Emerging Markets
Latin America, Africa and the Middle East: the currencies, commodities and companies of the emerging world.
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Peru Declares School Infrastructure Emergency With 31,000 Schools at Risk of Collapse
Peru declared its public school infrastructure in emergency on 27 August 2026. Around 31,000 schools risk collapse; the repair gap…
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Paraguay’s Sustainable Industry Demands Urgent Central Bank Action Over the Dollar Fall
Paraguay's sustainable-industry chamber Cispy demanded urgent central-bank action on 27 August 2026 as the dollar fell to seven-ye…
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Peru F-16 Deal: Lockheed Martin Unveils US$1.8 Billion Industrial Package
Lockheed Martin announced a US$1.8 billion industrial package for Peru's F-16 Block 70 program in Lima, with drone assembly and tr…
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Honduras Sovereign Bonds Trade at Home for the First Time
Honduras's new US$815.7 million sovereign bonds due 2036 traded on the Bolsa Centroamericana de Valores for the first time on 26 A…
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Argentina Sets Oil Record as Its Export Ranking Shifts
July output hit a record and crude oil topped the single-product export table. The soy complex, however, still earns more export d…
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Congo’s 10 Percent Ownership Rule Is Due. The Decree Is Not.
The 2018 mining code requires Congolese to hold a tenth of mining company capital. The moratorium expired on 31 July and the rules…
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I&M Group Cleared Sh10 Billion (US$79m) Led by Rwanda, Uganda
Profit after tax rose 22 percent to Sh10.2 billion, but Kenya was flat and every point of growth came from the regional subsidiari…
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Nigeria Is Back in the FTSE Frontier Index, Three Years On
FTSE Russell will restore Nigeria to its frontier indices on 21 September, after judging that the settlement cycle now works for f…
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Sudan Let Banks Set Dollar Rates and the Pound Hit a Record Low
The Sudanese pound touched 6,400 to the dollar on the parallel market after the central bank let commercial lenders set their own …
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El Salvador Growth Forecast of 4.5 Percent Tops Official Estimates
El Salvador's industrialists forecast 4.5% growth for 2026, above IMF and ECLAC estimates, as employers push flexible working hour…
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South Africa’s Defence Force Cannot Cover Its Own Wage Bill
Angie Motshekga told the National Council of Provinces that a salary shortfall of R3.3 billion could push the defence department t…
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Colombia’s Governors Close Ranks Behind Rodríguez Yee as the Ecopetrol Board Fight Escalates
Six oil-producing governors ratified Ricardo Rodríguez Yee for the Ecopetrol board as the new government prepares an assembly to r…
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Colombia’s Earthquake Reconstruction Turns to 8 Percent Mortgages and Frozen Student Loans
BBVA joined the banks offering 8 percent mortgages in Colombia's earthquake zone, Icetex froze student loans for 44,411 borrowers,…
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Costa Rica Broadcast Fee Bill Advances Despite Press Freedom Warnings
Costa Rica approved Bill 24,461 in first debate: a spectrum fee of up to 7.73% of TV revenue that the IAPA and CPJ say could force…
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Colombia’s Development Plan Becomes the Tool to Slim the State
The finance ministry says it wants to shrink the bureaucracy. The four-year planning law is the vehicle it has chosen. The post Co…
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Argentina and Chile Press Their Cross-Border Mining Treaty at Santiago Summit
Chile convened a regional mining summit in Santiago and used it to advance its 1997 mining treaty with Argentina, a framework it s…
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Reports Put 17 Venezuela Oil Fields on the Table in US Talks
Reports say the United States seeks long-term rights over 17 Venezuela oil fields, with one outlet citing a 100-year lease. Neithe…
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Venezuela Weighs Leaving OPEC, the Group It Helped Found in 1960
Bloomberg says Venezuela is examining plans to quit the oil producers' group it helped found in 1960. No decision has been taken, …
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Chile Stocks Rebound While the Peso Slips Again
Chile's IPSA fell as a firm dollar pushed the peso weaker. Banks and retailers led the decline in a session marked by soft heavywe…
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Argentina’s Merval Slips as Bank Stocks Retreat
Argentina's Merval fell 0.79% to 3,001,209 on Thursday, pulled lower by banks, while the peso firmed slightly to 1,512 per dollar.…
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Mexico Stocks Dip as Central Bank Raises Growth Outlook
Mexico's S&P/BMV IPC closed at 66,091, down 0.15%, while the peso softened to 16.98 per dollar. The post Mexico Stocks Dip as…
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Brazil Markets Rise as Court Halts Oil Export Tax
Brazil stocks rose 0.31% as Petrobras added 3.0% on export-tax relief, and the real weakened slightly to 5.1618 per US dollar. The…
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Six Million Somalis Are Short of Food, and WFP Reaches One in Ten
The agency told the Security Council it has a tenth of the resources it had in 2022. The arithmetic of who gets fed follows from t…
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Libya Is Selling Europe Gas It Currently Cannot Export
Tripoli wants a billion cubic feet a day and a route to Italy. Its actual pipeline flows last year were the lowest in 22 years, an…