Bloomberg Mexico’s consumer prices dropped more than forecast in April as electricity and food prices tumbled, keeping the annual inflation rate below the central bank’s target. Prices decreased 0.32 percent from a month earlier, the national statistics institute said on its website. The median forecast of 20 analysts surveyed by Bloomberg was for a decline of 0.25 percent. From ...

  Bloomberg For about a half hour, it looked like Brazil’s world-beating rallies were coming undone. A few minutes before noon on a relatively calm trading day in Sao Paulo, the real suddenly plummeted by the most in four years and $16.5 billion was wiped off the value of the benchmark stock index. Within 30 minutes, both markets had mostly ...

  Bloomberg Political turmoil in Brazil shouldn’t stop Petrobras from completing asset sales it has already opened up to bidders, according to one company vying for the state-controlled driller’s Bauna offshore field. An impeachment process against President Dilma Rousseff that could force her to temporarily step down as early as this week shouldn’t derail any ongoing negotiations, Petro Rio SA ...