Headlines

Oil prices surge amid US-Venezuela standoff

International oil benchmarks posted modest gains on Tuesday as the market entered a holiday-shortened week. Investors remained focused on the escalating geopolitical friction between Washington and Caracas, which has introduced a risk premium into an otherwise oversupplied

Brazil: No Xmas pardon for Jan. 8 rioters

Brazilian President Luiz Inácio Lula da Silva has signed his traditional Christmas pardon decree, granting clemency to thousands of inmates. However, for the second consecutive year, the president has explicitly excluded those convicted of attempting to overthrow the democratic

Colombia: Petro declares 30-Day "economic emergency"

In a move to bypass Congress on his proposed tax hikes, Colombian President Gustavo Petro declared a 30-day "economic emergency" on Tuesday. The measure, enacted via Decree 1390 of 2025, grants the head of State extraordinary powers for 30 days to circumvent Parliament and

Bolsonaro cleared for Xmas Day surgery

Brazilian Supreme Court Justice Alexandre De Moraes on Tuesday authorized former President Jair Bolsonaro to be hospitalized on Wednesday to undergo hernia surgery recommended by private doctors and Federal Police experts.