Jose Poma was a university student when his grandfather’s rice plantation was seized in 1971 under the land redistribution law of Peruvian dictator Juan Velasco Alvarado.
Mexico’s benchmark bonds gained and the peso dropped as policy makers left borrowing costs unchanged amid slowing growth in Latin America’s second-biggest economy.
The Mexican army is helping central bank Governor Agustin Carstens rein in inflation.
Brazil’s benchmark dollar bonds fell after Standard & Poor’s cut the government’s credit rating outlook to negative amid an economic slump that’s threatening to drive up debt levels.
Mexican consumer prices rose by the least in 11 months as Grupo Financiero Banorte SAB and UBS AG joined traders in forecasting the central bank will cut the key interest rate again this year.
Colombia’s peso rose the most in four months as the Federal Reserve’s plan to pump more money into the world’s biggest economy fueled demand for higher-yielding, emerging-market assets.
When it comes to default risk, not even six more years of Hugo Chavez’s socialist revolution in Venezuela can compete with Cristina Fernandez de Kirchner’s Argentina.
Mexican bond yields fell to a record low as investors sought refuge for their money outside of Europe after Spain’s borrowing costs rose to a euro-era high.
President Enrique Pena Nieto’s bid to reform tax and energy laws is directing investors’ attention toward Mexico’s economic prospects and away from its six-year drug war.
Mexico President Enrique Pena Nieto’s reform agenda that includes legislation to end the monopoly of state-owned Petroleos Mexicanos faces delays due to a shake-up in the former ruling party’s leadership.