Bogota / AP The spread of Zika will have a modest drag on economies in Latin America, with tourism-dependent Caribbean nations most at risk, the World Bank said. It made $150 million immediately available to help fight the virus. The World Health Organization has declared a global health emergency in response to the Zika outbreak and the U.S. is urging ...

Bloomberg Colombia became the second Latin American nation this week to raise interest rates, cut government spending and announce steps to shore up its currency as commodity prices tumble. A majority of the seven-member board voted to increase the policy rate a quarter point to 6.25 percent, bank Governor Jose Dario Uribe told reporters in Bogota after the meeting. The ...

Bloomberg Argentina persuaded a U.S. judge to drop court orders barring the country from issuing new bonds or servicing its restructured debt, a dramatic shift in the 15-year standoff between the South American nation and its international creditors. U.S. District Judge Thomas Griesa agreed to drop the injunctions once Argentina repeals laws barring payment of its defaulted debt and makes ...