Latin America

Latin America braces for US election impact on trade, tariffs

Latin America is anxiously counting the days to Nov. 5, when U.S. voters will choose between relative continuity under Vice President Kamala Harris or a return to policies that triggered volatility in the region's largest markets and economies under former president Donald Trump. Trade and tariffs, as well as monetary policy's effect on global interest rates, are likely the largest avenues for the election to jolt the U.S.'s neighboring region. Washington's economic war with China could particu...

September 20, 2024 4:21 PM

Brazil energy authorities approve returning to daylight saving time as drought bites

Brazilian energy authorities have approved bringing back daylight saving time, a senior official said on Thursday, to save energy as the country faces a major drought that has hit power generation. Before it goes into effect, reinstating daylight savings time will need to be backed by President Luiz Inacio Lula da Silva. A prolonged drought in Brazil has affected some of the country's largest hydroelectric plants, including two fed by an Amazonian river, forcing a shift to more energy imports ...