By Pranav Kashyap
Feb 9 (Reuters) - Most Latin American currencies kicked off the week on a firmer note, while regional stocks edged higher as investors looked ahead to a packed week of economic data that could reshape expectations for rates.
The Mexican peso gained about 0.4% against the U.S. dollar after data showed inflation sped up in January. It helped validate the Bank of Mexico's decision last week to hit pause on its... (continue reading...)
By Fabian Cambero
SANTIAGO, Feb 9 (Reuters) - Chilean state miner Codelco, the world's largest copper producer, authorized investments of $3.914 billion, made up of $3.289 billion plus Value Added Tax, according to an unpublished government decree approving its 2026 budget reviewed by Reuters. In calculating its budget, Codelco forecast a copper price of $4.90 per pound in 2026 and expects its direct production cost to be $2,202 per pound. These... (continue reading...)
CAIRO, Feb 9 (Reuters) - Analysts expect Egypt's central bank to cut its overnight interest rates by 100 basis points on Thursday, extending an easing cycle as inflation falls, a Reuters poll showed on Monday.
The median forecast of 14 economists surveyed in the poll is for the central bank's Monetary Policy Committee (MPC) to lower the deposit rate to 19.0% and the lending rate to 20.0%. The rate for deposits now stands at 21% and for lending at... (continue reading...)
By Terje Solsvik and Johan Ahlander
OSLO/STOCKHOLM, Feb 9 (Reuters) - Norwegian police are investigating two high-profile diplomats in a corruption probe announced on Monday, part of a widening scandal in the Nordic country and across Europe over prominent figures' ties to the late sex offender Jeffrey Epstein.
Mona Juul, who resigned from her post as ambassador to Jordan and Iraq on Sunday, is suspected of gross corruption while her... (continue reading...)
Feb 9 (Reuters) - Impactive Capital has nominated four candidates for election to the board of WEX at its upcoming annual shareholders' meeting, the activist investor said on Monday, ramping up pressure on the fintech company.
Impactive, which owns 6.4% of WEX, said its nominations would bring fresh perspectives and relevant expertise, restoring investor confidence and improving shareholder returns.
The activist investor's nominees... (continue reading...)
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