AGP Executive Report
Last update: 10 hours agoBanking Crisis: Paraguay’s Santiago Peña resigned after the central bank intervened in Ueno Bank, leaving about 2.9 million customers unable to access funds. The lower house voted unanimously to impeach him; the Senate must still decide the case. Brazil Rates: The central bank held its benchmark at 13.75%, as inflation and fiscal concerns outweighed signs of a slowdown. Goldman Sachs sees rates staying put until at least the second quarter of 2028. Oil Markets: JPMorgan estimates Latin America is supplying 1.5 million more barrels of crude a day than a year ago, helping push global oil into surplus. Fintech Expansion: Yellow Card acquired Brazilian crypto firm GoMoney, while Argentina’s Takenos raised $7 million and plans to expand into more than 15 countries. In Brazil, PicPay is using open-finance data to grow its credit business.
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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