Emerging Markets
Latin America, Africa and the Middle East: the currencies, commodities and companies of the emerging world.
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Zinc Dips as Nexa Plunges 11% on Boliden Takeover
Zinc held near US$3,874 a tonne on Thursday, August 27, backing off from a midweek squeeze. Nexa Resources fell 10.78% to US$13.90…
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Lithium Stocks Jump as SQM Leads Battery-Metal Gains
The LIT lithium-miners ETF rose 1.59% to US$77.13 while Albemarle added 0.94% and Chile's SQM gained 2.75% on Thursday, August 27,…
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Fitch Keeps Brazil’s Rumo at BB+ With a Negative Outlook, and Cosan Is the Reason
BRAZIL · MARKETS Key Facts —What happened: Fitch affirmed Rumo at BB+ on 26 August, removed the negative watch, and set…
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Alibaba Cloud Opens First South American Cloud Region in Brazil
Alibaba Cloud opened its first South American cloud region in Brazil on 27 August 2026, with two AI-focused data centres in Sao Pa…
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Argentina’s Deputies Pass Inocencia Fiscal II, Senate Next
Argentina's deputies backed Inocencia Fiscal II by 139 votes to 110. The bill widens the simplified income tax regime and still ne…
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Argentina’s Investment Rate Slips to 14% of GDP as RIGI Lags
Fixed capital investment in Argentina slipped to 14.3% of GDP in the first quarter of 2026. Approved large-investment incentive pr…
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Washington to Send Chile Tariff Exemptions Plan Within Two Weeks
Chile expects a fresh United States proposal within two weeks on which goods escape the 12.5 percent charge. Wider Chile tariff ex…
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Brazil’s Caixa Profit Rises 5.9% to US$757.0 Million in Second Quarter
Caixa Economica Federal, Brazil's state-owned bank, posted a Q2 2026 recurring profit of R.9 billion (US57 million), up 5.9% in a …
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Brazil Police Postpone Banco Master Founder’s Hearing on Alleged Central Bank ‘Spies’
Federal Police were set to question Banco Master founder Daniel Vorcaro over alleged paid informants inside the Central Bank. A pr…
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Brazil’s Petrobras Redeems US$1.08 Billion in Global Bonds Early
Petrobras will redeem US.08 billion of 5.999% global bonds due 2028 ahead of schedule, christened two Buzios FPSOs with Seatrium a…
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Brazil’s Habib’s Files for Judicial Recovery as OSX Creditors Back US$1.5 Billion Plan
Habib's owner filed for judicial recovery in Brazil with R$265.2 million (US$51.5 million) of debt, while OSX creditors approved a…
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US Southern Command Chief Lands in Bogotá on Drug Fight
General Francis Donovan of the US Southern Command spent two days in Colombia with the country's new armed forces command. The tri…
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Brazil Industry Warns End of Blusinhas Tax Threatens 109,000 Jobs
Brazil's industry confederation warns ending the blusinhas tax on small imported parcels could cost 109,000 jobs in 2026, as Congr…
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Mexico Goods Exports Reach Record US$81.4 Billion as AI Assembly Drives Growth
Mexico’s merchandise exports surged to a record US$81.4 billion in July, though the growth relies heavily on computer equipment as…
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Brazil Unemployment Rate Falls to 5.3% as Jobs Hit a Record
Brazil's jobless rate fell to 5.3% in the three months through July, with employment at a record 103.3 million. XP has already tri…
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Brazil’s Votorantim Hands Nexa Control to Sweden’s Boliden
Votorantim has agreed to give up control of zinc producer Nexa Resources. It takes Boliden stock rather than cash, and keeps no di…
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Venezuela Ranks Second in US Crude Oil Imports for 18 Straight Weeks
Venezuelan crude oil has ranked second among US suppliers for 18 straight weeks. The volumes, the buyers and the licences behind t…
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Argentina Debt Relief Bills Blocked in Chamber of Deputies
Argentine deputies fell short of the majority needed to debate household debt bills on August 26. Industry then warned that 12 per…
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Brazil’s current account deficit widens to US$8.11 billion in July
Brazil's current account deficit widened to US$8.11 billion in July, more than forecast. The central bank also sold US$1 billion s…
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Mumuzinho Tops Belo Horizonte’s Weekend With a Downtown Samba Night
Mumuzinho headlines Belo Horizonte's weekend at Espaço Popular on August 28, leading a cultural agenda that includes Chico Lobo an…
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U.S. Embassy in Costa Rica Says Tourist Visa Appointments Continue Unchanged
The U.S. Embassy in San José clarified that tourist and business visa appointments are unaffected by the worldwide pause on immigr…
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Colombia’s Restaurant Scene Widens Its Footprint on 50 Best Discovery
Colombia counts 22 restaurants on 50 Best Discovery, with chef Catalina Vélez's Domingo in Cali among the newest additions to the …
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Mexico City’s Medieval Festival Expo Fills a September Weekend in La Condesa
The Expo Festival Medieval returns to Mexico City on September 26–27 at the Hotel Andaz in La Condesa, with jousting, markets, wor…
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Panama Ranks First Worldwide for Expats as New Research Backs Moving Now
Panama tops the InterNations Expat Insider 2026 ranking of 31 destinations, leading on working abroad and personal finance, as new…