Gold slumped after US consumer prices jumped the most in five months, reigniting worries that the Federal Reserve will need to raise interest rates further to combat inflation.

Gold pared losses after Federal Reserve Bank of New York President John Williams said he still sees one more interest-rate hike as appropriate this year, but doesn’t expect further tightening in 2027.

Braskem’s creditors shunned another restructuring proposal made by the company and its shareholders ahead of a key Oct. 9 deadline for a deal to rework some $11 billion of debt, people familiar with the matter said.

A surprising first round in Brazil’s presidential election is raising the prospect of a recalibration in trade policy, with a possible Flávio Bolsonaro government likely to deepen ties with Washington while preserving much of the country’s push to diversify markets.

A surprising first round in Brazil’s presidential election is raising the prospect of a recalibration in trade policy, with a possible Flávio Bolsonaro government likely to deepen ties with Washington while preserving much of the country’s push to diversify markets.

Brazil’s main steel association warned that imports still pose a threat, even with inbound shipments poised to fall 15% this year after anti-dumping measures against China.

Exploration on the continent has taken off since Exxon’s blockbuster discovery in Guyana.

Petrobras SA Chief Executive Officer Magda Chambriard ruled out raising the state-controlled oil producer’s stake in troubled petrochemicals firm Braskem SA, saying any additional capital must be matched by other investors.

Bonds issued by Cia. Siderúrgica Nacional SA are among the best performers in emerging markets following the appointment of its new CEO, as investors bet the company’s ambitious asset-sale program will finally move forward and allow the steelmaker to reduce its heavy debt load.

Brazil’s state-controlled oil company Petrobras SA signed production-sharing contracts for eight exploratory offshore blocks in Ivory Coast, its latest move to expand its footprint in Africa.

Brazilian iron ore giant Vale SA is considering a debut in China’s bond market as early as this year, potentially following Brazil’s government in tapping Chinese investors.

Viridis Mining and Minerals Ltd. secured Brazilian government funding for a rare-earth project, as the country seeks to tap more of the world’s largest reserves outside China.

A Brazilian court ordered the suspension of all environmental permits for Sigma Mineração SA, an operating subsidiary of Sigma Lithium Corp., and the complete halt of mining activities for the company’s Grota do Cirilo lithium project.

Copper has been on a record-breaking tear in the past year, driven largely by tariff-related trade flows. Bullish investors are betting that flatlining mine supply will drive prices even higher.

Brazil’s Congress approved a critical minerals bill that gives the government greater scrutiny over mining deals, despite warnings from the industry that the rules risk deterring foreign investment.

Braskem SA said negotiations with creditors are advancing as part of an effort to restructure the troubled petrochemicals producer’s finances.

Braskem SA reported better-than-expected results in the second quarter, benefitting from war-related disruptions to petrochemical supplies from the Persian Gulf and Asia.

Brazilian steelmaker Cia. Siderurgica Nacional SA reported a 10th consecutive loss as it grapples with stifling debt and rising financing costs.

Braskem’s bondholders continue to press state-controlled oil giant Petrobras to inject fresh capital into the struggling petrochemical producer as time runs short to avoid filing for bankruptcy protection in an election year, according to people familiar with the matter.

The trading arm of Chinese copper giant CMOC Group Ltd. is making a push into iron ore with a deal to finance a mining company in Brazil.