By Horacio Soria and Lucinda Elliott MONTEVIDEO (Reuters) – Uruguayans are crossing into Argentina to shop for cheap food and fuel in their economic crisis-hit neighbor, but the trend is plungin[...]
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Latin America
Chile govt lowers forecast for 2023 economic growth
SANTIAGO (Reuters) – Chile’s government now expects gross domestic product (GDP) to grow 0.2% in 2023, Finance Minister Mario Marcel told the Senate on Wednesday, revising its forecast dow[...]
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Brazil services activity up more than expected in May
SAO PAULO (Reuters) – Services activity in Brazil grew by much more than expected in May from the previous month, data from statistics agency IBGE showed on Wednesday, paring some of the losses[...]
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Local markets more upbeat about Brazil’s economy under Lula, poll shows
SAO PAULO (Reuters) – Financial market participants in Brazil are increasingly optimistic about the country’s economic prospects under leftist President Luiz Inacio Lula da Silva, a poll s[...]
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Argentina’s monthly inflation rate seen slowing to 7% in June
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate is expected to slow to 7.0% in June, according to the median forecast in a Reuters poll, after hitting 7.8% in M[...]
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Argentina delegation travels to meet with IMF in US -source
By Jorge Otaola BUENOS AIRES (Reuters) -An Argentine team is traveling on Tuesday to the United States to meet with officials from the International Monetary Fund (IMF) to negotiate terms to relax the[...]
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Brazilian inflation hits nearly three-year low; rate cuts on the horizon
By Gabriel Araujo SAO PAULO (Reuters) -Brazil’s annual inflation in June fell to its lowest level since September 2020, data from statistics agency IBGE showed on Tuesday, renewing bets that an[...]
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Brazil’s Lula expects Senate to pass tax reform by year-end
SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday he expects the Senate to pass by the end of the year a proposed tax reform restructuring the country’s complex[...]
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Colombia gov’t risks incompliance with fiscal rule – committee
BOGOTA (Reuters) – Colombia risks falling out of compliance with its fiscal rule through greater spending proposed for 2024 and the financial impact of reforms being debated in Congress, an inde[...]
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