David Beker News
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Brazil’s broadest measure of inflation slowed less than analysts expected as the government struggles to rein in consumer prices that will be pressured by new fuel price increases. Swap rates rose.
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David Beker , chief Latin America strategist at Bank of America Corp., comments on inflation and growth in emerging markets as well as controls implemented by China to stem price increases.
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Brazil’s industrial production in September fell more than economists expected and for the first time in four months, as manufacturers struggle to regain their footing after a yearlong slowdown.
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Brazil’s central bank President Alexandre Tombini said inflation will converge to the bank’s 4.5 percent target in the third quarter of 2013 even as new data showed the pace slowing less than expected.
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Brazil’s barriers to international bond investors are exacting a growing cost from the Treasury.
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Brazil’s industrial production rose for the second consecutive month in July, the first back-to-back increase in more than a year, cementing economist expectations that growth is accelerating as a result of stimulus measures.
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The cheapest Brazil inflation-linked bonds in 14 months are prompting Bank of America Corp. and SulAmerica Investimentos to recommend the debt on concern President Luiz Inacio Lula da Silva’s successor will fail to keep consumer prices in check.
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Latin American nations from Brazil to Peru are returning to currency and foreign investment controls that marked the 1980s era of hyperinflation.
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Brazilian traders are paring bets on interest-rate increases by the most in six weeks on speculation President Dilma Rousseff will propose a budget cut big enough to help bring inflation down from a two-year high.
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Argentine dollar-denominated bonds due in 2012 are being recommended by Bank of America Corp. as the government prepares to make a $2.2 billion payment today, leaving 25 percent of the total issue outstanding.
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