Credit Suisse sharply
lowered its forecast for Mexican economic growth this year and
now expects a 4.0% contraction, citing "significant downside
risks," according to a note sent to the bank's clients on
(Reporting by Stefanie Eschenbacher; Editing by Julia Love)
The U.S. Federal Reserve moved Tuesday
to ensure the flow of credit to U.S. companies, banks and even
local governments amid a nationwide scramble for ways to blunt
the economic fallout from the coronavirus crisis.
Brazil's largest digital broker XP Inc
expects its clients to flock to fixed income assets amid
the turmoil in markets caused by the new coronavirus, its Chief
Financial Officer Bruno Constantino told analysts on Tuesday in
a conference call.