Prices rebound despite higher dollar
* Colombian peso set to end eight-session losing streak * Moody's downgrades Pemex further into junk * Brazil's capacity utilization hits highest in 7 years * FEMSA, WEG rally after results * Peru's Pedro Castillo assumes presidency (Adds comments, details; updates prices throughout) By Susan Mathew and Shreyashi Sanyal July 28 (Reuters) - Most Latin American currencies and stocks rose on Wednesday, with Colombia's peso looking to end its longest losing streak in more than 2-1/2 years, while the U.S. Federal Reserve's decision to hold interest rates kept the dollar subdued. The U.S. dollar fell after the Federal Reserve said economic recovery remains on track despite a rise in coronavirus infections, in a new upbeat policy statement and flagged ongoing talks around the eventual withdrawal of monetary policy support.
(Bloomberg) -- Union leaders at Escondida are calling on workers to reject owner BHP Group’s final wage offer, raising the possibility of a strike at the world’s largest copper mine at a time of tight global supplies and high prices.An offer delivered at the end of regular wage talks in Chile falls short of worker demands, with the company pushing for longer hours in a bid to boost productivity and profit, the union said in a statement Wednesday. The 2,330 members will vote on the offer through