By Fabian Werner MONTEVIDEO (Reuters) – South America’s major Mercosur trade bloc, which includes regional powerhouses Brazil and Argentina, has been rattled by one of its smaller members,[...]
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Latin America
Chile’s central bank maintains interest rate at 11.25%
SANTIAGO (Reuters) – Chile’s central bank maintained its benchmark interest rate at 11.25% on Tuesday, as the bank said the country had reached its peak in the current hiking cycle, which[...]
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Airlines see return to profit in 2023, clash with airports
By Emma Farge GENEVA (Reuters) -Global airlines are predicting their first industry-wide profit since 2019 next year as air travel rebounds from COVID-19 restrictions, while a new war of words erupted[...]
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Brazil’s Nubank announces $330 million equity capitalization in Mexico
MEXICO CITY (Reuters) – Brazilian digital bank Nubank, Latin America’s largest fintech, announced on Tuesday a $330 million equity capitalization in Mexico, as it pushes to expand operatio[...]
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Analysis-Investors look to emerging markets as planets align for end of dollar bull market
By Saqib Iqbal Ahmed NEW YORK (Reuters) – As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal[...]
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Factbox-How governments are trying to ease inflation pain
(Reuters) – Pandemic-related disruptions to global supply chains and the knock-on effects of Russia’s war in Ukraine have driven up prices of energy, commodities and necessities. Here[...]
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Moody’s sees ‘very high’ foreign exchange risk for banks in Ukraine, Turkey
LONDON (Reuters) – Banks in countries such as Ukraine and Turkey face a “very high” risk from restrictions on capital flows, weak international reserves and a high level of foreign c[...]
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Soccer-Brazil’s Vinicius Jr looking to terminate Nike deal, report says
SAO PAULO (Reuters) – Brazil’s Real Madrid forward Vinicius Jr is trying to terminate his sponsorship agreement with Nike Inc, website UOL reported on Sunday, saying the player feels he ha[...]
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Mexico, U.S. plan pitch by early 2023 to lure firms from abroad
MEXICO CITY (Reuters) – Mexican Economy Minister Raquel Buenrostro and U.S. Secretary of Commerce Gina Raimondo on Friday agreed to set out a plan by early 2023 for the relocation of companies f[...]
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