Mexico accounting regulator says no fraud at Pemex

(Reuters) - Mexican authorities said on Wednesday that state oil monopoly Pemex had not hidden losses of $30 billion, quashing accusations from opposition lawmakers in the run up to a presidential election in which overhauling the firm is set to be a key issue.

Brazil's BNDES Cuts Interest Rates For Micro, Small Businesses

RIO DE JANEIRO--Brazil's economy is solid and has the capability to grow in the long term, the president of the country's National Development Bank said Tuesday as he announced interest-rate reductions on credit lines for micro, small, medium and large businesses.

Mea culpa, economy boost Chile Pinera's approval: poll

SANTIAGO (Reuters) - Embattled Chilean president Sebastian Pinera's approval rating bounced from a record low to 33 percent in May, a poll showed on Monday, boosted by a solid economy and a breather in social protests, though some see a brief respite unlikely to affect governance.

Argentina's Deputy Economy Minister Denies Government Will Abolish Dollar Use

BUENOS AIRES – Argentina's Deputy Economy Minister Axel Kicillof on Friday lashed out at a report that his economic team is drafting legislation to abolish the use of foreign currencies in the economy as double-digit inflation spurs Argentines to seek the perceived safety of the U.S. dollar.

Analysis: the Chilean economy in 2012

The Chilean economy has long been the model for Latin America and maintains the region's highest credit ratings with Aa3 from Moody's and A+ from Standard & Poor's and Fitch.

Brazil Flexes Strong Arm to Reverse Slowdown

BRASILIA—Brazilian Finance Minister Guido Mantega vowed that a weaker currency, more government-backed lending and other stimulus measures will reactivate the once high-flying South American economy, whose recent stagnation has prompted some economists to predict an era of modest growth.

Another Way Into Latin America

It’s not easy being invested in equities these days. Especially higher beta region like Latin America. The market is not really rewarding the region for its solid government finances and ever-expanding consumer base.