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Latin America


Financial News

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.

BHP Says Wage Negotiation at Chile Spence Mine Hinges on End of Protests BHP Billiton Ltd., the world’s largest mining company, said it offered to resume wage talks at its 200,000-ton-a-year Spence copper mine in Chile provided striking workers end protests at the site.

Ford to Invest $2.3 Billion in Five-Year Expansion of Brazilian Operations Ford Motor Co. said it will spend 4 billion reais ($2.3 billion) to expand in the growing Brazilian market, the largest investment it has made in the country.

Codelco Andina Copper Mine Workers `Confident' Wage Deal Will Be Accepted Workers at Codelco’s Andina copper mine, its third-largest by output, will probably vote today in favor of the company’s wage offer, a union spokesman said.

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.

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.

General News

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 federal charges they provided classified information about U.S. national defense to the Republic of Cuba for three decades.


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