NQ Mobile Inc., the mobile-phone operator accused by short seller Carson Block of overstating revenue, said a two-day drop of 31 percent in its shares is “entirely unacceptable and ridiculous.”
Mexico’s local bonds declined, pushing yields up from a five-month low, as benchmark government debt attracted less demand from investors at auction today.
The real rose the most among major currencies after the Australian dollar on speculation Brazil’s interest rates will attract international investors to the nation’s financial assets.
The Ibovespa retreated from a one- week high as Gafisa SA led homebuilders lower on concern that Brazilian policy makers will keep raising interest rates to control inflation.
Pacific Investment Management Co., which manages the world’s largest bond fund, is turning bullish on Brazil’s debt markets, saying investors are ignoring the “long-term strength” of Latin America’s biggest economy.
Mexico’s local bonds declined, pushing yields up from a five-month low, as the Finance Ministry offered more of the benchmark debt.
JPMorgan Chase & Co. named Luis Oganes as global head of emerging markets research amid a leadership overhaul in the global banking division.
Brazilian real bears are being hurt by President Dilma Rousseff’s bid to use the currency to tame inflation before elections in October.
Weeks after capturing the head of the Sinaloa drug gang, Mexican officials are focusing on another cartel: lime growers that raised prices 41 percent last month.
At least 33 people died and four were injured in a bus crash in Mexico’s Veracruz municipality, El Universal newspaper said, citing police reports.