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Brazil Startup Exchange Partners With MSCI for Index Derivatives
South America

Brazil Startup Exchange Partners With MSCI for Index Derivatives

Brazil's A5X SA is partnering with MSCI Inc. to launch derivatives of the index provider's benchmarks, as the startup exchange looks to begin operations next year in a turf currently dominated by B3 S

GFM News• 18 hours ago
Brazil's Braskem creditors, shareholders target Wednesday deadline for debt deal, sources say
South America

Brazil's Braskem creditors, shareholders target Wednesday deadline for debt deal, sources say

SAO PAULO, Nov 9 (Reuters) - Shareholders and creditors of Brazilian petrochemical company Braskem (BRKM3.SA), opens new tab are aiming to conclude out-of-court restructuring talks by Wednesday, two p

GFM News• 22 hours ago
F1 LIVE: Sao Paulo Grand Prix 2026 UK start time, grid & radio from Interlagos
South America

F1 LIVE: Sao Paulo Grand Prix 2026 UK start time, grid & radio from Interlagos

The wet weather combined with the grid penalties - Charles Leclerc also drops from fourth to 14th today - has given us an interesting top 10 at lights out. Racing Bulls' Liam Lawson, who is still in

GFM News• 1 days ago
Brazil home duo suffer setbacks in wet Sao Paulo qualifying
South America

Brazil home duo suffer setbacks in wet Sao Paulo qualifying

SAO PAULO, Nov 7 (Reuters) - Brazilian drivers endured a torrid, rain-hit qualifying session for the Sao Paulo Grand Prix on Saturday as Gabriel Bortoleto finished last and F1 debutant Rafael Camara q

GFM News• 2 days ago
Sao Paulo qualifying delayed as heavy rain hits Interlagos
South America

Sao Paulo qualifying delayed as heavy rain hits Interlagos

SAO PAULO, Nov 7 (Reuters) - Qualifying for Formula One's Sao Paulo Grand Prix was delayed on Saturday after heavy rain swept across Interlagos, the latest weather disruption at a circuit renowned for

GFM News• 2 days ago
Brazil extends oil export tax through year end, advances US reciprocity process
South America

Brazil extends oil export tax through year end, advances US reciprocity process

SAO PAULO, Nov 6 (Reuters) - Brazil's foreign trade chamber executive committee approved in a meeting on Thursday an extension of a 12% tax on exports of crude oil until December 31, with the aim of m

GFM News• 2 days ago
Argentina analysts cut 2026 growth forecast, bumps inflation outlook
South America

Argentina analysts cut 2026 growth forecast, bumps inflation outlook

Nov 5 (Reuters) - Analysts lowered their 2026 economic growth forecast for Argentina while bumping up inflation expectations, a central bank survey ⁠showed on Thursday. They now expect economic growt

GFM News• 4 days ago
Brazil's central bank ends run of rate cuts after Lula election win
South America

Brazil's central bank ends run of rate cuts after Lula election win

BRASILIA, Nov 4 (Reuters) - Brazil's central bank on Wednesday ended a run of interest rates cuts that began in March and ⁠kept borrowing costs on hold as it faced the prospect of higher inflation fol

GFM News• 5 days ago
Brazil economists raise inflation, rate forecasts after Lula reelection
South America

Brazil economists raise inflation, rate forecasts after Lula reelection

SAO PAULO, Nov 3 (Reuters) - Private-sector economists raised their forecasts for Brazil's inflation and interest rates in the first weekly central bank poll since left-wing President Luiz Inacio Lula

GFM News• 6 days ago
Brazil's post-election market shock clouds path to cheaper credit​
South America

Brazil's post-election market shock clouds path to cheaper credit​

NEW YORK/LONDON, Nov 3 (Reuters) - Brazil's market rout following the reelection of Luiz Inacio Lula da Silva has clouded the prospect of cheaper credit, leaving the country's central bank to weigh in

GFM News• 6 days ago
Colombia central bank seen hiking rates on Friday, though hold not ruled out
South America

Colombia central bank seen hiking rates on Friday, though hold not ruled out

BOGOTA, Oct 30 (Reuters) - Colombia's central bank board is expected to raise its benchmark interest rate on Friday in an effort to contain inflationary pressures, though some market participants have

GFM News• 9 days ago
Argentina's YPF swings to billion-dollar profit as shale boom gathers pace
South America

Argentina's YPF swings to billion-dollar profit as shale boom gathers pace

BUENOS AIRES, Oct 28 (Reuters) - Argentina's state-controlled oil producer YPF (YPFDm.BA), opens new tab swung to a $1.2 billion third-quarter profit on Wednesday as higher prices and booming shale ou

GFM News• 11 days ago
Brazil interest burden climbs to 9% of GDP, highest since 2016
South America

Brazil interest burden climbs to 9% of GDP, highest since 2016

BRASILIA, Oct 29 (Reuters) - Brazil's interest bill rose to 8.99% of gross domestic product in the 12 months through September -- a level not seen since January 2016, when the country was mired in a d

GFM News• 11 days ago
Brazil finance minister signals more ambitious primary surplus for next year
South America

Brazil finance minister signals more ambitious primary surplus for next year

BRASILIA, Oct 26 (Reuters) - Brazil's Finance Minister, Dario Durigan, said in an interview with local news service Broadcast on Monday that the government will pursue a higher effective primary surpl

GFM News• 13 days ago
Poorer Brazilians devote four times more income to credit card debt, central bank says
South America

Poorer Brazilians devote four times more income to credit card debt, central bank says

BRASILIA, Oct 27 (Reuters) - Lower-income Brazilians are devoting an increasing share of their earnings to interest on credit-card- and other high-cost consumer borrowing, prompting policymakers to co

GFM News• 13 days ago
Market Talk: Brazil 'set for currency and equity selloff' after surprise Lula victory
South America

Market Talk: Brazil 'set for currency and equity selloff' after surprise Lula victory

We're generating a transcript for this video. It can take a few minutes, so please check back soon. Market Talk: Brazil 'set for currency and equity selloff' after surprise Lula victory It's a busy

GFM News• 13 days ago
Argentina drops probe into President Milei and sister over meme coin scandal
South America

Argentina drops probe into President Milei and sister over meme coin scandal

BUENOS AIRES, Oct 23 (Reuters) - A criminal investigation into the role of Argentine President Javier Milei and his sister Karina Milei in a meme coin scandal was dropped on Friday, according to court

GFM News• 15 days ago
Venezuela eyes Qatar bridge loan to clear IDB arrears, sources say
South America

Venezuela eyes Qatar bridge loan to clear IDB arrears, sources say

CARACAS/LONDON, Oct 22 (Reuters) - Venezuelan authorities are considering seeking a bridge loan from Qatar to clear more than $2 billion in arrears to the Inter-American Development Bank, a move that

GFM News• 18 days ago
Brazil's Bradesco meets profit estimates despite slower credit revenue
South America

Brazil's Bradesco meets profit estimates despite slower credit revenue

SAO PAULO, Oct 22 (Reuters) - Brazilian lender Banco Bradesco (BBDC3.SA), opens new tab on Thursday reported a 14.6% increase in its third-quarter recurring net profit from a year earlier, meeting ana

GFM News• 18 days ago