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Sunday, August 30, 2015

Colombian Currency’s Wider Swings Fuels Intervention Bets

The biggest swings in four years for Colombia’s peso are fueling speculation that the nation’s central bank will follow the steps of Mexico and Peru in taking measures to ease volatility in the currency.

Friday, August 28, 2015

Petrobras Among Brazil Borrowers Most at Risk as Real Sinks

Petroleo Brasileiro SA, the state-controlled oil producer with $55 billion of overseas bonds, is among the Brazilian companies most at risk of seeing leverage ratios swell as the real posts the world’s biggest currency losses.

Wednesday, August 26, 2015

Why Latin America Is Feeling the Brunt of China’s Slowdown

In a move that shocked global financial markets, the People’s Bank of China allowed the yuan to depreciate nearly 2% against the U.S. dollar in mid-August, which has weakened demand for the commodities of Brazil, Argentina, Chile and other Latin American countries.

Tuesday, August 25, 2015

Everything Is Going Wrong in Ecuador

As emerging markets come unhinged around the world, few nations face tougher challenges than Ecuador, a dollarized oil producer in El Nino’s path, where street protests are flaring up alongside one of the planet’s most dangerous volcanoes.

Monday, August 24, 2015

Brazil Judge Seeks Probe Into Rousseff’s 2014 Campaign Funds

A Brazilian electoral court judge has requested a probe into President Dilma Rousseff’s 2014 campaign financing on signs it may have included money siphoned from state-owned oil company Petrobras.

Sunday, August 23, 2015

BRAIN DRAIN: Some of Latin America's most capable minds are bolting

Several of Latin America’s key economies are sputtering. And now, partly because of these economic doldrums, countries in the region are losing some of their brightest and most capable minds.

Saturday, August 22, 2015

Mexico Probe Finds No Favoritism by President, Top Minister

Mexican President Enrique Pena Nieto and his finance minister were cleared of using their political influence to favor government contractors who sold them homes, according to a probe by the country’s public comptroller.

Sunday, August 16, 2015

Peru economy beats expectations with 3.87 pct growth in June

LIMA, Aug 14 (Reuters) - Peru's economy grew by a faster-than-expected 3.87 percent in June from a year earlier, a strong uptick from May and one of the fastest monthly expansions of the past year, state statistics agency Inei said on Friday.

Saturday, August 15, 2015

Latin America Airlines Plunge as Earnings Show Currency Weakness

Latin America’s largest airlines tumbled this week after carriers reported disappointing earnings that were hurt by lower demand and weaker currencies.

Friday, August 14, 2015

Colombia’s Peso Weakens to Record Low as Crude Oil Prices Tumble

Colombia’s peso dropped to a record low as prices tumbled for oil, the country’s biggest export, and after a central bank official said the currency selloff is justified.

Thursday, August 13, 2015

Brazil’s Rousseff Says She’s Never Considered Resigning Her Post

Brazilian President Dilma Rousseff said she has never considered stepping down even as her popularity sinks and her ruling coalition crumbles.

Wednesday, August 12, 2015

Tuesday, August 11, 2015

Three Things Argentina’s Bondholders Will Look for in Primaries

Argentina’s presidential primaries will offer the first clues about the outlook for ending a decade-long legal battle with creditors that has shut the country out of overseas bond markets.

Friday, August 7, 2015

Mexico Peso Falls for Third Day, Prompting Currency Intervention

The Mexican peso fell for a third straight day, headed toward its lowest close on record and prompting the central bank to sell $200 million in extraordinary foreign-exchange auctions to slow the currency’s slide.

Thursday, August 6, 2015

Mexico's Pipeline Boom Fueled by Texas Drillers Moving Natural Gas

Never mind Mexico’s oil reform. These days, the action is in natural gas. Since last year, when new laws made it easier for foreign companies to export gas to Mexico, there’s been more than $10 billion of planned or completed pipeline investments announced by companies such as Dallas-based Energy Transfer Partners LP.

Tuesday, August 4, 2015

Monday, August 3, 2015

Puerto Rico nears default as debt restructuring beckons

NEW YORK (Reuters) - Puerto Rico on Friday made a payment on debt owed by its Government Development Bank, but the U.S. territory may still be short of the funds needed to pay all of its imminent obligations.

Saturday, August 1, 2015

Venezuela occupies food warehouse of biggest private company

CARACAS, Venezuela (AP) — Venezuela's largest food distributor on Thursday denounced the government occupation of a Caracas warehouse amid accusations that the company is hoarding goods.