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HSBC Holdings Plc., Europe’s largest bank by market value, hired Bertrand Delgado as an emerging-markets strategist, luring him away from Roubini Global Economics LLC.
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Mexico’s government is raising its forecast for growth this year, betting that rising domestic demand will allow the economy to maintain momentum after the strongest expansion in a decade last year.
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Mexico’s central bank will probably keep its benchmark interest rate unchanged today as rising world commodities prices and weather damage to domestic corn crops show no sign of fueling domestic inflation.
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Peru’s central bank may keep its benchmark lending rate unchanged for a third month as slowing inflation gives policy makers time to gauge the impact of rising global liquidity on the country’s currency.
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Peru’s central bank will probably keep its benchmark lending rate at a record low for a ninth month as policy makers have leeway to bolster the economy’s recovery with inflation remaining below their target.
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Mexico’s central bank kept its benchmark interest rate unchanged for a tenth straight meeting as policy makers noted that domestic demand has been weak and the peso faced volatility stemming from Europe’s debt crisis.
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Argentina may post a current account deficit for the first time in a decade next year, raising concern that the peso will weaken further and become Latin America’s worst-performing currency for a third-straight year.
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Record overseas dollar bond offerings from Brazilian companies are hurting the government’s effort to stem inflows that sparked the real’s 39 percent rally in the past two years.
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Traders are moving closer to betting Alexandre Tombini will be the first Brazilian central bank president in more than a decade to keep the benchmark interest rate unchanged at his first policy meeting.
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Mexico’s central bank extended its longest-ever interest rate pause today as benign inflation gives policy makers room to bolster domestic demand that hasn’t fully recovered from the global financial crisis.