CELAC: Blockchain can help de-risking in Latin American banking

The Economic Commission for Latin America and the Caribbean (ECLAC) has stated Blockchain could help improve costs in troubled banking sectors.

Buenos Aires prepares to rebuild its financial sector

After years of political and economical imbalance, technocrats are working to reinstate Buenos Aires as a financial powerhouse.

Brazil: interest rates actions as inflation falls

Bigger interest rate cuts are an option for Brazil's central bank signaling an emphasis on supporting the economy as inflation falls faster than expected.

IMF downgrades Latin America prospects

IMF is now forecasting regional GDP growth of just 1.2% in 2017, down from the 1.6% projection it made in October.

Latin America to pay price of Trump victory in bond rush

Borrowing costs jumped in the wake of Donald Trump’s unexpected U.S. presidential election victory in November. Now that volatility has started to cool

Mexico central bank sells $1 billion to prop peso after Trump slump: traders

Mexico's central bank sold dollars in Mexico and New York on Thursday to fight off the peso's nose dive to record lows amid fears U.S. President-elect Donald Trump's protectionist policies

Growing number of Venezuelans trade bolivars for bitcoins to buy necessities

Bitcoin users still represent a tiny minority, but some believe that the currency will become more popular in Venezuela as economic uncertainty escalates

Venezuela’s 100-bolivar bill saga has been a long time coming

President Nicolas Maduro has ordered an almost immediate withdrawal of Venezuela’s most commonly used bill, this debacle is a product of recent history.

Venezuela's 100-bolivar note withdrawal causes chaos

Venezuela's highest denomination banknote has ceased to be legal tender, in a move that has caused cash chaos and long queues at banks this week.

Bitcoin offers Venezuelans a risky solution to avoid the crisis

Some Venezuelans are turning to Bitcoin ‘mining’ operations as a way to earn a decent living during the crisis, but the stakes are high.

Venezuela issues new banknotes after inflation

Venezuela is issuing new higher-value notes to help deal with some of the practical problems of soaring inflation.

Mexican Peso in free-fall as Trump Wins

Donald Trump's victory in Tuesday’s U.S. presidential election drove the Mexican peso down to a record low against the dollar.

Brazil federal government freezes Rio bank accounts

The Brazilian government has frozen the bank accounts of Rio de Janeiro state, ordering it to pay millions of dollars in overdue debt.

Itau Unibanco Buys Citibank Brazil For R$710 Million

Citibank sells off its retail operations in the country to focus on corporate and investment banking.

Peru refinances govt debt with historic local-currency bond

Peru has issued $3 billion in sol-denominated bonds in an operation which reduced its dollar-denominated debt and extend average due dates.

American and Cuban bankers hold historic meeting

The U.S.-Cuba banking relationship was severed on Sept. 17, 1960, when Cuba confiscated Chase, National City Bank of New York and Bank of Boston branches on the island.

IMF calls for Brazil to reform and increase taxes

The IMF recommends the country not only to decrease expenditures but to increase taxes and continue to conduct structural reforms.

Mexico’s central bank remains hopeful it will maintain growth

Despite stumbles relating to low commodity prices, Mexican peso devaluation, inflationary pressures and Brexit, Mexico’s central bank still expects reasonable growth.

Argentina’s economy: The cost of truth

President Macri introduces a new bank note. But the state of Argentina’s economy is worrying

Guatemala jumps back into the bond market

After going three years without emitting bonds, the Central American state hopes to find some breathing room by putting some up for sale.

Chinese company to invest in bolivian airport

Bolivia’s government has hired China’s Beijin Urban Construction Group to expand the Viru Viru International Airport in the eastern city Santa Cruz and make it a regional hub for passenger and cargo flights.

Argentina scares away the vultures

The country’s national government payed 9.3 billion dollars to vulture funds, putting an end to its struggle in courts abroad.

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