The economy ministry has already spent an estimated $280m in the last two weeks buying back debt. Now it will launch a new phase of the operation: surprise auctions, announced 24 hours in advance Read more..
Few would question that a recent, apparently massive undersea oil and gas discovery off Brazil requires new rules, but some are less certain that it requires the creation of a new state-controlled company Read more..
8/10/08, August 11: Chorus for change in Argentina»»
Until now, business leaders in Argentina have largely gone along with official inflation figures, in spite of intensifying doubts about murky methodology and dubious reliability. But now, with July price data due out on Monday, the captains of industry are publicly calling for change Read more..
Banco Santander was planning to sell its Venezuelan subsidiary anyway, so Hugo Chávez's decision to nationalise the country's third largest bank is not as alarming as it appears at first glance Read more..
While monetary policy in Brazil under Lula has been consistently tight, fiscal policy has been fast and loose and the structural reforms left undone by the previous government have made almost no progress, says Jonathan Wheatley. Read more..
Brazil's central bank is set to continue raising interest rates this week as inflationary pressure persists. Indeed, Henrique Meirelles, president of the central bank, thinks other central banks should join Brazil's focus on inflation Read more..
Chávez on the advance in Central America and the Caribbean; Petrobas workers strike in Brazil; the trouble with farmers in Argentina; and Mexico's drug challenge. Read more..
