Emerging Markets

Where Did Venezuela’s Oil Money Go? Lawmakers Want an Audit

Venezuela · Politics Key Facts Audit demand Venezuelan opposition figures and US lawmakers are pushing for an independent Gov…

Venezuela grid tested as power demand hits eight-year peak

Venezuela's electricity demand surged to an eight-year high, offering a rare positive signal for economic growth while exposing th…

Brazil Raises Mandatory Ethanol Blend in Gasoline to 32% in Temporary Move

Brazil's CNPE approved a temporary 32% ethanol blend in gasoline, effective August 1, 2026, aiming to cut imports and support dome…

Movida Q2 profit doubles on pricing power as shares slip

The Brazilian car rental company posted its best quarterly earnings in four years by maximizing fleet utilization, though a cautio…

Itaúsa quarterly profit climbs seven percent driven by banking unit

The Brazilian holding company posted a seven percent rise in recurring net income, underscoring how robust cash generation from it…

Caixa Seguridade posts record ROE with 92% payout

Caixa Seguridade reported a 9.5% rise in second-quarter profit and a record return on equity, but its shares slipped as investors …

Banco BV Q2 Profit Rises to R$491m on Record Credit Growth

Banco BV's recurring net income rose 6.8% year-on-year to R$491 million in the second quarter, driven by a record credit portfolio…

Magazine Luiza swings to second-quarter loss on e-commerce slump

The Brazilian retailer reported a second-quarter adjusted net loss as it deliberately sacrificed online market share to protect ma…

Cury Profit Beats Q2 Estimates on Mid-Income Housing Demand

Cury Construtora reported a better-than-expected second quarter, posting a 14.3% jump in net profit and announcing a generous inte…

PagBank Q2 net income edges up 1.9% as loan delinquency climbs to 3.4%

PagBank reported a 1.9% increase in second-quarter recurring net income, but its shares declined as a 30.7% surge in its credit po…

Copa Profit Slides 54% on Fuel Costs Despite Revenue Jump

Copa Holdings' second-quarter net profit fell to $68.2 million as a 110% spike in fuel expenses offset a 26% jump in revenue, high…

Mexico Lost 4.9 Million Mobile Lines as a Registration Cleanup Bites

Mexico · Telecom Key Facts Line loss Mexico lost 4.9 million active mobile lines in the first half of 2026, falling from 162 …

Asia Overtakes the Americas as Mexico’s Top Source of Imports

Mexico · Trade Key Facts Asia leads Mexico’s imports from Asia hit US$155.226bn in Jan–May 2026, up 42.55% year o…

Venezuela 2026 GDP growth consensus masks wide split in inflation forecasts

Major institutions project Venezuela's economy will expand by roughly 6 percent next year, but a massive divergence in inflation f…

US Recalls 29,628 Pounds of Argentine Beef Over Missed Inspection

A procedural lapse that allowed 29,628 pounds of Argentine beef to bypass mandatory US safety inspections highlights the regulator…

Multiplan sells R$250m mall stake as Vinci Compass adds Navis platform

Two Brazilian transactions and a string of regulatory and governance setbacks this week highlight how a 14% Selic is reshaping cor…

B3 and PagBank drive Brazil earnings as high rates squeeze retailers

A wave of second-quarter results from Brazil highlights a sharp divergence, with capital markets and digital banking thriving unde…

Colombia readies economic emergency and $450M World Bank loan after quake

Colombia is preparing an economic emergency declaration and activating a $450 million World Bank credit line to fund reconstructio…

Gold slips, silver drops as dollar rebound hits LatAm miners

A dollar surge triggered by Strait of Hormuz oil fears erased gold's early safe-haven gains and punished silver, pressuring Latin …

African corporates accelerate cross-border acquisitions to drive scale

Major African companies are increasingly relying on mergers and acquisitions rather than organic expansion to navigate fragmented …

Brazil’s Financial Morning Call for Wednesday, August 12, 2026

Brazil's Ibovespa futures point to a cautious open as traders watch services-sector data and recalibrate Copom wagers. The post Br…

Peru Raises 2026 Growth Outlook to 3.5%; Minister Cites Possible 4%

Peru’s MEF raised its 2026 growth outlook to 3.5%, with the economy minister citing potential for 4%, while reiterating five-year …

The Rio Times · 11 Aug 2026 · Brazil

Analysts Split on Venezuela 2026 Growth Outlook as Data Points Diverge

Venezuela 2026 growth forecasts diverge sharply among economists, with estimates ranging from 2% to 9% after mixed first-half data…

The Rio Times · 11 Aug 2026 · Brazil