Karin Strohecker

JPMorgan upgraded Mexican equities to "overweight" from "neutral" on the back of strong U.S. growth, but cut Brazilian equities citing slower growth in China amid emerging pressures from President-elect Donald Trump's tariff policy.

Sri Lanka launched a long-awaited bond swap on Tuesday, a major step to completing its $12.55 billion debt restructuring and enabling its fragile economic recovery to continue.

COP29 deals on finance and carbon markets could lead to billions more dollars flowing around the business world if countries next year can deliver climate plans with clear policies for markets and investment.

Countries agreed at the U.N.'s COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

The Maldives is working on a debt-for-nature swap, the country's environment minister said on Thursday, with funds freed up expected to go towards the preservation of coral reefs, mangroves and sea grass.

Countries at the COP29 climate summit were warned on Wednesday that the "hardest part" was about to start in talks over how much money should be provided to developing countries to help them cope with climate change.

More than 50 governments have signed a U.N. declaration to make tourism around the globe more climate friendly, the United Nations said on Wednesday, in what it hailed as a major achievement of the climate summit in Azerbaijan.

As officials from around the world strive this week to reach a deal on funding for poorer countries to tackle climate change, investment manager Rob Drijkoningen is the sort of person they're hoping will help get them there.

Ukraine's central bank expects it will not have to fund the government next year, Governor Andriy Pyshnyi told Reuters, as the war-torn country readies to push through its budget for 2025.

The world's top multilateral banks pledged to ramp up climate finance to low- and middle-income countries to $120 billion a year by 2030 as part of efforts at global talks in Azerbaijan on Tuesday to agree an ambitious annual target.