Emerging Markets
Latin America, Africa and the Middle East: the currencies, commodities and companies of the emerging world.
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BHP Bets Big on Chile Copper: US$14.7bn Plan
BHP is spending up to US$14.7 billion on its Chilean copper mines. It is the company's largest investment cycle ever, and it signa…
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C&A Brazil Beats on Profit But Revenue Misses in Q2
C&A's second-quarter results were mixed: adjusted profit hit a record, but revenue missed. Same-store sales grew 4.1%, and gr…
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JSL Q2 Profit Rises as Brazil’s Trucking Boom Rolls On
JSL, Brazil's biggest trucking firm, posted steady Q2 2026 results: revenue of R$ 2.37 billion (US$ 464 million) and net profit of…
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Ceará Tariffs: State Faces 37.5% US Duties
New US tariffs hit 96% of Ceará's exports to America, with industrial goods facing 37.5% duties. Honey and cashews escape, but sho…
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Concha y Toro Profit Rises 2.1% Despite Sales Dip in Q2
Chile's Concha y Toro lifted Q2 2026 profit by 2.1% despite lower sales. World Cup demand for Casillero del Diablo and Bonterra of…
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Argentina Chile Border: Andes Pass Reopens After 25-Day Storm Ordeal
The main Andes crossing between Argentina and Chile reopened after a 25-day snow shutdown, clearing a huge truck backlog but leavi…
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Mexico Foreign Investment Hits Record US$23.6bn in Q1
Mexico attracted a record US$23.591 billion in foreign direct investment in Q1 2026, up 10.4% on a year earlier. Reinvested profit…
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Mallplaza Colombia Deal Adds Eight Malls for US$376M
Mallplaza agreed to buy eight Gran Plaza malls in Colombia from Pactia for US$376 million, adding 180,000 m² of space and lifting …
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Marcopolo Profit Falls 15.5% as Margins Weaken, Shares Tumble
Marcopolo posted Q2 2026 net profit of R$271.2 million (US$53.1 million), down 15.5% year on year. Investors sold off shares as ma…
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Porto Seguro Posts Record Profit, Eyeing Brazil Expansion
Porto Seguro posted a record quarterly profit of R$888.6 million, driven by strong insurance revenue. But rising credit risk in it…
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Raia Drogasil Sales Surge 18.3% But Profit Lags at 7.4%
Raia Drogasil's second-quarter revenue jumped 18.3%, but profit growth lagged at just 7.4%. Digital sales surged 55%, yet rising c…
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GPA Loss Widens As Restructuring Disrupts Stores
GPA's net loss widened 16.2% to R$252m in Q2 2026. Restructuring disrupted supply, but core operating earnings rose 7.3%. The fina…
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LATAM Airlines Profit Dips As Fuel Costs Nearly Double
LATAM Airlines posted US$125 million in Q2 net income, down sharply from a year earlier, as fuel costs nearly doubled. Revenue sur…
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Mexico Remittances Top US$5.47 Billion in June, Extending Streak
Mexico remittances topped US$5 billion again in June 2026, hitting US$5,471.8 million, up 4.2% from a year earlier. That marks fiv…
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Paraguay Bitcoin Boom Draws Global Miners to Cheap Hydro Power
Paraguay has become a global bitcoin mining hub, powered by cheap Itaipú hydro electricity. Local experts rank it fourth worldwide…
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Uruguay Green Hydrogen: US$6B HIF Project Hangs in Balance
HIF Global's US$6 billion green hydrogen project in Uruguay is at risk. The government warns of a shift to Paraguay over an electr…
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Bahamas Tourism Boom Hits Record 6.1 Million Visitors
The Bahamas is on a record tourism run, with 6.1 million visitors in just five months. Cruise ships lead the surge, reshaping the …
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Mar Asset Breaks With Consensus: Lula Not 2026 Favorite
Mar Asset says Lula's approval has a low, rigid ceiling that makes reelection unlikely, putting the firm against the Faria Lima co…
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Manaus Industrial Hub Hits US$23.8bn in Half-Year Sales
The Manaus industrial hub grew nearly 10% in revenue to R$121.8 billion (US$23.8 billion) in the first half of 2026, keeping 130,9…
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Bradesco Saúde Profit Up 24.8%, Shares Slump on Claims
Bradesco Saúde's Q2 profit soared 24.8% to R$1.1B, yet shares fell 11.56% as claims costs hit 83.8% of premiums. Here's what inves…
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Riachuelo Posts Record Profit as Strategy Pays Off
Riachuelo's record second-quarter profit of R$ 167.9 million shows a retailer successfully shifting from price competition to prem…
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Paraná Leads Brazil in Early 2026 Investment Push
Paraná added R$2.329 billion in liquidated investments in early 2026, leading Brazil, with agribusiness spending jumping 30-fold. …
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Porto Sul Port Project Advances With New Land Expropriation
Bahia's land expropriation for Porto Sul moves the long-delayed port forward, aiming to cut export costs for iron ore, grains, and…
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Habib’s Debt: Court Protection Freezes Payments for 60 Days
Brazilian fast-food giant Habib's faces a R$312 million debt crisis. Its parent company won court protection. Here's what went wro…