News 

Resignation of Morales, last of ‘pink tide,’ polarizes Latin America

“Right-leaning governments in Latin America, among them Colombia and Peru, called on the Bolivian state to ensure new elections would be lawful” writes Midwest Communications Inc for 95kqds.com. The end of a long commodities boom in Latin America saw some left-leaning governments replaced by conservative administrations.CARACAS (Reuters) – The resignation of Bolivian President Evo Morales, the last serving member of the ‘pink tide’ of leftist leaders that swept Latin America two decades ago, polarized governments across the region on Sunday, with presidents from Venezuela to Argentina denouncing a “coup” and…

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Uber says it will allow passengers and drivers to record audio of their trips in Brazil and Mexico, in response to rising safety concerns in the region

“Instead, they can be sent to the company so that an employee can review they if someone alleges misconduct or crime during the ride” writes Min Read for reuters.com. The recordings function only begins if either driver or passenger goes on the app and starts it. Source: reuters.com

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UBS and Banco do Brasil to launch new investment bank in South America

“(Reuters) – UBS Group AG and Brazilian state-controlled lender Banco do Brasil SA are set to launch an investment bank in South America, UBS said on Wednesday” writes Midwest Communications Inc for 95kqds.com. UBS will hold a 50.01% stake and Banco Do Brasil will own a 49.99% stake in the new investment bank, according to UBS. Both companies will appoint three members each to the board of the new investment bank, the statement said.UBS added that the investment bank’s chairperson will be appointed by Banco Do Brasil, while UBS will…

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Markets News 

Investors Left Exposed as Trump’s SEC Gives America Inc a Helping Hand

“For one, deregulation in the private market since 1996 has made it easier for firms to raise money from private investors, cutting most Americans out of the equation” writes Min Read for reuters.com. The broker rules, however, were heavily criticized by advocates for mom-and-pop investors who said they still left investors exposed to conflicted advice.Jackson, an academic who has studied the reliability of corporate disclosures, said reducing the frequency and substance of information companies had to publish, “comes with real costs for real people”.But there are other reasons why companies…

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SEC Is Making Huge Financial Reporting, Disclosure Changes

“The SEC has launched a controversial campaign to rein-in proxy advisors which make recommendations on how investors should vote in corporate elections” writes Min Read for reuters.com. Quarterly public reporting has long been a controversial subject, with many corporate governance experts arguing it leads companies to be too short-termist in their outlook. Source: reuters.com

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News Stocks 

Bank of America, Citigroup stocks rally after J.P. Morgan boosts bank price targets

“Financial stocks rose in premarket trading Monday, after J.P. Morgan analyst Vivek Juneja raised his price targets on a number of large-capitalization banks, as he removed his previous assumption that the Federal Reserve would cut interest rates in December” writes Reporter Editor for marketwatch.com. BAC, +1.69% rose 1.3%, after Juneja raised his price target to $33.50 from $33.00; Citigroup Inc.’s stock C, +3.49% tacked on 1.4%, as the price target goes up to $84.50 from $77.50; Wells Fargo & Co. shares WFC, +1.07% gained 0.9%, after Juneja raised his target…

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Here are 3 reasons why America’s future ‘belongs to the left’

“Without the subversion of democracy, the US appears destined to drift towards the left for a host of economic, demographic, and cultural reasons,” he wrote in a report on October 31″ writes Finanzen Net Gmbh for businessinsider.com. “While all versions of left-wing populism are consistent with big government in the economic sphere, on the right, only authoritarianism is,” Licht says. Source: businessinsider.com

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