Emerging Markets
Latin America, Africa and the Middle East: the currencies, commodities and companies of the emerging world.
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Walmart de Mexico Freezes Prices on 4,000 Products for 90 Days
Walmart de Mexico has announced a 90-day price freeze on more than 4,000 essential items, covering Walmart and Bodega Aurrera stor…
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Brazil Online Betting Took About US$12 Billion Net From Households in 2025
Brazil online betting net losses hit US$12 billion in 2025. State finance secretaries report the figure, and new regulations aim t…
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Guyana Oil Take From Stabroek Jumps to 39.8% as Exxon Recovers Its Costs
Guyana's share of Stabroek crude has risen to 39.8% from 12.5% after the consortium recovered its costs. This boosts state revenue…
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Southern Copper Lines Up US$8.2 Billion of Peru Projects Through 2033
Southern Copper is investing US$8.2 billion in four Peru projects through 2033, aiming to boost copper output to 1.6 million tonne…
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Peru Government Programme Puts Prisons and the Armed Forces at the Centre
Peru government programme, set out by Prime Minister Galarreta, leans on prisons and the armed forces. It also proposes simpler bu…
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One Miner Plans to Spend US$8.2 Billion in Peru. A Mudslide Has Arequipa Cut Off
Peru · MINING Key Facts —The pipeline Southern Copper’s four main Peru projects come to about US$8.2 billion by 2…
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Peru’s Galarreta Sets Out Security and Tax Plan
Peru · POLITICS Key Facts —The date Prime Minister Luis Galarreta presented the 2026–2031 general government policy to the Chamber…
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Two Private Equity Firms Want Amil. The Gap Is US$385 Million and the Hospitals Are Getting Nervous
Brazil · BUSINESS Key Facts —Who is buying Advent International and Bain Capital. Not UnitedHealth — the American…
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ANEEL Decides Next Week on Enel’s São Paulo Grid
Brazil · ENERGY Key Facts —The date ANEEL’s board is scheduled to take up Enel São Paulo’s petition on 25 August. The …
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Argentina Reserves Top US$50 Billion as the Central Bank Keeps Buying Dollars
Argentina's central bank bought dollars for 16 straight days, pushing gross reserves above US$50 billion for the first time in sev…
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Buenos Aires Digital Wallets Face a Provincial Inquiry Into Their Lending
Buenos Aires digital wallets are under investigation for lending practices, with six companies named and potential fines up to US$…
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Mexico Gasoline Price Deal Is Extended for Another Six Months
Mexico's government and its fuel retailers extended the price deal for another six months. Regular gasoline stays below 24 pesos a…
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Caixa Home Loans Now Count Uber and iFood Earnings as Formal Income
Caixa Economica Federal now counts ride-hailing and delivery app earnings as formal income for mortgages, opening homeownership to…
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Brazil Election Security Plan Brings In the Federal Police, Abin and the Armed Forces
The TSE created two bodies to coordinate election security. They bring together the Federal Police, Abin and the Armed Forces. The…
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A US Court Told the Government Its Aeroméxico Ruling Was Arbitrary. The Alliance Survives
Mexico · BUSINESS Key Facts —The ruling On 20 August the US Court of Appeals for the Eleventh Circuit vacated the Depar…
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Chile’s Anonymous Prepaid Lines Are Over. What Happens If You Don’t Register Is Not What You Think
Chile · TECHNOLOGY Key Facts —The law Ley 21.729, published in the Diario Oficial in February 2025, took effect on 20 A…
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Colombia Reconstruction Will Follow the 1999 Armenia Model, the Government Says
The government plans to follow the 1999 Armenia model for Colombia reconstruction, using the FOREC fund as a blueprint. A new wage…
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Colombia Economy Grew 3.5% in the Second Quarter, Led by Public Spending
Colombia's economy grew 3.5% in the second quarter of 2026, driven by public administration. Inflation remains high at 6.03%, with…
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Zimbabwe’s Mining Exports Doubled. Its Reserves Still Cover 1.7 Months of Imports
The Reserve Bank of Zimbabwe reports mining export earnings up 121% in the first half of 2026, while usable reserves at end-July c…
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Colombia Tariff Relief Request Goes to Washington After the Earthquake
Colombia has formally asked Washington to temporarily suspend new US tariffs after the August earthquake. The request targets the …
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Equinor Buys Into a Namibian Block With a Prospect Ready to Drill
Equinor is taking 17.4% of PEL 90 in Namibia's Orange Basin from a Chevron subsidiary, joining QatarEnergy and the state oil compa…
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Colombia Labour Rules From the Petro Era Are Scrapped, and Unions Are Angry
Colombia's labour ministry repealed 11 circulars from the Petro era, but the 2025 reform law remains. Unions are angry, while busi…
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Nigeria’s Biggest Banks Cannot Publish Their Half-Year Accounts Yet
GTCO, Zenith and Access have all pushed back their audited half-year results into the fourth quarter, each citing regulatory appro…
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Libya Ties a Company’s Access to Dollars to the Tax It Has Actually Paid
Tripoli's economy ministry has set a company's annual foreign-currency ceiling at 30 times its average income tax plus 10 times it…