Business

JPMorgan Cuts Brazil to Neutral and Trims Its Ibovespa Target

JPMorgan Cuts Brazil to Neutral and Trims Its Ibovespa Target

Brazil · Markets Key Facts Rating cut JPMorgan moved Brazilian equities to Neutral from Overweight on Aug. 11, 2026. Target trimmed Year-end Ibovespa target lowered to 185,000 points from 190,000. Rate cycle Bank expects just one more 0.25…

Worsening Middle East crisis slashes 15% off Larnaca’s hotels guests

According to chairman of the regional branch of the Cyprus Hoteliers Association Marios Poliviou, Israelis account for the largest share of the visitors to the province, followed by the British, Germans, Poles and Greeks

Radiant World Offers $150 Million Aluminum Stash for Sale

Metals trader Radiant World has been seeking to sell a stockpile of aluminum worth some $150 million at a small discount to market prices in an attempt to boost its liquidity, according to people familiar with the matter.

Moldova's return to cooperation with EAEU would be in its best interests — ex-president

Igor Dodon recalled that during his presidency, Moldova had become the first country to be granted EAEU observer status in May 2018

Manus to return as independent company after China forced Meta to unwind $2 billion deal

CNBC

Manus to return as independent company after China forced Meta to unwind $2 billion deal

Last December, Meta said it planned to acquire Manus for $2 billion, its latest effort to shore up its AI strategy.

CNBC

Nvidia Credit Risk Eases After CEO Clarifies $500 Billion Plan

Bond traders dialed back measures of credit risk associated with Nvidia Corp. on Tuesday after the company said it would limit its exposure in a $500 billion plan to finance the type of artificial-intelligence investments that are driving…

Brazil’s Copom Minutes Signal Caution Even as It Cuts to 14%

Brazil’s Copom Minutes Signal Caution Even as It Cuts to 14%

Brazil · Economy Key Facts Rate cut Brazil’s Copom lowered the Selic by 0.25 point to 14.00% on August 5, 2026. Fourth cut This was the fourth consecutive quarter-point reduction, one full point below the 15.00% peak. Cautious tone The…

JBS Seeks US Margin Recovery With New CEO Pledging Continuity

JBS NV said its main business of US beef is yet to benefit from a restructuring plan, but sees that effort as well as a renewed flow of Mexican cattle eventually aiding meatpacking margins.

Fitch retains India’s credit rating at BBB-, sees strong economy

Times of India

Fitch retains India’s credit rating at BBB-, sees strong economy

The ratings agency said the Indian economy continues to demonstrate resilience despite the energy shock arising from the conflict in West Asia, supported by a strong growth outlook and sound external financing fundamentals.

Times of India

Brazil’s July IPCA Inflation Falls Back Inside the Target Band

Brazil’s July IPCA Inflation Falls Back Inside the Target Band

Brazil · Economy Key Facts Monthly rise Brazil’s IPCA rose 0.07% in July, down from 0.16% in June. Annual rate The 12-month IPCA hit 4.44%, down from 4.64% in June and back inside the 1.5%–4.5% target band. Year-to-date Inflation…

AIG CEO on Earnings, Shipping in Hormuz, AI Buildout

American International Group Inc. Chief Executive Officer Eric Anderson talks about how geopolitical risk is providing great opportunities to the insurer. He also speaks about clients that need to travel through the Strait of Hormuz…

AllAfrica