The Brazilian real touched a five-month
low on Wednesday on expectations the country's central bank will
leave its policy rate unchanged, while other Latin American
currencies sank on ...
Mexican cement producer Cemex on Wednesday reported a third-quarter net loss of $1.54 billion, hurt by impairments and despite a rise in sales after pandemic-linked lockdowns hit the second quarter. The company, which operates in more than 50 countries, said the loss was due to a $1.5 billion non-cash impairment of goodwill and idle assets, and higher financial expenses.
Mexican cement producer Cemex on Wednesday reported a net loss of $1.5 billion in the third quarter, following a $44 million second-quarter loss caused by plummeting sales amid coronavirus-related lockdowns in most of its markets.
Brazilian government borrowing jumped to its second highest on record in September, Treasury figures showed on Tuesday, meaning Brazil issued more debt in the first nine months of this year than the whole of last year.
Brazil's federal public debt rose 2.59% in September to 4.53 trillion reais from the month before, the Treasury said on Tuesday, adding the total domestic debt stock rose 2.56% to 4.28 trillion reais.
Brazil's government on Tuesday outlined a long-term roadmap for the economy, based on three scenarios of economic and fiscal reforms that could lift gross domestic product per capita by as much as 37% over the next decade.
Most major Latin American currencies
traded higher on Tuesday, as the dollar lost footing ahead of
next week's U.S. presidential election, while Brazil's real fell
for the third straight ...
Tropical Storm Zeta pounded Mexico's Yucatan Peninsula overnight with high winds and heavy rain, though reports suggested it had not done serious damage before it moved back to the sea and towards the U.S. Gulf Coast, authorities said on Tuesday.
Mexico's trade surplus with the rest of the world shrank in September as imports picked up faster than exports during a burgeoning recovery from the coronavirus pandemic, figures from the national statistics agency showed on Tuesday.
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