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Iolanda Fonseca

Iolanda Fonseca is a polyglot linguist of Portuguese nationality with a degree in Economics and a post-graduate degree in Languages and Literature.

Brazil’s 2027 Budget Law Sets R$73B Surplus Target, Debt Peak in 2029

Key Points — Brazil’s Ministries of Finance and Planning sent the 2027 Budget Guidelines Bill (PLDO) to Congress on Wednesday with a primary surplus target...

Brazil’s Oil Exports to China Double in Q1 2026 as Hormuz Rewires Flow

Key Points — Brazilian crude oil shipments to China doubled in the first quarter of 2026 versus Q1 2025, reaching US$7.19 billion and capturing 57%...

Brazilian Homebuilder Helbor Sees Q1 Sales Fall 32% on Tough Comp

Key Points — Brazilian mid-to-high-end homebuilder Helbor (HBOR3) posted Q1 2026 gross sales of R$421.3 million, down 31.9% year-over-year and 36.4% quarter-over-quarter. Helbor’s share of...

Ibovespa Snaps 11-Session Streak at 197,376 as BBAS3 Downgrade Cools Bank Rally

Rio Times Daily Market Brief · Brazil Thursday, April 16, 2026 · Covering the session of Wednesday, April 15 The Big Three 1. The Ibovespa closed at 197,737.61...

Nunes Marques Leads Brazil Electoral Court Before 2026 Vote

Key Points — Justice Kassio Nunes Marques was elected president of the Tribunal Superior Eleitoral (TSE) on Tuesday evening in a symbolic vote, becoming the...

Ibovespa Hits Real-Terms Peak as Dollar Falls to R$4.97

Rio Times Daily Market Brief · Brazil Wednesday, April 15, 2026 · Covering the session of Tuesday, April 14 The Big Three 1. The Ibovespa touched 199,354.81 intraday...

Petrobras Unlocks R$65B: Sergipe Platforms and Fertilizer

Key Points — Petrobras approved the final investment decision for SEAP I in the Sergipe-Alagoas deepwater basin, joining the SEAP II approval from December 2025....

Brazil Builders Mixed Q1: Cyrela Down 48%, Mitre Up 195%

Key Points — Cyrela (CYRE3) launched R$1.75 billion (~$337 million) in Q1 2026, a 48% year-on-year decline led by a 71% collapse in its high-end...

Brazil Services Sector Hits Record but Misses Consensus

Key Points — Brazil’s services volume rose just 0.1% month-on-month in February 2026, well below the Reuters consensus forecast of 0.5%, though the sector reached...

Brazil Diesel 74% Below World Price as Shortage Looms

Key Points — Petrobras is selling diesel at 67-74% below international parity — a gap of R$2.41-R$2.68 ($0.45-$0.51) per liter that has shut down private...

Brazil Inflation Forecast Hits 4.71% as Hormuz Oil Shock Bites

Key Points — The Focus survey raised Brazil's 2026 IPCA forecast to 4.71% — above the 4.50% target ceiling for the first time this cycle,...

Ibovespa Hits 197K Record Before Hormuz Blockade Rewrites the Script

Rio Times Daily Market Brief · Brazil Monday, April 13, 2026 · Covering the session of Friday, April 10 and weekend developments April 11–13 ⚠ Weekend...

Ibovespa Breaks 197,000 as Dollar Nears R.00 Mark

Key Points — The Ibovespa surged past 197,000 for the first time on Friday morning, hitting 197,118.76—the third consecutive session of all-time intraday records and...

Record Ibovespa at 195K as Peace Rally Broadens

Rio Times — B3/Ibovespa Daily Report · Covering April 9 Session · Published April 10, 2026 Ibovespa 195,129.25 ▲ +1.52% · ATH H 195,514 · L 192,206 USD /...

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