Economics
Fitch Upgrades Brazil’s Debt Rating to “BB”
Rating agency Fitch raised Brazil's debt risk rating from BB- to BB with a stable outlook, seven months after leftist...
IMF predicts 2.5% GDP drop and 120% inflation for Argentina
The International Monetary Fund (IMF) worsened its forecast for the Argentine economy by estimating that it will fall this year...
Brazil’s Inflation Lowers, Indicating Possible Interest Rate Cut
Consumer prices in Brazil fell more than expected in the month through mid-July, which could open the way for a...
Chile to cut Interest rates to 10.5% this week
Chile's central bank is expected to start a monetary easing cycle later this week with a 75-basis-point rate decrease to...
IMF Raises Forecast for Latin America and Caribbean GDP Growth to 1.9%
Latin America and the Caribbean are expected to experience greater economic growth in 2023 than predicted by the International Monetary...
Huge $78 billion withdrawals rocks U.S. banking system
In an attempt to combat rising inflation, the US Federal Reserve has implemented the fastest interest rate increases since the...
U.S. Personal Savings Fall $5.5 Trillion, Raise Risk of Recession
The U.S. economy is going through a new challenge, and this is driven by the personal savings of its population,...
IMF deal would include August disbursement, Argentina’s Economy Minister says
Argentina's Economy Minister Sergio Massa said the International Monetary Fund (IMF) will disburse money to the government in August and...
Mexico’s economy to slow with US growth moderation – Reuters
The Mexican economy is likely to slow with expected growth moderation in the United States, a "Reuters" poll showed. Mexico's...
Chile seeks to boost local copper smelting capacity
Chile, the world's largest copper producer, is pursuing a strategy to increase local processing capacity in order to minimize its...
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