Brazil Corruption Scandal Goes Nuclear as Police Probe Grows

Police extended Brazil’s biggest corruption investigation to executives of Latin America’s largest utility in another chapter of a scandal that has shaken the country’s political and business elites.

Puerto Rico Can Manage Debt, Hedge-Fund Backed Study Finds

A report released by a group of hedge funds that own $5.2 billion of Puerto Rico bonds said the island’s central government can pay what it owes, showing the resistance the commonwealth faces as it seeks to restructure its $72 billion of debt.

Mexico Meets its Elusive Inflation Target

After more than two decades trying, Mexico can finally declare victory over inflation. Annual inflation in Mexico eased to 2.76% in early July, its lowest level since 1970, when consumer prices began to be measured nationally.

Prosecutors Accuse Top Brazil Building Executives of Corruption

Federal prosecutors formally accused executives from Brazil’s top builders of participating in the country’s biggest corruption scandal in history.

Brazil Banks: Worst Is Yet to Come?

As Brazil’s currency weakens and the iShares MSCI Brazil Capped ETF (EWZ) falls another 3% today, heed the observations of the RBS credit team who think the worst is yet to come for Brazil’s economy.

Mexico's energy reform key topic atsummit in El Paso, Juárez

The Mexican energy reform will be the topic of special breakout session at the 2015 United States-Mexico Summit: A View from the Border next month in Juárez, officials said Friday.

Venezuela’s Inflation Nightmare Signals Default May Come Sooner

Venezuela is about to earn another ignominious distinction. Long home to the world’s highest inflation rate, the country now is set to become the site of the 57th hyperinflation event in modern recorded history, says Steve Hanke, professor of applied economics at Johns Hopkins University.

As Brazil Job Market Sours, A Coup Of Sorts Hits The Capital

This year just got a whole lot tougher for Brazil. Brazil’s job market is getting worse, as Friday’s data suggests.

Brazil’s Biggest Bank Now Forecasts Two-Year GDP Contraction

Itau Unibanco SA is now forecasting Brazil’s economy will contract for a second consecutive year as unemployment continues to rise and the government struggles to contain above-target inflation.

Corruption Seen Thwarting Attempt to Recapture Mexican Drug Lord

Mexican President Enrique Pena Nieto has failed to keep one pledge regarding Joaquin “El Chapo” Guzman and experts familiar with the country’s drug war say a second vow is at risk: the cartel kingpin’s recapture.

Brazil Analysts Boost 2016 Benchmark Rate Call for Second Week

Brazil analysts raised their 2016 forecast for the benchmark Selic rate as the central bank vows to slow inflation to target by the end of next year.

Chile, Mexico ETFs to Capture the Growth in Consumer Spending

Money managers are starting to take an interest in Mexico and Chile as consumer spending picks up. Retail investors can also access the two markets through country-specific exchange traded funds.

Mexico’s Fox Says Next 3 Years Will Be Best of Pena Nieto’s Term

Former Mexican President Vicente Fox said the outlook for Latin America’s second-largest economy is picking up and that drug-related violence is easing.

EMERGING MARKETS-Brazil's real flirts with 3.2 per dollar on Greece worry

SAO PAULO, July 7 (Reuters) - Brazil's currency, the real, posted its biggest intraday loss against the dollar in six weeks on Tuesday as uncertainty over Greece's future in the euro zone sapped global demand for riskier assets.

Chile’s Growing Desert Is Closing In on the Country’s Capital

The world’s driest desert is expanding south and sitting in its path is Chile’s capital. Santiago, a city of 7 million people 1,000 kilometers (622 miles) from the Atacama desert, is experiencing its driest year since 1966.

Argentina's Fernandez celebrates Greece's 'No' to creditors

BUENOS AIRES (Reuters) - World markets may tremble at Sunday's decision by Greek voters to reject conditions of a rescue deal from creditors, but the leader of Argentina, which suffered a similar crisis more than a decade ago, boldly welcomed the referendum result.

Pope’s South American Homecoming to Spotlight Poor, Environment

Pope Francis will fly to South America on Sunday for a nine-day visit in which he is likely to focus on the poor and may challenge policies on oil and gas drilling.

Stuck in Brazil’s Shadow, Four Latin Nations Look for a Way Out

Chile, Colombia, Mexico and Peru are going to give it another go.

Mexico Peso Falls to Record Low Against Dollar on Greece Turmoil

Mexico’s peso fell to a record low, swept up in a global currency selloff fueled by Greece’s standoff with European authorities over a bailout.

Puerto Rico wants to be able to declare bankruptcy

Puerto Rico's governor has a message for Washington D.C: change the law, we want the right to declare bankruptcy. On the brink of default, Governor Alejandro García Padilla demanded that the U.S. government allow Puerto Rico, a commonwealth, access to chapter 9 bankruptcy.