As Dollar Falls, Consider GLOBAL Investments!
The US dollar has been steadily falling all year. For US-based investors, that can give you a nice tailwind –...
archiveLatin America
As Dollar Falls, Consider GLOBAL Investments!
The US dollar has been steadily falling all year. For US-based investors, that can give you a nice tailwind –...
As Dollar Falls, Consider GLOBAL Investments!
The US dollar has been steadily falling all year. For US-based investors, that can give you a nice tailwind –...
Huawei and ByteDance plan major investments in tech sectors in Brazil
Chinese tech giants Huawei Technologies and ByteDance are planning major investments in Brazil’s cloud infrastructure and artificial intelligence sectors, moves likely to deepen US concerns over Beijing’s expanding digital reach in Latin America.The Brazilian newspaper Folha de S. Paulo reported on Monday that Huawei is set to announce a deal with Dataprev – a state-run technology company that manages the country’s social data systems – to use its data centres. Huawei is also in talks with Edge UOL, a cloud services arm of Grupo UOL PagSeguro, which also owns Folha.Executives...
US tariffs continue to weigh on India, other emerging markets: Moody’s
New Delhi: The series of tariffs announced by the US will have negative credit implications for debt issuers across emerging markets, particularly export-reliant companies, with broader trade uncertainty set to weigh on consumer, business and financial activities, Moody’s Ratings said in a report on Tuesday.Companies with significant exposure to US-bound tariffed goods face the most direct risks, the rating agency said in a report on tariffs in emerging markets.However, Moody’s warned that a much larger pool of debt issuers will suffer indirectly through slowing economic growth, declining commodity prices, depreciating...
Tariffs Hit Mexican Peso as US Risks Shield Other EM Currencies
The Mexican peso slumped after U.S. President Donald Trump imposed new import tariffs against the country, though other developing-nation currencies held their own amid concerns about the impact of the escalating trade war on growth in the world’s largest economy. The peso fell as much as 1% against the dollar, extending its decline to a fourth day and hitting the weakest level in a month after the 25% duties came into effect, together with levies on Canada and China. Investors are awaiting Mexico’s response, with President Claudia Sheinbaum expected to...