Business

Brazil’s Deficit Is Almost 10% of GDP. Nine-Tenths of It Is Interest.

The central bank put the 12-month nominal deficit at 9.99% of GDP. The primary gap - spending against revenue, before interest - was 1.19%. The post Brazil’s Deficit Is Almost 10% of GDP. Nine-Tenths of It Is Interest. appeared first on…

LatAm Pre-Open — Tuesday, August 4, 2026

Latin American markets steady before a critical Selic decision and PMIs. US tech-led rally lifts the global mood while a softer dollar buoys Latam FX. The post LatAm Pre-Open — Tuesday, August 4, 2026 appeared first on The Rio Times .

Latin American Pulse for Tuesday, August 4, 2026

The continent feels the ground shift: Peru reels from a US tariff hammer, Mexico chases a fallen kingpin, and Milei picks a new partner. The post Latin American Pulse for Tuesday, August 4, 2026 appeared first on The Rio Times .

Mexico Markets: IPC & the Peso — August 4, 2026

The S&P/BMV IPC fell 0.36% to 66,697 while the peso firmed slightly against a strong dollar, diverging from a tech-led US surge. The post Mexico Markets: IPC & the Peso — August 4, 2026 appeared first on The Rio Times .

African Development Bank approves sh652 billion loan for Arua Airport upgrade

Uganda · INFRASTRUCTURE Key Facts —Loan approval: The African Development Bank approved €155.99 million (about USh652 billion) on 19 June 2026 for the Arua Airport upgrade. —Total project cost: The programme is valued at €157.76 million…

Rwanda Shuts Eight Distilleries After Toxic Spirits Kill 50 People

Rwanda · BUSINESS Key Facts —Factory closures: The Rwanda Food and Drugs Authority shut eight distilleries on 2 August 2026, including Ingufu Gin Ltd, NBG Ltd and Zhonglu Industrial Liability Company Ltd. —Death toll: Contaminated drinks…

Energy shock delivers 144% boost in profits for BP

The British oil giant reported net profit of $5.7 billion in the second quarter, surpassing Wall Street consensus.

Intervention Efforts Failing to Turn Tide for Yen

Anna Edwards, Lizzy Burden and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV . (Source: Bloomberg)

BlackRock Overweight AI Despite Higher Risks, Li Says

"We have not changed our conviction in the overall AI thesis," BlackRock Global Chief Investment Strategist Wei Li tells Bloomberg Television. She adds that risks of commoditization and capital capacity have risen in recent weeks. "We're…

Hong Kong June retail sales rise 4.6%, seem support from visitors growth

EU net gas injection tops 32 bln cubic meters ahead of winter

Europe has so far managed to inject only 47% of the volumes required for the upcoming winter

MediaTek-Backed African Fintech PalmPay Eyes Hong Kong IPO

Africa-focused fintech PalmPay Ltd., valued at more than $1 billion in an ongoing funding round, is preparing for a potential Hong Kong initial public offering, according to people with knowledge of the matter.