Small Business Resources, Business Advice and Forms from AllBusiness.com

FINANCIAL markets in Latin America are braced for another week of turmoil after the US said it...

FINANCIAL markets in Latin America are braced for another week of turmoil after the US said it would not bail out Brazil, whose mounting financial crisis threatens to undermine the regions stability.

Remarks at the weekend by US Treasury secretary Paul ONeill suggested that the Treasury would refuse to support additional funding from the International Monetary Fund (IMF), given Brazils uncertain political climate. This added to investors uncertainty.

Throwing the US taxpayers money at a political uncertainty in Brazil doesnt seem brilliant to me, ONeill said,

In addition, make sure to read these premium articles also available with your free trial:

T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

Free AllBusiness Articles

  • Argentina seeks bailout as it becomes riskiest country in Latin America.
    • An emergency mission of top Argentine economic officials is seeking help from the United States and the International Monetary Fund to stem a worsening financial crisis. Central bank President Pedro Pou and Finance Minister Daniel Marx led a hastily assembled delegation in search of $20 billion in support, of which ......
  • Lessons from Argentina and Brazil
    • What have we learned from the sovereign debt crises in Argentina and Brazil, and what can the United States and the International Monetary Fund do, if anything, to repair the damage, and to avoid similar problems elsewhere? Policy Lessons I would emphasize five policy lessons: * First, in emerging market ......
  • What if...Latin America rebounded?
    • HEADNOTE The Date: March 2002 HEADNOTE The Scenario: Latin America has finally shaken off its economic and financial crisis. HEADNOTE The Background: Years of repeated budget cuts, pension sys HEADNOTE tem reform, and IMF support have finally brought about the revitalization of the Latin American economy. Currency mismanagement and capital ......
  • Financing the new frontier: The effects of fiscal and political trends on the Latin American economy.
    • Latin America represents one of the most attractive export regions in the world. With 514.7 million people in 33 countries, the continent south of our border is ripe with customers and companies wanting to buy and sell U.S. products and services. More than 80 percent of the population is concentrated ......
  • Financing the new frontier: The effects of fiscal and political trends on the Latin American economy
    • IMAGE PHOTOGRAPH 2 Latin America represents one of the most attractive export regions in the (world. With 514.7 million people in 33 countries, the continent south of our border is ripe with customers and companies wanting to buy and sell U.S. products and services. More than 80 percent of the ......
  • Attracting foreign investors to Latin America.
    • Ever since Mexico set off the "debt bomb" in 1982 and Argentina, Brazil, and Venezuela followed Mexico's lead by arbitrarily discontinuing payments on their enormous foreign debt, bankers and creditors have had a bitter taste in their mouths for Latin American credits. A decade later, the countries have instituted reforms, ......
  • International financial crises: What role for government?
    • HEADNOTE If investment flows are to continue to emerging economies, a new means must be found to bring predictability to the resolution of unsustainable sovereign debt. But will this be imposed by fiat or evolve though market forces? Will the IMF return to its original mandate or extend its command ......

Blogs

  • UMBRELLAS & $11.50 AIR FARES
    • No airport lounge, no free bubbly, no video-on-demand and sometimes, gulp, no meals! That´s no way to fly. Is it?With JetBlue introducing a $39 shuttle between Washington and New York in August, the war between low cost carriers (LCCs) is intensifying. In the US, Delta and US Airways whose fares ......
  • How Far Will the Financial Crisis Go Before It Finally Ends?
    • "The flu in the financial sector has sapped the U.S. stock market of more than $200 billion since the start of the year." ......
  • Breaking Financial News: Fed Rate Cut Emergency Move
    • The Fed rate cut comes ahead of its schedule meeting next week, and did soft-cushion the stock market opening this morning.
  • When Chain Invasion Causes Sleepless Nights, Polish Your Assets
    • When the corporate culinary giants invade your market causing sleepless nights, it is time to promote four assets you will need to win the battle: Personality, passion, personalized service and quality. These are the attributes independent owners who have developed a customer base and a reputation must have to stay ......
  • All Bloggers
Related Topics
Tools

Sponsored Links

Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.