It is the most popular photograph in history: Argentine revolutionary Ernesto "Che" Guevara stares pensively at the horizon, his steely eyes shielded behind a thick beard and his trademark beret. The shot -- taken by Cuban photographer Alberto Korda in Havana on March 5, 1960 -- turned the charismatic and controversial leader into a cultural icon.
Tallies from Sunday's nationwide voting showed El Salvador's main leftist party losing its hold on the capital but opening a lead Monday in the Legislative Assembly.
El Salvador will elect more than 340 local and congressional officials Sunday, two months before the nation's presidential election. But Sunday's results could go a long way toward determining who that next president will be.
Analysis: Venezuela's Chavez may crow about the demise of the U.S. economy, but it will tighten his own belt. Latin America's big winner may instead be Brazil, the country that has best managed capitalism
Major markets in Europe, Asia and Latin America sank Monday as traders looked past America's bank bailout bill and focused on Europe's growing financial crisis.
In a nationwide measure, Argentina has granted gay couples the right to collect the pensions of their dead partners.
President Cristina Fernandez de Kirchner repeated her call this week to decriminalize personal drug use and crack down on traffickers and dealers.
On the question of whether recent immigrants assimilate as quickly as previous waves, many Americans exhibit short fuses -- and even shorter memories.
HBO is betting that Mexican soap fans will go for a gritty, and expensive, drama about women in prison
Venezuela and Colombia are rattling sabers, but will they put their countries and economies at risk with military conflict?
It is the most popular photograph in history: Argentine revolutionary Ernesto "Che" Guevara stares pensively at the horizon, his steely eyes shielded behind a thick beard and his trademark beret. The shot -- taken by Cuban photographer Alberto Korda in Havana on March 5, 1960 -- turned the charismatic and controversial leader into a cultural icon.
Tallies from Sunday's nationwide voting showed El Salvador's main leftist party losing its hold on the capital but opening a lead Monday in the Legislative Assembly.
El Salvador will elect more than 340 local and congressional officials Sunday, two months before the nation's presidential election. But Sunday's results could go a long way toward determining who that next president will be.
Analysis: Venezuela's Chavez may crow about the demise of the U.S. economy, but it will tighten his own belt. Latin America's big winner may instead be Brazil, the country that has best managed capitalism
Major markets in Europe, Asia and Latin America sank Monday as traders looked past America's bank bailout bill and focused on Europe's growing financial crisis.
In a nationwide measure, Argentina has granted gay couples the right to collect the pensions of their dead partners.
President Cristina Fernandez de Kirchner repeated her call this week to decriminalize personal drug use and crack down on traffickers and dealers.
On the question of whether recent immigrants assimilate as quickly as previous waves, many Americans exhibit short fuses -- and even shorter memories.
HBO is betting that Mexican soap fans will go for a gritty, and expensive, drama about women in prison
Venezuela and Colombia are rattling sabers, but will they put their countries and economies at risk with military conflict?
On election night, Venezuela's President went from anger to resignation as he realized voters were turning against him. But the defeat could help focus his socialist agenda
Anyone for Italian? The two English powerhouses both had slight stumbles this past week, so a new No. 1 comes slipping up through the cracks. Inter Milan is doing it on both ends of the field against all opponents and is back on top again -- legitimately this time, too.
Robert Duvall's heroes are Carmen Velasco and Lynne Patterson -- two women who are changing the lives of other women throughout Latin America one loan at a time.
Analysis: It was the "shut up" heard round the world. But what may have upset Venezuela's fiery leader was not the King of Spain, but a fellow leftist Prime Minister
As technology companies search from India to Eastern Europe for talent, and employers of day laborers decry attempts to cut off the supply from Latin America, CEOs seem to have overlooked one way of at least partly remedying the worker-shortage problem: Make their companies more family-friendly.
Viewpoint: A constitutional referendum and plans to dissolve Congress are the latest reminder that Latin America's legislatures have often discredited the region's democracies
Most Americans realize that when they call a bank, electronics maker or insurance provider, there's a good chance their queries will be routed to a call center outside the U.S., perhaps in India, the Philippines or other markets filled with English speakers happy to provide customer service or tech support for relatively low wages.
Nearly one in five people living in the United States speaks a language at home other than English, according to new Census data
Though leftist parties hold power in countries like Bolivia, pro-choice activists are finding themselves on the defensive
If there was any question who the dominant power in the Western Hemisphere is, Boca Juniors provided an empathic answer on Wednesday. Boca's stunning 5-0 aggregate victory over Gr�mio in the final of the Copa Libertadores was the most one-sided score line in the history of Latin America's ultimate club competition.
You can take the president out of the Beltway, but you can't keep the Beltway away from the president, as the president himself learned on his recent trip to Latin America.
Child labor is on the decline -- especially in Latin America -- and its most egregious forms could be eliminated within the next decade, a U.N. agency said Thursday in a report it called "cautiously optimistic."
We normally travel for business, but on this month's show we travel for pleasure and for profit, searching for that perfect second home.
Richard Quest takes the show to Brazil for a country focus, traveling to Sao Paulo and Rio de Janeiro to take a look at the country's potential for economic stardom, and talk to ministers, business leaders and cultural figures.
In Bolivia a few days ago, they were celebrating the inauguration of Evo Morales, the country's first Indian president.
NEW YORK (CNNMoney.com) - Who says it's been a challenging year for American stocks?
The Summit of the Americas wasn't a total loss. Yes, the group of 34 nations didn't agree on a trading pact, a vision of Bush's Free Trade Agreement of the America. But they did agree to keep working and that was a defeat for Venezuelan President Hugo Chavez, who vowed to bury the FTAA at this meeting.
With its beaches, golf courses, cuba libres, and rock-solid social-security system, it's no wonder that Costa Rica is luring American executives who want an alternative to Indian outsourcing. After...
If you're close enough, you can hear their sandals cut from old car tires slapping on the asphalt. If you're several blocks away, the protesters announce their approach with the blast of dynamite.
When Gen. Omar Halleslevens was installed Monday in Managua as chief of the Nicaraguan army, the U.S. government was represented by a mere major at the change-of-command ceremony.
NEW YORK (CNN/Money) - Pop quiz time: What is the best performing mutual fund category this year?
A vacation in France for Americans who have a zippy Toyota MR2 roadster back home provides a rare opportunity to feel smug around the French. After all, French drivers are still poking along in the...
Remember these common sense points when you're looking into doing some traveling.
Technology gains paced a stock market bounce early Thursday, with the sector continuing to lead the recovery for a second session following a more than two-week period of consolidation.
Leaders at the inauguration of a 34-nation Summit of the Americas Monday expressed optimism that seemingly intractable issues of poverty, trade and corruption in Latin America and the Caribbean could be overcome.
The high is always sweeter after the low. It's as true for investing as it is for life. So those battered veteran investors in emerging markets are no doubt savoring the phenomenal performance they...
The rich are getting richer--but not in the U.S. According to a new report by Cap Gemini Ernst & Young and Merrill Lynch, the number of millionaires* increased during 2002 in every region of the wo...
In another country, Guillermo Perez, who will soon graduate from an elite university with an economics degree, could probably look forward to a bright future--a career in finance, perhaps a job wit...
It isn't easy becoming a great place to do business, but once a city cracks the list, chances are it will stay there. Of this year's 15 best international cities, nine also ranked last year; the re...
It's a small world, and it's getting smaller. Everyone is looking for new markets abroad. Even the local pizza shop, it seems, is taking Internet orders to ship its special sauce all over the world...
Most multinational corporations start small, building market share at home first, then steadily branching out abroad. But most multinationals are not run by entrepreneurs like Fernando Espuelas, th...
Most multinational corporations start small, building market share at home first, then steadily branching out abroad. But most multinationals are not run by entrepreneurs like Fernando Espuelas, th...
No company could be more Spanish than Telefonica, the country's national phone giant. Walk down a street in Madrid, and sooner or later you'll stumble across Telefonica engineers wiring the guts of...
Latin pop phenoms Ricky Martin and Jennifer Lopez may have ruled the airwaves during this so-called Latin summer, but for investors, the season's main act was StarMedia Networks.
Here's a pop quiz: In the past 12 months, which of the following have occurred? a) a bear market b) currency crises in both Russia and Brazil c) the impeachment of the President of the United State...
Okay, we know--with a new currency crisis or regional meltdown seeming to come along every few months, it's hard to get too enthusiastic about foreign investing. The average international stock fun...
What was Mario Baeza doing in January, in the middle of looming economic collapse in Brazil, telling a Brazilian fish processor, "Buy the Chilean fishing boats!"? And by the way, to send the bill t...
Latin America has always been a tricky place to invest, but it's rarely been as scary as it is today. Stock markets in the region's three largest countries--Brazil, Mexico, and Argentina--have been...
Will Latin America be the next domino to fall in the great emerging market collapse? That's no idle question, because more than a fifth of U.S. exports, or some $70.8 billion, go to Latin America. ...
Not too long ago, only investors with an Evel Knievel-like tolerance for risk would have considered emerging markets bonds. After all, as last fall's Asian economic crisis reverberated through deve...
We're going to have to switch to my office," says Andy Skov apologetically, ushering me out of the conference room. "I want to be near my phone and computers." Skov, 32, is Morgan Stanley's point m...
On a trip to Thailand in January 1997, Mark Madden, manager of the $156 million Pioneer Emerging Markets Fund, visited some two dozen companies asking: How much of the foreign currency debt on your...
Adios, Emerging Markets. Hello, Junk Bonds. It took a market crisis that spread from Asia to Latin America to dethrone them, but emerging markets bond funds do not have a single entry on our one-ye...
THIS MONTH: --Zweig on the hidden dangers of index funds --A low-risk fund with global reach
For the past 2 1/2 years, fledgling television networks UPN and WB have been fighting each other for the title of "fifth network." Both claim higher ratings and better distribution, and both have b...
Income investors who want equity-like returns can take a chance on sizzling emerging markets bond funds, which invest in debt issues in Latin America, Eastern Europe and the Far East. For the 16th ...
Bet you don't know this: while U.S. stocks have raced ahead 17.5% so far this year, more than a dozen foreign markets--including Brazil, Hong Kong, Ireland and Taiwan--have fared even better. What'...
CLOSED BUT NOT FORGOTTEN
THIS MONTH: --What savvy managers are buying now --A fund that focuses on the bluest chips
MONEY has been telling you for years that most mutual fund companies charge far too much in annual management fees and other expenses. We still believe that--but there's one kind of fee that's a go...
The early reviews are rolling in for the 1996 production of As the World Turns, and overseas markets are winning raves. "Cheap stocks and strong growth rates abroad mean that selected foreign marke...
With U.S. stocks racking up returns of 20% to 35% so far this year, you might figure only a lunatic would bother to seek superior gains abroad. But think again. "It's a virtual slam dunk that many ...
As bill clinton might put it, we feel your pain. after all, 1994 delivered a George Foreman-like pounding to most fund investors' portfolios. Wham! The Federal Reserve Board hikes interest rates an...
For mutual fund investors in 1995, the basic prescription is simple: With the U.S. economy slowing, fill up on domestic funds favoring growth stocks that figure to appreciate 12% or more. And to be...
Born in the Philippines and living the itinerant childhood of a diplomat's daughter, Grace Pineda became proficient not only in her native Tagalog but also in English, French, Russian, and Spanish....
One of the more fashionable explanations for the current high altitude of global interest rates is the supposed global capital shortage. Developing nations are building their economies like mad, th...
DRIVING TOWARD Shekou, a throbbing port in southern China, is like a journey into a region hit by an earthquake. The ground seems to move under you. Mounds of red mud are piled everywhere as land i...
With the economy finally gathering speed, the average domestic stock fund rose almost 3% in January before the Feb. 4 nosedive. Not bad -- even though that gain was only half as brawny as that earn...
Wall Street old-timers used to chuckle about ''Peruvian bonds'': broker slang for worthless securities. Nowadays owners of the Andean country's debt are the ones who are smiling. Loans that sold fo...
MORE and more companies are starting to see a payoff from their struggle to adapt to the new economy. So while this expansion doesn't look at all like the rip-roaring ones of yore, and though Ameri...
Despite the storm gathering over U.S. markets, this is no time to abandon stocks. True, most analysts, including MONEY's Michael Sivy, regard a retreat of 10% to 15% by early next year as increasin...
Growing numbers of American investors are no longer smugly indifferent to the rest of the world. The latest confirmed figures show that in August they poured a record $5.4 billion into stock funds ...
GLOBALIZATION. Aren't we sick of it? Haven't we heard enough already about consumers from Alabama to Zambia wearing Levi's and Nikes and sweaters from Benetton, drinking Coke and Pepsi, eating Big ...
Frustrated by Americans' disinclination to save? Perhaps Washington's wonks should look south, way south, for a solution. One after another, countries in Latin America are employing a radical measu...
Don't be too quick to write off the U.S. export machine. Yes, it seems creaky: Shipments of goods to foreign shores have fallen in recent months. And as imports grow inexorably, the merchandise tra...
Made in the U.S.A.: That, you tell your children, is what your stock portfolio looks like. Good old American companies like Coca-Cola provide plenty of good returns, you say. Watch the dollar, whim...
BUY MEXICAN STOCKS? That's certainly not something Bonnie and Timothy Sprague had thought of five years ago. For the husband-and-wife radiologists from Santa Monica, California, Mexico was a place ...
WELCOME TO FORTUNE's annual feature, the World Economy in Charts, 11 pages of graphs and tables that show how nations have performed in the past three years -- and where they are likely to head in ...
The U.S. has the most companies on the Global 500 with 157, followed by Japan at 119. Britain is disproportionately represented, surpassing the far larger German economy, mainly owing to a residual...
The Nineties have brought a new set of trade trends. The U.S. reversed its slippage as an exporter, helped by more competitive industries, the weaker dollar, and the growth of markets in developing...
True enough, the bulls ran wild in the U.S. last year as its stocks returned an average 26% to investors, the most of any major market. But that was mere animal feed to the markets of smaller natio...
With growth limping along in most of America's major trading partners, many economists ask, how can exports expand enough to bolster the recovery? Answer: Look south and east. U.S. exports for the ...
The triumph of capitalism does not come cheap. As country after country struggles to build its market economy, the world will need more money than it did in the Eighties. Latin America, Eastern Eur...
IF YOU DOUBT that there's a new climate for foreign businesses in Latin America, consider this tale. Michael Jordan, chairman of PepsiCo's international snack and beverage businesses, called on Mex...
Looking for opportunities in privatization of state-owned enterprises? Don't assume that you are limited to Eastern Europe. In one of the largest such deals in Latin America ever, the Mexican gover...
The short-run outlook for Latin America is gloomy. Most countries now have or soon will have democratic governments that understand the need for free- market policies rather than populism and Marxi...
There is a tendency in the Western world to talk about only one region at a time. Ten years ago, people talked about Latin America as a great opportunity. Now everyone talks about Eastern Europe. I...
TREASURY SECRETARY Nicholas Brady has set U.S. policy toward the Third World's mountain of debt on the most promising course yet. Finally there's a chance -- slim but real -- that the rich and the ...
Banks will go to almost any length to collect bad debts, and First Interstate Bancorp is no exception. To pare down the $90 million in shaky loans it has made to Peru, the Los Angeles-based concern...
IN GREEK TRAGEDY it's called anagnorisis, the climactic moment when the protagonist recognizes his fate, irreversibly changing the action of the drama. In the tragedy of Third World debt, that scen...
LATIN AMERICA'S financial medicine men are experimenting with what many claim is a wonder drug to cure the region's debt problem. U.S., European, and Japanese lenders would swap loans to troubled c...
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