Guatemala City

Guatemala City News

  • Obama Boosts Border Security as Unaccompanied Minors Rise

    The Obama administration unveiled measures to handle a surge of undocumented immigrants entering the U.S. -- particularly unaccompanied children -- by adding border enforcement personnel and funding repatriation efforts.

  • Yellen Says Low Volatility a Worry If It Induces Risky Behavior

    Federal Reserve Chair Janet Yellen said low volatility in financial markets may be worrisome if it encourages excessive risk-taking.

  • Treasury Yield Curve Flattens Amid Fed Rate Speculation

    The U.S. Treasury yield curve approached the flattest level in almost five years as investors speculated the Federal Reserve may raise interest rates sooner than forecast.

  • Fed Prepares to Maintain Record Balance Sheet for Years

    Federal Reserve officials, concerned that selling bonds from their $4.3 trillion portfolio could crush the U.S. recovery, are preparing to keep their balance sheet close to record levels for years.

  • Rosengren Warns Exit From Stimulus May Bring Volatility

    Federal Reserve Bank of Boston President Eric Rosengren warns that a relative calm in markets “may be challenged in the future” as the Fed reduces accommodation. *The sharp rise in interest rates last year is a reminder that “uncertainty or misunderstanding about the contours of our exit has the potential to be problematic,” Rosengren says in a speech in Guatemala City *Recent low volatility in the U.S. Treasury market is due “in part to the very gradual and predictable reduction” in the Fed’s large-scale asset purchases, “along with an economy that has continued to improve, albeit only gradually and with some setbacks along the way:” Rosengren *As part of an eventual reduction in stimulus, the Federal Open Market Committee could “decide to reinvest all but a given percentage of securities on the balance sheet as they reach maturity, and increase that percentage at each subsequent meeting:” Rosengren *Maintaining a large balance sheet would give the FOMC “conti

  • Putin Bolder Than Brezhnev Betting All on ‘Cool’ Olympics

    After Moscow was picked to host the 1980 Summer Olympics, Soviet leader Leonid Brezhnev considered backing out as he fretted over the costs and political risks. Not so Vladimir Putin, who’s dreamed of bringing the games back to Russia for two decades and has staked his legacy on success.

  • Guatemala to Seek Mining Tax Rise Next Month, Minister Says

    Guatemala President Otto Perez Molina will send a bill to Congress next month to increase royalties on mining companies to 5 percent, Energy and Mines Minister Erick Archila said.

  • Guatemala Won’t Seize Mining Company Stakes, Minister Says

    Guatemala Finance Minister Pavel Centeno ruled out a government seizure of stakes in mining or other natural resource companies as part of a series of proposed constitutional changes.

  • Drug Crackdown Fuels Guatemala Bond Rally as Ex-General’s Taxes Fund Fight

    Guatemalan President Otto Perez Molina is sparking a bond rally by pledging to tame drug violence that has pushed the murder rate up 60 percent in the past decade and cut into economic growth.

  • Internet Mogul McAfee in Guatemala Hospital After Asylum Denied

    Internet entrepreneur John McAfee, wanted for questioning in the shooting of an American citizen in Belize, was transferred to a hospital in Guatemala City after being denied political asylum by the government.

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