Chinese banks sent nearly $30 billion in loans to Latin American governments last year, more than double the amount from 2014. It's also more money than the World Bank and Inter-American Development Bank gave to the region last year combined, according to the Inter-American Dialogue, a non-profit in Washington.
Stock markets fell worldwide on Thursday on fears over the health of the global economy and the banking sector, with MSCI's global stock index dropping to more than 20 percent below its all-time high, while safe-haven 10-year Treasury yields hit their lowest since 2012.
Oil prices rallied on Friday, rebounding from a nearly 13-year low the previous day, on speculation of production cuts among some of the world’s biggest suppliers.
Next Trading Day's Important Events
- USDJPY: 112.67
- EURUSD: 1.1277
- S&P 500: 1,829.08
- NASDAQ : 4,266.8