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BUSINESS
March 27, 1991 | TOM PETRUNO
Latin American stocks have jumped to the top of many global investors' "gotta-own" lists in recent weeks, fueled by talk of an economic renaissance for the region in the 1990s. The Bolsa index of 39 key stocks on the Mexican Stock Exchange is up 28% since Jan. 1, on top of a 50% surge last year. The index closed at a record 802,664 on Tuesday, up 4,384 points for the day. Stocks in Brazil, Chile and Argentina also have gained sharply. And that is driving the share prices of the U.S.
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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.
BUSINESS
March 27, 1991 | TOM PETRUNO
Latin American stocks have jumped to the top of many global investors' "gotta-own" lists in recent weeks, fueled by talk of an economic renaissance for the region in the 1990s. The Bolsa index of 39 key stocks on the Mexican Stock Exchange is up 28% since Jan. 1, on top of a 50% surge last year. The index closed at a record 802,664 on Tuesday, up 4,384 points for the day. Stocks in Brazil, Chile and Argentina also have gained sharply. And that is driving the share prices of the U.S.
NEWS
December 21, 2001 | HECTOR TOBAR, TIMES STAFF WRITER
President Fernando de la Rua resigned Thursday as tens of thousands of Argentines defied a state of siege he had declared less than 24 hours earlier when violence tore through the recession-ravaged country. De la Rua stepped down after opposition legislators in the Peronist party declined his offer to form a government of national unity, the president's last hope of holding on to power after two days of rioting that shook many of the nation's largest cities.
NEWS
August 23, 1994 | JUANITA DARLING and MARK FINEMAN, TIMES STAFF WRITERS
Economist Ernesto Zedillo claimed victory Monday, apparently retaining the ruling party's six-decade hold on the Mexican presidency but without the absolute majority that his predecessors have enjoyed. His triumph--with almost 48% of the vote in partial returns--was the narrowest ever recorded by a modern candidate of his Institutional Revolutionary Party (PRI). But with 35.
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