Bloomberg US President Joe Biden’s pension bailout might do more than just support troubled retirement plans. It could also spur tens of billions of dollars in demand for corporate bonds with the lowest investment-grade ratings, according to Citigroup Inc. Struggling multi-employer pensions, which are often tied to unions, will be able to apply for special financial assistance, thanks to the ...

Bloomberg Brazil’s economy czar has a candid assessment of his three-year relationship with Jair Bolsonaro: both men trust each other and continue to push for key reforms, although the president’s support for his minister’s pro-market agenda has been waning. Paulo Guedes told Bloomberg News that key proposals to overhaul the country’s tax system and curb public-sector costs will be approved ...

Bloomberg Colombia’s economy grew much faster than expected at the start of the year, with record low interest rates supporting a revival in domestic demand. Gross domestic product (GDP) expanded 2.9% in the first three months of the year from the previous quarter, more than three times the 0.9% median forecast from analysts surveyed by Bloomberg. GDP rises 1.1% from ...