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World Markets Latin America


  • LIMA, Peru— The last time the IMF held its annual meetings in Latin America, Ernesto "Che" Guevara was trying to spread Cuba's revolution throughout the hemisphere and much of the region was under the thumb of repressive dictatorships. And many governments, even some leftist ones like Bolivia and Ecuador that are hostile in rhetoric to the so-called Washington...

  • RIO DE JANEIRO/ BRASILIA, Oct 8- President Dilma Rousseff's opponents have a clearer path to impeach her after two court rulings against her this week but political hurdles still make her ouster unlikely anytime soon. As many as a dozen impeachment petitions are already before Brazil's Congress, presented by opposition lawmakers who allege, among other...

  • IMF warns of financial crisis as EMs slow Thursday, 8 Oct 2015 | 1:00 PM ET
    IMF warns of financial crisis as EMs slow

    CNBC's Geoff Cutmore reports on a major meeting being held in Peru after the IMF warns Latin America could experience recession.

  • Peru hosting IMF and World Bank meetings Thursday, 8 Oct 2015 | 8:00 AM ET
    Peru hosting IMF and World Bank meetings

    With the world's finance ministers and central bank governors assembled in Lima for the annual meetings of the International Monetary Fund and the World Bank, host nation Peru is increasingly being hailed as Latin America's secret success story.

  • Forget Mexico—Is Peru the secret success story? Thursday, 8 Oct 2015 | 2:03 AM ET
    Lima, Peru

    With finance ministers and central bank governors assembled in Lima, Peru is increasingly being hailed as Latin America's secret success story.

  • Will Brazilian president Dilma Rousseff be impeached? Thursday, 8 Oct 2015 | 1:30 AM ET
    Will Brazilian president Dilma Rousseff be impeached?

    Bhanu Baweja, head of emerging market cross asset strategy at UBS, says he expects a relief rally in Brazilian equities if Rousseff is impeached, after a court said her government had manipulated public accounts in 2014.

  • DIARY-Top Economic Events to Oct 20 Wednesday, 7 Oct 2015 | 8:01 PM ET

    LIMA- IMF/World Bank discussion on "Financial Inclusion: Can It Meet Multiple Macroeconomic Goals?" LIMA- IMF/World Bank discussion on "Fragility in Middle Income Countries: New Ideas for Unique Challenges"- 1500 GMT. LIMA- IMF/World Bank discussion on " Latin America in the Spotlight: New Challenges for Central Banking in Latin America"- 1645 GMT.

  • MEXICO CITY, Oct 7- Mexico may succeed in bringing oil production only back to where it was three years ago by the time the current administration ends in 2018 despite a major reform to open up the industry, a senior government official said on Wednesday. Asked whether that figure was the best Mexico could hope for by 2018, Melgar said, "At this point in time to 2018,...

  • IMF Chief: We're cooked if we fail on climate change Wednesday, 7 Oct 2015 | 5:33 PM ET

    LIMA, Peru— International Monetary Fund chief Christine Lagarde said Wednesday that failure to take urgent action on global warming will condemn humanity to the same fate as the Peruvian poultry that so many delegates to the group's annual meeting are enjoying this week in a country famed for its cuisine. Her comments came in a panel discussion involving...

  • *Raises FY adjusted profit forecast to $5- $5.20/ share. *2nd- qtr adjusted profit $1.56/ share vs est $1.32. The global beer market is set for a shake-up, with Anheuser-Busch InBev, the world's largest brewer, making a $104 billion bid for rival brewer SABMiller Plc.

  • LIMA, Peru— Latin America's economy is likely to go into recession this year for the first time since the end of the global financial crisis as China's slowdown lessens demand for the region's commodities, threatening to undo recent progress in reducing poverty, the International Monetary Fund said Wednesday. The Washington- based lender, in a report released...

  • LIMA, Peru— The biggest risks to the global economy are now in emerging markets, where private companies have racked up considerable debt amid a fifth straight year of slowing growth, the International Monetary Fund said Wednesday. "We estimate that there is up to $3 trillion in over-borrowing in emerging markets," Jose Vinals, a top IMF official, said in presenting...

  • Eletrobras' corruption probe zeroes in on Brazilian dams Wednesday, 7 Oct 2015 | 11:10 AM ET

    SAO PAULO, Oct 7- A commission hired by Brazil's state-run energy utility Eletrobras to probe possible violations of U.S. and Brazilian anti-corruption laws involving the company is studying three Amazonian dam projects and a nuclear power plant, two sources familiar with the investigation said. One of the sources said the commission is sharing its...

  • LONDON, Oct 7- German copper producer Aurubis has just rung the bell on the start of the "mating season", the annual negotiation of term contracts for shipments in the following year. Aurubis' preemptive move will raise expectations of a similar-sized reduction in the annual premium from Chile's Codelco, the world's largest producer. Its European premium has been...

  • *Brazil real seen down 8 pct, S. Africa rand 4 pct weaker. *Brazil, China, Switzerland likely to intervene- analysts. BRASILIA/ BENGALURU, Oct 7- Emerging market currencies will slide further in coming months as investors fret over a slowdown in the global economy and seek safer havens, a Reuters poll showed on Wednesday.

  • CARABAYLLO, Peru— In the 1990 s, Jim Yong Kim would climb the dusty streets and hillsides of this sprawling slum outside Peru's capital distributing expensive pharmaceutical drugs he'd brought hidden in his luggage to tuberculosis patients. Two decades later, he is back in Carabayllo as head of the World Bank, which along with the International Monetary Fund is...

  • NEW YORK, Oct 6- Ten months into her stewardship of Ukraine's shattered economy, Finance Minister Natalia Yaresko on Tuesday brushed aside the idea that the "win-win" terms of the country's sovereign debt restructuring will ultimately fail to fix its finances. All of the IMF's criteria were met and it solved Ukraine's liquidity and solvency problems, she said.

  • *Brazil offering 226 exploration areas on Wednesday. Brazil content, concession rules criticized by industry. RIO DE JANEIRO, Oct 6- Low oil prices and a massive corruption scandal are expected to dampen interest on Wednesday in Brazil's first auction of oil and natural gas exploration and production rights in nearly two years.

  • TAKE A LOOK -IMF, World Bank meetings in Lima Tuesday, 6 Oct 2015 | 10:43 AM ET

    Finance ministers and central bankers from around the world are gathering in Lima this week for meetings of the International Monetary Fund and the World Bank. >IMF cuts global growth forecasts again, cites commodity and China worries. >IMF sees China slowdown risks, urges Beijing to float yuan.

  • LIMA, Peru— China's slowdown and tumbling commodity prices will push global economic growth this year to the lowest level since the recession year 2009, the International Monetary Fund predicted Tuesday. The Federal Reserve last month cited economic weakness around the world— and especially in China— when it decided to postpone a long-anticipated increase...