Latin American stocks and currencies weakened on Thursday, with Brazil's real slipping to yet another record low, as the rapid spread of the coronavirus sapped risk appetite and investors worried about the scale of the economic fallout.
A research by Argentine investigator Pedro Filipuzzi revealed a list of 12,000 Nazis in Argentina that apparently have money in accounts at the Zurich-based Credit Suisse investment bank, the Simon Wiesenthal Center said in a statement.
Argentina’s minister of economy met with representatives of several major creditors, including asset management firm Pimco, a company executive and a ministry source said on Wednesday, as separate talks continued with the International Monetary Fund.
IMF chief Kristalina Georgieva on Wednesday called for an all-out, “no regrets” response to the new coronavirus epidemic which poses a “serious threat” to the global economy.
President Nicolás Maduro wants Venezuelan women to have many children as a way to boost the country, which has seen millions of people flee in recent years to escape its economic crisis. Maduro made the exhortation during a televised event on Tuesday evening for a government program promoting various birth methods.
Brazil’s economy expanded by 1.1% in 2019, marking a third straight year of frustrating activity following a massive recession, according to data released on Wednesday.
Brazil plans to push for its own candidate to lead the Inter-American Development Bank, vying with Argentina for the regional lender’s top job, as President Jair Bolsonaro seeks to capitalize on the political alliance with his U.S. counterpart Donald Trump.
Nestle SA is launching a reforestation project to plant at least 3 million trees in Mexico and Brazil in the next year and a half as the Swiss food group strives for carbon neutrality by 2050.
Three months after his triumphant re-election, British Prime Minister Boris Johnson is battling to save one of his top ministers from a bullying scandal that has exposed tensions at the heart of his government.
The Trump administration would face resistance from the U.S. Congress if it tried to push through a mini trade deal with the European Union that did not include agriculture, U.S. Senate Finance Committee Chairman Chuck Grassley said on Wednesday.