Argentina's President Mauricio Macri said he hoped for a "reasonable agreement" with the country's foreign creditors when he re-launches negotiations over billions of dollars of debt with U.S. investors Wednesday.
China's economic slowdown and financial mayhem are fostering a cycle of decline and panic across much of the world, as countries on nearly every continent see escalating risks of prolonged slumps, political disruption and financial losses.
Bribery, graft and dirty politics are all too common in Latin America, but a noxious combination of the three has dogged the Central American dynamo in what ought to be its finest hour. And unless Panama can shake the curse, its glory may prove fleeting.
Brazil's economy will contract more than previously forecast and is heading for the deepest recession since at least 1901 as economic activity and confidence sink amid a political crisis, a survey of analysts showed.
Whenever the Federal Reserve does start raising interest rates – whether this week, as seems likely, or next year – the biggest question will be whether the Fed eventually ends up back where it started – at zero.
BUENOS AIRES, Argentina – Argentina Central Bank President Alejandro Vanoli resigned Wednesday under pressure from President-elect Mauricio Macri, who plans to remove currency controls with reserves standing at a nine-year low.
