Brazil’s real headed for its biggest monthly loss since November as government measures to curb the currency’s appreciation and concern the global recovery will falter sapped demand for Brazilian assets.
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Saturday, March 31, 2012
Friday, March 30, 2012
Brics summit of emerging nations to explore bank plan
The main emerging economies have met in the Indian capital, Delhi, to look at ways of strengthening their position against Europe and the United States.Brazil, Russia, China, India and South Africa (the Brics group) are proposing an alternative to the World Bank.
Thursday, March 29, 2012
Benchmark IPC Equity Index Climbs to Record: Mexico City Mover
Mexico’s benchmark IPC stock index climbed to a record as a pickup in the U.S. economy buoyed optimism in the outlook for its southern neighbor.
Wednesday, March 28, 2012
SURVEY: Argentina's 4Q GDP Likely Expanded 7.0% On Year
BUENOS AIRES -(Dow Jones)- Argentina's economy probably cooled in the fourth quarter from the breakneck pace of expansion observed in previous quarters owing to a slowdown in manufacturing and worsening consumer sentiment.
Tuesday, March 27, 2012
Brazil’s Economy Slowing Less Than Expected on Strong Demand
Brazil’s economy slowed less than analysts expected in January as demand for goods and services helped offset a contraction in industrial production.
Sunday, March 25, 2012
Colombia Keeps 5.25% Rate to Gauge Effect of Nine Increases
Colombia’s central bank kept borrowing costs unchanged as it seeks to gauge whether nine interest rate increases in 13 months will be enough to prevent the fastest growth since 2007 from stoking inflation.
Saturday, March 24, 2012
Brazil Unemployment Rate Edged Higher in February
RIO DE JANEIRO—Brazil's unemployment rate rose for a second straight month in February as companies continued to dismiss workers they had hired for the busy year-end holiday season, although the still-tight labor market pushed salaries to a record high.
Friday, March 23, 2012
Brazil To Attract Capital Over 8 Years, But Currency Stable -Itau
SAO PAULO -(Dow Jones)- Brazil will attract more private-sector investments over the next eight years, compensating in part for lack of domestic savings, but there's unlikely to be a major appreciation of the Brazilian currency, according to economists at Brazil's Itau Unibanco Holdings SA (ITUB, ITUB4.BR).
Thursday, March 22, 2012
Chile's GDP Expanded 6% in 2011
SANTIAGO, Chile—Chile's economy grew at a robust pace last year, picking up speed in the fourth quarter on resilient domestic demand, the central bank reported Monday.
Wednesday, March 21, 2012
China and IDB to launch $1bn fund for Latin America
China and the Inter-American Development Bank (IDB) have announced plans for a $1bn (£630m) fund for Latin American markets.
Tuesday, March 20, 2012
Analysis: Nimble neighbors outshine Brazil on growth
MONTEVIDEO (Reuters) - Swift growth by nimble Latin American countries like Chile, Colombia and Peru has put renewed focus on regional heavyweight Brazil, whose relatively closed, high-tax economy is now sputtering below its potential.
Monday, March 19, 2012
Latin American Nations in Worse Shape for Crisis, IDB Says
Most Latin American nations, in the event of another global crisis, are in worse shape to implement stimulus than in 2007 as a result of lower budget surpluses before interest payments, the Inter-American Development Bank said.
Saturday, March 17, 2012
Argentina, Brazil back Cuba's inclusion in future summits
BRASILIA, Brazil, March 15 (UPI) -- Cuba will be barred from next month's Summit of the Americas at U.S. insistence but Havana's friends Argentina and Brazil are vowing with new resolve to have Havana leaders present at subsequent conferences.
Friday, March 16, 2012
Brazil, Mexico fail to bridge gap on auto dispute
MEXICO CITY, March 14 (Reuters) - Brazil and Mexico failed to break a deadlock on talks to save a decade-old auto trade deal on Wednesday, with no sign of Brazil backing down on its demand Mexico curb auto exports to Latin America's biggest economy.
Thursday, March 15, 2012
Peru Sees Slower Spending By Mining Firms This Year
LIMA – Peru's government expects mining companies to invest only slightly more this year than last year as protests from local communities force many firms to put planned spending projects on the back burner. But it also sees the pace of growth in mining investments recovering strongly in 2013, as authorities resolve community opposition to various projects.
Wednesday, March 14, 2012
Brazil-ethanol-slows
Brazil is struggling to make enough ethanol to satisfy domestic demand just as the U.S. scraps restrictions on imports for the first time since 1980.
Tuesday, March 13, 2012
Fernandez numbers hurt by slowing Argentine economy
BUENOS AIRES (Reuters) - Argentine leader Cristina Fernandez's popularity fell to a 13-month low of 42.1 percent in a poll released on Sunday, as people in the grains-exporting country start to feel the pinch of the contracting global economy.
Saturday, March 10, 2012
Brazil’s February Consumer Prices Rise 0.45% From Previous Month
Brazil’s consumer prices in February rose at the slowest pace in four months on falling transportation and clothing costs, supporting the central bank’s decision to accelerate the pace of interest-rate cuts.
Friday, March 9, 2012
Chile ETFs Boosted by Rising Copper Prices
Chile is one emerging economy of Latin America that has great growth potential and can offer investors a play on the commodity market. The iShares MSCI Chile (NYSEArca: ECH) tracks the world’s largest producer of copper and also gives some mining exposure.
Thursday, March 8, 2012
AB InBev Fourth-Quarter Profit Beats Estimates
Anheuser-Busch InBev NV (ABI), the world’s biggest brewer, reported fourth-quarter earnings that beat analysts’ estimates aided by an improvement in sales of its flagship Budweiser brand.
Wednesday, March 7, 2012
Brazil 'overtakes UK's economy'
Brazil has become the sixth-biggest economy in the world, the country's finance minister has said.
Tuesday, March 6, 2012
Biden visits Mexico and Honduras amid drug debate
US Vice-President Joe Biden is visiting Mexico and Honduras amid calls by regional leaders for a new debate on decriminalising drug use.
Monday, March 5, 2012
Fox pushes bridge building
There's gold for American and Mexican companies doing business on both sides of the border - with enough left over for charity.
Saturday, March 3, 2012
Brazil's Currency At 1.70 Will Always Mean Intervention
Anyone who follows Brazil closely should know by now that whenever the Brazilian real hits 1.70 to the dollar, alarm bells go off in the Finance Ministry.
Friday, March 2, 2012
Argentina urges fewer British imports in Falklands row
BUENOS AIRES (Reuters) - Argentina's industry minister urged company executives on Tuesday to stop importing British goods, a ministry source said, further straining ties as the 30th anniversary of the Falklands war approaches.
Thursday, March 1, 2012
Drug Crackdown Fuels Guatemala Bond Rally as Ex-General’s Taxes Fund Fight
Guatemalan President Otto Perez Molina is sparking a bond rally by pledging to tame drug violence that has pushed the murder rate up 60 percent in the past decade and cut into economic growth.
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