The runoff on October 15 is seen as more likely to usher in a market-friendly president, and the country’s dollar securities were the top gainers across emerging markets on Monday
Emerging-market assets broadly saw a 5.5% spike in capital inflows in July, with equity performance driven by a benign macro environment, especially in Brazil, India and Indonesia, according to analysts
The region’s currencies have posted world-beating rallies as investors moved into local assets, with the Colombian and Mexican pesos and Brazilian real among the best performers globally this year
The world’s most-indebted oil major has given traders plenty to worry about as it struggles to grow production and questions loom over how much government support it will receive going forward
Argentina’s overseas bonds climbed to their highest in almost six months after government officials and the International Monetary Fund said they were nearing a deal to bring forward billions of dollars in disbursements from its $44 billion lending program
In a muggy cafe near the boardwalk of Mexico’s Ciudad del Carmen, a ship company manager unlocks his phone to show a list of 26 firms owed money by the state-owned oil company. The screenshot was followed by a WhatsApp message: “I can help them get paid, in case you know of any who are interested.
Three of the top five performers this year — Colombia, Brazil and Poland — are rated as “free,” while two others — Hungary and Mexico, were ranked “partly free” by the think tank’s annual Freedom in the World report
