OGX, the Brazilian oil company controlled by former billionaire Eike Batista, sought court protection from creditors on Wednesday.
Eike Batista's OGX—the cornerstone of his short-lived mining, energy and shipping empire—is expected to file for bankruptcy as early as this weekend.
Mexican billionaire Ricardo Salinas of Grupo Salinas says fixed rate securities are attractive in Mexico. He also sees a lot of opportunity in the telecom space. "Everybody wants a smartphone," he adds.
Investors who bet on Eike Batista haven't been the only losers. Rio de Janeiro has also been shaken by his rapid decline.
The central bank of Brazil faces a tough task getting its economy back on an even keel, experts told CNBC.
Real estate agents on the island of Cuba have had to work in the shadows, fearing arrest. Until now.
CNBC's Phil LeBeau and Jim Lentz, CEO of Toyota North America, discuss its plan to export Corollas built in Mississippi to Latin America and the Caribbean.
In a time of dizzying capital flows in emerging markets, Mexico looks positively stable by comparison.
Brazil's president canceled a state visit to the White House after Snowden NSA leaks revealed the US government was spying on her.
Though consumers have access to more goods and merchandise, some groups, especially farmers, are struggling to survive amid a flood of cheap imports.
Former Peruvian President Alejandro Toledo and economist Dambisa Moyo tell CNBC how the slowdown in China will affect other markets.
As emerging markets continue to fall from grace, their less high-profile frontier peers are stealing some of the spotlight. Interested, but not sure where to look next? Click ahead to see which frontier markets are the top performers.
Brazil raised its benchmark interest rate to a 16-month high of 9 percent on Wednesday, maintaining the pace of monetary tightening to fight inflation and rebuild investors' confidence in Latin America's largest economy.
Dutch telecom group KPN's main shareholder America Movil has ended an agreement to limit its holding to below 30 percent, a sign it may bid for the whole company.
Mike Mack, CEO of Syngenta, comments on quarterly earnings and highlights the strong underlying sales growth, the growth investments and how a Chinese slowdown is unlikely to impact the group.
Artists struggle to make a living in most parts of the world. But in Cuba they are part of the wealthy elite, thanks to an odd exception to the U.S. embargo.
Spend five minutes in Cuba, and it is obvious the country needs investment, but a large chunk of money will have to come from overseas—if the Cuban government allows it.
Dan Greenhaus, chief global strategist at BTIG, argues that guidance for the rest of the year is more important than actual results this quarter.
Nissan Motor takes the veil off the first car in its resurrected Datsun brand in New Delhi on Monday, part of a foray by the Japanese auto maker into cheap cars for emerging markets.
The Treasury said on Friday it will postpone enforcement of a new law that cracks down on offshore tax avoidance by Americans.