Brazilian Stocks Plunge 13.7% and the Real Slides After Lula Wins Runoff
Investors had bet on a Bolsonaro victory after the first round. Lula's narrow comeback reversed that trade and put Brazil's debt back in focus.
Americas
Brazil
- Americas
Apple's Greater China Sales Jump 21% to $17.5 Billion as Memory Costs Test Margins
Record September-quarter revenue of $114.5 billion came with inventories more than doubling and a foldable iPhone its suppliers cannot build fast enough.
- Americas
Amazon Keeps $220 Billion Spending Plan as AWS Grows 39%, a Boon for Asia's Suppliers
Memory chip costs, Taiwanese-built server racks and a $578 billion cloud backlog tie Amazon's AI build-out to factories across Asia.
- United States
U.S. Factory Index Rises to 55.5 in October, Lifting Demand for Asian Chips and Parts
Production hit its fastest pace since 2021 and imports picked up, but a prices gauge above 75 keeps a Fed rate increase on the table for Asian currencies.
- Americas
U.S. Crude Supplies 27.5% of Japan's September Oil Imports as $80 Million Tankers Test Asia Trade
American oil is now Japan's second-largest source after the UAE, and Kpler expects Americas arrivals in Asia to jump in November, even as supertanker rates squeeze the trade.
- United States
Fed's Barkin Flags Stubborn Inflation as 2-Year Treasury Yield Climbs Back to 4.56%
Wall Street had its best day since April on Monday, but short-dated Treasury yields rose as a Fed official pointed policy toward tighter settings, keeping pressure on the won and yen.
- United States
Fed's Waller Floats 50-Basis-Point Hike as 10-Year Treasury Auction Clears at 5.02%
A Fed governor said a quarter-point December increase might not be enough, while Vice Chair Michelle Bowman stressed tighter financial conditions, and the 2-year yield jumped 17 basis points.
- Canada
Bank of Canada Raises Rate to 2.5% in First Hike Since 2023 as Oil Keeps Inflation Near 3%
Governor Tiff Macklem said more increases are possible, adding Canada to the list of central banks tightening as energy costs spread through prices.
- United States
10-Year Treasury Yield Falls to 4.91% After Fed Hold, Giving Asian Currencies Room
The 10-year note has dropped 40 basis points in a month and the dollar has stalled, but two Fed dissents for a rate increase keep Asian bond and currency markets on alert.
- AmericasAnalysis
Big Tech's AI Spending Plans Reach Up to $745 Billion, Keeping Asia's Chipmakers Busy
Amazon, Alphabet, Microsoft and Meta held their spending plans after third-quarter results, and Alphabet is already pointing to a bigger 2027.
- Americas
AMD Forecasts $17 Billion Quarter as Helios AI Racks Ramp, Pulling In Asian Server Makers
Data center sales nearly doubled to $8.5 billion, and a new Google Cloud TPU deal on Monday widened AMD's role as host processor in AI systems.
- Mexico
Mexico Inflation Climbs to 3.75% in October, Days After Banxico Cut Rates to 6.25%
Core prices rose for the first time in nine months as the end of summer power subsidies lifted electricity bills, testing a central bank that has signaled a long pause.
- United States
U.S. Consumer Prices Rise 0.4% in October, Above Forecasts, as Fed Hike Bets Near 100%
Food costs and services kept inflation running hot even as the gasoline surge cooled, pushing the 10-year Treasury yield toward 4.94% and raising the stakes for Asian currencies.
- Brazil
Brazil's Real Slides to 15-Month Low Near 5.59 as Copom Minutes Signal Longer Tight Policy
Central bank minutes said deanchored expectations call for tighter policy for longer, while hotter U.S. inflation pushed the dollar to its highest close against the real since July 2025.
- Wall Street
CoreWeave Revenue Nearly Triples to $3.66 Billion , Backlog Hits $132.5 Billion
The AI cloud provider raised its 2026 forecast and said contracted power outside the U.S. now tops 1.3 gigawatts, including new sites near Jakarta and Mumbai, while its quarterly loss widened on interest costs.
- Chile
Chile Inflation Climbs to 4.5% in October as Fuel Jumps, Putting a Rate Hike in Play
Gasoline and diesel drove a 0.5% monthly rise, days after central bank minutes showed policymakers weighed lifting the 4.5% policy rate.
- Mexico
Mexico Keeps 50% Tariff on Chinese Cars as $45 Billion in Planned Plants Hangs in Balance
Imports of Chinese cars fell 31% in the first half, but BYD, Geely, MG and other Chinese brands have put Mexican factory plans on hold pending the USMCA review.
- ExplainerExplainer
How the USMCA Review Works Now That Washington Has Declined to Extend the Pact
The U.S. did not confirm a 16-year extension in July, setting up yearly reviews. Here is what that means for Asian companies producing in Mexico and Canada.
- Americas
Starbucks Revenue Falls 4.5% as China Joint Venture With Boyu Shrinks International Sales
Selling a 60% stake in its 8,000-store China business to Boyu Capital cut International revenue by 37%, even as U.S. sales recovered and profit more than quadrupled.
- Canada
Canada's Exports to China Jump 39% This Year as Canola Returns After Tariff Truce
China has bought 2.6 million tons of Canadian canola seed since January, but Ottawa's trade with Asia still trails a U.S. market that took back 70% of its goods in August.
- Colombia
Colombia's Central Bank Holds Rate at 12.25% in 4-3 Vote as Inflation Sticks at 6.3%
Three of Banco de la República's seven directors wanted another quarter-point increase, and the board also approved a $2 billion dollar purchase from the government to build reserves.
- Mexico
Mexico's Economy Grows 3.2% in Third Quarter, Beating Forecasts as Exports Lift Industry
The strongest annual growth in three years arrives as Mexico's import tariffs push India and other Asian exporters to seek trade deals.
- Chile
Chile Cuts 2026 Copper Output Forecast to 8.4% Drop, Raises Price View to $6.18 a Pound
The world's biggest copper producer now sees output falling 8.4% this year after a 15% slump in September, while China takes more than half the world's metal.
- Brazil
Vale Profit Falls 53% as Revenue From China Drops 13% on Lower Iron Ore Prices
The Brazilian miner shipped almost as much ore to China as a year ago but earned $715 million less there, while fuel and freight costs climbed.
- Copper
Southern Copper's Sales to China Jump 57% as Peru Mines Ship More Metal Closer to Home
A quarterly filing shows Asia took $840 million of the miner's metal, while its Peruvian unit sent far less to China and more to buyers in the Americas and Japan.
- Tariffs
U.S. Forced-Labor Tariffs of Up to 12.5% on Asia Pass 100 Days as Trade Court Weighs Challenge
Importers argue the duties on 60 economies repackage tariffs the Supreme Court struck down. Exporters from Singapore to Japan keep paying while three judges decide.
- Chile
Chile's October Copper Exports Fall 5.4% to $5.4 Billion as Mine Output Slides
Shipments of the metal dropped from a year earlier despite high prices, while a 29% fall in capital-goods imports lifted the trade surplus to $2.55 billion.
- United States
U.S. Retail Imports Set to Cool After September Hit 2.37 Million TEU, NRF Says
The retail group's Global Port Tracker sees 2026 imports up 2% to 26 million containers, then an 11.2% year-over-year drop by March 2027.
- Canada
Canada Loses 4,700 Jobs in October as Unemployment Rises to 6.7%, Clouding Rate Path
A third weak labour report in a row, led by a 53,000 drop in private-sector jobs, tests the Bank of Canada's case for further rate increases.
- Canada
Canada-China Trade Hits Record C$36.8 Billion in Third Quarter as Crude Exports Jump 159%
Oil shipped through the expanded Trans Mountain pipeline and tariff relief for canola, peas and beef lifted trade before Prime Minister Mark Carney's trip to the APEC summit in China.
