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Brazil central bank cuts rates 25bps

Brazil’s central bank cut its benchmark Selic by 25 basis points on Wednesday evening, deciding against a sharper reduction in spite of an economy that is still deep in recession.…

Carstens quits Mexican central bank to head BIS

Agustín Carstens, the widely respected governor of the Bank of Mexico, is quitting in July to head the Bank for International Settlements in a big blow to the country as…

Brazil’s plunging GDP crushes hopes of Temer turnround

Brazil’s economy recorded its seventh straight quarterly contraction between July and September, disappointing hopes the new government of president Michel Temer could engineer a quick turnround in the fortunes of…

Fidel Castro, former Cuban president, 1926–2016

He seized power audaciously in 1959 and commanded to the last a powerful personal following inside and outside Cuba. But during more than half a century in office Fidel Castro,…

Colombia’s central bank sits pat for 4th straight month

Colombia’s central bank on Friday left its benchmark interest rate unchanged at 7.75 per cent for a fourth straight month, as inflation cooled and economic activity slowed. In August, policymakers…

Mexico looks to oil and central bank windfalls

Mexico can expect a windfall of as much as $2.9bn next month from its annual oil hedging programme, but that will be dwarfed by an expected bonanza from the central…

Mexico raises rates in response to Trump victory

In the first policy response by a government to Donald Trump’s election triumph, Mexico’s central bank on Thursday lifted its main lending rate by 50 basis points to 5.25 per…

Handouts offer little relief in Venezuela’s food crisis

Tamara Viana feels the socialist revolution deserves a chance, despite Venezuela’s worsening crisis of food shortages, political repression and crippling price rises. Inside a school in one of Latin America’s…

Mexico tries to reassure investors after Trump win

Mexico’s finance minister José Antonio Meade, and the head of state oil company Pemex, José Antonio González Anaya, will seek to reassure investors in New York on Wednesday, despite the…

Trump win seen to force emerging market rate rises

Mexico’s central bank is expected to have to raise interest rates by more than 100 basis points as a result of Donald Trump’s victory in the US presidential race, with…

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