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Castro’s convertible

A new sub-prime housing market may be opening 90 miles south of the US. For the first time in half a century, Cubans can now buy and sell their homes.…

Struggles at Vale rouse fears for Brazil’s economy

Plunging profits at Vale, the world’s biggest miner of iron ore, have raised concerns about the vulnerability of Brazil’s economy to the global crisis and the fate of the region’s…

Credit growth shows Brazil’s resilience

Credit in Brazil grew in September at its fastest monthly rate this year in a sign of the resilience of domestic demand in Latin America’s largest economy in contrast to…

Peugeot Citroën plans drive on Brazil

France’s Peugeot Citroën announced it would invest €240m a year between 2012 and 2015 as the world’s largest carmakers target Brazil’s rapidly growing market. Peugeot said it had already invested…

Argentina orders miners to repatriate revenue

Argentina orders miners to repatriate revenue

In a bid to stem capital flight, Cristina Fernández, newly re-elected as Argentina’s president by a landslide, has ordered energy and mining companies to repatriate all their export revenue. “This…

Fed to wrestle with communication policy

A long and contentious debate on communications is set to occupy most of the Federal Reserve’s time when it meets on Tuesday and Wednesday next week. Big changes to monetary…

Scotiabank extends Latin American ties

Bank of Nova Scotia is broadening its already substantial presence in Latin America by acquiring a 51 per cent stake in Colombia’s Banco Colpatria for $1bn in cash and shares.…

Traders prepare for Chávez gold transfer

In for the long haul: gold bars in the Bank of England vaults – it could take about 40 shipments to return Venezuela’s gold to Caracas Bullion traders are preparing…