AGP Executive Report
Last update: 2 hours agoDigital Finance: Itaú has formally registered its crypto custody and trading services under Brazil’s new rules, while ACI Worldwide and Circle are testing USDC settlement on Colombia’s Bre-B instant-payments network. Banking: Santander’s third-quarter underlying profit rose 19% globally, but Brazil profit fell 15% as provisions climbed 23%; analysts expect higher rates to delay loan-quality improvements. Corporate Results: FEMSA reported 9.8% revenue growth and 9.9% higher operating income in the third quarter. Investment Flows: Mining investor Appian plans to direct about $2 billion to Africa, but its CEO says policy uncertainty is steering capital toward Latin America, where fiscal and permitting regimes are seen as more stable. Argentina: An IMF agreement has cleared the way for a $900 million release. Markets: Brazilian stocks and the real fell after Lula’s reelection, as investors weighed the outlook for the economy and policy.
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