Brazil Heads For Moderate Rate Cuts, Strong Real -Economist

SAO PAULO -(Dow Jones)- Interest rate cuts by the Brazilian Central Bank will be more moderate than analysts are currently predicting, underpinning continued strength for Brazil's currency, the real, according to economist and former finance ministry official Bernard Appy.

Brazil wants more IMF power for extra eurozone funds

Brazil has said that developing nations would be happy to provide more money to ease the eurozone's debt crisis, in return for more power within the International Monetary Fund (IMF).

Ranbaxy laboratories may hand over Latin American operations to Daiichi Sankyo

NEW DELHI: Ranbaxy Laboratories may hand over its Latin American marketing operations to parent Daiichi Sankyo, a move analysts said could be a precursor to the Indian drugmaker's exit from some countries in the region.

US and Mexico agree Gulf of Mexico oil cooperation

The US and Mexico have agreed to work together to develop deep-water oil and gas fields that straddle their maritime border in the Gulf of Mexico.

Analysis: Brazil investment trends show consumer clout

SAO PAULO (Reuters) - Slow profit growth is prompting Brazilian commodities companies to slash capital spending plans, making growth in Latin America's largest economy even more dependent on consumer spending.

Peru, Latin America's hidden growth story

LIMA, Peru — First, the hammer blows ring out across the neighborhood. Then the cement mixer begins its deafening rumble. It is 8 a.m. on a Saturday morning.

In Latin America, Chinese cars are gaining buyers

LIMA, Peru - At first, Lima taxi driver Mario Segura was disgusted by the thought of buying a Chinese-made car. He had doubts about the vehicles' durability, service and resale value.