Uganda’s president appoints son as top commander of the army, raising succession concerns

On Wednesday, Brazil’s main stock index, Ibovespa, dropped 0.46% to close at 130,841 points, mainly due to key stocks underperforming. Vale, a major mining company, saw a 1.50% downturn, marking its eighth straight session, a trend last seen in May 2022 due to lower iron ore prices in China. Brazil’s state oil firm, Petrobras, also […]

Citigroup strategists question President Gustavo Petro’s pension reform in Colombia. They believe the plan, aiming for a multi-pillar system, might not pass or will be too diluted to impact markets significantly. Citi’s lead economist, Esteban Tamayo, highlights the short timeline and potential dilution of the reform. Currently, the Senate is debating it, resisting dismissal efforts. […]