RT Staff Reporters
The Rio Times staff is a network of freelance journalists and bloggers from around the world who inform us about news from their regions and specific topics. This information is collected, reviewed and processed in our newsroom.
Brazil’s Economic Activity Index Down 0.34% in March, Below Expectations
The Brazilian Central Bank's Economic Activity Index (IBC-Br) revealed an unexpected drop in March 2024, surprising analysts.
The index fell by 0.34% compared to February....
Helbor’s Profit Rises, While Multi and Tupy Face Challenges in Q1 2024
Multi (MULT3), formerly Multilaser, reported a net loss of R$69 million ($13.4 million) in Q1 2024. This represents a 78.8% decrease from Q4 2023...
Positivo Reports Record Profit, Eneva and Eucatex Face Setbacks in Q1 2024
Positivo (POSI3) reported a net profit of R$64.3 million ($12.5 million) for the first quarter of 2024. This profit is a significant increase, 7.5...
Submarine Cable Disruptions Threaten East Africa’s Connectivity
Recent disruptions to undersea cables have highlighted the vulnerability of East Africa's internet infrastructure, with several countries experiencing significant outages.
This incident, marking the third...
Wednesday’s Morning Call: Market Focus Shifts to Lesser Indicators After Copom Minutes
A day after the Copom minutes release, the market shifts focus to lesser but still important economic indicators.
This shift follows the Monetary Policy Committee's...
Brazil Projects Lower Grain Production for 2024
Brazil, one of the world's largest grain producers, forecasts a grain production of 299.6 million tons for 2024.
This represents a 5.0% decrease from 2023's...
Oil Prices Decline Amid U.S. Monetary Policy Concerns and Oversupply Fears
On Tuesday, May 14, oil prices fell due to concerns over the potential tightening of U.S. monetary policy by the Federal Reserve (Fed) and...
Central Bank Minutes Lift Ibovespa Amid Mixed Earnings
On Tuesday, the Ibovespa, Brazil’s primary stock index, closed with a 0.25% gain at 128,515 points, adding 360 points.
This increase came despite significant market...
Brazil’s B3 Posts Strong April Trading and Revenue Growth
On May 13th, B3 (B3SA3), the Brazilian stock exchange operator, released its April operational data, revealing noteworthy performance metrics.
The average daily trading volume of...
Brazilian Services Sector Grows by 0.4% in March
In March, the Brazilian services sector grew by 0.4% compared to February, following seasonal adjustments.
This growth comes after a 0.9% decline in February, which...
Tuesday’s Morning Call: Stock Market Awaits Copom Minutes Release
Tuesday is crucial for the stock market as the Central Bank releases minutes from last week's Copom meeting, offering insights into future interest rate...
StoneCo’s 90% Q1 Profit Surge Driven by Increased Payment Processing
StoneCo (STOC31) reported a 90% rise in its adjusted net profit for Q1 2024, driven by a surge in processed payments.
Stone leads as a...
Hapvida Achieves R$83.4 Million Profit in Q1, Reversing R$341.6 Million Loss
Hapvida (HAPV3) reported a net profit of R$83.4 million ($16.20 million) in Q1 2023, reversing a R$341.6 million ($66.34 million) loss from the previous...
Ferbasa Slumps, Even Grows, Ânima Turns Profit in Q1
Ferbasa (FESA4) reported a net profit of R$41.1 million ($7.98 million) for Q1 2024, marking a 68.8% decline from the same period last year.
Adjusted...