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Thursday, November 7, 2013

Brazil's services sector surges in October - PMI

SAO PAULO, Nov 5 (Reuters) - Activity in Brazil's services sector surged to an eight-month high in October, a closely watched business survey showed on Tuesday, adding to hopes for a fourth-quarter rebound in Latin America's largest economy.

Wednesday, November 6, 2013

Chile’s Economy Contracted by Most in Seven Months in September

Chile’s economy contracted at the fastest pace in seven months in September, the month before the central bank voted unanimously to cut interest rates, according to the minutes of its Oct. 17 meeting.

Tuesday, November 5, 2013

Mexico Peso Implied Volatility Falls on Fed Outlook; Yields Drop

The Mexican peso’s implied volatility dropped from a three-week high as investors speculated over when the U.S. Federal Reserve will slow bond purchases that have fueled demand for the Latin American country’s local-currency debt.

Monday, November 4, 2013

Brazil Pledges 20% Cut in State Bank Lending to Narrow Deficit

Brazil plans to reduce lending by its development bank by about 20 percent next year to shore up finances after a wider-than-expected September deficit fueled speculation the nation’s credit rating may be cut.

Sunday, November 3, 2013

Ecuador's economy grew 3.5 pct in second quarter

QUITO, Nov 1 (Reuters) - Ecuador's economy grew 3.5 percent in the seacond quarter that ended in June vs the same period a year earlier, driven by expansion of construction, communications and oil sectors, the central bank said on Friday.

Saturday, November 2, 2013

How to grow Latin America’s middle class

Demonstrations in Latin America show just how far societies have come, and how much further they must go to meet the expectations that come with rising incomes.

Friday, November 1, 2013

Brazil Posts Widest Federal Primary Budget Gap in Almost 5 Years

Brazil’s federal government posted the widest primary budget deficit in almost five years, a performance that Banco J. Safra says increases the probability the nations credit rating will be downgraded.