Bloomberg The World Bank forecast Brazil’s recession will extend into a third consecutive year, while Venezuela takes the world’s deepest plunge in 2016. The two will drag Latin America into back-to-back economic contractions for the first time in more than three decades. Brazil will contract 4 percent in 2016 and 0.2 percent next year, with the 2017 outlook revised ...

  Bloomberg Brazil’s Senate confirmed Ilan Goldfajn as the country’s next central bank chief, putting him in charge of controlling above-target inflation without exacerbating the worst recession in over a century. Senators voted 56 to 13 in favour of the former chief economist at Itau Unibanco Holding SA. Goldfajn won’t participate in the rate decision on Wednesday during which economists ...

  Bloomberg Soc. Quimica & Minera de Chile SA, the world’s most profitable major chemicals company, risks fines and losing permits after Chilean authorities said it breached environmental rules. The environmental regulator is charging SQM with setting up water pumps in parts of the Llamara salt-flats where it didn’t have permission, failing to monitor the site as agreed and failing ...