Record US$254 Million Revenue for Brazilian Builder Tenda
Tenda’s Q2 revenue hit a record near US$254 million, up 30%, and the homebuilder raised 2026 guidance even as net...
August 5, 2026Section
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Brazil’s Olympikus Owner Posts US$28M Profit, Launches Buyback
Vulcabras, maker of Olympikus, held Q2 profit near US$28 million and approved a buyback of up to 15 million shares...
August 5, 2026
C&A Brazil Posts Record Q2 Profit Near US$26 Million
C&A Brazil delivered a record quarterly profit near US$26 million, up 4.3%, as apparel sales grew even after the World...
August 5, 2026
Brazil Mall Operator Iguatemi’s Recurring Profit Jumps 22%
Iguatemi’s Q2 profit fell about 36% as high Selic rates bit, though recurring earnings rose 22%. Brazil’s mall operator netted...
August 5, 2026
GPA Q2 Loss Widens to US$50 Million Amid Supply Crisis
GPA Q2 loss widened to about US$50 million as revenue fell 9.6%, with a supply and logistics crisis tied to...
August 5, 2026
236% Profit Surge at Brazilian Steelmaker Usiminas Hits US$84M
Usiminas Q2 profit soared about 236% to US$84 million, but shares fell as analysts flagged a tougher second half for...
August 5, 2026
Gerdau Q2 Profit Jumps 70% to US$287 Million
Gerdau Q2 profit rose about 70% to US$287 million, with US$89 million in dividends, a share buyback and lower net...
August 5, 2026
16 Brazilian Officials Lose US Visas as Ambassador Targeted
The US revoked the Brazilian ambassador's visa in a reciprocal move; Brasília called the justification false as at least 16...
August 5, 2026
Gávea Exits Multimarket Funds After 23-Year Run
Gávea Investimentos, founded by ex-Central Bank chief Armínio Fraga, is closing its multimarket funds as Brazil's high Selic rate reshapes...
August 5, 2026
Peru’s US$1 Billion Coca-Cola Expansion to Overhaul Production
President Keiko Fujimori says Coca-Cola Peru and bottler Arca Continental Lindley will invest US$1 billion over five years, unveiled at...
August 5, 2026
Illegal Gold in Colombia Now Rivals Coffee at US$3.5 Billion
A Universidad EAFIT study says Colombia's illegal gold moves about US$3.5 billion a year, now comparable to the country's coffee...
August 5, 2026
Mexico’s 98M Prepaid Lines Face CURP ID Cutoff Starting Aug 15
About 98 million unregistered Mexican mobile lines face suspension as the CURP phone registration reaches its first Aug 15 cutoff....
August 5, 2026
PRIO Q2 Profit Jumps 169% to US$413 Million on Record Output
PRIO's Q2 net profit rose 169% to US$413 million on record output near 172,000 boepd and a record EBITDA around...
August 5, 2026
Compass IPO Ends Brazil’s 5-Year IPO Drought, Raises up to US$630M
Compass, Cosan's gas arm, priced its B3 IPO at the low end and raised up to US$630 million, ending Brazil's...
August 5, 2026
Chile’s Codelco Halts El Teniente Expansion over Seismic Risk
Codelco suspended El Teniente's Andes Norte over an emerging deep-seismic risk, halting a key expansion and affecting four contractors and...
August 5, 2026
Retraction: 3G Capital insider-trading article (5 August 2026)
This article has been retracted. The Rio Times has withdrawn its 5 August 2026 piece on a 3G Capital insider-trading...
August 5, 2026
Nu México Full Bank License Protects 15 Million Deposits
Nu México becomes a full bank on August 6, giving Nubank's Mexican arm payroll accounts and stronger deposit insurance as...
August 5, 2026
US$2.4 Billion Profit Extends Itaú Unibanco’s Record Streak
Itaú Unibanco's Q2 profit hit a record of about US$2.4 billion, up 7.8%, but the bank cut its 2026 fee-and-insurance...
August 5, 2026
49.7% Win Passes Audit as Colombia Swears in New President
An international runoff audit found no fraud in Colombia's 2026 vote as president-elect Abelardo de la Espriella is sworn in...
August 5, 2026
18 Nations Join US-Led Anti-Cartel Coalition in the Americas
A U.S.-led anti-cartel coalition now groups 18 Western Hemisphere nations, from Chile to Colombia, under a new Southern Command task...
August 5, 2026