Latin America
Mexico's Credit Rating Cut by Fitch as Oil Output Drop Swells Budget Gap Mexico’s credit rating was cut one
level by Fitch Ratings after tumbling oil output and the worst
recession since the 1930s swelled the budget deficit.
Brazilian Banks Expensive on `Absurd' Gain as Lending Grows, Mercatto Says Brazil’s largest banks are too
expensive after an “absurd” rally this year spurred by
prospects they will accelerate lending to meet rising consumer
demand, according to Mercatto Gestao de Recursos.
Argentina's `Policy-Induced' Toll Operator Default to Swell Budget Deficit Argentine highway operator
Autopistas del Sol SA’s bond default is adding to concern the
budget gap will swell to the widest in nine years as the
government takes over unprofitable companies, Moody’s
Economy.com says.
Ortiz May Keep Mexico Rate at 4.5% as Speculation Grows He Will Leave Bank Banco de Mexico Governor Guillermo
Ortiz will probably keep the benchmark interest rate unchanged
this week as investors speculate President Felipe Calderon will
replace the region’s longest-serving central bank chief.
Bovespa Gains on Economic Growth Outlook, Rising Commodities; Real Climbs Brazilian stocks rose the most in a
week on speculation low interest rates and economic stimulus
from the country’s biggest trading partners will sustain demand
for commodities.
Televisa Plans to Sell $400 Million of 30-Year Bonds as Early as Today Grupo Televisa SA, the world’s
largest Spanish language broadcaster, plans to sell $400 million
of 30-year bonds in overseas markets as early as today,
according to a person familiar with the transaction.
Colombia May Keep Rate at 4%, Refrain From More Cuts on Inflation Concern Colombia’s central bank will likely
keep its benchmark interest rate unchanged at a record low for a
second month, refraining from further cuts on concern that a
rebounding global economy may spur inflation next year.
BHP Agrees to Raise Pay at Chile's Spence Copper Mine to End 41-Day Strike BHP Billiton Ltd., the world’s
biggest mining company, agreed to raise wages at its Spence
copper mine in Chile to end a six-week strike.
Xstrata Begins `Amicable' Wage Talks at Altonorte Copper Smelter in Chile Xstrata Plc will begin talks today
with workers at its Altonorte copper smelter in northern Chile
to reach a new wage accord, a company spokeswoman said.
Mexico Issues Rules to Sell Airwaves for Mobile Phones, Wireless Internet Mexico’s government laid down rules
for an auction next year of mobile-phone airwaves that could
introduce new competition for America Movil SAB, the country’s
leading carrier.
Lula Wants Brazil's National Soccer Team to Play Israel-Palestine Squad Brazilian President Luiz Inacio Lula
da Silva, who says the U.S. is responsible for the crisis in the
Middle East, said he’ll seek to stage a soccer game against a
joint Israel-Palestine team to help the peace process.
Allianz, World Wildlife Fund Say Climate Nearing Temperature Tipping Point Allianz SE, Europe’s biggest
insurer, and the WWF said climate change is pushing the world
closer to temperature thresholds that could unleash devastating
environmental, social and economic changes.
Bolivia Presidential Candidate Reyes Villa Says Home Was Attacked by MAS Bolivian presidential candidate
Manfred Reyes Villa, who will challenge President Evo Morales in
Dec. 6 elections, said his home was attacked last night.
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