Colombian and Mexican currencies hit a
nine-month high on Thursday, tracking recent strength in oil
markets, while most other Latin American currencies rallied on
the back of encouraging economic ...
The Baltic Exchange's main sea freight index fell on Thursday as rates weakened across all vessel segments, with a lower iron ore export outlook from a Brazilian miner weighing on the capesize segment. * The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, fell by 12 points, or 1%, to 1,189, the lowest in more than a week.
SAO PAULO--Brazil's economy bounced back in the third quarter, expanding at a rapid pace following the steep contraction in the second quarter that was caused by the shutdowns of non-essential businesses due to the coronavirus pandemic. Gross domestic product increased 7.7% in the three months through September and contracted 3.9% from the same quarter in 2019 the Brazilian Institute of Geography and Statistics, or IBGE, said Thursday. In the second quarter, GDP shrank a...
Brazil's economy grew in the third quarter by the most on record as the easing of anti-coronavirus lockdown measures triggered a strong recovery from the deepest recession on record, especially in industry, household spending and fixed investment.
Brazil's economy grew by 7.7% in the third quarter of the year, government statistics agency IBGE said on Thursday, as the easing of lockdown measures and re-opening of commerce triggered the steepest quarterly boom on record. The increase in Brazil's gross domestic product from the prior quarter was less than the 9.0% median forecast in a Reuters poll of economists.
Brazil's real and Mexico's peso stepped
back from recent gains on Wednesday in a sign that currency
markets may have priced in positive developments on coronavirus
vaccines, while ...
Foreign direct investment in Latin America and the Caribbean is likely to plunge by around 50% in 2020, as the region struggles to confront the coronavirus pandemic, a U.N. agency said in a report issued on Wednesday. The Economic Commission for Latin America and the Caribbean said Latin America had received $161 billion in foreign direct investment in 2019, a 7.8% drop from 2019.
The Baltic Exchange's main sea freight index fell to a one-week low on Wednesday amid lower rates across vessel sizes, with lower iron ore exports from Brazil pressuring the capesize segment. * The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, slipped by 10 points, or 0.8%, to 1,201, its lowest since Nov. 25.
SAO PAULO--Brazil's industrial production grew for the sixth consecutive month in October as output of capital goods and consumer goods increased. Production rose a seasonally adjusted 1.1% in October and increased 0.3% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said Wednesday. IBGE reported that production rose a revised 2.8% in September and grew a revised 3.7% from a year earlier.
The back-to-back hurricanes destroyed a small patch of corn that helped Tomasa Mendoza feed her five children in a tiny hamlet nestled in the impoverished mountains of eastern Guatemala. Even before the storms buried her crop in mud last month, Mendoza's husband hadn't worked for months after day-laboring coffee plantation jobs dried up during the coronavirus pandemic.
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