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Bloomberg News

Bloomberg News

December 22, 2016 | Daily Business Review

Brazil to Crack Down on 476% Annual Credit Card Rates, Again

The Brazillian government is signaling it wants to tackle triple-digit credit card interest rates.

By Matthew Malinowski and Mario Sergio Lima, Bloomberg News

7 minute read

December 05, 2016 | Daily Business Review

Trump Considered Buying Hotels in Cuba, Iberostar Chief Says

President-elect Donald Trump was looking at buying hotels in Cuba as recently as six months ago, according to a top Spanish hotel executive who learned of it from industry contacts. That would be at odds with Trump's stated Cuba policy and could have violated U.S. law against promoting tourism there.

By Stephanie Baker and Sharon Smyth, Bloomberg News

8 minute read

November 14, 2016 | Daily Business Review

Record Numbers of Undocumented Immigrants Being Detained in US

A record number of immigrants are being held by the U.S. government in detention facilities as migrants arrive in high numbers.

By Lauren Etter, Bloomberg News

4 minute read

November 14, 2016 | Daily Business Review

Roll Over Miami, Argentina Has Found a New Shopper's Paradise

President Mauricio Macri's policies have unleashed a retail sales boom. Unfortunately for the Argentine leader, it is in neighboring Chile.

By Laura Millan Lombrana, Bloomberg News

4 minute read

November 02, 2016 | Daily Business Review

Rio's Drug Gangs, Squeezed by Recession, Go on Hijacking Spree

In Rio state, hijackings have surged more than 150 percent from three years ago, part of a broader crime wave this year.

By David Biller, Bloomberg News

11 minute read

October 25, 2016 | Daily Business Review

US Said to Be Closing In on Venezuelan Asset Seizures, Charges

Federal prosecutors are preparing to charge several individuals and confiscate their property over the alleged looting of Venezuela's state oil company in what may amount to one of the biggest asset seizures in U.S. history.

By Ben Bartenstein, Tiffany Kary and Alan Katz, Bloomberg News

12 minute read

October 19, 2016 | Daily Business Review

A Florida Orthodontist's FOIA-Fueled, Anti-Clinton Crusade

As one of the ugliest political contests in U.S. history nears its end, a Florida orthodontist-turned-devoted political activist finds himself in a strange position: He doesn't plan to vote.

By Dune Lawrence, Bloomberg News

11 minute read

October 19, 2016 | Daily Business Review

These Harvard Economists Differ on How to Save Venezuela

Six months ago, with Venezuela hurtling toward calamity, one of its most renowned economists living in exile assembled a group of scholars with a decidedly unacademic goal: to save the country.

By Andrew Rosati, Bloomberg News

12 minute read

October 17, 2016 | Daily Business Review

GM Invests Millions in Mexico as Ford Absorbs Blows From Trump

After more than a year of watching Republican presidential candidate Donald Trump bash Ford Motor Co. for moving jobs to Mexico, General Motors Co. has pushed ahead with its own expansion. It just hasn't said as much as Ford.

By Andrea Navarro, Nacha Cattan and David Welch, Bloomberg News

10 minute read

October 12, 2016 | Daily Business Review

Brazilians Flee Drought-Ravaged Land Once Touted as Frontier

It was advertised as Brazil's "new frontier," the vast savanna running alongside the Amazon jungle that would help meet China's insatiable demand for food. The farmers of Brazil heeded that call, razing trees, plowing virgin land and planting soybeans at a frenetic pace for much of the past decade.

By Gerson Freitas Jr. and Tatiana Freitas, Bloomberg News

8 minute read