Emerging Markets
Latin America, Africa and the Middle East: the currencies, commodities and companies of the emerging world.
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Operation Saturno Takes Banco Master to Brazil’s Top Court
Operation Saturno, a São Paulo police investigation into drug trafficking and money laundering, has reached Brazil's Supreme Feder…
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Brazil Power Surplus Forces Second Emergency Grid Cut
Brazil's grid operator ordered a second emergency cut in distributed generation on 23 August 2026 to manage a power surplus. The p…
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Lula to Announce End of Brazil’s Blusinhas Tax Wednesday
President Lula is due to announce the end of the blusinhas tax on Wednesday, confirming a suspension already in force since May. T…
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Dino Voids Brazil Budget Amendments Named by Party Chiefs
Justice Flávio Dino voided budget amendments directed by party presidents without a seat in Congress, leaving sitting lawmakers' a…
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Nigeria Opens Central Bank Bills to Small Savers
Nigeria's central bank reopened its bill auctions to ordinary savers at about 20%. The Lagos stock market has fallen for nine stra…
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Nigeria’s Power Grid Fell to 1,132 Megawatts
Nigerian electricity generation collapsed to 1,132 megawatts on Saturday night. Distributors began load shedding and no official e…
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Kenya’s Cost of Running Government Hits a Record
Kenya spent KSh1.317 trillion, about US$10.2 billion, just running the government last year. The jump was the largest on Treasury …
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Kenya Gives Investigators 60 Days on Fuel Case
Kenya's Senate has given investigators 60 days to report on emergency petrol imports bought at three and a half times the usual pr…
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ANC Campaigns on Power and Water It Has Not Fixed
South Africa votes on 4 November. The governing party is running on services it has not delivered, while municipalities owe Eskom …
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South Africa Has Wind But No Wires to Carry It
South Africa's gazetted energy plan needs 14,500 km of new power lines and R2.2 trillion, about US$137 billion, of investment by 2…
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Mogadishu Demolished a Neighbourhood at Midnight
Somali forces began tearing down homes in Mogadishu's Tookiyo neighbourhood after midnight. Nearly ten people were hurt and the le…
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Egypt Lets You Open a Bank Account Online
Egypt's central bank has issued rules for opening a bank account remotely, without visiting a branch. Here is what the new framewo…
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Bitcoin at $77,755: Crypto Rally Meets Latin America
Bitcoin closed at US$77,755 on August 23 after a debt-policy and short-squeeze rally. XRP led majors at +3.99%, while stablecoins …
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Copper Rallies: Chile, Peru Miners Lead Friday Surge
Copper futures tracker CPER gained 1.63% to US$39.99 on Friday as weaker dollar and China stimulus hopes lifted Chile and Peru pro…
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Lithium Surges as GFEX Futures Jump 4.12%
Lithium equities rallied Friday as China's GFEX contract gained 4.12% and spot benchmarks firmed. Albemarle led with a 6.75% jump;…
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Vale Shares Jump as China Iron Ore Restocking Holds
Vale rose 2.53% on Friday as Chinese mills kept restocking iron ore despite weak steel margins. CSN Mineração and Rio Tinto also g…
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Zinc: Nexa Jumps 9.45% Amid Four-year Supply Peak
LME zinc hit its strongest level since mid-2022 as warehouse stocks shrank. Nexa Resources closed 9.45% higher, Buenaventura 3.83%…
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Latin American Steel Wrap: Brazil, Mexico Moves
CSN ADR jumps 10.11% while Gerdau ADR is flat and Ternium climbs 2.29%. Brazil's tariff shield and China's cheap imports frame the…
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Oil Wrap: WTI Proxy Steady as LatAm Supply Shifts
USO held near US$134.64 Friday as Hormuz risk met Iraq supply talk. Petrobras rose 0.74%, YPF 0.51%; Guyana cost recovery and Peme…
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Brazil’s Financial Morning Call for Monday, August 24, 2026
Copom bets and Ultrapar's ex-dividend setup shape Brazil's B3 open. Get the pre-market levels, Selic wager, and today's B3 radar. …
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LatAm Pre-Open — Monday, August 24, 2026
Latam pre-open: gold's surge and a mixed Asia tape set the tone. Brazil's real firmed, Mexico CPI looms, and regional flows stay s…
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Guyana’s Oil Output Fell for Four Months. The Fix Just Arrived
Energy: Guyana Key Facts —What happened. Guyana’s oil output fell four months running, from 918,000 barrels a day in F…
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Brazil Cut Income Tax and Taxed Dividends: What Expats Owe
Expats: Brazil Key Facts —What changed. From January 2026 Brazil zeroes the income tax on monthly earnings up to R$5,000 (US…
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Brazil’s New Sales Taxes Are Now in Every Invoice
Tax: Brazil Key Facts —What happened. Brazil’s new consumption taxes went live in every goods invoice on 3 August 2026…