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  • BNDES set to use its own cryptocurrency

    2/22/18
    Brazilian state-run development bank BNDES is set to begin using its own cryptocurrency for certain operations, according to a bank executive. The use of the virtual currency, which is yet to be created, will be restricted to...

  • Mexico marks advances on Nafta, CPTPP

    2/21/18
    Mexico continues to note significant progress in both the Nafta renegotiations and the US-free CPTPP agreement, as it looks to modernize its trade strategy beyond the simple lifting of tariffs and form a comprehensive platform for the ...

  • Temer gives up on pension reform

    2/20/18
    After months of trying to push it through congress, President Michel Temer's administration has acknowledged the impossibility of approving its pension reform proposal, which sets a retirement age and is considered crucial to rein in...

  • Bradesco jumps on Google Pay bandwagon

    2/20/18
    Banco Bradesco, one of the largest private sector banks in Brazil, has joined the Google Pay mobile payment service, formerly known as Android Pay. In November, Google launched Android Pay in Brazil, its first Latin American...

  • Snapshot: Colombia's AFPs

    2/20/18
    Colombia is home to four private pension fund managers, or AFPs as they are known. At the end of last year they were managing a combined 255tn pesos (US$89bn) in assets, up 39.9tn from 12 months earlier. The assets are spread...

  • How Colombia's banks fared in 2017

    2/20/18
    Colombia's lenders posted a drop in profits last year as the wider economy sputtered along. The country's 50 regulated lending entities reported net income of 8.31tn pesos (US$2.9bn), down from 12.0tn pesos in 2016, according to...