Latin America
Mexico GDP Fell Less-Than-Forecast 6.2% in the Third Quarter From Year Ago Mexico’s economy contracted less
than analysts forecast in the third quarter and expanded from
the previous three months, signaling an end to the recession.
Argentina May Delay Defaulted Debt Swap Offer Until January, Boudou Says Argentina’s planned offer to swap as
much as $20 billion of defaulted debt to help it re-enter
international credit markets for the first time since 2001 may
be delayed until January, Economy Minister Amado Boudou said.
El Salvador's Post-Downgrade Bond Sale Costs Two Points Over Panama Issue El Salvador paid two percentage
points more than Panama in a sale of $800 million of bonds as
the Central American country tapped debt markets less than a
week after having its credit rating cut to junk.
Argentina Wheat Farmers Urge More Funds to Prevent Imminent Locust Plague Argentine wheat farmers in the
biggest producing province are urging the government to boost
funds to fight an imminent locust plague that threatens about a
fourth of the country’s crop.
Chile Peso Volatility to Dive After Best World Gain, Societe Generale Says Societe Generale is recommending
investors make bets that the Chilean peso will hover in a
“narrow” range after central bank President Jose De Gregorio
said he’s considering buying dollars to stem gains in the
world’s top-performing currency.
Lloyd's Appeals Ruling on Legal Costs Tied to Colombian Drug Eradication Lloyd’s of London underwriters
appealed a Delaware court’s ruling that assigned them liability
for legal costs tied to more than 3,000 people seeking damages
from a U.S.-sponsored plan to eradicate drugs in Colombia.
Codelco's Workers at Andina Mine in Chile Approve Wage Pact, Union Says A majority of workers at Codelco’s
Andina copper mine in Chile voted in favor of a new wage
contract early today, averting a potential strike, the union
said.
Lan Rises Most in 10 Weeks as JPMorgan Rates Chilean Airline `Overweight' Lan Airlines SA rose the most in 10
weeks in Santiago trading after JPMorgan Chase & Co. began
coverage with an “overweight” rating on earnings prospects.
Mexico's Peso Declines, Set for a Weekly Loss, as Oil, U.S. Equities Fall Mexico’s peso fell, heading for a
weekly loss, as stocks and crude oil dropped and investors
speculated the country’s sovereign rating could be cut.
Venezuela Subsidizes State Industries After Global Commodity Prices Plunge Venezuela’s government is
subsidizing state-owned industries after the fall in world
prices for commodities and cannot pay its workers dividends,
President Hugo Chavez said.
Lula Says U.S. Responsible For Mid-East `Crisis,' Shouldn't Broker Talks The U.S. is responsible for the
crisis in the Middle East and shouldn’t be coordinating peace
talks for the region, Brazilian President Luiz Inacio Lula da
Silva said.
Colombia's Uribe Urges Calm After Chavez Troops Blow Up Two Border Bridges Colombian President Alvaro Uribe
said he would steer clear of provocative gestures or raising
tensions with Venezuela after troops from that country blew up
two foot bridges along the border.
Ex-U.S. Official, Wife Plead Guilty to Spying for Cuba Over Three Decades A former U.S. State Department
official and his wife pleaded guilty to charges they provided
classified information about U.S. national defense to the
Republic of Cuba for three decades.
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