The UK's Standard Chartered will focus on serving Latin American clients in segments requiring direct access to Asia, Africa and the Middle East, the bank's head of private banking in the Americas, John Leto, told BNamericas, saying he plans to double its private banking assets in the region in two years.
Chilean officials reached agreement Tuesday with the Citizens Assembly of Magallanes over an increase in natural gas prices that sparked a week-long general strike in the remote southern region, sources involved in the talks said.
The Eurogroup president Jean-Claude Juncker has said that no decision on a bailout fund will be made at the meeting of finance ministers in Brussels.
Dilma Rousseff has taken measures to stop the appreciation of the real. The Brazilian Central Bank swapped all of the currency futures contracts in a reverse swap auction. This way the institution headed by Alexandre Tombini disembarks in the futures market.
Argentine farmers have halted sales of wheat, corn and soy in a strike over export curbs, rekindling a dispute that helped drive global grains prices to record highs three years ago.
The World Bank’s 2011 Global Economic Prospects (GEP) report predicts that Chile will be the fastest-growing economy in Latin America and the Caribbean, while the latter’s growth slows down.
Corn and soybeans advanced for a second day as dry weather stressed crops in Argentina, raising concerns the global deficit may be larger than estimated.
A shortage of bills that has led to lines and protests outside Argentine banks since mid-December may be resolved by next week after the country boosted imports of notes printed in Brazil.
Total dealership car sales in Argentina rose by 43% year-on-year in 2010, the country's automobile manufacturers association Adefa said. This included both locally-produced cars and imports.
Billions in loans have succeeded in pulling Greece and Ireland back from the brink of bankruptcy. But many bankers are still expecting the worst. A new Ernst & Young survey reports that almost half of German banking executives think at least one Euro-zone country will go bust.