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São Paulo, Brazil Local 14:01 · Fri · working now São Paulo's afternoon belongs to election risk repricing. The Ibovespa fell Friday as foreign investors accelerated August outflows and traders awaited a Quaest presidential poll due at 6 p.m. — the last major survey before official campaign advertising begins Sunday. Vale and banks led declines while the survey will also test voter sentiment on AI in campaigns and foreign interference fears. For Latin America's largest exchange, the story is no longer just Selic at 13.75% — it is whether political uncertainty finally infects equities the way it already has bonds.
Valor — Ibovespa and Quaest · CNN Brasil — foreign outflows
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Buenos Aires, Argentina Local 14:01 · Fri · working now Buenos Aires is testing whether dollar credit can reach the internal economy. Economy Minister Luis Caputo eased post-2001 restrictions so banks can lend up to 15% of their $40 billion in dollar deposits to firms without foreign-currency revenue — a pool he estimates could mobilize $5.8 billion. The IMF endorsed the shift, but Friday analysis warns the government's three reactivation engines — remonetization, real incomes, and credit — are running at half speed as July inflation at 2.1% erodes purchasing power. Milei's team needs internal demand to catch up with energy and mining exports before October's midterms.
Buenos Aires Times — dollar lending · Infobae — internal market focus
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New York, United States Local 13:01 · Fri · working now New York is holding record highs against a dual macro test — softer inflation and firmer oil. The S&P 500 drifted near Thursday's 7,798 close as benign producer prices had cut September Fed-hike odds, but Brent's climb toward $88 on Hormuz tensions and Bessent's promise of unprecedented Iran isolation kept the tape cautious. July retail sales fell an unexpected 0.6%, adding a consumer-demand question to the week's narrative, and the 10-year yield ticked up as traders repriced inflation risk. Wall Street enters the weekend constructive on rates but increasingly selective when good earnings meet record expectations.
CNBC — oil and markets · TT News — retail sales
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Toronto, Canada Local 13:01 · Fri · working now Toronto is separating loyalty-program finance from airline operations. Air Canada's $2.5 billion sale of a 25% Aeroplan stake to Blackstone and three pension managers implied a $10 billion valuation for a program the carrier repurchased in 2019 for under $500 million — sending shares to a five-year high. The TSX extended its record run even as Barrick Mining missed on Mali tax penalties and Hormuz kept energy names volatile. Fitch moved Air Canada's outlook to positive on the transaction, but management cut full-year EBITDA guidance citing Middle East disruption costs.
Wealth Professional — Aeroplan deal · Kalkine — TSX momentum
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Bogotá, Colombia Local 12:01 · Fri · working now Bogotá's 488th anniversary week doubles as a fiscal stress test. Mayor Galán's smart-city tax reform seeks 1.3 trillion pesos annually, but Fenalco joined council allies Friday urging its withdrawal after the August 10 earthquake — arguing recovery costs must precede new levies. The capital still posted strong fundamentals: unemployment fell to 8.4% and Invest in Bogotá facilitated $150 million in first-half foreign investment. The tension is between modernization finance and business-group resistance at exactly the moment the city wants to project regional leadership.
El Espectador — Fenalco pushback · Infonegocios — investment inflows
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Mexico City, Mexico Local 11:01 · Fri · working now Mexico City is riding dollar weakness and rate stability. The peso pierced 17.00 per dollar Friday — its strongest since late May 2024 — as soft U.S. retail sales pushed the greenback lower globally. Banxico held its benchmark at 6.50% but Governor Rodríguez warned headline inflation at 3.12% in July is not yet victory, with convergence now pushed to late 2027. The BMV stabilized after Thursday's airport-group selloff, with GAP leading Friday declines. For nearshoring manufacturers, the stronger peso is a margin tailwind; for exporters, it is the week's quiet headwind.
Forbes México — peso and BMV · Mexico News Daily — Banxico
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Chicago, United States Local 12:01 · Fri · working now Chicago's economic pulse is diverging from its office market. July's Chicago PMI rose to 57.6, signaling manufacturing strength even as downtown vacancy hit 27.2% and Sidley Austin's record $115-per-square-foot lease epitomizes a flight-to-quality split — trophy space fills while commodity towers empty. Meta's first Midwest retail store on the Gold Coast adds a consumer-tech footnote to a city still defined by CME futures that opened the global week hours before Asia. For Midwest capital, the story is resilient production data masking a bifurcated real-estate recovery.
Times of Chicago — PMI · The Real Deal — office flight
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Los Angeles, United States Local 10:01 · Fri · working now Los Angeles is repricing celebrity equity at scale. Joshua Kushner and Bob Iger closed a $12.5 billion Lakers purchase in three days — the highest sports-franchise sale on record and a 67% premium to the valuation Mark Walter paid just ten months ago. The deal cements LA as the venue where streaming, private equity, and legacy media collide on the same balance sheet. Away from sports, South Korean eyewear brand Blue Elephant opened a 7,000-square-foot Beverly Hills flagship, underscoring luxury retail's resilience even as port cities watch Hormuz-linked freight costs.
AP News — Lakers sale · LA Times Now — deal terms
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San Francisco, United States Local 10:01 · Fri · working now San Francisco is watching AI capital reorganize in real time. SpaceX closed its $60 billion all-stock acquisition of Cursor on Friday, folding the coding startup into SpaceXAI to accelerate Grok model development with access to Musk's GPU fleet. The deal — venture's largest ever — lands the same week OpenAI named Dali Rajic as chief revenue officer after Denise Dresser's exit, and a16z led a $40 million Series A for Vals AI, an evaluation startup building real-world workflow benchmarks. For the Bay Area, the narrative is no longer just model capability — it is who owns the toolchain and the trust layer above it.
The Verge — Cursor close · a16z — Vals investment
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London, United Kingdom Local 18:01 · Fri · after hours London closed a split week with miners dragging the FTSE 100 to a fifth straight decline even as software names rallied on Workday takeover speculation. Experian, Sage, and Relx led the upside while Antofagasta and GSK weighed on the index. Sterling held gains near $1.35 after June GDP showed Britain outpacing G7 peers, giving carry traders another reason to favor the pound. Aviva's 24% profit jump offered a rare bright spot in financials, but GB Group's 27% plunge on cut revenue guidance shows how quickly AI-anxiety can punish individual names.
LSE.co.uk — market open · Reuters — pound and GDP
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Tokyo, Japan Local 02:01 · Sat · weekend Tokyo is managing a transport catastrophe, not a market session. Record rainfall in Chiba killed at least eight people overnight, flooded hundreds of homes, and stranded roughly 7,000 travelers at Narita Airport as Level 5 emergency warnings — issued for the first time in the prefecture — were downgraded only Friday morning. More than 22,000 households remained without power past noon as JR East kept several lines suspended. For Japan's logistics hub, the immediate risk is holiday-week disruption rippling through supply chains and inbound tourism; the TSE closed Friday before the worst damage tallies, but Monday's open will test whether insurers and infrastructure names reprice flood exposure.
Nikkei Asia — Narita disruption · NHK World — casualty count
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Hong Kong, China (SAR) Local 01:01 · Sat · weekend Hong Kong finished the week caught between Middle East oil risk and Japan's weather shock. The Hang Seng fell about 1% Friday as Brent's climb back toward $88 revived inflation anxieties across Asia, even as U.S. equities held near records. Twenty-eight Hong Kong–Narita flights were delayed by Chiba's flooding — a reminder that regional connectivity, not just Hormuz tankers, is fraying. With the IEA's 4.3 million barrel supply downgrade still fresh, Hong Kong traders enter the weekend pricing a longer energy squeeze than Monday's optimism implied.
CNBC — oil and Asia · Nikkei Asia — flight delays
