Bloomberg | March 4, 2011 | Laura Price
Brazil Says Raising Rate to 11.75% Part of ‘Adjustment Process’
Brazil’s central bank signaled it will raise the benchmark interest rate for a third straight meeting next month, after pushing borrowing costs yesterday to a two-year high to cool inflation.
Unregulated Peso Falling Most in Nine Months: Argentina Credit
Argentina’s peso is tumbling the most in nine months in the unregulated market, where investors buy and sell dollars to skirt capital controls, as demand for U.S. currency increases on concern economic policy may change after the presidential elections in October.
Foreigners Double Real Bets as Dollar Rates Rise: Brazil Credit
Dollar loan rates in Brazil are soaring to a two-year high, a sign the central bank is failing to deter investors from betting on gains in the real in the futures market.
Mexican Telecom Billionaires Spar Over Fees, Investment
America Movil SAB, the Latin American wireless provider owned by billionaire Carlos Slim, challenged Mexican rivals to invest $1 billion each this year after competitors including Grupo Televisa SA and Grupo Iusacell SA called for lower fees to connect to America Movil’s networks.
Billionaire Batista’s AUX Controls 91% of Ventana After Bid
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