Right now I am in Brazil, and it remains a very intriguing economy. The last time I was here was nearly 25 years ago on a trip to see auto plants, and Sao Paulo certainly hasn't shrunk since then. Well, the reason is Brazil's population of 210 million.
* Colombia's congress approves biggest ever budget for 2021 * Latam recovery in doubt on fiscal woes, confidence shaky - poll * U.S., Brazil aim to double bilateral trade in 5 years * Sao Paulo stocks jump 2% as banks surge on recovery hopes (Updates prices throughout) By Shreyashi Sanyal Oct 20 (Reuters) - Colombia's peso rose the most among Latin American currencies on Tuesday after the country approved its largest ever budget for next year, while Brazil's Bovespa stock index led gains in the region. The peso rose 0.5% against a weaker dollar after the final approval to a 314 trillion peso ($81.7 billion) budget for next year by the country's congress, which is 8.3% higher than this year's. Brazil's real was flat, giving back gains made earlier in the day after U.S. ambassador to Brazil, Todd Chapman, said the U.S. and Brazil aim to double bilateral trade in the next five years from around $100 billion currently.
By Geoffrey Smith