Emerging Markets
Latin America, Africa and the Middle East: the currencies, commodities and companies of the emerging world.
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Moody’s Cuts Aegea Deeper Into Junk as US$7 Billion Debt and Accounting Delays Mount
Moody's downgraded Aegea two notches to B2, blaming delayed 2025 accounts and governance concerns, and kept the water group on rev…
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Ânima Profit Triples to US$5.6 Million in Q2 2026 on Fatter Margins
Brazilian education group Ânima said reported profit more than tripled to R$29.1 million in Q2 2026, but the jump leans on a weak …
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Allos Sells 60% São Bernardo Mall Stake for US$64 Million
Allos will sell its 60% stake in São Bernardo Plaza Shopping to XP Malls for R$331.1 million, about US$64 million, in an asset-rec…
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Yduqs Profit Drops 54% in Q2 2026 as New Rules Hit Distance Learning
Brazilian education group Yduqs saw adjusted profit drop 54% in Q2 2026 as new rules thinned its online student base, but on-campu…
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LWSA Q2 Profit Leaps 117% to US$6.6 Million as Commerce Drives Growth
LWSA, Brazil's Locaweb, lifted Q2 2026 net profit 117% to R$34.3 million, though the jump rests on a small year-ago base as margin…
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M. Dias Branco Profit Falls 22% to US$33 Million as Costs Squeeze Margins
Brazil's M. Dias Branco reported a 22% drop in second-quarter 2026 profit to R$168.9 million (about US$33 million), as thinner mar…
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Light Posts a US$49 Million Loss Even as Its Earnings Jump 82%
Rio de Janeiro utility Light reported a US$49 million quarterly loss, but operating earnings jumped 82% as one-off tax charges mas…
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Grupo Argos Preferred Share Joins MSCI Small Cap Index After 14% August Climb
MSCI added the Grupo Argos preferred share to its Colombia small-cap index on 12 August 2026, giving the conglomerate fresh global…
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Grupo Energía Bogotá Profit Climbs 15% as Q2 Revenue Dips 11%
GEB's second-quarter revenue slipped about 11%, but net profit rose 15% as dividends from affiliates like Enel Colombia and a stro…
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Milei’s Reform Package Heads to Congress as Argentina Lifts Its Dollar Ceiling
Milei is sending a central-bank charter reform and a balanced-budget rule to Congress, while Argentina's dollar band ceiling keeps…
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Brazil Approves R$13 Billion State Credit Deal, US$1 Billion for São Paulo
Brazil's Treasury approved roughly R$13 billion in new state credit, including R$5.4 billion for São Paulo, resolving a loan fight…
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Panama Opens Its Market to Argentine Lemons from Tucumán
Panama has approved imports of Argentine lemons, oranges and grapefruit, handing Tucumán's citrus growers a new market beyond thei…
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Markets Price a 37% Chance of a 2028 US Copper Tariff on Chile
Societe Generale reads a roughly 37% market-implied chance of a 30% US tariff on refined copper by 2028. For Chile, the world's to…
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Colombia Earthquake Reconstruction Faces a Funding Gap as the Toll Hits 281
The death toll from Colombia's 10 August earthquake reached 281 as the government confronts a reconstruction bill near US$6.35 bil…
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Brazil’s Central Bank Liquidates Simpala, a Finance Group Holding US$129 Million in Deposits
Brazil's Central Bank has ordered the liquidation of the Simpala finance group and its roughly R$669 million in deposits, the late…
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Brazil’s 2027 Minimum Wage Set at US$334 a Month in New Budget Bill
Brazil's government proposed a 2027 minimum wage of R$1,741, a 7.4% rise, inside its new budget bill. The figure drives federal sp…
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USA & Canada Intelligence Brief August 14, 2026: The Spending Cracked
Rio Times · USA & Canada Intelligence Brief August 14 Key Facts — Spending fell American retail sales dropped 0.6% in July fr…
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Petz Cobasi Q2 2026 Profit Rises 8.4% to R$70 Million
Brazil · Retail Key Facts The result Petz Cobasi’s adjusted profit rose to R$70.3 million (about US$13.6 million) in th…
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Cyrela Q2 2026 Profit Rises 16% to R$452 Million as Margins Hold
Brazil · Real Estate Key Facts The result Cyrela earned R$452 million (about US$88 million) in the second quarter of 2026. Th…
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Banco do Brasil Q2 2026 Profit Climbs to R$3.9 Billion, Tops Forecasts
Brazil · Banking Key Facts The result Banco do Brasil earned R$3.9 billion (about US$760 million) in the second quarter of 20…
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Petroperú Names Luis Suárez Carlo Its New General Manager
Peru's troubled state oil company Petroperú has named engineer Luis Alberto Suárez Carlo as its acting general manager, the third …
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Peru Court Archives Criminal-Association Charge Against Nadine Heredia
Peru's judiciary has archived the criminal-association charge against former first lady Nadine Heredia in the Gasoducto Sur Peruan…
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Egypt Opens Its Market to Peruvian Blueberries
Egypt has opened its market to fresh Peruvian blueberries, a phytosanitary access negotiated by Peru's SENASA that lifts the world…
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Peru Names César Luna-Victoria as SUNAT’s New Chief
Peru has named veteran tax lawyer César Luna-Victoria León as the new chief of SUNAT, the national tax and customs authority, days…