Central bank drops its benchmark Selic for the sixth time in a row, hitting the lowest level in more than three years
Category: Economy & Policy
Posted inDaily Brief
J&F reaches settlement
Brazilian holding company agrees to pay more than $3bn in fines over 25 years to clear corruption allegations
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Peru picks new transportation minister
Former Production Minister Bruno Giuffra takes over after the government scrapped a contract for the $525m Chinchero airport project
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Colombia lowers rates
Central bank maintains tightening policy with a 25bp cut but surprises some analysts that were expecting a 50bp decrease
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Brazil sits still amid market malaise
Equity markets feel the pinch of the country’s political woes, while corporate issuers postpone potential bond sales
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Marfrig maintains US IPO plans
Brazilian meatpacker still intends to list its US business on the NYSE, despite political turmoil at home
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Colombia ponders rate cut
Central bank could decrease its benchmark interest level by 50bp
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Argentina maintains rates
Central bank elected to maintain its rates amid cooling inflation and slight growth patterns
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Peru’s transportation minister resigns
Martin Vizcarra stepped down a day after the government voided a $525m contract to build and operate a new airport near Cuzco
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Political turmoil ups the pressure on Brazil’s banks
Latest bribery scandal could hamper an economic recovery and underscores challenging environment for local lenders, Fitch says