Bloomberg Chile’s jobless rate rose more than expected in the first quarter as two years of sluggish growth finally caught up with the labour market, signaling stronger headwinds for South America’s wealthiest economy. Unemployment rose to 6.3 percent from 5.9 percent in the month-earlier period and from 6.1 percent the year earlier, the statistics agency reported, compared with the ...

  Bloomberg Brazil’s real led losses among its most-traded peers as the central bank intervened to weaken the currency in a bid to slow this year’s rally and support exporters. The real dropped 1.9 percent to 3.5017 on Monday, making it the world’s worst-performing currency after Libya’s dinar. The loss came after the monetary authority sold 40,000 reverse swaps, a ...

The biggest misconception about next month’s referendum on Britain’s membership of the European Union is that it will put the issue to rest. That’s unlikely. Whichever way the vote goes, Brexit isn’t going away. The referendum on Scottish independence is a good guide to what’s coming. Scots in 2014 voted with their heads not their hearts to stay in the ...