Emerging Markets
Latin America, Africa and the Middle East: the currencies, commodities and companies of the emerging world.
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Chile’s Long-Term Borrowing Costs Hit an 18-Month High as Growth Stalls
Chile's long-term interest rate swaps reached an 18-month high, the highest since February 2025. The Finance Ministry wants Chile …
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Argentina’s Central Bank Reserves Reach a Record US$50.655 Billion
Argentina's central bank posted record gross reserves of US$50.655 billion on August 21, 2026. The gain came partly from gold reva…
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Mexico’s Economy Grew 1.4% in Q2, Inflation Stays in Target
Mexico's economy grew 1.4% in the second quarter of 2026. Inflation remains within the central bank's target, but services costs a…
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Brazil’s Braskem Files For Extrajudicial Recovery On US$10.9 Billion Debt
Braskem, a major Brazilian petrochemical company, has filed for extrajudicial recovery to restructure roughly US$10.9 billion in f…
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Paraguay Waterway Toll Fight Reopens Over Argentine Charge
Paraguay's shipping sector is reviving efforts to reduce the impact of Argentina's toll on the Paraguay-Paraná waterway, a charge …
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Peru Agrarian Law Repeal Bill Targets Agro-Export Tax Cut
A new bill seeks to repeal Peru's 'Chlimper 2.0' tax break for large agro-exporters. Labour rights are not affected. The post Peru…
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Barbados Customs Revenue Loss Tops US$1.5 Billion
Barbados customs revenue losses exceeded US$1.5 billion from 2023 to July 2026, according to the Customs department. The figure in…
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Bukele Announces 50,000 El Salvador Scholarships for 2026
President Bukele announced 50,000 El Salvador scholarships for 2026, a major expansion from previous rounds. The scholarships cove…
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Panama Prison Tender Draws Two Bids Above US$177 Million
Panama's prison tender for the Central Provinces Complex at Divisa saw two bids, both above the US$177.2 million reference price. …
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Venezuela’s PDVSA Oil Revenue Rose 89% in Seven Months
PDVSA billed US$15.9 billion in the first seven months of 2026, up 89% from a year earlier. The US holds more than half, while Ind…
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Chile Copper Production Is Stuck at Its 2004 Level
Chile copper production has not grown since 2004, with output slightly lower in 2025. A separate court ruling left tax invariabili…
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Brazil’s Lula on Lulinha Investigation: No One Above the Law
President Lula addressed the Lulinha investigation in a Record TV interview, saying no one is above the law. He urged his son to p…
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Keep Colombia Wealth Tax for Quake Rebuild, Ocampo Says
José Antonio Ocampo urges keeping Colombia wealth tax to fund earthquake reconstruction, calling it the most progressive tax. The …
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Fonatur Nayarit Resort Is Mexico’s First in Twenty Years
Mexico's Fonatur is building its first new tourism development in twenty years: the Centro Turístico Sustentable Compostela in Nay…
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Mexico Diesel Subsidy Hits Its Largest Level of 2026
Mexico diesel subsidy reaches its largest level of 2026, waiving 6.08 pesos (US$0.36) per litre. Meanwhile, the energy ministry po…
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Mexican Stocks Rally to Best Session in Ten Weeks
Mexican stocks rally marked their best session since June, with both exchanges posting strong gains. The benchmark index left corr…
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Argentine Household Debt Pays for Food, Not Luxuries
Argentine household debt is driven by falling purchasing power, forcing families to borrow for basics like food and medicine. Data…
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Argentina Trade Surplus Reaches US$2.1 Billion in July
Argentina's trade surplus reached US$2.1 billion in July, with exports up and imports down. A separate Mercosur-Singapore deal adv…
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Mexican Stocks Post Their Best Day Since June
The IPC rose 2.14% on Friday, its biggest gain since June, as diesel tax relief hit a 2026 high and the government ran half a tril…
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Karol G Donation Hits US$1.2 Million at Bogotá Concert
Karol G donated US$1.2 million at a Bogotá benefit concert, announced live. The event raised funds for earthquake victims, with pr…
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Coal and Gold Lift Colombia Mining Output as Crude Slows
Colombia mining output rebounded in Q2 2026, with coal and gold leading. Crude oil production fell, but mining and quarrying grew …
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Argentina Now Sells More Oil Than Soybean Meal
Crude became Argentina's largest single export in July, reversing a century-old profile. At home, the argument is about whether pe…
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Colombia Argues Over Taxes While It Digs Out
Two weeks after a magnitude 7.4 earthquake, Colombia's reconstruction bill is colliding with a president elected to cut taxes. The…
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Lula Praises Trump Call as Brazil US Tariff Talks Resume
President Lula praised his call with Trump as civilised and respectful, while criticizing the 'second echelon' of advisers. Brazil…