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Bread king paces Mexico’s biggest profit surprise in two years

  Bloomberg Mexican corporate profits are exceeding analyst estimates by the most in at least two years as consumer spending buoys Latin America’s second-biggest economy. Grupo Bimbo SAB, the world’s largest bread maker, and Wal-Mart de Mexico SAB, the nation’s biggest retailer, were among the companies that posted first-quarter earnings that beat forecasts as local shoppers boost revenue. Companies in ...

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Tapping into Brazil’s stock rally without taking on all the risk

  Bloomberg Anyone who’s ventured into Latin American equity markets in the past year knows that doing so during times of political turmoil requires a healthy appetite for risk. Stock indexes in Peru and Brazil are posting the world’s biggest gains this year, but they’re also among the most volatile. There’s another way to ride the rally, minus the whiplash: ...

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Venezuela needs oil’s rally more than anyone as economy teeters

  Bloomberg Few countries need oil’s rally to last more than Venezuela, where the economy’s expected to shrink 8 percent this year and a lack of petrodollars has seen shops run short of consumer goods. The Latin American nation with the world’s largest oil reserves relies on crude shipments for 95 percent of export revenue. It will default this year ...

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