Emerging Markets
Latin America, Africa and the Middle East: the currencies, commodities and companies of the emerging world.
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Hypera Q2 Profit Rises 15% to US$96 Million
Hypera posted Q2 2026 net profit of R$490 million, up 15%, on net revenue of R$2.34 billion. Margins widened and cash generation c…
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CSN Charged Over Iron-Ore Leak at Minas Gerais Mine
Brazilian authorities charged CSN after a pipeline leak at its Casa de Pedra mine sent iron-ore sediment into a creek and a Vale s…
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Totvs Q2 Profit Up 17.4% to US$47m on AI Launch
Totvs (B3: TOTS3) reported adjusted net profit up 17.4% to R$240.6 million in Q2 2026 and confirmed an integrated AI services laun…
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ABC Brasil Q2 Profit Rises 5.4% to US$50.6 Million
Banco ABC Brasil posted recurrent net profit of R$257.3 million in Q2 2026, an 11.8% sequential rise, with ROAE at 14.3% and credi…
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Klabin Q2 EBITDA Hits US$394m, Buyback Approved
Klabin posted an adjusted EBITDA of R$2 billion in Q2 2026 and approved a buyback of up to 31.25 million units. Net revenue reache…
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Copel Q2 EBITDA Climbs 21% to US$317 Million
Copel posted recurring EBITDA of R$1.61 billion in Q2 2026, driven by distribution gains. The ADR trades on NYSE as ELP. The post …
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CPFL Q2 Profit US$216m as Dividend Tops US$255m
CPFL Energia posted a net profit of R$1.1 billion in the second quarter of 2026 and distributed a R$1.3 billion dividend, showing …
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Brazil Fintech Profits Hit US$1.5bn as Nubank Pulls Ahead
Brazil's top seven listed fintechs posted a combined R$ 7.75 billion (US$ 1.52 billion) profit in 1Q26, a dramatic turnaround that…
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Multiplan Raises US$59M via CRI-Backed Debt
Multiplan, Brazil's largest mall landlord, raises R$300 million (US$58.7 million) through CRI-backed debentures, highlighting corp…
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XP Asset Passes US$59bn, Turns to Retail
XP Asset Management has hit R$300bn (about US$58.74 billion) AUM and is now targeting retail investors with managed portfolios. Wi…
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Tenda Pays US$15M Interim Dividend After Recovery
Tenda declared an interim dividend of R$78 million (US$15.3 million), or R$0.64 (about US$0.13)per share, with a record date of 13…
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MRV Sells Last US Project, Cuts Debt by US$141 Million
MRV&Co is selling its Resia Memorial project in Atlanta and five land plots for US$170 million, a key step in its US exit. Th…
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CMN Sets 30% Bank Share for Desenrola Adimplentes
Brazil's CMN standardises the 30% bank contribution in Desenrola Adimplentes, a credit line for informal workers with short arrear…
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Brazil Gas: ANP Opens Plan to Break Petrobras Grip
ANP approved a 45-day consultation to force Petrobras to sell gas to rivals, aiming to cut prices. Petrobras opposes, citing inves…
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Mataripe Buyback Talks Stall as Petrobras Presses On With Refining Plans
Petrobras’s message to Acelen is clear: we don’t need Mataripe. With talks stalled and the company’s refining expansion plans inta…
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Caixa Seguridade Q2 Profit Hits US$216 Million
Caixa Seguridade Q2 2026 net profit reached R$1.1 billion and the board declared a dividend with ex-date 4 August and payment on 1…
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Auren Q2 Loss Narrows 33% to US$75 Million
Auren Energia (AURE3) posted a R$379.1 million net loss in Q2 2026, a 32.7% year-on-year improvement. Key drivers include hydrolog…
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Kenya Mandates US$50,000 Travel Health Insurance for Foreign Visitors via eTA
Kenya · POLICY Key Facts —Minimum cover: Foreign visitors staying under 12 months must hold travel health insurance wit…
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BB Seguridade Profit Dips 4%, US$757m Dividend
BB Seguridade reported a 4% drop in net profit for Q2 2026 and approved a dividend of R$3.85 billion payable on 3 September 2026. …
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Nigeria’s NGX market value could reach N230 trillion by end of 2026, says CEO
Nigeria · MARKETS Key Facts —Market capitalisation target: Nigerian Exchange Group CEO Temi Popoola said the equity mar…
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Petrobras Targets Full Diesel Self-Sufficiency by 2031
Petrobras's next business plan will target full diesel self-sufficiency by 2031, up from 85% today. That could stabilise fuel pric…
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Engie Brasil Q2 Profit Jumps to US$374 Million
Brazilian power generator Engie Brasil Energia posted a 246% rise in net income to R$1.9 billion in Q2 2026, driven by a one-off r…
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Refit Loses Fuel Licence as Suspended Tax ID Halts Operations
ANP unanimously revoked Refit's operating licence on 7 August 2026 because its CNPJ was suspended. The refinery owes R$25.7 billio…
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Colombia Recognises Moroccan Sovereignty Over Western Sahara on Day One
Colombia recognised Moroccan sovereignty over Western Sahara on 8 August and withdrew recognition of the Sahrawi republic, a day a…