Brazil's Rousseff suffers fiscal setbacks in Congress

Brazil's Senate put off a vote on a key austerity bill on Tuesday and the lower house of Congress voted to increase the cost of a workers severance fund, two setbacks for President Dilma Rousseff's efforts to fight a gaping fiscal deficit. (Reuters)

Peru sells $1.25bn global bond to fund 'austere' 2016 budget

The government of Peru on Tuesday sold a $1.25bn 12-year dollar-denominated bond to pay for next year's “austere” budget, its third tapping of global debt markets in the past year, the finance ministry said. (Reuters)

Mexico GDP growth beats forecasts

Mexico’s economy expanded more than forecast in the second quarter after a pickup in domestic demand spurred a growth in June. (Bloomberg Business)

Indian government approves pact with Seychelles to curb tax evasion, avoidance

Stepping up its fight against black money generation, the government of India has approved an agreement for the exchange of information on taxes with the Seychelles. (Economic Times)

Venezuela reshuffles government as oil prices fall

With plunging crude oil prices creating a worsening economic situation, Venezuela's embattled government decided it was time for a little re-shuffle. (FT Fast)