Bloomberg Argentina and Brazil are in the preliminary stages of renewing discussions on forming a common currency for financial and commercial transactions, reviving an often-discussed plan that would face numerous political and economic hurdles. South America’s two largest economies have considered options to coordinate their currencies for decades, often to counter the influence of the dollar in the region. ...

  Bloomberg India’s largest private lender is expecting a calmer year for bond yields in 2023, which will make it harder for traders to prosper after global volatility seen last year. With the end of the rate-hike cycle near, there should be much more stability in yields, with large volatility likely behind us and the amplitude of future swings much ...

  Bloomberg Pakistan increased its benchmark interest rate by 100 basis points, to the highest in more than 24 years, as the economy grapples with raging inflation, supply shortages, dwindling currency reserves and stalled foreign financing. State Bank of Pakistan raised the target rate to 17%, a move expected by 25 of 43 economists in a Bloomberg survey. The majority ...