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Stock Market Latin America

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BUSINESS
June 22, 2000 | CHRIS KRAUL, TIMES STAFF WRITER
Latin American stock markets got a lift Wednesday from a surprise interest rate cut by Brazil's central bank, but many experts say the next turn for the region's markets--and economies--is more likely to depend on what happens in the United States. The Brazilian central bank's decision Tuesday to lower its benchmark overnight bank rate by a full point to 17.5%--a move hailed by economists as an act of confidence and sign of increased economic stability--sparked a 2.
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BUSINESS
June 22, 2000 | CHRIS KRAUL, TIMES STAFF WRITER
Latin American stock markets got a lift Wednesday from a surprise interest rate cut by Brazil's central bank, but many experts say the next turn for the region's markets--and economies--is more likely to depend on what happens in the United States. The Brazilian central bank's decision Tuesday to lower its benchmark overnight bank rate by a full point to 17.5%--a move hailed by economists as an act of confidence and sign of increased economic stability--sparked a 2.
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NEWS
September 15, 1998 | CHRIS KRAUL, TIMES STAFF WRITER
World economic leaders are nearing a consensus that Latin America, especially Brazil, must be saved from an Asian-style economic collapse. That consensus crystallized Monday as the world community, led by President Clinton, made the survival of emerging markets a priority. The major industrialized nations seem ready to draw a line in the sand with Brazil out of fear that the collapse of Latin America's largest economy would be an enormous setback in the global shift toward free-market economies.
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