It will take the efforts of China and other emerging nations to lead the global economy out of what is likely to be a long and painful recession, according to a gathering of economic experts.

A gathering of the Group of 20 over the weekend revealed a desire among developing countries to have a greater voice in helping the world navigate its way out of the financial crisis.

A bank takeover in Brazil may have concerned regulators in boom times, but in a global slowdown, such concentration may provide some comfort.

Emerging markets that seemed to be thriving recently are finding themselves caught in the worldwide panic.

There is a growing nervousness that once again Latin America cannot escape the globalized connections in the financial sector that run through the U.S.

There is a growing nervousness that once again Latin America cannot escape the globalized connections in the financial sector that run through the U.S.

Mr. Setubal was a former foreign minister who also helped build one of Brazil’s largest banks, Banco Itaú.

In Brazil, the government is encouraging farmers to produce more for export while prices are high. But Argentina is focused on encouraging farmers to sell more at home.

Wal-Mart Stores says it will invest at least $1 billion in Brazil to expand its operations there.

Joao Carlos Cavalcanti, the Brazilian mining magnate, meditates for three hours a day and says he draws strength from the “cosmos” — when he is not collecting expensive cars.