News
Venezuela Inflation Slows to 6. 3% in May, BCV's Lowest in 19 Months
2+ hour, 53+ min ago (1008+ words) The number: The Central Bank of Venezuela reported monthly inflation of 6. 3% in May, which it called the lowest in 19 months. The trend: The figure marks a return to single digits after a January peak the BCV put at 32. 6%, and the…...
Argentina Central Bank Hits $10bn Dollar Target in Five Months
1+ day, 2+ hour ago (272+ words) The milestone: Argentina's central bank bought more than $10bn in dollars in 2026, hitting its full-year purchase floor in about five months. The reserves: gross reserves stood near $48. 4bn, the highest in almost seven years. The catch: only about 7 of every 10 dollars bought…...
Fitch Lifts Brazil 2026 Growth to 2. 1%, Trims 2027 on Fiscal Fade
2+ day, 1+ hour ago (374+ words) The upgrade: Fitch raised its 2026 GDP growth forecast for Brazil to 2. 1%, from 1. 9% in March, in its quarterly Global Economic Outlook published June 4. The downgrade: The agency cut its 2027 forecast to 1. 7%, from 1. 8%, citing a weaker fiscal impulse once the October election…...
Brazil Industrial Output Rises a Fourth Month on Oil and Mining
2+ day, 1+ hour ago (392+ words) The print: Brazil's industrial production rose 0. 7% in April from March, seasonally adjusted, a fourth consecutive monthly gain, per the IBGE statistics agency. The run: The four-month streak adds up to 4. 4% of cumulative growth, leaving output 4. 7% above its pre-pandemic level but…...
Uruguay Inflation Climbs to 3. 77% as Fuel Hikes Bite
2+ day, 16+ hour ago (713+ words) The number: Uruguay inflation rose to 3. 77% annually in May 2026, with consumer prices up 0. 70% on the month, about six tenths of a point above April's reading. The driver: A second monthly fuel adjustment was the main cause, with diesel up 14% and…...
U. S. Share of Brazil Exports Falls as May Trade Surplus Beats Forecast
2+ day, 23+ hour ago (229+ words) The headline: Brazil posted a trade surplus of $7. 82bn in May, above the $7. 5bn7. 65bn the market expected. The flows: Exports rose 6. 6% from a year earlier to $31. 9bn; imports rose 5. 3% to $24. 1bn. The U. S. slide: The U. S. share of Brazilian exports fell to 9. 7% from 12. 0% a year earlier....
Gold Sits on a Make-or-Break Line After Months Adrift
3+ day, 2+ hour ago (427+ words) Gold edged up 0. 72% to about 4, 467 dollars an ounce on Wednesday June 3, but the small gain hides the real story. After months of going nowhere, gold has drifted down to rest right on the line that has marked its long climb…...
Brazil's Stock Market Falls 2. 2% as the Bounce Fails
3+ day, 3+ hour ago (454+ words) Brazil stock market report: the Ibovespa fell 2. 22% to 170, 330. 63 on Wednesday June 3. The market opened at its high point for the day and then slid steadily lower, finishing near the bottom. That one drop wiped out the gains from the day…...
OECD Cuts Colombia Growth Forecast and Urges Tougher Fiscal Fix
3+ day, 15+ hour ago (743+ words) The cut: The OECD cut its Colombia growth forecast to 2. 4% for 2026, a downgrade from its earlier 2. 8% projection. The warning: The body urged "a more ambitious and credible fiscal consolidation strategy" to lower financing costs. Inflation: The OECD sees price growth…...
Brazil Freezes $855 Million in Defense Budget After Record Boost
3+ day, 15+ hour ago (607+ words) The freeze: The government blocked about R$4. 3bn ($855m) of the Defense Ministry's 2026 budget, making it the hardest-hit portfolio. The wider cut: It is part of a fresh R$22. 1bn block of federal spending, decreed late on May 29 to meet 2026 fiscal targets. What…...