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Markets reeling in Brazil on deficit fears, political tumult

Bloomberg Brazil’s stocks, bonds and currency are posting some of the worst returns in the world this month amid deteriorating public finances, a worsening growth outlook and political turmoil. The Ibovespa stock benchmark posted its fourth straight month of losses, its worst run since 2014, and closed in a bear market, down 21% from its June peak. The real has ...

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Chile’s jobless rate falls

Bloomberg Chile’s jobless rate falls for a sixth straight month and retail sales rose, adding to growing evidence of recovery in one of Latin America’s richest economies. Unemployment falls 0.1 percentage points to 8.4% in the three months through September, but fell short of the 8.3% median estimate in a Bloomberg survey, the National Statistics Institute reported. The labour force ...

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Argentina to let foreign tourists bring in dollars at a lucrative rate

Bloomberg Argentina will allow foreign tourists to transfer dollars into a local account and exchange them to pesos at a more lucrative parallel exchange rate, bypassing capital controls in a bid to lure travelers. Tourists traveling from abroad can open a temporary bank account in Argentina before their trip and transfer up to $5,000 into the country, the central bank ...

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