Some economies in Latin America could see a "record-breaking contraction" not seen since World War II, according to investment bank Goldman Sachs.
BRASILIA, June 21- Brazilian markets rallied on Friday as the increasing likelihood of interest rate cuts at home and abroad, together with rising oil prices and optimism over domestic economic reforms boosted investor sentiment and sent stocks to their highest on record. "It seems obvious to say, but a combination of a dovish Fed and a central bank showing it is...
cenbank decision@ June 21- Mexico's peso slipped in subdued volume on Friday and Colombia's currency treaded water ahead of a decision by its central bank on interest rates amid concerns over U.S.- Iran tensions. "We remain of the view that the BCB sits on hold for 2019, at least until pension reform is closer to completion," Sacha Tihanyi, deputy head of emerging...
BRASILIA, June 19- Brazil's central bank held its benchmark interest rate at a record-low 6.50% on Wednesday, as expected, noting that inflation risks had evolved "favorably" amid a stalled economic recovery, but progress on economic reforms remained uncertain. Policymakers said recent economic data indicated that Brazil's economic recovery had been...
June 19- Latin American currencies firmed on Wednesday, with Brazil's real and Mexico's peso reversing session losses to trade higher after the Federal Reserve signaled possible rate cuts of as much as half a percentage point in 2019. Brazil's real was up 0.2%, reversing losses of up to 0.6% logged earlier in the day, while Mexico's peso rose 0.1%, recovering...
June 18- Latin American currencies firmed on Monday, with the Mexican peso hitting its highest in more than two weeks, boosted by the European Central Bank president's dovish comments. In Mexico, President Andres Manuel Lopez Obrador proposed holding a recall referendum on his presidency on March 21, 2021, if Congress cannot agree to a constitutional change...
BRASILIA, June 17- Brazilian President Jair Bolsonaro's government has named a 38- year-old banking executive as the head of development bank BNDES, replacing Joaquim Levy, who resigned on Sunday after Bolsonaro publicly criticized him. Levy, an internationally respected economist, was Brazil's finance minister during Rousseff's government and later was...
BRASILIA, June 17- Brazilian President Jair Bolsonaro's government has named a 38- year-old banking executive to as the new head of development bank BNDES, replacing Joaquim Levy, who resigned on Sunday after he was publicly criticized by Bolsonaro. Levy, an internationally respected economist, was Brazil's finance minister during Rousseff's government...