Brazil’s government loosened its spending freeze after revising down projections for mandatory expenditures, giving President Luiz Inácio Lula da Silva additional fiscal room less than three months before October’s election.

Brazil’s government plans to publish a provisional measure on Wednesday to renegotiate more than 100 billion reais ($20 billion) in rural debt, as President Luiz Inácio Lula da Silva prepares to seek reelection in October.

A Brazilian Supreme Court justice barred presidential candidate Flávio Bolsonaro from visiting his father, former leader Jair Bolsonaro, for 90 days, effectively preventing any visits until after the first round of October’s election.

Emerging-market assets got a boost after President Donald Trump canceled planned attacks on Iran, fueling bets that a deal is imminent.

Most emerging-market currencies fell Thursday on the back of a stronger dollar after US retail sales signaled consumer resilience in the world’s largest economy despite sharply higher gasoline prices.

Most emerging-market currencies fell Thursday on the back of a stronger dollar after US retail sales signaled consumer resilience in the world’s largest economy despite sharply higher gasoline prices.

Emerging-market currencies and stocks fell Tuesday on concern the ceasefire between the US and Iran is on the brink of collapse, while a slump in South Korean shares also weighed on sentiment.

Shares of Ambev SA, the Brazilian unit of Anheuser-Busch InBev NV, soared the most in over 27 years after stronger-than-expected beer volumes in the South American nation drove a beat in first quarter earnings.

Emerging-market equities posted the best month since 2022, fueled by rallies in Asian technology shares on optimism over artificial intelligence demand, even as oil supply shock persists amid a US-Iran standoff over the Strait of Hormuz.

Investors poured money into BlackRock’s exchange-traded fund tracking Brazilian stocks at the fastest pace in almost nine years on Monday, as a resurgence in global risk appetite fuels a surge in the country’s equity market.

Banco Bradesco SA and dental insurer Odontoprev SA are combining their health-care assets to create one of Brazil’s largest integrated medical groups, serving more than 13 million beneficiaries in the country.

Heavy rains that began Monday night have left dozens dead and caused widespread destruction in southeastern Brazil, exposing a longstanding structural problem of housing in high-risk areas vulnerable to seasonal downpours.