Bloomberg Chile’s long-heralded economic recovery is on hold once again, at least for the rest of this year, the central bank said, cutting its growth and inflation forecasts for 2016. The world’s largest copper producer will expand 1.25 percent to 2.25 percent this year, policy makers said in their quarterly monetary policy report on Monday. The previous estimate was 2 ...

Bloomberg Rioprevidencia, the pension fund for public-sector workers from Rio de Janeiro state, is holding informal talks with holders of its $3.1 billion in bonds after a waiver for breached debt-covenants expired. Rioprevidencia, which is grappling with a 10 billion-real ($2.8 billion) budget hole this year, isn’t currently considering a full restructuring of its dollar-denominated debt and hasn’t hired any ...

Emirates Business The number of internet users in the Arab World is expected to rise to about 226 million by 2018, according to the Arab Knowledge Economy report 2015 – 2016. The Internet penetration rate will jump from about 37.5 per cent in 2014 to over 55 per cent in 2018, or about 7 per cent above the estimated world ...