Brazil's central bank on Wednesday raised interest rates by 100 basis points for the second time in a row, battling surging inflation with the world's most aggressive monetary tightening.
A U.S. labor complaint under the U.S.-Mexico-Canada trade pact over a General Motors (GM) plant union vote in Mexico has been successfully concluded, lifting the threat that U.S. tariffs could be imposed on the factory's pickup trucks, the U.S. Trade Representative's office said on Wednesday.
Brazil's government forecast a smaller primary budget deficit this year due to rising revenues from the economic rebound from the coronavirus pandemic, the Economy Ministry's bi-monthly revenue and expenditure report said on Wednesday.
Argentina will make a nearly $1.9 billion capital payment to the International Monetary Fund on Wednesday, according to two government sources and official news agency Telam, as the ailing South American grains producer continues to pay down the $45 billion it owes the fund.
* BRAZIL ECONOMY MINISTRY'S ECONOMIC POLICY DIVISION SAYS PRIVATE INVESTMENT IS GROWING FAST- 11% OVER THE LAST FOUR QUARTERS. * BRAZIL ECONOMY MINISTRY SAYS DROUGHT AND COVID PANDEMIC ARE RISKS TO ECONOMIC GROWTH. * BRAZIL ECONOMY MINISTRY SAYS IF CONDITIONS DO NOT WORSEN, KEEPS PROJECTION OF GDP GROWTH ABOVE 2% IN 2022 Source text for Eikon: Further company coverage: [ ]
Mexico and the United States were on Wednesday preparing to fly more Haitian migrants away from chaotic U.S.-Mexico border camps, as pressure mounted on U.S. President Joe Biden to stop expulsions of Haitians to their poor, disaster-hit homeland.
Argentina on Tuesday raised the country's minimum wage to 31,104 Argentine pesos a month starting in September, as persistent inflation eats away at purchasing power. In October, the minimum monthly wage will rise to 31,938 Argentine pesos, and then to 32,616 Argentine pesos in February 2022, the government said.
Peru's energy and mines minister said on Tuesday the government wants to revise the framework for the country's mining industry, redrafting the umbrella law that regulates the sector, as well as the legislation that sets royalty payments. Peru is the world's No. 2 copper producer. Shares of Peruvian miners have fallen on the perceived risk of those changes.
Most Latin American currencies ticked
higher against a weaker dollar on Tuesday, and stocks rallied as
markets made cautious gains after a sell-off last session on
worries about the impact from ...
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