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Latin American Economy

To those of us who have studied the largest wave of immigration in history from a single country to the United States -- the four-decade-long influx of millions of Mexicans -- it seemed inconceivable that it would ever come to a halt. Yet, as our new Pew Hispanic Center report has shown, it has.

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Cuba's motorcycle culture roaring back to lifeupdated: Tue Apr 17 2012 13:49:00

Decades navigating the roads in Cuba have left deep scars on Sergio Morales' jet black 1947 Harley-Davidson motorcycle.

Vintage Harleys own Cuba's roadsupdated: Tue Apr 17 2012 13:49:00

CNN's Patrick Oppmann reports on Cuba's Harlistas, whose vintage motorcycles own the road.

Where are all the women entrepreneurs?updated: Fri Apr 13 2012 09:54:00

Consider who comes to mind when we think of entrepreneurs. Does a day go by without mention of Bill Gates, Mark Zuckerberg or Richard Branson in the media? While admirable, these men are not accessible, especially to women.

Brazil tackles povertyupdated: Mon Apr 09 2012 16:26:00

Brazil hopes to share its lessons in poverty reduction with its BRICS partners. CNN's Shasta Darlington reports.

Obama and Brazil's president discuss trade, energyupdated: Mon Apr 09 2012 16:26:00

President Barack Obama and visiting Brazilian President Dilma Rousseff on Monday stressed the importance of strong ties between their countries, despite Brazil's concerns about U.S. economic policies that it says can work against emerging economies.

Brazil unveils tax cuts, credits to help industryupdated: Tue Apr 03 2012 14:35:00

Brazil on Tuesday unveiled a package of tax cuts and growth incentives to give the world's sixth-largest economy a jolt and protect struggling manufacturers.

Pope's Havana visit raises questions of whom he'll meetupdated: Tue Mar 27 2012 23:57:00

Pope Benedict XVI arrived in Havana on Tuesday amid speculation over whether he will meet with the island's former president, Fidel Castro, and how far he'll press the country for greater political and religious freedoms.

Cubans return home ahead of pope's visitupdated: Mon Mar 26 2012 20:40:00

Cubans return home to emotional homecomings ahead of Pope Benedict XVI's visit to Cuba. CNN's Patrick Oppmann reports.

Mexico spends millions to greet popeupdated: Fri Mar 23 2012 17:32:00

The Mexican government is spending millions of dollars to welcome the pope. CNN's Rafael Romo reports.

CNNMoney: Currency wars: Brazil says 'it's on'updated: Fri Mar 09 2012 10:22:00

Brazil's central bank fired the next shot in what is shaping up to be an international currency war with a sharper-than-expected interest rate cut late Wednesday that pushed down the value of its currency, the real.

Brazil's central bank makes larger-than-expected interest rate cutupdated: Wed Mar 07 2012 20:10:00

Brazil's central bank cut its benchmark interest rate more than expected on Wednesday night to 9.75% from 10.5% after a slew of disappointing economic data this week.

European crisis, less demand from China drag down Brazil's GDPupdated: Tue Mar 06 2012 08:02:00

Brazil's economy grew a sluggish 2.7% in 2011, the government statistics agency IBGE reported Tuesday, far below its target of 4.5%.

Brazil declares new 'currency war'updated: Fri Mar 02 2012 00:16:00

Brazil has declared a fresh "currency war" on the US and Europe, extending a tax on foreign borrowings and threatening further capital controls in an effort to protect the country's struggling manufacturers.

CNNMoney: Emerging markets have their mojo backupdated: Fri Feb 10 2012 12:34:00

Stocks are soaring this year. Everywhere. And if you think the rally has been big in the U.S., just check out emerging markets.

Party leaders mull change in Cubaupdated: Sat Jan 28 2012 19:59:00

Leading members of Cuba's Communist party on Saturday met to discuss the future of the island's revolution, including the possibility of term limits for top officials.

Ahmadinejad: Why does U.S. punish Iranians, Cubans?updated: Thu Jan 12 2012 06:32:00

Iranian President Mahmoud Ahmadinejad visited Cuba Wednesday and called on developing countries to unite against "imperialism and capitalism."

Argentina's Fernandez sworn in for 2nd termupdated: Sat Dec 10 2011 13:37:00

Argentine President Cristina Fernandez de Kirchner was sworn in for a second four-year term Saturday, extolling her country's economic stability during a time of global crisis.

Brazil's economy sputters in third quarterupdated: Tue Dec 06 2011 10:44:00

Brazil¹s economy ground to a halt in the third quarter, hit by the eurozone crisis and slowing demand from trading partners like China.

Clinton Foundation facilitates $45 million Haiti hotel deal updated: Mon Nov 28 2011 19:28:00

Two years after a 7.0-magnitude earthquake leveled Haiti's capital, a deal brokered by former President Bill Clinton's charitable foundation will add new lodging for aid workers and other travelers to Port-au-Prince -- in the form of a $45 million hotel.

Immigrants leave crisis-hit Spainupdated: Fri Nov 18 2011 16:06:00

Argentine immigrants leave Spain as the country is slammed by poor economic conditions. CNN's Brian Byrnes reports.

New law creates real estate market in Cubaupdated: Thu Nov 03 2011 13:53:00

In a move that could reshape the Cuban economy, the government on Thursday announced a new law that allows for the sale of real estate.

Fernandez sails to victory in Argentinian presidential voteupdated: Mon Oct 24 2011 11:37:00

Cristina Fernandez de Kirchner became Latin America's first female president to win a second term when she sailed to victory in Argentina's elections.

Argentina's inflation skyrocketsupdated: Mon Oct 24 2011 00:07:00

Argentina's economic growth comes with a consequence - inflation. CNN's Brian Byrnes reports.

Argentinian incumbent heads toward re-electionupdated: Mon Oct 24 2011 00:07:00

Dressed in black, evoking her trademark style, Argentinian President Cristina Fernandez de Kirchner addressed cheering crowds after preliminary vote counts on Sunday showed her heading toward re-election.

Argentina's economy moving forwardupdated: Sat Oct 22 2011 11:45:00

A decade later, Argentina is enjoying a remarkable comeback from its 2001 financial crisis. CNN's Brian Byrnes reports.

Inflation downplayed as Argentina recoversupdated: Sat Oct 22 2011 11:45:00

In December 2001, Argentina defaulted on $100 billion in debt -- the largest default in history. The move ushered in an era of utter chaos: five presidents in two weeks, cash and food shortages, deadly riots and dire poverty.

CNNMoney: Brazil cuts rates. Is China next?updated: Thu Oct 20 2011 13:24:00

Brazil is one of the world's hottest economies. But even it is feeling a need to cut interest rates in response to a slowdown in the developed world.

CNNMoney: The Fed needs a little help from its friendsupdated: Wed Sep 21 2011 14:42:00

People like to use the metaphor "pushing on a string" to describe something that's ineffective. After all, you can pull a string. But you can't really push one.

CNNMoney: Will free trade create or kill U.S. jobs?updated: Mon Aug 15 2011 05:06:00

Amid all the squabbling in Washington, there is one policy many Democrats and Republicans agree on -- free trade deals with South Korea, Colombia and Panama.

Cubans to be allowed to sell homesupdated: Thu Aug 04 2011 05:49:00

For the first time in 50 years, Cubans will be allowed to buy and sell their homes, as CNN's Shasta Darlington reports.

Home sales nearing reality in Communist Cubaupdated: Thu Aug 04 2011 05:49:00

Olivia Sersute and her sister have shared the same home on the second floor of a faded Havana mansion since they were children and even after getting married and having kids of their own.

Case against ex-IMF chief in doubtupdated: Tue Jul 05 2011 04:46:00

"Serious" credibility issues arise with a hotel maid who accused Dominique Strauss-Kahn of sexual assault.

CNNMoney: IMF names France's Lagarde managing directorupdated: Wed Jun 29 2011 10:02:00

Christine Lagarde, the finance minister of France, was voted to the post of managing director of the International Monetary Fund on Tuesday.

IMF poised to name next bossupdated: Tue Jun 28 2011 09:59:00

The IMF is preparing to appoint a new chief to replace the embattled Dominique Strauss-Kahn.

CNNMoney: Latin America in focus: Colombia's credit hat-trickupdated: Wed Jun 22 2011 18:03:00

After decades of social, political and economic struggles, Colombia has achieved an important milestone: Fitch Ratings on Wednesday became the third credit rating agency this year to raise the South American nation's debt to investment grade.

IMF to consider Lagarde, Carstens for top jobupdated: Tue Jun 14 2011 01:03:00

The International Monetary Fund whittled the candidate pool for its top post Monday, saying it would consider just two contenders, French Finance Minister Christine Lagarde and Mexican Central Bank chief Agustin Carstens.

Left-leaning Humala wins Peruvian presidential electionupdated: Mon Jun 06 2011 19:01:00

Left-leaning Ollanta Humala won the Peruvian presidential runoff Monday, ending a hard-fought campaign during which he promised to spread the benefits of Peru's economic boom to the poor.

French IMF candidate seeks support in Brazilupdated: Tue May 31 2011 10:09:00

French Finance Minister Christine Lagarde paid a visit to Brazil's capital Monday, making overtures toward developing nations to support her bid to become the first female president of the International Monetary Fund.

Choosing the next IMF chiefupdated: Thu May 26 2011 06:20:00

CNN's Richard Quest asks the governor of the Bank of Israel if he's in the running to be the next IMF head.

Peruvian candidate rallies in shadow of former strongmanupdated: Wed Apr 13 2011 11:11:00

"Chino! Chino! Chino!" is a familiar refrain at the rallies for Peruvian presidential candidate Keiko Fujimori, who on Sunday won the right to participate in a runoff election this June.

Cuban economy minister removed to now oversee reformsupdated: Sat Mar 26 2011 12:11:00

Cuba replaced Economy Minister Marino Murillo Jorge so that he can focus on overseeing the sweeping economic reforms expected to be approved at a meeting of the Communist Party in April, state media reported on Saturday.

Obama heads to Latin Americaupdated: Fri Mar 18 2011 12:11:00

Amid unrest in the Middle East and the devastating earthquake and tsunami in Japan, President Barack Obama is staying the course by going ahead with his five-day trip to Latin America.

Mexico outlines details of cross-border trucking pactupdated: Tue Mar 08 2011 18:40:00

Mexican officials are revealing details of a recently announced agreement that ends a 16-year trucking dispute between Mexico and the United States.

Outlook on Brazil's economyupdated: Tue Feb 08 2011 01:44:00

CNN en Espanol's Alberto Padilla discusses Brazil's economy with CNN's Colleen McEdwards.

To recover, Haiti needs leadersupdated: Thu Jan 13 2011 06:04:00

I've worked in Port-au-Prince for nearly a year, but yesterday was the first time I've seen large-scale rubble removal in this collapsed city. As I stood next to the owner of a house that had been finally demolished and watched the remains being carted away by massive earth-moving machines, I felt thrilled -- but frustrated, too.

Industrial park project will create 20,000 new jobs in Haitiupdated: Wed Jan 12 2011 10:05:00

Haiti's economy is getting a boost thanks to a venture with one of Korea's largest companies that promises to bring 20,000 garment industry jobs to a new industrial park in the north of the country.

Emerging markets' inflation fightupdated: Mon Jan 10 2011 02:06:00

CNN's Pauline Chiou talks with Simon Godfrey of BNP Paribas about the impact of inflation in emerging markets.

Brazil inaugurates first female presidentupdated: Sun Jan 02 2011 19:59:00

Dilma Rousseff was sworn in as Brazil's president in front of cheering supporters.

Brazil inaugurates first female presidentupdated: Sat Jan 01 2011 23:39:00

Brazil's first female president was sworn in Saturday amid cheers and tears from supporters, many of whom followed her rise from freedom fighter brutally persecuted by the country's military junta in the 1960s to head of state.

New year ushers in a first for Brazil -- a female presidentupdated: Sat Jan 01 2011 12:10:00

She is coming to power holding the hand of a powerful man. Replacing Luiz Inacio Lula da Silva as president of Brazil on January 1 is 63-year-old Dilma Rousseff, the first woman to govern this South American country of more than 200 million people.

Gas prices soar in Boliviaupdated: Wed Dec 29 2010 21:55:00

CNN's Rafael Romo explains how South American countries are struggling with fuel prices.

Bolivian president seeks support for fuel price increaseupdated: Wed Dec 29 2010 21:55:00

President Evo Morales sought Wednesday to drum up support for his move over the weekend to end subsidies on the price of gasoline, a decision that resulted in the largest gas price increase in 30 years and led to protests in some cities.

Fortune: Narco-terror and U.S. businessupdated: Fri Nov 19 2010 05:38:00

It was a shocking twist in Mexico's four-year war among drug cartels. At around 1 a.m. on a Thursday in late October, gunmen sprayed bullets into three buses carrying temporary workers after their shift at U.S.-based Eagle Ottawa's plant in Juárez. Four employees of the automotive-upholstery maker were killed and 17 injured, sending chills through the border town. Never before had employees of a U.S. factory been targeted in the drug-related violence that is sweeping the country.

CNNMoney: Mexico is a 'buy' - despite the violenceupdated: Thu Oct 07 2010 13:25:00

The Mexican stock market is going gangbusters this year despite a drug war that has claimed more than 28,000 lives.

Fortune: Is the party about to end in Brazil?updated: Fri Aug 06 2010 05:12:00

Marcelo do Rio stands outside his new Brazilian pizzeria, grinning. The sale of his brewpub chain financed the launch of his new business -- and the purchase of his swank Rio home.

CNNMoney: Hugo Chavez hurts toothpaste, makeup salesupdated: Thu Jul 29 2010 15:25:00

The world's largest toothpaste maker reported disappointing sales Thursday, and who's to blame? None other than the country of Venezuela, the company said.

Immigration reform needed for U.S. economy and for Haitiupdated: Sun May 09 2010 10:54:00

Marie, a Haitian mother, couldn't have been more grateful. "Thank you God for TPS," she recently told an attorney helping her fill out forms that will protect her from deportation. She was referring to temporary protected status, which will allow her to work legally, help Haiti and support her two young children. It's the sentiment that we hear most these days.

Chile quake hit poor communities hardestupdated: Wed Mar 03 2010 14:57:00

Images of destroyed homes, people sleeping in the streets and broken freeways reveal the recent tragedy of Chile. Who would think that after the horror of Port-au-Prince, restless geological plates would so quickly wreak havoc in another nation? The Earth seems at war with itself.

CNNMoney: Chile quake damage could reach $30 billionupdated: Sun Feb 28 2010 18:29:00

The massive earthquake that struck Chile this weekend did between $15 billion and $30 billion in damage to the South American nation's economy, according to a risk management assessment firm.

Cubans go all out for sweet 15updated: Tue Feb 09 2010 17:04:00

The economic downturn isn't stopping parents from dropping big cash on sweet 15 celebrations, a rite of passage in Cuba.

Intriguing people for December 16, 2009updated: Wed Dec 16 2009 09:55:00

Ben Bernanke The American economist and chairman of the U.S. Federal Reserve on Wednesday was named Time's Person of the Year.

Cuba cuts benefits amid crisisupdated: Tue Dec 01 2009 04:40:00

Cuba's Communist government scales back subsidies as the economic crisis hits home. CNN's Shasta Darlington reports.

Key U.S. lawmaker calls for lifting of travel ban on Cubaupdated: Thu Nov 19 2009 17:47:00

The U.S. government has no right to restrict American tourists from traveling to Cuba, the chairman of the House Foreign Affairs Committee said Thursday.

Peru's president exits summit after report of spy charges against officerupdated: Sat Nov 14 2009 22:05:00

Peruvian President Alan Garcia left Singapore on the eve of the Asia-Pacific Economic Cooperation summit after reports surfaced that an air force officer was accused of spying for the Chilean government, Peru's foreign minister said Saturday.

CNNMoney: Could Citi lose its Mexican bank?updated: Thu Nov 05 2009 12:01:00

Citigroup could face losing its Mexican subsidiary Banamex, after Mexican senators asked the Supreme Court, on Wednesday, to rule whether or not the local bank would be breaking the law by being partly owned by the United States government.

Fortune: Forget China, Brazil's a cheaper investmentupdated: Wed Oct 28 2009 14:53:00

Brazil has a lot of reasons to celebrate these days. It recently won the competition to host the 2016 Olympics in Rio de Janeiro, as well as the 2014 World Cup.

U.S. eases Cuban restrictionsupdated: Fri Sep 04 2009 06:12:00

The U.S. Treasury announced it has changed its regulations to lift restrictions on the ability of Cuban Americans to visit relatives in Cuba and send them money.

Mexico's economy taking hits from all directionsupdated: Sat Aug 22 2009 20:33:00

The Mexican economy went off a cliff in the second three months of 2009, with the gross domestic product dropping 10.3 percent from the same period last year, according to government figures.

Emigrants' remittances to Latin America declining, report saysupdated: Wed Aug 12 2009 19:10:00

The remittances that emigrants send back to Latin America and the Caribbean, an important component of the gross domestic product for many countries in the region, will decline more than 10 percent this year, a new report says.

Obama in Mexico for North American summitupdated: Sun Aug 09 2009 19:00:00

President Obama arrived Sunday evening in Guadalajara, Mexico's second-largest city, for a day and a half of talks with Mexican President Felipe Calderon and Canadian Prime Minister Stephen Harper.

Castro calls for tight finances in Cubaupdated: Mon Jul 27 2009 01:30:00

Sunday was a day of commemoration in Cuba -- the 56th anniversary of the start of the Cuban Revolution -- but the message from President Raul Castro was not all celebratory.

Cuba's Castro sees tough timesupdated: Mon Jul 27 2009 01:30:00

Cuban President Raul Castro says times are tough, but he doesn't blame only America. CNN's Shasta Darlington reports

Mexican immigration to U.S. off 40 percent, study findsupdated: Wed Jul 22 2009 09:41:00

Mexican immigration to the United States has dropped sharply since 2005, but the flow of migrants returning to Mexico remains steady, according to a study released Wednesday by the Pew Hispanic Center.

U.S. may help train Mexican customs agents under pactupdated: Mon Jun 15 2009 15:07:00

An agreement signed Monday by U.S. and Mexican officials some day may mean travelers headed into Mexico will see Mexican customs officials -- trained and equipped with the help of the U.S. government.

Barter clubs expose Argentina's weaknessupdated: Thu May 21 2009 08:52:00

They line up early every Saturday morning at the decrepit gymnasium that houses the La Matanza Barter Club.

CNNMoney: Dollar gains on swine flu concernsupdated: Mon Apr 27 2009 09:38:00

The dollar and yen strengthened broadly Monday on rising risk aversion as concern grew that an outbreak of swine flu in Mexico could become a global pandemic, while the Mexican peso fell sharply.

Raúl Castro: Cuba ready 'to discuss everything' with U.S.updated: Fri Apr 17 2009 08:10:00

The Cuban government, long the object of a U.S. economic blockade, is prepared to meet with the Obama administration, Cuba's leader said.

Summit of the Americasupdated: Fri Apr 17 2009 08:10:00

At Summit of the Americas, Pres. Obama may get an earful about Cuba. CNN's Morgan Neill reports.

Obama eases Cuba sanctionsupdated: Tue Apr 14 2009 04:00:00

President Obama eases Cuba travel restrictions to allow Cuban-Americans to visit their relatives more often.

Castro wants more from Obama on Cubaupdated: Tue Apr 14 2009 04:00:00

The U.S. policy shift toward Cuba makes no mention of the "harshest of measures" -- the economic blockade -- former Cuban leader Fidel Castro says.

Bill to allow travel to Cuba has a better shotupdated: Tue Mar 31 2009 23:13:00

A group of senators and other supporters unveiled a bill Tuesday to lift the 47-year-old travel ban to Cuba.

Fortune: Brazil gets bruised by Wall Streetupdated: Sat Mar 21 2009 11:17:00

It was not a week for celebration for President Luiz Inácio Lula da Silva of Brazil, even though on March 14 he did become the first Latin American leader to be received by President Obama in the White House. First there was the embarassment reported by the New York Times of the Americans changing the date of the White House meeting, allegedly because of the St. Patrick's Day holiday, and then there was that slight misspelling of President da Silva's name in the White House press release. And to top it all off, Wall Street suddenly turned bearish on his country.

CNNMoney: Mexico to raise tariffs on 90 U.S. exportsupdated: Mon Mar 16 2009 20:01:00

Mexico has announced plans to raise tariffs on almost 90 U.S. exports, Mexican and U.S. officials confirmed Monday.

Key GOP senator calls Cuba embargo ineffectiveupdated: Mon Feb 23 2009 13:15:00

Sen. Richard Lugar, the ranking Republican on the Senate Foreign Relations Committee, released a draft report Monday saying it is time to reconsider longtime U.S. economic sanctions on Cuba.

Day laborers go homeupdated: Tue Feb 10 2009 15:09:00

CNN's Thelma Gutierrez reports on day laborers returning to their home countries because of the bad economy.

Argentine farmers face ruin as drought kills cattle, cropsupdated: Thu Jan 29 2009 19:03:00

In a small farming town 105 kilometers (65 miles) southwest of Buenos Aires, farmers are struggling to nourish their crops and feed their animals. The worst drought in half a century has turned Argentina's once-fertile soil to dust and pushed the country into a state of emergency.

Argentina's terrible droughtupdated: Thu Jan 29 2009 19:03:00

Argentine farmers face their worst drought in 50 years. CNN's Brian Byrnes reports.

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