Bloomberg Mexico announced it would cut federal spending by 31.7 billion pesos ($167.9 billion), reducing the country’s international funding needs as emerging-market assets worldwide tumble following the U.K.’s decision to leave the European Union. A decision on whether to increase the country’s key interest rate will be made next week at a June 30 board meeting after analyzing the …

  Bloomberg Britain’s decision to leave the Europe Union buffeted markets, spurred panic on global trading floors and prompted U.K. Prime Minister David Cameron to resign. But for Brazil’s meat industry, the Brexit vote sounded like opportunity knocking. As a net-importer of food, the U.K. will probably have to adopt more flexible rules and be more opened to imports from …

  Bloomberg The cost to drill wells at Argentina’s Vaca Muerta, site of the world’s second-biggest shale reserves, has dropped 20 percent this year, putting Chevron Corp. and its partners closer to meeting spending goals. Drilling costs at the Loma Campana field in Vaca Muerta have declined to $11.2 million per well from $14 million in the last three months …