AGP Executive Report
Last update: 10 hours agoBanking & Regulation: Brazil’s Itaú Bank won a U.S. charter from the OCC, setting up a Miami base to serve high- and ultra-high-net-worth clients tied to Brazil and Latin America, with initial capital of at least $507m. Cybersecurity: Researchers flagged banking trojans Manic and Grandoreiro, with Grandoreiro still targeting users in Latin America as malware operators push phishing and remote takeover tactics. Energy & Infrastructure: Trinidad and Tobago’s state gas company NGC says it “was broken” when a new board took over in July 2025, then delivered a turnaround—profit after tax rose to $3.46bn in 2025 and operating costs fell by over $500m within six months. Trade & Markets: Mexico’s cattle exports to the U.S. resume Aug. 24 after a screwworm-driven ban, but shipments will face tight restrictions to prevent spread. Commodities & Investment: Brazil’s rare-earth rush is accelerating as foreign-backed applications surge, though environmental and Indigenous concerns are rising. Food & Risk: A new global outlook warns food inflation could worsen into 2027 as shipping disruptions, El Niño risks, and higher energy and fertilizer costs hit emerging economies, including across Latin America. Development Finance: BII and South Africa’s PIC are co-investing to scale development finance in Africa, aiming to deploy billions over 2026-2031.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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