Argentina's new government will lay out its economic "shock" therapy plans on Tuesday afternoon in a bid to rein in triple-digit inflation and rebuild depleted foreign currency reserves, with markets and ordinary Argentines on tenterhooks about the impact, Reuters reported. Economy Minister Luis Caputo will announce the measures after markets close around 5 p.m. (2000 GMT), the spokesman for libertarian President Javier Milei, who took office on Sunday, told a news conference.

Argentina's consumer prices likely spiked around 12% in November alone, a Reuters poll of analysts showed on Monday, which will be the first monthly inflation data under the government of new libertarian President Javier Milei, Reuters reported. The South American country, which swore in its new government on Sunday, is battling triple-digit annual inflation already at 143% and climbing fast. Milei has said he will fight "tooth and nail" to bring inflation down. The Reuters poll of 22 analysts gave a median estimate of the CPI rising 11.9% in November, up from 8.3% in October.

As a deeply divisive re-write of Chile’s constitution comes to an end, interest rates fall and economic growth returns it seems that Chile’s bond market is regaining its mojo. But there may be one final sting in the tail from the last three years of social, political and economic turbulence, Bloomberg News reported. All 14 analysts and traders in a Bloomberg survey expect rating firms to downgrade their outlook on Chilean bonds, or lower the rating some time next year as the debt-to-gross domestic product ratio rises.

Argentina’s central bank limited the amount of foreign currency the nation’s commercial lenders can hold, in a push to discourage US dollar hoarding ahead of an expected devaluation by President-elect Javier Milei after his Sunday inauguration, Bloomberg News reported. The country’s central bank said that holdings may not be greater than the lowest amount recorded between Oct. 12 and Dec. 6, according to a rule published on its website Thursday. The measure — announced on the last business day of the current administration — goes into effect immediately and is valid until the end of the year.

Chilean consumer prices rose more than three times as fast as analysts expected in November, surprising investors ahead of the central bank’s final monetary policy meeting of the year. Swap rates and the peso soared in response, Bloomberg News reported. Prices climbed 0.7% in the month, above the 0.2% median estimate of analysts surveyed by Bloomberg. While annual inflation slowed to 4.8%, it also exceeded the 4.2% forecast, the national statistics institute reported Thursday. Chile’s central bank targets cost-of-living increases at 3%.

Gol Linhas Aereas Inteligentes SA plans to restructure its balance sheet yet again as it buckles under a heavy debt load and the high costs of operating an airline in Brazil, Bloomberg News reported. Gol hired Seabury Capital to help review its debt and other financial obligations, and free up cash by renegotiating its deals with lessors, the company said in a filing Friday. The move triggered a downgrade to CCC- from CCC+ by S&P Global Ratings, which warned of room for a further cut amid refinancing risks.

Brazil's government aims to extend the deadline for its broad consumer debt renegotiation program "Desenrola" by an additional three months, said a top Economy Ministry official on Wednesday, Reuters reported. The original closing date was set for the end of this year. As a campaign promise of leftist President Luiz Inacio Lula da Silva, the government launched the program to ease the financial burden on families, strained by the pandemic and high borrowing costs following a previous inflation surge.

Brazil's economy avoided contraction in the third quarter, extending a run of better-than-expected growth, even as it slowed sharply due to falling investment and the fading impact of a robust harvest to start the year, Reuters reported. Latin America's largest economy grew by a seasonally adjusted 0.1% in the three months through September, government statistics agency IBGE said on Tuesday. Economists had forecast a 0.2% drop in a Reuters poll.

Brazil's central bank chief, Roberto Campos Neto, said on Monday that the bank successfully overcame some challenges to its autonomy posed by the new administration of President Luiz Inacio Lula da Silva, despite what he termed some "noises" in the past year, Reuters reported. Speaking at an institutional event, he said the central bank managed to maintain decisions based on technical guidelines throughout this new government in which, for the first time, the new executive branch had to coexist with a central bank chief chosen by the previous administration.

A Chilean wind farm operator backed by Latin American Power has filed for bankruptcy in the U.S. with a restructuring deal that would provide financial relief from a debt default due to increased competition and severe drought, WSJ Pro Bankruptcy reported. Santiago-based Inversiones Latin America Power filed for chapter 11 Thursday in the U.S. Bankruptcy Court in Manhattan, with more than $400 million of debt.