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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.

Ibovespa Falls to 196,819 in Second Straight Decline as 198,951 Real-Terms Peak Rejects Index Twice

Rio Times Daily Market Brief · Brazil Friday, April 17, 2026 · Covering the session of Thursday, April 16 The Big Three 1. The Ibovespa closed at 196,818.59...

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

Brazil's 2027 budget law projects a R$73.2B primary surplus and a debt peak of 87.8% GDP in 2029, arriving as fiscal gatilhos are triggered.

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

Brazil's oil shipments to China doubled in Q1 2026 as Hormuz tensions redirected flows. Total exports to China hit US$23.9 billion, a record high.

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

Brazilian homebuilder Helbor's Q1 2026 gross sales fell 32% to R$421.3M on a tough comp. Partnership with Cyrela targets R$1.5B MCMV project.

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

Ibovespa snaps historic 11-session winning streak at 197,376 as Banco do Brasil downgrade cools bank rally. BBAS3 falls 3.2%, dragging financials lower.

Nunes Marques Leads Brazil Electoral Court Before 2026 Vote

Nunes Marques TSE president: — He will preside over the October 2026 congressional and gubernatorial elections—the most polarized since 2022—in...

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

Ibovespa market report: Rio Times Daily Market Brief · Brazil Wednesday, April 15, 2026 · Covering the session of Tuesday, April 14 The Big Three 1.

Petrobras Unlocks R$65B: Sergipe Platforms and Fertilizer

Petrobras SEAP investment: Together, the two modules represent over R$60 billion (~$11.5 billion) in total investment and an estimated 1 billion barrels...

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

Brazil builders Q1 2026: — Mitre (MTRE3) went the opposite direction, surging 195.3% in launches to R$917 million (~$176 million), but unit sales fell...

Brazil Services Sector Hits Record but Misses Consensus

Brazil’s Services Sector: — Year-on-year growth decelerated sharply to 0.5%—against expectations of 1.7%—marking the 23rd consecutive positive...

Brazil Diesel 74% Below World Price as Shortage Looms

Brazil diesel crisis: With Brent above $101 per barrel and the Hormuz blockade entering its second week, the gap between Brazilian pump prices and globa...

Brazil Inflation Forecast Hits 4.71% as Hormuz Oil Shock Bites

Brazil inflation forecast: Before the Hormuz crisis, analysts had projected inflation below 4% for the year. The Rio Times, the Latin American financial...

Ibovespa Hits 197K Record Before Hormuz Blockade Rewrites the Script

Ibovespa hit 197,324 — its 16th all-time high of 2026 — before Iran talks collapsed and Trump ordered a Hormuz blockade. Oil surged 8%. Full market report.

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

Ibovespa surged past 197,000 for the first time as the ceasefire rally enters its third day. Dollar hit R.02. Brazil is now one of the world's best-performing markets.

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