Bloomberg Brazil’s national unemployment rate in 2015 rose to its highest since the data series began three years earlier, piling pressure on President Dilma Rousseff who was a prime target in one of the nation’s largest protests ever on Sunday. The unemployment rate in 2015 averaged 8.5 percent, up from 6.8 percent the prior year, according to data released by ...

Bloomberg Lawmakers in Argentina’s lower house of Congress voted on Wednesday to approve a bill that seeks to end a 15-year legal battle with disgruntled creditors from the 2001 default which would pave the way for the nation to return to international capital markets. Lawmakers voted 165 for and 86 against to support a package of measures that calls for ...

Bloomberg Of the 40 million people who climbed into Brazil’s middle class during the boom years of the previous decade, almost one in 10 has already slid back down. Marco Antonio dos Santos Correia fears he may be next. The 51-year-old trucker bought his vehicle and Rio de Janeiro apartment using borrowed cash, joining the millions of other Brazilians who ...