Emerging Markets

Argentina’s Top Court Curbs Milei’s Power to Rule by Decree

Argentina · Politics Key Facts The ruling: Argentina’s Supreme Court set clear limits on how a president can use emerge…

Peru Pays US$462 Million for 12 F-16 Jets, Then Freezes the Deal

Peru agreed to buy 12 F-16 Block 70 fighter jets and paid a US$462 million first installment, before an interim president froze th…

Peru Rolls Out Fuel Subsidy of Up to 20% to Calm Transport Strikes

Peru announced a targeted fuel subsidy of 15% to 20% for transport operators after strikes over diesel prices choked the Amazon re…

PDVSA Refining Runs at a Third of Capacity Even as Venezuela’s Crude Output Recovers

Venezuela's PDVSA refines only about a third of its capacity, near 399,000 bpd, even as crude output recovers to its highest since…

Plan México Tops US$3.5 Billion in Newly Authorized Investment

Mexico says Plan México has cleared more than US$3.5 billion in authorized investment since May, as a new fast-track approval chan…

Caiado Declares US$10 Million Fortune as He Registers 2026 Presidential Bid

Former Goiás governor Ronaldo Caiado registered his 2026 presidential run, declaring roughly US$10.1 million in assets and pledgin…

Brazil’s Evangelical Caucus Blocks 2027 Budget Bill to Force Veto Overrides

Brazil's evangelical bloc is stalling the 2027 budget-guidelines bill to force a stack of Lula's vetoes to a vote, testing a tight…

Oncoclínicas Q2 Loss More Than Triples to US$91 Million

Brazil's largest cancer-care group, Oncoclínicas, saw its Q2 2026 net loss more than triple to R$475.7 million (about US$91 millio…

Vale and BlackRock Bid Up to US$3.5 Billion for Porto Sudeste

Owners Trafigura and Mubadala received two binding offers for Porto Sudeste, pitting a Vale-BlackRock-Gerdau group against I Squar…

Sigma Lithium Narrows Its Loss to US$2.6 Million on Record Revenue

Sigma Lithium narrowed its net loss to US$2.6 million in Q2 2026 on record revenue and margins, though a one-off idle-capacity cha…

Brazil’s 2026 Fiscal Deficit Forecast Worsens to US$11.3 Billion as the Central Bank Lines Up a US$1 Billion Dollar Auction

Market economists lifted Brazil's 2026 primary deficit forecast to R$59.1 billion (about US$11.3 billion), while the Banco Central…

Vibra Energia’s Q2 Profit Soars 705% to US$451 Million

Brazil's largest fuel distributor, Vibra Energia, saw quarterly profit jump 705% to R$2.352 billion (about US$451 million), lifted…

Cosan Quits Wall Street and Spins Off Its US$490 Million Farmland Arm

Cosan is delisting its US shares, spinning off farmland unit Radar II and reshuffling managers as the Brazilian group works to cut…

Argentina Growth Stuck Near 2%, Central Bank Chief Concedes

BCRA president Santiago Bausili said Argentina's economy has grown only about 2% a year since 2024, 'much slower than we would lik…

Ibovespa Slides for a 9th Straight Session as Citi Drops Brazil’s Real on a Likely Lula Win

Brazil's Ibovespa closed lower for a ninth straight session, its longest losing streak since 2023, as Citi pulled the real from it…

S&P Upgrades Ecuador to ‘B’, Its First Rating Lift in Six Years

S&P Global Ratings raised Ecuador's sovereign credit rating to 'B' from 'B-' with a stable outlook, its first upgrade of the …

Bolivia Country Risk Falls to 407 Points, Below Argentina and Ecuador

Bolivia's country risk fell to 407 basis points on August 13, 2026, slipping below Argentina and Ecuador as investors reward Presi…

Mexico Fertilizer Tariffs Hit Chinese Ammonium Sulfate at US$149 a Tonne

Mexico locked in a definitive anti-dumping duty on Chinese ammonium sulfate days after China hit Mexican pecans, adding to a widen…

Petrobras Finds Oil on Brazil’s Equatorial Margin, off the Amapá Coast

Petrobras confirmed hydrocarbons in the Morpho well off Amapá on 14 August 2026, its first find in the Foz do Amazonas basin, but …

Agusto & Co Withdraws Geregu Power Rating After US$29 Million Bond Default

Nigeria · FINANCE Key Facts —The default: Geregu Power Plc missed its eighth semi-annual coupon and fourth scheduled pr…

Somdia Sells SOSUCAM Stake to Cameroonian Consortium With US$243 Million Plan

Cameroon · DEALS Key Facts —The seller: Somdia, the agro-industrial arm of France’s Castel family group, is selli…

Constitutional Court Blocks Shell’s Wild Coast Offshore Exploration Plan

South Africa · ENERGY Key Facts —Court ruling: The Constitutional Court ruled on 14 August 2026 that Shell’s Wild Coast…

China Pledges US$28 Million Grant to Nigeria as Ties Deepen

Nigeria · GEOPOLITICS Key Facts —Grant amount: China will provide RMB 200 million (about US$28 million) in grant assist…

Absa Sells Two Kenyan Insurers to Mudavadi-Linked Investment Firm

Kenya · FINANCE Key Facts —Seller and stake: Absa Group Limited is selling its entire 63.32% shareholding in First Assu…