Business

Milei Capital Markets Reform Opens Argentina to Bonds

President Javier Milei announced a sweeping liberalization of Argentina's capital markets, permitting companies to issue bonds in foreign currency and granting insurers full product-design freedom without prior state approval. The post…

Colombian Peso Nears Multi-Year High Past 3,132

The Colombian peso is trading near its strongest level in years, with the market rate around 3,132 pesos per US dollar. The roughly 20% one-year rally helps importers but pressures exporters, and a central bank rate decision was still…

BP puts UK North Sea oil and gas assets up for sale as CEO pushes overhaul

UK North Sea accounted for 5% of BP’s output last year.

Vale Q2 Profit Falls 35% to US$1.37 Billion

Brazil · Business Key Facts — Net profit US$1.37 billion, down 35% year-on-year, missing the US$1.84 billion analyst forecast. — Derivatives hit A negative US$798 million swing on derivatives, linked to a stronger Brazilian real, drove……

European Execs Show AI Optimism: Markets Snapshot

A big week of earnings results for some of the world's most influential companies has been underscored by the global AI infrastructure buildout, tightening supply chains and ongoing geopolitical uncertainty. The Opening Trade spoke to CEOs…

Apple slides as supply snags cloud outlook, putting iPhone demand in focus

Government completes acquisition and takes possession of 38 Oxley Road site

Chile Environmental Approvals Fast-Track US$20B Projects

Chile's environmental authority fast-tracked nearly US$20 billion of projects in under 150 days, part of a drive to speed permitting for mining and energy. The post Chile Environmental Approvals Fast-Track US$20B Projects appeared first on…

BNDES Airline Credit: US$1.5bn Lifeline for Carriers

Brazil's national development bank BNDES unveiled an R$8 billion (~US$1.48 billion) working-capital credit line for four airlines to offset soaring jet-fuel prices driven by Middle East instability. The post BNDES Airline Credit: US$1.5bn…

Moody’s: Latin America Loan Delinquency Set to Rise

Moody's warns that household and small-business loan delinquency is rising across Latin America, with Argentina hitting a 16.1% default rate. Foreign investors should brace for asset-quality deterioration through 2026. The post Moody’s…

EcoRodovias Q2 Profit Falls 74% on Contract End

Brazilian toll-road operator EcoRodovias reported a 74% drop in second-quarter recurring profit, driven by the end of the Ecovias Sul concession, inflation, and a surge in investment spending. The post EcoRodovias Q2 Profit Falls 74% on…

Santander Brasil Buyout Offers 15% Premium in Share Swap

Brazil · Business Key Facts —Offer structure Voluntary share-exchange offer for the ~10% of Santander Brasil not owned by Spain’s Banco Santander, paid in newly issued Santander shares. —Premium and value Implies a roughly 15% premium over…