Emerging Markets
Latin America, Africa and the Middle East: the currencies, commodities and companies of the emerging world.
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Colombia Energy Rescue Nears US$500 Million as Aval Eases Quake Debt
Colombia allocated a US$492 million energy package to keep electricity flowing in the Caribbean region, while Grupo Aval opened mo…
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Venezuela Probes Opposition Deputy Over Dollarization Bill
Venezuela's National Assembly has opened an investigation into opposition Deputy Antonio Ecarri for proposing a dollarization bill…
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PicPay Profit Soars 135% in Brazil as Q2 Beats Guidance
PicPay's adjusted second-quarter 2026 profit reached US$54.9 million, up 135% year over year and beating its own guidance. Revenue…
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Peru Mining Exports and Tax Revenue Shrink Fiscal Deficit
Peru's mining boom is driving a fiscal deficit reduction, with tax revenue up sharply. Mining exports exceeded US$28.9 billion in …
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Colombia Budget 2027 Faces ‘Clash of Figures’ Warning
Colombia's 2027 budget proposal of US49 billion contradicts the medium-term fiscal framework, sparking a watchdog warning. The gap…
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LatAm Expat & Nomad Daily Guide for Tuesday, August 25, 2026
The Short Version In short: Your LatAm expat and nomad daily guide for Tuesday, August 25. Argentina’s wholesale peso broke 1,500 …
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Morocco Restarts Wheat Imports on 16 September
A record Moroccan harvest produced plenty of grain and very little of it reached the industrial mills, so Rabat is paying importer…
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Chile and US Open Tariff Talks in Santiago
Chile and the US met in Santiago on 24 August 2026 to negotiate the 12.5% tariff on Chilean exports. Both sides agreed to continue…
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Braskem Restructuring Wins 39.6% Creditor Backing in Brazil
Braskem filed an out-of-court restructuring in Brazil on 24 August 2026, covering about US$10.9 billion in unsecured debt. Credito…
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Mexico Investment Surges to Record but Debt Warning Looms
Mexico investment reached a record US$34.968 billion in foreign direct investment in the first half of 2026. Yet the business lobb…
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Foreigners Are Just 5.6% of Nigeria’s Record Stock Rally
The Nigerian index is up more than 53% this year and foreign money accounted for 5.6% of July trading, the lowest share of 2026. L…
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Niger Reopened Its Budget, and the Army Is One of Seven Reasons
Niamey has amended its own finance ordinance eight months into the year, adding about US$104 million and pointing the money at the…
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Tunisians Hold More Cash Than the Central Bank’s Net Assets
Banknotes and coin outside the Tunisian banking system passed 30 billion dinars in August, and the pile is now bigger than the cen…
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Mozambique Halved the Card Limit Abroad and Made It Permanent
The annual ceiling on foreign spending with a Mozambican card is now three million meticais, about US$47,000, and it catches resid…
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Venezuela Claims Oil Production Hits Highest Since 2019
Venezuela's interim government says oil production has reached about 1.23 million barrels per day, the highest since February 2019…
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LatAm Pre-Open — Tuesday, August 25, 2026
LATAM pre-open: soft US futures and steady oil frame a selective open across Brazil, Mexico, Chile and Argentina. Real, Selic and …
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Angola’s Deficit More Than Quadrupled While Oil Prices Were Rising
Luanda’s own finance ministry table shows the half-year deficit up 326%. It happened in a half-year when Brent averaged 27% more t…
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MTN Is Growing Fast in Nigeria and Ghana, and Barely at All at Home
Africa’s largest mobile operator lifted adjusted earnings 21.3% and moved US$330.5 billion through its fintech arm. Its Sout…
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Brazil’s Financial Morning Call for Tuesday, August 25, 2026
Copom Bets and Sabesp Spotlight Set B3 Open: pre-market setup for the Ibovespa and USD/BRL, today's FGV data, and the Selic wager.…
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Oil Falls on Hormuz Freight Risk; Petrobras Slides
USO eased 1.8% as Iran blacklisted 45 tankers and Houthis hit a Saudi ship in the Red Sea. Petrobras fell 2.87%; Guyana, Mexico an…
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Iron Ore Flat Monday as China Restocking Defies Steel Slump
Iron ore settled near US$95 a tonne on Monday, August 24, 2026. China's port restocking supported Vale ADRs, but softer steel outp…
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Zinc Steadies as LatAm Proxies Slip: Nexa, Buenaventura
Zinc held firm near US$3,828 a tonne on Monday as falling LME stocks offset softness in Latin American miner shares Nexa and Buena…
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Latin America Steel Wrap: CSN Jumps, Ternium Slips
CSN's US shares rallied 5.10% while Ternium slipped 0.61%. Cheap Chinese imports still squeeze margins, but Mexican nearshoring de…
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Corn Surges, Soy Slips as Yield Fears Hit Grains
Corn led grains higher Monday as the Pro Farmer tour slashed US yield estimates, while soybeans fell on profit-taking and wheat fi…