Latin America's leaders are waging 'war' on inflation; so far they're losing

By Anthony Esposito, Isabel Woodford and Miguel Lo Bianco MEXICO CITY/BUENOS AIRES - Latin America's leaders have pulled no punches in the battle against inflation. The region has some of the...

Chile's Codelco and workers reach agreement to end strike

By Natalia A. Ramos Miranda SANTIAGO -Union leaders at Chile's state-owned mining firm Codelco, the world's largest copper producer, reached an agreement with the company on Thursday to end a...

Explainer-What's new with the Fed's bank stress tests in 2022

By Pete Schroeder WASHINGTON - The U.S. Federal Reserve is due to release the results of its annual bank health checks on Thursday. Under the "stress test" exercise, the Fed tests banks' balance...

U.S. business borrowing for equipment rises 16% in May

- U.S. companies borrowed 16% more in May to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Thursday, as firms ramp...

Mexico central bank makes record rate increase, flags more hikes

MEXICO CITY - Mexico's central bank on Thursday increased its benchmark interest rate by a record 75 basis points to 7.75%, saying more rate hikes would be forthcoming if necessary as the Bank of...

Mexico annual inflation rate near 21-year high, rate hike seen

Breaking News By Gabriel Araujo and Jackie Botts MEXICO CITY - Mexican inflation rose faster than expected in May, data from the INEGI national statistics agency showed on Thursday, prompting...

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