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
Investors who stuck with bonds from countries that defaulted or are on the brink are betting the double-digit returns they’ve posted over the past month are just the start of a rally
Wall Street has been caught by surprise by a rally in local emerging-market debt, an asset class that’s been largely abandoned by foreign investors after a decade of underperformance
The World Health Organization declaration on Friday that the emergency phase of Covid-19 is over was largely symbolic. But, in a strange twist, the decision potentially has ramifications for creditors trying to collect on $400 million of defaulted bonds in Mexico City
Odds are rising that voters spurn President Alberto Fernandez’s left-leaning government in October’s elections, said Kathryn Exum, director and co-head of sovereign research and strategy at the US fund
GMO has a reputation for sustainable investing but one manager sees value even as a growing number of funds try to sharpen their environmental offerings to appease ESG demands of pension clients
In the past two decades, the government has reportedly been forced to pay at least $17 billion in settlements to investors in expropriated companies and to holdouts on defaulted bonds
