News of bank of america

Brazilian families slammed by debt, inflation

06-01-2022 12:04 Even though 2021 had been anticipated as the year of economic recovery in Brazil, high inflation and the complications derived from the pandemic, are forcing Brazilians to get more and more into debt, despite the rising interest rates.

Argentina begins taxing cryptocurrency, reversing old stance

17-11-2021 15:17 Transactions involving cryptocurrencies will be subject to government's tax on bank credit and debts, effective immediately.

Brazil bank robbers strap hostages to cars during deadly raid

31-08-2021 14:32 Heavily armed gangsters strapped hostages to their getaway cars after robbing two banks in Brazil, in a rampage that left three people dead, police and reports said Monday.

Cuba lays groundwork to legalise cryptocurrency transactions

30-08-2021 10:43 Communist government is trying to legalise and regulate the growing use of cryptocurrencies on the island as citizens ramp up transactions to evade state controls. 

A crypto-revolution in Argentina

12-06-2021 00:17 Argentina’s economy is prime breeding ground for the crypto-world. And the populist promise of cheap energy here is a crypto-miner’s dream.

by Agustino Fontevecchia

World Bank forecasts 'modest recovery' for Latin America and Caribbean

09-06-2021 14:51 Latin America and the Caribbean will have "modest economic recoveries" in 2021, the World Bank has warned. Argentina's economy forecast to rebound 6.4% this year.

Trump's candidate inches closer to victory in race to lead IDB

10-09-2020 18:35 Mauricio Claver-Carone is inching closer to becoming head of the Inter-American Development Bank, after Mexico decided to pass up a potential boycott of Saturday’s vote.

European leaders ask EU to support postponement of IDB vote

08-09-2020 17:13 Three European leaders enter debate. Vote to elect the next president of the Inter-American Development Bank is currently scheduled to take place by remote session on September 12.

Trump’s pick for IDB top job says he wants to counter China's influence

27-08-2020 02:36 Mauricio Claver-Carone said the Washington-based bank could supplant Beijing as a go-to lender across the region at a time when Xi Jinping’s administration is pulling back.

Siding with Trump, 17 nations reject delay to vote on IDB chief

18-08-2020 23:29 Seventeen nations – including Brazil, Colombia, Ecuador and Bolivia – release letter rejecting attempts to delay vote on next chief of Inter-American Development Bank, complicating Argentina's hopes for their own candidate.

Pandemic to deliver 'unprecedented' blow to tourism in Latin America, Caribbean

02-07-2020 03:21 Coronavirus pandemic to deliver "unprecedented blow" to tourism in Latin America and the Caribbean, the Inter-American Development Bank warns.

Latin American leaders ask IMF, IDB, World Bank officials for support

25-06-2020 01:34 Presidents of nine Latin American nations ask International Monetary Fund, World Bank and the Inter-American Development Bank for support during virus crisis, including restructuring of debt.