BRASILIA (Reuters) – Brazil’s central bank on Friday announced the postponement of higher capital requirements for fintechs to July 2023,…
Mexican economy likely grew 5% in October y/y, estimate shows
(Reuters) – Mexico’s economy likely grew by 5.0% in October compared with the same month a year earlier, a preliminary…
Brazil spending waiver may trigger record debt, crimp monetary policy
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s incoming government effort to exempt nearly 200 billion reais ($37…
Brazil VP-elect Alckmin vows debt reduction, seeks to appease markets
BRASILIA (Reuters) – Brazil’s incoming government will be fiscally responsible, Vice President-elect Geraldo Alckmin said Thursday, promising a budget surplus…
Tumbling bitcoin overshadows El Salvador’s crypto conference
By Nelson Renteria SAN SALVADOR (Reuters) – El Salvador’s long-awaited bitcoin conference, which was in the limelight in 2021 after…
Brazil’s Buffett-backed StoneCo nearly doubles profits on more users, bigger prices
SAO PAULO (Reuters) – Brazil’s StoneCo nearly doubled its third quarter profit, the payments firm said on Thursday, as it…
Meta’s WhatsApp makes Brazil a key test market for business messaging
By Katie Paul (Reuters) – Meta Platforms said on Thursday its WhatsApp messaging service will introduce a commercial directory and…
GM aims to lower EV battery cost, locks up supply deal with Vale
By Ernest Scheyder and Paul Lienert (Reuters) – General Motors Co aims to slash the cost of electric vehicle battery…
Mexico keeps IMF credit line, to maintain access to around $47 billion
MEXICO CITY (Reuters) -The International Monetary Fund (IMF) concluded that Mexico still meets the eligibility criteria for a flexible credit…
Brazil’s government cuts 2023 GDP growth forecast as global economy weakens
BRASILIA (Reuters) – Brazil’s Economy Ministry on Thursday cut its 2023 GDP growth forecast to 2.1%, from the 2.5% anticipated…