Mexico’s benchmark bonds fell, pushing yields up for the first time in four days, after better- than-expected jobs data in the U.S. fueled speculation the Federal Reserve will keep reducing monetary stimulus.
As Brazil central bank President Alexandre Tombini wraps up a two-day policy meeting in Brasilia today, there’s one thing his three-year tenure has proven is almost certain: he will not leave interest rates unchanged.
Dilma Rousseff may take “bold and unexpected policy actions,” including budget cuts to allow for lower interest rates, if she holds onto a “commanding” lead and is elected Brazil’s president, according to a Nomura Securities International Inc. report.
Monica Werneck and her husband bought a rat-infested “dump” on the edge of a Rio de Janeiro slum in 2012. They built a beauty salon that opened last week, complete with two manicurists whose jobs she’s registering with the government.
They arrive every week, in ones and twos and groups of 10, some of them coming straight from Sao Paulo’s Guarulhos International Airport. These investors head for the dark-wood halls of Credit Suisse Hedging-Griffo as supplicants, asking to put their millions of dollars into one of the world’s top-performing hedge funds.