Nations' support for a multilateral plan handling bond restructurings.

Venezuela's annual inflation rises to 63.4%

Venezuela's annual inflation rate has risen to 63.4%, the highest in Latin America, according to official figures published on Tuesday.

Moody's threatens to downgrade Brazil as economy stalls

RIO DE JANEIRO, Sept 9 (Reuters) - Moody's Investors Service on Tuesday warned it may cut Brazil's credit rating in the next couple of years as the economy slows down, piling pressure on whoever is elected president in October to change course on economic policy.

Argentina Says It’s No Venezuela as Price Cap Law Debated

A price fixing law under debate in Argentina’s Congress will be used sparingly to protect consumers and won’t track similar legislation in Venezuela that has led to widespread shortages, the nation’s commerce secretary said.

Mexico’s Pena Nieto Proposes 1% Deficit for 2015 Excluding Pemex

Mexican President Enrique Pena Nieto asked Congress to approve a budget deficit for next year of 1 percent of gross domestic product as the government seeks to trim its shortfall.

Mexico holds key interest rate, sees inflation easing over longer term

MEXICO CITY, Sept 5 (Reuters) - Mexico's central bank kept interest rates on hold on Friday, highlighting stronger economic growth and forecasting that inflation pressures would ease in the first half of 2015, boding for steady borrowing costs ahead.

Chile’s Growth Beats Forecasts After Vergara Calls for Calm

Chile’s economy expanded more than analysts expected in July, while wages grew at the fastest in five years, sparking the biggest rally in the peso since May.

Brazil Signals Key Rate on Hold Until Next Government Sworn In

Brazil’s central bank signaled borrowing costs will remain unchanged until at least the end of the current administration in December as policy makers are trapped between a recession and above-target inflation.

Chile market manipulation scandal takes toll on investor confidence

(Reuters) - Investor confidence in Chile has been shaken by a market manipulation scandal involving the former son in law of ex-dictator Augusto Pinochet, a business leader said on Wednesday as a union denounced the affair as "shameful."

Argentina export tax revenues fall in year to August

BUENOS AIRES, Sept 1 (Reuters) - Argentina's tax revenues increased roughly in line with inflation in the year to August, but a fall in export taxes underscored the ailing health of Latin America's third-biggest economy, which is in recession and has defaulted on its debt.

Brazil Swap Rates Drop as Economists Cut 2014 Growth Forecast

Brazil’s longer-term swap rates fell to a 12-month low as economists cut this year’s growth forecast after the country entered a recession, adding to speculation the central bank will limit further increases in borrowing costs.

Gov. Christie readies for Mexico trade trip

As he prepares to lead a trade mission to Mexico this week, Gov. Christie has been relatively silent on an issue vexing the Republican Party: immigration reform.

Colombia Lifts Key Rate to 4.5% as GDP Seen at Full Capacity

Colombia’s central bank raised its benchmark interest rate for a fifth straight month, saying the increase would keep the economy growing at a sustainable pace and inflation (COCPIYOY) on target.

Brazil's economy falls into recession, latest figures show

Brazil has fallen into recession, just a month before the general election, latest figures show.

Argentina wants deal with all holdout investors together

(Reuters) - Argentina's government on Wednesday ruled out further piecemeal debt talks with a small group of U.S. hedge funds and said the country needed to strike a deal with all bondholders which have rejected past restructuring agreements as a single group.

EU welcomes WTO ruling against Argentinian measures on imports

EU Trade Commissioner, Karel De Gucht, today welcomed a ruling by an independent panel at the World Trade Organisation (WTO) that certain conditions which Argentina introduced for firms wishing to import goods into the country break WTO law.

Grupo Mexico Goes From First to Worst on Chemical Spill

Spilling chemicals into two rivers near the U.S. border is making Grupo Mexico SAB the country’s worst performing major stock.

Brazil’s Swap Rates Drop as Consumer Confidence Index Tumbles

Brazil’s swap rates declined as a gauge of consumer confidence dropped to its lowest level since 2009, adding to speculation that the central bank will limit further increases in borrowing costs.

Mexico creates special force for economic crime

MEXICO CITY (AP) — Mexico launched a special 5,000-strong police force Friday to combat industrial, farm and business crime that has extended throughout the country's economy, strangling commerce in some regions.

Brazil boosts credit as economy nears recession

Brazil's government unveiled a flurry of measures on Wednesday aimed at pumping credit into a languishing economy, its latest effort to avoid a recession as a tightly contested presidential election draws closer.

Colombian Peso Posts Biggest Drop in Emerging Markets This Week

Colombia’s peso plunged the most among major emerging-market currencies this week on speculation inflows into the Andean country will slow.

Mexico's economy picks up steam in second quarter

MEXICO CITY, Aug 21 (Reuters) - Mexican economic growth was stronger than expected in the second quarter as industrial activity and domestic demand perked up, signaling a recovery in Latin America's No. 2 economy is gathering pace.

Brazil's July job growth weakest for the month since 1999

BRASILIA, Aug 21 (Reuters) - Job creation in Brazil slowed in July to its weakest pace for the month since 1999, another sign Latin America's biggest economy might have slipped into recession during a tightly-contested presidential race.

Cuba struggles to attract investors despite reforms

(Reuters) - Cuba has yet to attract new foreign investors despite launching two major initiatives in the past year, a sign of the lingering caution over doing business with the communist government and its own hesitancy to follow through on free-market-style reforms.

Mexico's Pena Nieto eyes annual growth of 5 percent around 2018

(Reuters) - Mexico's annual economic growth rate could rise to around 5 percent by around 2018 in the wake of a series of economic reforms spanning energy to telecoms, President Enrique Pena Nieto said on Wednesday.

Argentina in latest debt default crisis pits 'motherland' against 'vultures'

Happy hour is now in full swing at The Temple Bar, a busy British-style pub in the upscale Palermo Soho district of Buenos Aires.

Mexico energy reform divides opinion

There is a point inside the Tula refinery, the main oil processing plant servicing Mexico City, that seems to perfectly capture the changing landscape of the Mexican energy industry.

Colombia’s Oil and Mining Boom Is Over Says Central Banker

Colombia’s oil and mining boom has come to an end, while the nation’s borrowing costs remain at a level that boosts growth, central bank co-director Adolfo Meisel said.

Argentina slams U.S. judge in debt case, defies contempt threat

(Reuters) - Argentina came out swinging on Wednesday against the U.S. judge overseeing its debt default case, defying a threatened contempt order and dashing market hopes it might soon restart talks with the hedge funds suing the country.

Mexico Oil Output Bloated by Water Barrels, Official Says

Petroleos Mexicanos, facing a 10th straight year of production declines, is including water in its oil output and may revise previously reported data, according to a company official briefed on the matter.

Exclusive: Brazil may raise fuel prices by up to 6 percent - source

(Reuters) - The Brazilian government could increase domestic fuel prices at refineries by up to 6 percent after the October presidential election, a senior government source told Reuters on Monday.

Mexico's industrial output unexpectedly falls in June

(Reuters) - Mexican industrial production unexpectedly shrank in June, the first contraction since December, casting doubt on the strength of a recovery in Latin America's second largest economy.

Argentina Peso Forwards Head for Biggest Weekly Gain Since March

Argentina’s peso forwards are headed for their biggest weekly increase since March on speculation private banks and the country’s holders of defaulted bonds will reach an agreement to resolve a U.S. lawsuit.

Rousseff Maintains Poll Lead With Brazil Ballot Win Intact

Brazilian President Dilma Rousseff maintained her lead over her nearest challengers less than two months before elections, according to an Ibope poll that shows her winning a possible run-off.

Argentina bonds, stocks firm on possible deal to exit default

(Reuters) - Argentine bond prices and stocks firmed on Thursday, with news that international banks may be close to a deal to buy debt from holdout creditors that would resolve its debt crisis.

Mexico Inflation Tops Target After More-Than-Expected Gain

Mexican consumer prices rose more than expected in July, pushing the annual inflation rate above the upper limit of the central bank’s target range.

Brazil finance chief says economy to pick up after slow start

BRASILIA (Reuters) - The Brazilian economy should pick up in the second half of the year after a slow start and hit more "reasonable" growth levels in 2015, Finance Minister Guido Mantega told Reuters on Tuesday.

Chile's economy posts weakest monthly growth in over four years

(Reuters) - Chile's economy grew at its slowest pace in more than four years in June, a below-forecast surprise that likely opens the door to more interest rate cuts.

Argentine Default Sours Outlook for Peso as Talks Ordered

Investors are anticipating a 10 percent drop in the Argentine peso after the nation defaulted for the second time in 13 years last week.

Brazil's industrial output dropped for 4th month in June

(Reuters) - Brazilian industrial output dropped in June for a fourth straight month as automobile production plunged, in a further sign of the downturn in the country's economy, Latin America's largest.

Spain's Telefonica says eyeing deal in Mexico

(Reuters) - Spain's Telefonica (TEF.MC) is in talks over a possible deal in Mexico, where it has been eyeing acquisitions for months to strengthen its position against former monopoly America Movil AMX.MX, the telecoms group said on Wednesday.

Brazil's industrial output dropped for 4th month in June

RIO DE JANEIRO, Aug 1 (Reuters) - Brazilian industrial output dropped in June for a fourth straight month as automobile production plunged, in a further sign of the downturn in the country's economy, Latin America's largest.

Chile’s Unemployment Rate Climbs to 6.5% as Growth Slows

Chile’s jobless rate rose in the three months through June from the year earlier as economic growth slowed to the weakest pace in four years.

Mission to Mexico lands new business partner

MEXICO CITY (KCRA) —Gov. Jerry Brown has been promoting California business in Mexico City, where he is leading a trade delegation actively looking for Mexican companies willing to invest in the state.

Brazil Personal Default Rate Drops in June as Bank Eases Credit

Brazil’s consumer-loan default rate fell in June, as the central bank loosens reserve requirements to ease credit conditions in the world’s second-largest emerging market.

Argentine debt mediator: no resolution, delegation returning to Argentina

(Reuters) - Argentina failed to reach a breakthrough with the U.S. court-appointed mediator in its battle with holdout creditors on Friday in talks that lasted just an hour, suggesting a settlement to avoid a default next week remains elusive.

Puerto Rico creditor group gains $180 billion in new muscle

(Reuters) - A group of hedge funds supporting debt restructuring efforts in Puerto Rico has gained 14 new members, bringing the group's total assets under management to $240 billion, a spokesman for the group said on Friday.

Brazil to boost credit to counter economic slowdown

RIO DE JANEIRO, July 25 (Reuters) - Brazil's central bank on Friday announced measures to boost credit in the country's ailing economy, one week after keeping its benchmark interest rate at its highest level in over two years to fight inflation.

IMF cuts global growth outlook; India avoids ratings downgrade

WASHINGTON/MEXICO CITY (Reuters) - The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world's two biggest economies.

Exclusive: Holdouts not asking to suspend Argentine debt order - Aurelius

(Reuters) - Argentine debt holdout investor Mark Brodsky refuted a story in Argentina's La Nacion newspaper suggesting his group, which is negotiating a settlement with the government, will ask a U.S. judge to suspend his payment order ahead of a July 30 deadline.

Brazil's economy seen growing less than 1 pct in 2014 - survey

BRASILIA, July 21 (Reuters) - Brazil's economy will probably grow less than 1 percent this year, edging closer to a recession as weak confidence and higher interest rates hamper investments and industrial output, a weekly survey of economists showed on Monday.

China's President Xi Jinping signs Venezuela oil deal

Chinese President Xi Jinping has signed a series of oil and mineral deals with Venezuela. They include a $4bn (£2.34bn) credit line in return for Venezuelan crude and other products.

Brazil Analysts Cut 2014 GDP Call Below 1% for First Time

Brazil economists cut their 2014 growth forecast for the eighth consecutive week, as low confidence and above-target inflation curb demand in the world’s second-largest emerging market.

Argentina Default Would Deepen Recession, Centennial Says

A failure by Argentina to avoid a second default in 13 years will deepen the recession, fuel inflation and prompt a selloff in the peso, according to Claudio Loser, a former International Monetary Fund director.

Tourism spending rises 7 percent in New Mexico

ROSWELL, N.M. (AP) — Tourism continues to be a bright spot in New Mexico's otherwise struggling economy.

Brazil’s Real Leads Global Gains as Rousseff Poll Lead Narrows

Brazil’s real led global gains as a poll showed support for President’s Dilma Rousseff re-election bid narrowed before the October vote amid the slowest economic growth in two decades.

U.S. judge to hear latest motions in Argentina debt case July 22

(Reuters) - A U.S. judge said in New York on Wednesday that he would hear arguments next Tuesday related to the banks and payment agents caught up in Argentina's sovereign debt case as a potential default looms at the end of the month.

Exclusive: Brazil's BNDES pullback slowed by credit scarcity - chief

(Reuters) - Insufficient credit for Brazilian private companies will prevent the country's development bank BNDES from moderating loan disbursements this year as quickly as it would like, the bank's chief Luciano Coutinho told Reuters.

EMERGING MARKETS-Latam currencies weaken on Fed's Yellen comments

SAO PAULO, July 15 (Reuters) - Latin American currencies weakened on Tuesday after comments from Federal Reserve Chair Janet Yellen stoked investors' expectations that U.S. interest rates are set to rise sooner rather than later.

Chile June inflation comes in below forecast, rate cuts eyed

Chile's June inflation was the lowest monthly increase this year and came in slightly below a Reuters forecast, lending support to views the central bank is poised to resume interest rate cuts to spur the economy.

Latin America has power to reshape relations with China - but will it use it?

Fortaleza, Brazil — South American nations have a lot of issues to raise with China: questionable labor and environmental practices of Chinese firms in the Andes; unfair trade rules toward major exporters like Brazil; the region’s desire to evolve from a mere commodities supplier to an advanced manufacturing base.

Slim expects Mexican growth to be 'much better' in 2015

(Reuters) - Carlos Slim, Latin America's richest man, said he thinks Mexico's economy will start to grow at a faster pace next year after overcoming a sluggish past couple of years.

Fitch: Latin American Infrastructure, Performance Sustained at Mid-Year

Performance metrics in line with expectations despite an anemic global environment supports stable outlook for Latin American infrastructure, according to a new Fitch Ratings report entitled, '2014 Midyear Outlook: Latin America Infrastructure'.

Brazil World Cup Defeat Unlikely to Force Rousseff Loss

President Dilma Rousseff enjoyed increased support ahead of elections in October as Brazil hosted the World Cup without major problems.

Mexico Consumer Prices Rise in June After Interest Rate Cut

Mexican consumer prices rose for the first time in three months in June on a pickup in services and processed food costs after the central bank unexpectedly cut the key interest rate last month.

Chilean Prices Rise Less Than Forecast as Economy Weakens

Chilean consumer prices rose less than analysts expected in June, slowing annual inflation for the first time in eight months, as the weakest economic growth in four years eased pressure on costs.

Mexico Passing Brazil as Top Latin American Car Producer

Mexico is poised to overtake Brazil as the top Latin American automobile producer for the first time in more than a decade as surging exports to the U.S. spur factory openings and record output.

Argentina will not make holdouts offer on Monday - paper

BUENOS AIRES (Reuters) - Argentina will not make a formal offer to settle its dispute with holdout investors in its sovereign debt at its meeting on Monday with a court-appointed mediator, an Argentine daily wrote on Saturday, citing Economy Ministry sources.

Colombia’s Currency Advances Most on Week Among Emerging Markets

Colombia’s peso posted the biggest gain this week among emerging markets on rising inflows as policy makers increase interest rates and growth in the Andean economy accelerates.

Brazil asset managers have worst year for fundraising since 2002

(Reuters) - Asset managers in Brazil raised the lowest amount of money from investors in 12 years in the first six months, an industry group said on Thursday, a sign that worries over the October presidential election, high borrowing costs and growing global market turmoil are scaring market participants.

Peru Dollar Bonds Rally After Moody’s Upgrades Rating

Peruvian dollar bonds rose the most in the Americas after Moody’s Investors Service lifted the nation’s credit rating by two levels, citing falling debt and reduced dependence on metal exports.

Mexico oil contracts set to be delayed: official

(Reuters) - The first big set of contracts for oil and gas development in Mexico are likely to be delayed a few months, an energy ministry official said on Tuesday, after disagreements in Congress over detailed legislation to underpin them.

Petrobras board member lashes out at gov't over oil plan

(Reuters) - A board member of Brazil's state-run Petrobras lashed out at the government on Thursday and said he may ask the country's securities regulator to sanction the oil company for failing to inform him and other board members of a 15 billion real ($6.8 billion) oil-rights purchase plan.

Argentina economic activity index fell 0.5 pct in April

BUENOS AIRES, June 30 (Reuters) - Argentina's economic activity index fell 0.5 percent in April compared with the same month last year, government data showed on Monday, suggesting Latin America's No. 3 economy remains in the throes of recession.

Brazil central bank appears to cut short currency swap rollover

(Reuters) - Brazil's central bank did not announce so far on Friday a usual auction to roll over currency swaps that are set to expire early next month, a sign it wants to slow recent gains in the real.

Chile bank board split over June rate decision, points to future cut

SANTIAGO, June 27 (Reuters) - Chile's central bank board was divided about its decision to keep the key interest rate on hold at 4.0 percent at its June monetary policy meeting, with one of the five members voting for a cut, minutes of that meeting showed on Friday.

Fitch: Limited Rating Actions Expected Despite Challenging Conditions in Argentina and Venezuela

Latin America corporates that have significant operations in Argentina and Venezuela are well positioned to withstand the turbulent environment, according to a new Fitch Ratings report.

Brazil Central Bank’s Disinflation Outlook Signals Rate Hold

Brazil’s economy will enter a “dis-inflationary” period, the central bank said, signaling it will keep interest rates unchanged even as it forecasts above-target inflation for at least two years.

Argentine holdouts say would discuss debt extension in good faith

(Reuters) - Holdout investors in Argentine sovereign debt said on Tuesday they would discuss an accommodation to let the government pay other bondholders facing a potential default if negotiations to settle the legal dispute have made good progress before July 30.

Mexico early June annual inflation rises to 3-month high

MEXICO CITY, June 24 (Reuters) - Mexican annual inflation rose in early June for the first time in five months but stayed within the central bank's tolerance zone, backing bets for steady interest rates ahead.

Argentina's Fernandez says willing to talk with all creditors

(Reuters) - President Cristina Fernandez said on Friday her government would negotiate with all of Argentina's creditors in a bid to avoid a new debt default that would further weaken the country's ailing economy.

Brazil's Rousseff picked by party for tough election October 5

BRASILIA (Reuters) - Brazil's ruling Workers' Party formally nominated President Dilma Rousseff on Saturday to run for re-election in October in what is shaping up to be its toughest race since winning power in 2002.

Chilean president urges tie-up talks between regional trade groups

(Reuters) - Chilean President Michelle Bachelet on Friday proposed a September gathering between officials and business leaders from Mercosur and the Pacific Alliance in hopes of creating a tie-up between the two Latin American trade groups.

Mexico central bank board divided over rate cut decision

MEXICO CITY, June 20 (Reuters) - Mexico's central bank split over the decision to cut interest rates earlier this month, but the majority said slack in the economy and the prospect of moderating inflation gave it room to lower borrowing costs, minutes showed on Friday.

Brazil tries again to help industry with new measures

(Reuters) - The Brazilian government on Wednesday announced measures to help exporters and local factories, its latest attempt to bolster industries that have yet to benefit from earlier, costly efforts.

Argentina fears new crisis as vultures circle after US supreme court ruling

Argentinians, battered by decades of apparently cyclical economic crises, fear a new one following a US supreme court ruling this week that could make the country liable for up to $15bn (£11bn) owed to so-called "vulture funds".

Venezuela sees U.S. shale boom as bonus for own oil industry

LONDON (Reuters) - Venezuela wants to increase oil supplies to the United States to regain some of the market share it lost over the past decade as Caracas sees the U.S. boom in light oil from shale as a chance to raise heavy-crude exports, the country's oil minister said.

Other Views: Brazil's economy needs work

Brazil is favored to win this year’s World Cup. Yet the cost of hosting the games, along with some expensive promises made by a president seeking re-election, may turn any athletic triumph into a Pyrrhic victory.

Argentina's economy minister: from 'flaming Red' to pragmatic negotiator

BUENOS AIRES (Reuters) - When he became Argentina's economy minister late last year, many in the business community feared Axel Kicillof, who was once described by a critic as a "flaming Red Marxist," might plunge Latin America's No. 3 economy deeper into isolation in the name of ideology.

Chile central bank to cut growth forecast, raise inflation view

(Reuters) - Chile's central bank is expected to cut its official 2014 growth projection and upwardly revise the inflation forecast on Monday following months of persistent economic weakness and with inflation hovering above a five-year high.

Mexico sticking with 2014 growth forecast of 2.7 percent: finance minister

(Reuters) - Mexican Finance Minister Luis Videgaray on Wednesday stood by his government's recently downgraded economic growth forecast for 2014, saying activity is picking up, aided by signs of strength in the United States.

Argentina and Brazil Modify Auto Accord to Revive Falling Trade

Argentina and Brazil agreed to modify a bilateral vehicle trade accord in a bid to kick-start plunging trade between the neighboring countries.

Mexico annual inflation rate ticks up in May

MEXICO CITY, June 9 (Reuters) - Mexico's annual inflation rate ticked up in May, coming in slightly faster than expected after a surprise move last week by the country's central bank to cut interest rates to boost a sluggish economy.

Brazil Economists Cut Growth Estimates for This Year and Next

Brazil economists cut both 2014 and 2015 growth estimates for the second week in a row on signs that a period of waning economic activity has extended beyond the first quarter.

Ecuador Is Said to Plan Meetings for Bond Market Return

Ecuador is planning meetings with fixed-income investors and the country may follow with its first bond sale abroad since a $3.2 billion default five years ago, according to a person with knowledge of the plans.

Chile annual inflation reaches 4.7 pct, well above bank range

SANTIAGO, June 6 (Reuters) - Inflation in Chile rose to 4.7 percent in May on an annualized basis, to more than a five-year high.

Mexico central bank unexpectedly cuts rate to spur weak economy

(Reuters) - Mexico's central bank unexpectedly slashed interest rates to a record low on Friday, saying a sluggish economy gave it room for a one-off cut to spur growth without fanning inflation pressures.

EMERGING MARKETS-Latam stocks, currencies rise following ECB rate cut

SAO PAULO, June 5 (Reuters) - Latin American stocks and currencies gained on Thursday after the European Central Bank unleashed measures to support the euro zone economy, boosting the outlook for global liquidity and feeding risk appetite.

Mexico Bond Risk Set to Drop Below Chile for First Time

Mexico is on the verge of overtaking Chile as the safest destination for bond investors in Latin America.

Brazil Analysts See Lower Key Rate and Economic Growth This Year

Brazil analysts cut their 2014 key rate and economic growth forecasts, after the country’s gross domestic product slowed in the first quarter on the biggest investment drop in two years.

GE Sees $10 Billion Latin America Infrastructure Orders

General Electric Co. (GE) expects about $10 billion in orders in Latin America this year as an expanding middle class clamors for improved infrastructure from electricity and clean water to transportation.

Mexico manufacturing sentiment ticks up in May

(Reuters) - Mexico's manufacturing sector sentiment edged up in May, rising for a second month in a row off a five-month low, on improving new orders and employment even as output dipped amid a sluggish economic recovery.

Argentina Creditors Say Memo Shows Plan to Defy Courts

A lawyer for holders of defaulted Argentine bonds told a judge that a leaked legal memo may be “the smoking gun” showing the South American nation plans to defy U.S. courts and default again if the Supreme Court doesn’t review its case.

Brazil economy stuck in doldrums as Rousseff seeks re-election

(Reuters) - Brazil's economy barely grew in the first quarter as investment plunged, reflecting a broad malaise that has stirred recent labor unrest and street protests as President Dilma Rousseff seeks a second term.

Argentina in deal with Paris Club to pay $10bn debts

Argentina has reached an agreement with the Paris Club group of international creditor governments to repay its overdue debts over a five-year period.

Brazil set to pause interest rate hikes to shield economy

BRASILIA, May 28 (Reuters) - Brazil will likely stop raising interest rates on Wednesday to avoid choking an already weak economy even if inflation remains stubbornly high.

World Cup 2014: Brazil will win the tournament, at least according to Goldman Sachs

Further evidence of Brazil’s chances of securing a record sixth World Cup came from economists at Goldman Sachs today, who predicted the hosts would beat Argentina 3-1 in the final.

Mexico Peso Volatility Declines to Five-Year Low After U.S. Data

A measure of the Mexican peso’s fluctuations between gains and losses fell to the lowest level since September 2008 as a U.S. report indicated that the Latin American nation’s biggest export market is recovering.

Colombian Peso Leads Emerging Markets Before Presidential Vote

Colombia’s peso posted the biggest three-month rally in emerging markets on speculation the government will maintain policies supporting economic growth no matter who wins the presidential vote.

Chile economy likely grew 2.5 pct in first quarter - cenbanker

RIO DE JANEIRO, May 16 (Reuters) -Chile's economy likely grew by 2.5 percent in the January-to-March period compared with a year earlier, the country's central bank chief said on Friday at a central bankers' seminar in Rio de Janeiro.

Argentina Peso Plunge Becomes Art for Dumpster-Diving CEO

To see the effect of Argentina’s peso devaluation, head to the country’s most popular art show.

Mexico cuts economic growth forecast after weak 1st quarter

(Reuters) - Mexico's economy grew less than expected in the first quarter due to weak domestic demand and sluggish industrial activity, prompting the government to slash its growth outlook to below three percent for 2014.

Argentine economy faces first slump since end of debt crisis

(Reuters) - After a decade of growth, Argentina faces a sharp decline this year as industrial output falls and one of the world's highest inflation rates hits consumer spending and new investment.

Mexico's Economy Remains Weak in First Quarter

MEXICO CITY--Mexico's economy remained weak in the first quarter as the economic slowdown in the U.S. weighed on the country's vital export engine and the impact of new taxes hit domestic demand.

As Latin American economic growth slows, regional economies are at a crossroads

MIAMI — Speakers at the University of Miami's Latin America Symposium said the region can no longer look to favorable world economic trends to create growth.

Brazil adds 105,384 jobs in April, below market forecasts

BRASILIA, May 21 (Reuters) - Brazil's economy added a net 105,384 payroll jobs in April, the Labor Ministry said on Wednesday, well below market expectations.

Argentine economic activity unexpectedly drops in March

BUENOS AIRES, May 16 (Reuters) - Argentina's economic activity index unexpectedly slid in March by 0.9 percent on the year, data from the INDEC statistics agency showed on Friday, adding to signs of a slowdown in Latin America's third-largest economy.

Mexico Congress OKs Political Reform, Paves Way For Energy Bill

MEXICO CITY, May 16 (Reuters) - Mexico's Congress early on Friday gave final approval to a political reform bill that will help clear the way for the passage of legislation needed to implement a major energy reform.

Chile Keeps Rates on Hold as Prices Rise Fastest in Five Years

Chile’s central bank kept borrowing costs unchanged for the second straight month as the inflation rate reached a five-year high and economic growth a near five-year low.

Brazil's Rousseff sticks to her guns despite investor pressure

(Reuters) - Dilma Rousseff sometimes enters the cabin of her presidential plane, asks to see the flight plan and orders the pilot to fly around potential turbulence - even if it might add hours to the journey.

Fleet restructure costs weigh on LATAM Airlines earnings

SANTIAGO, May 13 (Reuters) - Latin America's biggest airline LATAM Airlines posted a loss in the first quarter as improved operating results were offset by fleet restructuring costs, a weak Brazilian real and poor performance in its cargo business.

Mexico Currency Volatility Declines to Lowest Level Since 2008

Mexico’s peso volatility dropped to its lowest level since September 2008 as investors awaited further evidence that Latin America’s second-biggest economy is picking up momentum.

Brazil Swap Rates Drop as April Inflation Slower Than Forecast

Brazilian swap rates fell for the first time in three days as a report indicated that annual inflation accelerated less than forecast in April.

Brazil auto output stagnates in April, trailing year earlier

SAO PAULO, May 9 (Reuters) - Brazilian auto output was little changed in April from March and trailed far behind a year earlier, as weak demand and high inventories pressured global carmakers to trim their workforce.

Argentine economy shrinks in fourth quarter on lower exports

BUENOS AIRES, May 9 (Reuters) - Argentine gross domestic product contracted 0.4 percent in the last three months of 2013 after expanding 1.0 percent in the previous quarter, official data showed on Friday, pointing to growing weakness in Latin America's No. 3 economy.

Mexico annual inflation hits 6-month low in April

MEXICO CITY, May 8 (Reuters) - Mexican inflation cooled to a six-month low in April as electricity and fresh food prices eased, backing expectations for steady interest rates this year in Latin America's No. 2 economy.

Brazil industry takes small step back in March

SAO PAULO, May 7 (Reuters) - Brazilian industrial output fell in March as higher credit costs and rising inventories contributed to a drop in capital goods and auto production.

Argentine inflation data questioned even after reforms

BUENOS AIRES, May 7 (Reuters) - When Argentina revamped its consumer price index this year investors were relieved that Latin America's No. 3 economy was trying to win back the trust of financial markets after years of blatantly underreporting inflation.

Mexico cites major interest in oil reform, including from China

(Reuters) - The Mexican government's opening of its oil and gas industry is attracting major interest from investors worldwide, including companies from China and Singapore, Economy Minister Ildefonso Guajardo said on Monday.

Chile jobless rate at 1-1/2 year high, economy still weak

SANTIAGO, April 30 (Reuters) - Chile's jobless rate in the first quarter rose to 6.5 percent, its highest in 1-1/2 years, while manufacturing output in March fell shy of expectations, underscoring continued weakness in the economy of the top copper exporter.

Brazilian Real Climbs on Speculation Rousseff Support Declining

Brazil’s real rallied the most among major currencies on speculation a poll expected to be published this weekend will show eroding support for President Dilma Rousseff’s re-election.

Panama votes this weekend in closest election since 1989 US invasion

Panamanians vote for a new president on Sunday in the closest contest in a generation with opponents of President Ricardo Martinelli seeking to thwart the business tycoon's attempt to maintain an indirect grip on power.

Brazil's president raises welfare payments ahead of election

President Dilma Rousseff announced increases in payments for Brazil's poorest citizens in honor of the country's May 1st celebrations as she gears up to campaign for reelection in October.

Latin American economies to grow 2.7 pct this year - UN

SANTIAGO, April 29 (Reuters) - The economies of Latin America and the Caribbean will grow less this year than previously forecast, hurt by lower-than-expected dynamism in top economies Brazil and Mexico, the United Nations' economic body for Latin America said on Tuesday.

Mexico presents legislation to implement energy reform

MEXICO CITY, April 30 (Reuters) - Mexico's government on Wednesday presented long-awaited legislation to flesh out an energy reform that forms the core of President Enrique Pena Nieto's plan to ramp up growth in Latin America's second biggest economy.

Venezuela hikes minimum wage 30 percent amid high inflation

(Reuters) - President Nicolas Maduro announced on Monday a 30 percent increase in the minimum wage and pensions to protect Venezuelans from inflation nearing a 60 percent annual rate.

Mexican reform drive bogged down by opposition strife

(Reuters) - In his first year in power, Enrique Pena Nieto raced to push through Congress the most ambitious reforms Mexico has seen in a generation, raising hopes of a new dawn for Latin America's second largest economy.

Colombia Unexpectedly Lifts Rates as Growth Rebounds

Colombia’s central bank unexpectedly increased its benchmark interest rate for the first time in more than two years amid signs of an economic rebound and a surge in inflation expectations.

Brazil current account deficit narrows on trade surplus, still large

BRASILIA, April 25 (Reuters) - Brazil's current account deficit narrowed in March after an improvement in the trade balance, but it was still the nation's second largest on record for that month, central bank data showed on Friday.

Mexico central bank seen holding rates as economy drags

MEXICO CITY, April 25 (Reuters) - Mexico's central bank is expected to hold its main interest rate steady on Friday as easing inflation pressures give policymakers room to leave borrowing costs low to support an economic recovery.

Colombia to raise liquidity requirements for brokerages

(Reuters) - Colombia's financial regulator said on Wednesday it will increase the proportion of liquid assets brokerages must hold starting in November, in a bid to reduce exposure to risk.

Wall Street bets on change in Brazil, but the gradual kind

(Reuters) - Brazil's financial markets have soared over the past month on hopes that the government may run smaller deficits, stop interfering as much in the private sector and perhaps even undertake long-needed reforms to revive the economy.

Bolivia raises minimum wage by 20%

Bolivia will raise the minimum wage by 20%, President Evo Morales announced on Monday. Following talks with leaders from Bolivia's main trade union federation, President Morales also said that the basic salary would go up by 10%.

EMERGING MARKETS-Mexico peso firms, Chile dips in thin trade

MEXICO CITY, April 21 (Reuters) - Latin American currencies traded mixed on Monday with Mexico's peso firming along with U.S. stock markets, while Chile's peso slipped amid bets of further interest rate cuts ahead.

Chile Keeps 4% Rate After Four Rate Reductions in Six Months

Chile kept borrowing costs unchanged as quickening inflation led the central bank to pause following four reductions in the past six months.

Power Cuts Reported After 7.5-Magnitude Quake Hits Mexico

Buildings swayed in Mexico City and some neighborhoods lost power after a 7.2-magnitude earthquake struck about 273 kilometers (170 miles) southwest of the capital of Latin America’s second-largest economy.

Brazil's Rousseff looks weak, but so do her election rivals

SAO PAULO (Reuters) - With Brazil's economy struggling, a scandal at its state-run oil company and nearly three-quarters of voters saying they want change from their government, President Dilma Rousseff looks vulnerable in her bid for re-election this October.

Argentina says March inflation rate slows to 2.6 pct

BUENOS AIRES, April 15 (Reuters) - Argentine inflation slowed to 2.6 percent in March from 3.4 percent in February, Economy Minister Axel Kicillof announced on Tuesday, adding that the government expects to see a good result for April as well.

Mexico Peso Rises as Sign of U.S. Recovery Buoys Outlook

Mexico’s peso climbed the most in a week as evidence of a U.S. economic recovery boosted the Latin America country’s export outlook.

Peru's economy grew 5.7 pct in February, year over year

LIMA, April 15 (Reuters) - Peru's economic growth picked up in February, rising 5.72 percent from the same month a year earlier on robust mining and manufacturing activity and beating forecasts, government data showed on Tuesday.

World Bank Says Latin America Growth Slowing as Commodities Ease

Economic growth in Latin America and the Caribbean will slow this year as commodity prices remain flat or drop on a deceleration in China, the World Bank said in a report today.

Brazil's Batista faces insider trading probes

(Reuters) - Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation by securities industry watchdog CVM for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms.

Peru finance minister says GDP likely not up more than 6 pct in 2014

LIMA, April 10 (Reuters) - Peru's economic slowdown has bottomed out but more robust growth in coming months will probably not result in an expansion greater than 6 percent this year, the finance minister said on Thursday.

Mexico Peso Heads for Weekly Drop Amid Energy Law Rules Impasse

Mexico’s peso headed to its biggest weekly drop since January as the country’s political parties wrangled over rules for opening up the energy industry, fueling concern that so-called secondary laws may be delayed.

Brazil Says Prices Yet to Feel Full Impact of Higher Rate

The full impact of Brazil’s yearlong interest-rate tightening cycle has yet to be reflected in the inflation rate, according to the central bank.

Mexico inflation cools in March, below central bank limit

MEXICO CITY, April 9 (Reuters) - Mexican inflation fell below the central bank's 4 percent limit in March, cooling a bit more than expected and backing bets for steady interest rates this year in Latin America's No. 2 economy.

Cuba Slashes More Than 100,000 Health Care Jobs

Cuban authorities say they have eliminated more than 100,000 jobs in health care, considered one of the pillars of the 1959 revolution.

Argentine GDP Warrants Drop After Payment Ruled Out

Argentine securities tied to economic growth tumbled after Cabinet Chief Jorge Capitanich said the government won’t make a $3.6 billion payment on the notes following a revision of gross domestic product data.

Mexico growth picking up, inflation behaving - Carstens

MEXICO CITY, April 3 (Reuters) - Mexico's economy is pulling out of a soft patch while inflation will head back towards 3 percent over the next 18 months, Central Bank Governor Agustin Carstens said on Thursday.

Brazil Rate Hikes Not Done Yet

Brazil raised its overnight Selic interest rate to 11% Wednesday as expected, but Nomura Securities in New York thinks the Central Bank is not done hiking rates just yet.

Big Chinese soy project in Brazil: so far, just an empty field

BARREIRAS, Brazil (Reuters) - No signs identify a barren field in northeastern Brazil that was meant to be the center of one of China's most ambitious agricultural forays into South America.

EMERGING MARKETS-Latam currencies weaken on U.S. data, stocks gain

By Asher Levine SAO PAULO, April 2 (Reuters) - Latin American currencies weakened against the dollar on Wednesday after encouraging U.S. employment data raised expectations that monetary stimulus in the world's largest economy would continue to be wound down at its current pace.

Mexican growth to pick up 'more clearly' in second-half: Sanchez

(Reuters) - Mexico's economy should rebound more clearly in the second half of the year as growth picks up for top trade partner the United States, a central bank deputy governor said on Tuesday.

Argentina says March tax income jumps 31 pct year on year

BUENOS AIRES, April 1 (Reuters) - Argentina's tax revenue jumped 30.6 percent in March from a year earlier to 78.71 billion pesos ($9.8 billion), the government said on Tuesday, below the median forecast of 81.2 billion pesos estimated in a Reuters poll of analysts.

Mexico economy hampered by US, weather in 1st quarter - Carstens

NEW YORK, March 28 (Reuters) - Mexico's economic growth in the first quarter of the year is being affected by slower growth in the United States and by poor weather, Mexico Central Bank Governor Agustin Carstens said on Friday.

Brazil to raise rates for longer as inflation drifts higher: Reuters poll

(Reuters) - Brazil will probably keep raising interest rates at least through May as inflation threatens to breach the central bank's target during the upcoming presidential election campaign, a Reuters poll showed on Friday.

Brazil and Argentina ink deal to bolster dwindling trade

(Reuters) - Brazil and Argentina signed a deal on Friday that seeks to guarantee importers will have enough U.S. dollars to pay for exports, a move to increase trade between both nations that has been hit hard by a sharp depreciation of the Argentinean peso.

Latin America likely to embark on needed reforms: IADB

COSTA DO SAUIPE, Brazil (Reuters) - The volatility in global markets buffeting emerging economies could push Latin American nations to move ahead with deep reforms needed to restore their dynamism, the head of Inter-American Development Bank, Luis Alberto Moreno, said on Friday.

Peru eyes trimming environmental red tape to free up investments -minister

(Reuters) - Peru's new energy and mines minister said the government is working on a package of reforms to speed up permitting for investments, including exempting some oil exploration projects from environmental impact studies.

Chile's New Foreign Policy: Leaving Pacific Waters?

Chile’s new government is shifting the focus of foreign policy. After three years in which the Andean country favored an alliance with peers facing the Pacific —Peru, Colombia and Mexico— it’s now looking towards the Atlantic seaboard nations of Argentina and Brazil.

Brazil’s Credit Rating Cut to BBB- by S&P on Sluggish Growth

Brazil’s credit rating was cut by Standard & Poor’s, which said sluggish economic growth and an expansionary fiscal policy are fueling an increase in the country’s debt levels.

Mexico early-March prices rise 0.17 pct

MEXICO CITY, March 24 (Reuters) - Mexican annual inflation in early March cooled more than expected to below the central bank's upper limit, backing bets that policymakers will leave interest rates on hold this year.

Brazil's president holds wide lead ahead of re-election bid: poll

BRASILIA (Reuters) - Brazilian President Dilma Rousseff is holding on to her wide lead over potential rivals and would win a second term outright in the October 5 general election, according to a poll published on Thursday.

Latin America Facing Period Of Weaker Currencies:IMF

Latin American nations are looking ahead at a period of weaker regional currencies, while the widespread growth model based on commodities exports is nearing a "plateau", an International Monetary Fund official said on Wednesday.

Mexico central bank holds interest rates, eyes weak growth

MEXICO CITY, March 21 (Reuters) - Mexico's central bank kept interest rates on hold on Friday, pointing to slack in the economy while noting that a recent spike in inflation had eased and was unlikely to spur wider price pressures.

Colombia economy grows 4.3 percent in 2013, beats expectations

(Reuters) - Colombia's economy grew 4.3 percent in 2013, the national statistics agency said on Thursday, beating the market expectation of 4.1 percent and reflecting momentum driven by nearly a year of low interest rates.

Brazil central bank pledges to limit food inflation jump

BRASILIA, March 18 (Reuters) - Brazil's central bank should act to limit the effects of a recent increase in food prices, central bank chief Alexandre Tombini said on Tuesday, signaling that policymakers may keep raising interest rates to battle inflation.

Chile’s Economy Contracts as Investment Boom in Mining Fades

Chile´s economy surprised analysts by contracting in the fourth quarter as investment in the mining industry declined.

Slim’s Inbursa to Mirror Mexico Model in Brazil With Acquisition

Billionaire Carlos Slim is using a $45 million acquisition to participate more formally in Brazil’s financial market, betting it’s the best way to replicate his Mexican bank’s business model in Latin America’s largest economy, his son said.

Brazil economic activity index rebounds in January

BRASILIA, March 14 (Reuters) - Economic activity in Brazil grew more than expected in January as strong retail sales offset most of the prior month's sharp downturn, the central bank said on Friday.

Peru Keeps 4% Key Rate After Measures to Boost Investment

Peru kept borrowing costs unchanged on expectations inflation will ease from a 20-month high while lower reserve requirements spur growth.

Mexico industry output rises at fastest pace in nearly a year

MEXICO CITY, March 13 (Reuters) - Mexican industrial production rebounded more than expected in January, rising the most in nearly a year pointing to a strengthening recovery in Latin America's no. 2 economy.

Chile central bank cuts rates, hints more reductions possible

SANTIAGO, March 13 (Reuters) - Chile's central bank cut its key interest rate on Thursday to boost economic growth, and suggested more reductions could be in the pipeline if domestic and external macroeconomic conditions merit it.

Venezuela inches toward new forex platform

(Reuters) - Venezuela unveiled currency regulations on Tuesday to help usher in a new foreign exchange platform to combat black market trading, promising the much-delayed system would start in coming days.

Brazil Real Rises Most in Emerging Markets on Petrobras Offering

Brazil’s real gained the most in emerging markets after Petroleo Brasileiro SA sold $8.5 billion in dollar bonds, buoying investment flow prospects.

Brazil Economists Lower Selic Forecast for Second Straight Week

Brazil economists cut their 2014 key interest rate forecast for the second straight week, as 350 basis points in borrowing cost increases since last year threaten to undermine growth.

Argentine price controls reduce biodiesel used in local fuel mix -trade group

BUENOS AIRES, March 10 (Reuters) - The Argentine government has set the price of biodiesel so high that producers cannot afford to use the required amount of it in diesel fuel, the head of the country's biofuels trade group told Reuters on Monday.

In El Salvador, a glimmer of hope for a stronger economy

FORTUNE -- Twenty-one-year-old Cesar Canas flashes a winning smile as he pitches his latest business idea: a shrimp farm that recycles its liquids rather than drawing daily on El Salvador's limited water supply.

Mexico telco regulator to slap measures on market dominated by Slim

MEXICO CITY, March 6 (Reuters) - Mexico's telecoms regulator said on Thursday it would take steps to boost competition in a market dominated by billionaire Carlos Slim's phone giant America Movil, exercising far-reaching new powers it was granted by the government last year.

Brazil posts second straight trade deficit in February

RIO DE JANEIRO, March 6 (Reuters) - Brazil recorded its largest February trade deficit ever, deepening a trade gap this year that underscores the uncompetitiveness of local industry and a voracious appetite for imports.

Chile's economic activity growth hits near four-year low

SANTIAGO, March 5 (Reuters) - Chile's monthly economic activity rose at its weakest pace in nearly four years in January, undershooting market estimates and adding to evidence that an ongoing slowdown in the top copper exporter could be more severe than expected.

Mexico driving to top of import list

CELAYA, Mexico – Mexico is on track to become the United States’ No. 1 source of imported cars by the end of next year, overtaking Japan and Canada in a manufacturing boom that’s turning the auto industry into a bigger source of dollars than money sent home by migrants.

Puerto Rico Deal No Reprieve From Record-Low Supply: Muni Credit

Puerto Rico is set to offer the biggest municipal-bond sale in almost two years. The planned $2.86 billion borrowing still won’t be enough to meet the demand of investors amid a historic slump in debt sales.

Argentina Plans Measures Against Businesses Raising Prices

BUENOS AIRES--Argentina's President Cristina Kirchner has pledged tougher measures against businesses that raise prices, as her administration tries to stabilize an economy suffering from double-digit inflation and hard currency shortages.

Brazil economy ends 2013 on an upbeat note, boosting Rousseff

SAO PAULO/BRASILIA (Reuters) - Brazil's economy ended 2013 on a upbeat note thanks to strong consumer spending and investment, providing a much-needed boost to President Dilma Rousseff as she tries to rebuild her credibility with business leaders and win re-election in October.

Mexico Boosting China Ties Through Trade, Investment, Meade Says

Mexico wants to strengthen ties with China to take advantage of the nation’s growth after the world’s second-largest economy invested more in Central and South America in recent years, according to Mexico’s top diplomat.

Brazil Fourth Quarter Growth Exceeds All Analyst Forecasts

Brazil’s economy grew in the fourth quarter more than economists forecast as an increase in investment offset a drop in industrial production.

EMERGING MARKETS-Brazil real gains for 5th session, Turkey lira drops

LONDON, Feb 25 (Reuters) - Brazil's real on Tuesday gained for a fifth session in a row as investors turned less pessimistic on the country's fiscal prospects, but Turkey's lira hit a two-week low versus the dollar after the latest twist in a government corruption scandal.

Foreign flows into Mexico stocks, bonds gain in Q4

MEXICO CITY, Feb 25 (Reuters) - Foreign investor inflows to Mexican stocks and bonds picked up slightly in the fourth quarter, helping Mexico narrow its current account balance of payments deficit, a central bank report showed on Tuesday.

Brazil, Europe plan undersea cable to skirt U.S. spying

BRUSSELS (Reuters) - Brazil and the European Union agreed on Monday to lay an undersea communications cable from Lisbon to Fortaleza to reduce Brazil's reliance on the United States after Washington spied on Brasilia.

Mexico to trump Japan as No. 2 car exporter to US

CELAYA, Mexico (AP) — Mexico is on track to become the United States' No. 1 source of imported cars by the end of next year, overtaking Japan and Canada in a manufacturing boom that's turning the auto industry into a bigger source of dollars than money sent home by migrants.

Argentina, Brazil said to fret over Venezuela spillover

BUENOS AIRES, Feb. 21 (UPI) -- An Arab Spring-like contagion of discontent and protest sweeping through Venezuela is worrying leaders in Argentina and Brazil for its potential spillover, analysts say.

Voices: Where are the diplomats to help Latin America?

MIAMI - The urgent scramble by diplomats from European Union nations to end the bloodshed in Ukraine underscores just how different things are in Latin America, where Venezuelan protesters seem to be on their own.

Mexico feels energy buzz with N. America summit

MEXICO CITY (AP) — The North American Free Trade Agreement has been good for Eugenio Madero's company. Now he's hoping that a deeper plunge into economic integration, focused on Mexican energy, will be even better.

Uruguay’s Growth Pushing Inflation Past Target, Bergara Says

Uruguay’s growing economy and a tight labor market are keeping inflation above policy makers’ target, according to Economy Minister Mario Bergara.

Brazil Swap Rates Drop on Tombini Inflation Optimism; Real Falls

Brazil’s swap rates fell to the lowest this month as central bank President Alexandre Tombini said inflation will converge with the target, easing speculation that policy makers will keep raising borrowing costs.

Argentina Fines Retailers for Not Stocking Price-Capped Products

BUENOS AIRES--A day after reporting the highest inflation in over a decade, Argentina's government fined several retail chains, including France'sCarrefour SA and U.S.-based Wal-Mart Stores Inc., for failing to stock certain price- capped products.

South America's first Apple store opens in Rio

Some 1,700 impatient shoppers lined up for hours Saturday for the grand opening of Apple's store in Rio de Janeiro -- the first official outpost in South America.

Weak Brazil activity index raises specter of recession

BRASILIA, Feb 14 (Reuters) - Economic activity in Brazil fell sharply in December, raising the specter that Latin America's largest economy may have slipped into recession as the government phased out massive economic stimulus to battle inflation.

Correction: Argentina-Economy story

BUENOS AIRES, Argentina (AP) — Believe it, or not? That's the question of the day in Argentina, where the credibility of a new consumer price index unveiled Thursday is key to containing inflation and attracting investment from a world that has lost confidence in the government's numbers.

Exclusive: Drought could make Brazil lower 2014 fiscal goal - source

(Reuters) - A severe drought stretching Brazil's finances by pushing up its energy bill could force the government to lower its primary budget surplus target this year, a senior official told Reuters.

Puerto Rico's debt cut to junk status by Fitch

Fitch Ratings joined Standard and Poor's and Moody's in cutting Puerto Rico's debt to junk status, as the island's debt problems worsen.

Brazil water project, long delayed, gets election year boost

CABROBO, Brazil (Reuters) - In 2006, then President Luiz Inacio Lula de Silva, a native of Brazil's historically drought-plagued northeast, pushed through an idea that long-suffering residents of the region had been hearing about for more than a century.

Argentina falls, but no longer drags down Brazil

RIO DE JANEIRO (AP) -- When Argentina fell into the economic abyss a decade ago after defaulting on its sovereign debt, Brazil suffered right along with it, nearly following its neighbor into insolvency.

Puerto Rico: Economy Tanks, Are Rising Taxes To Blame?

Puerto Rico is facing staggering challenges to its economy. Its credit rating was downgraded by Standard & Poor’s on Tuesday. Friday saw more bad news for the island territory’s economy, as Moody’s downgraded their debt to junk status, according to an AP report.

Brazil spending on power generation may stretch budget

BRASILIA, Feb 7 (Reuters) - Brazil's fiscal accounts, already under close scrutiny by rating agencies, could suffer a new blow this year as the government picks up the bill for rising energy prices.

Mexico Peso Rises as Upgrade Defies Emerging-Market Doldrums

Mexico’s peso advanced, extending gains from yesterday, after Moody’s Investors Service raised the nation’s credit rating to the highest ever.

UK firms fancy Mexico despite drug violence - Clegg

MEXICO CITY (Reuters) - British companies recognize the security threats posed by Mexico's drug violence but are more focused on opportunities in a batch of economic reforms in Latin America's No.2 economy, Britain's visiting deputy prime minister said on Wednesday.

U.S. trade relationships need an 'upgrade': Pritzker

MEXICO CITY (Reuters) - The North American Free Trade Agreement (NAFTA) and other U.S. trade relationships are outdated and need an "upgrade", U.S. Commerce Secretary Penny Pritzker said on Tuesday during a trade visit to Mexico.

Brazil posts widest trade deficit ever in January

BRASILIA, Feb 3 (Reuters) - Brazil's trade deficit in January was the biggest on record, after a rise in raw material exports failed to offset greater imports of consumer and capital goods, the Trade Ministry said on Monday.

El Salvador Bond Yields Surge After Presidential Election

El Salvador’s benchmark borrowing costs rose the most in emerging markets after the ruling party’s candidate in yesterday’s presidential election did better than some analysts forecast, just missing an outright win.

Mexico Central Bank Holds Rates Despite Pressure on Currency

Mexico’s central bank remained on hold Friday despite the recent currency turmoil in emerging markets and higher local inflation, but warned that it will remain watchful to keep the recent depreciation of the peso from affecting prices.

Argentina seeks to control prices amid devaluation

BUENOS AIRES, Argentina (AP) -- Argentina's government has announced agreements with business leaders to keep the recent sharp depreciation in the peso from pushing up prices for consumer goods.

Brazil's Unemployment Rate Hits Record Low

Brazil’s stock market is losing billions and GDP growth is slower than that of the U.S., but the labor market is the hottest thing going.

Passing Mexican Energy Reform 'Easy Part' of Process

Passing the energy reform legislation in Mexico was the easy part. Next comes the hard part – forming secondary legislation, strengthening regulatory institutions and creating contract terms attractive for investment, an industry observer told attendees at a recent presentation in Houston.

Wary Argentines Shun Offer to Buy Dollars With Strings Attached

Few Argentine savers are taking advantage of the opportunity to buy dollars from the government for the first time in 18 months following the peso devaluation and easing of currency restrictions in the past week.

Cuba hosts LatAm leaders against crisis backdrop

Havana (AFP) - Leaders from across Latin America put aside domestic financial stability concerns to converge on Cuba for the summit of a major group set up to counter US influence.

Brazil Swap Rates Rise on Tombini Inflation Pledge; Real Falls

Brazil’s swap rates climbed after central bank President Alexandre Tombini said policy makers will fight inflation as the real weakens, reviving speculation that the central bank will extend increases in borrowing costs.

Argentina economy minister backtracks on details in relaxing some currency controls

BUENOS AIRES, Argentina – Argentina's economy minister is backtracking on details of the government's recent announcements over the easing of currency controls.

New economic realities take hold in Latin America

While some countries continue to make international news as they battle drug cartels and flash mobs, some experts say Latin America as whole is a picture of growing prosperity.

Brazil's Consumer Confidence Index Fell in January -FGV

SAO PAULO--Brazil's main consumer confidence index dropped in January to its lowest level since June 2009 due to the country's mediocre economic activity and rising inflationary pressures, the Getulio Vargas Foundation, or FGV, said Friday.

Mexico inflation hits fastest pace in 8 months in early Jan

MEXICO CITY, Jan 23 (Reuters) - Mexican annual inflation rose in early January at its fastest pace since May due to an uptick in soda and gasoline prices after a fiscal reform, but the central bank has said it expects the spike to be temporary.

Argentina restricts online shopping as foreign reserves drop

Argentina has introduced new restrictions on online shopping as part of efforts to stop foreign currency reserves from falling any further.

Brazil Analysts Forecast Tighter Monetary Policy as Prices Rise

Brazil economists raised their forecast for benchmark interest rates this year as policy makers in the world’s second-largest emerging market combat the fastest inflation in more than a decade.

Argentina Economy News: 75% Think Country's Economy Is Failing

A new report finds that Argentineans are deeply concerned about the country's economic state. A new survey has found that 75 percent of those questioned felt that the economy is "on the wrong track" while only 16.9 percent felt were satisfied with the country's economic trajectory.

Chile Peso Declines to Three-Year Low After Central Bank Signal

Chile’s peso fell to the lowest level since July 2010 after the central bank said it may cut borrowing costs in coming months to support the economy.

Mexico Peso Falls Most in Latin America on Fed Stimulus Outlook

Mexico’s peso dropped the most in Latin America as signs global growth is accelerating spurred speculation that the U.S. Federal Reserve will move quickly to cut U.S. monetary stimulus.

Venezuela shuffles economic team, keeps forex rate

CARACAS (Reuters) - Venezuela's President Nicolas Maduro named an army general as the new finance minister in a reshuffle of his economic team on Wednesday and said there would be no currency devaluation this year despite a soaring black market for dollars.

World Bank sees global economy picking up

WASHINGTON (AP) - The global economy is slowly picking up steam, led by advanced economies appearing to turn the corner after five years of financial crises and recession and a continued good performance by China, the World Bank said Tuesday.

US Supreme Court to hear Argentina case

The US Supreme Court has agreed to rule on whether Argentina's assets are protected from hedge funds seeking to be paid back.

Latin American 'reconquest' well-placed for Spanish recovery

MADRID/MEXICO CITY (Reuters) - As Spain's economy begins to recover from a near-fatal crisis, Latin American companies and entrepreneurs are ahead of the pack in gaining a foothold from which they can grab a share of the spoils.

Chile Inflation May Accelerate With Changes to Basket

Chile’s inflation ended last year right on the central bank’s target of 3.0%, but changes to the basket used to measure consumer prices could push up inflation going forward.

Brazil inflation fails to slow in 2013 despite rate hikes

Inflation in Brazil ended 2013 higher than expected after surging in December, stymieing President Dilma Rousseff's hopes that a flurry of aggressive interest rate hikes and tax breaks for key industries would tame consumer prices.

Argentina: new price controls to fight inflation

BUENOS AIRES, Argentina (AP) - Argentina's government is launching its latest price control program to curb high inflation.

Mexico auto production, exports rise in 2013-AMIA

MEXICO CITY, Jan 8 (Reuters) - Mexican auto production rose by 1.7 percent and exports jumped by 2.9 percent last year, the Mexican Auto Industry Association (AMIA) said on Wednesday.

Latin America in 2014

It has taken 50 years for a commercial flight from the United States to have official permission to land with American passengers in Cuba, but recently a small plane from Key West has done just that.

Moody's could cut Brazil rating outlook if economy disappoints

SAO PAULO, Jan 6 (Reuters) - Moody's Investors Service could cut Brazil's rating outlook later this year if the economy disappoints in the first half of 2014, Mauro Leos, the firm's senior credit analyst for Brazil, said on Monday.

Argentina’s economy is in crisis. So it focuses on the Falklands, of course

WASHINGTON — Argentines have given so much to the world, yet have so little to show for it. The second largest country in Latin America has given birth to music (tango), soccer stars (Maradona and Messi) and popular icons (Eva Peron) that have mesmerized the world for decades.

Colombia’s Central Bank Considers Lower Rates to Hit CPI Target

Colombia may need to cut interest rates to ensure that the economy grows at its full capacity, according to some members of the central bank’s policy committee.

Brazil Posts Smallest Trade Surplus Since 2000 on Surging Imports

Brazil barely exported more than it imported in 2013, the worst trade performance by Latin America’s largest economy in more than a decade as strong consumer spending boosted imports and weak global demand eroded exports, an imbalance that could create problems for President Dilma Rousseff this year as she strives to prod growth ahead of elections.

Mexican sales tax hike seen as boon on US border

CHULA VISTA, Calif. (AP) -- Mexican license plates are common in parking lots of shopping malls in U.S. border cities.

Brazil Real Falls to Four-Month Low as Intervention Scaled Back

Brazil’s real dropped to a level weaker than 2.4 per dollar for the first time in four months as the central bank began scaled-back support for the currency.

Latin Americans Head to Spain for Business School

After seven years of working in management in the United States, Joana Jo Fratini started making plans a couple of years ago to return home to Brazil.