Brazil Moves Closer to Stripping Enel of Its São Paulo Grid
Brazil rejected Enel's appeal in the Enel São Paulo concession case after a 2025 storm cut power to 2.2 million...
July 12, 2026Section
Brazil Markets
Daily coverage of Brazil’s financial markets – the Ibovespa index, the real (BRL), interest rates set by the Banco Central do Brasil, and the blue-chip names that move the bourse such as Petrobras, Vale, Itau and Nubank. The Rio Times tracks each B3 trading session, the Copom rate decisions, inflation (IPCA) prints and the policy headlines that drive Latin America’s largest equity market. Here you will find our running stream of Brazil stock-market reports, the daily Financial Morning Call and analysis aimed at investors who need a clear, English-language read on Sao Paulo’s markets. Bookmark this hub for the latest Ibovespa close, real exchange-rate moves and corporate earnings from Brazil.
Brazil’s Coffee Exporters Ask the US to Spare Instant Coffee
Brazil instant coffee could face a 25% US tariff, while green coffee won an exemption. Exporters told a Washington hearing...
July 12, 2026
Brazil Advances 86 Amazon-Coast Oil Blocks for an October Auction
Brazil's regulator cleared 86 Equatorial Margin blocks for study before an October auction, on a frontier the government says could...
July 12, 2026
A Court Won’t Let Fictor, the Banco Master Bidder, Remove Its Watchdog
A São Paulo court refused to remove the watchdog in the Fictor judicial reorganization, an R$4.3bn ($835m) case, as creditors...
July 11, 2026
JBS Loses $230m on American Beef and Makes Money in Brazil
JBS beef lost about $230m in North America last quarter while its Brazil unit made $168m, a filing shows. Here...
July 11, 2026
Brazil Wants a Veto on Mining Sales It Does Not Yet Have
Brazil mining sales have no prior-approval rules today — Energy Minister Silveira wants that changed after Serra Verde's $2.8bn sale...
July 11, 2026
Lula Tells Trump to ‘Worry’ About Brazil’s Rare Earths
Lula told Trump to worry about Brazil in the Lula rare earths race, citing 21 million tonnes of reserves, then...
July 11, 2026
JBS Drops 2040 Net-Zero Goal After a Greenwashing Settlement
JBS scrapped its 2040 net-zero goal, cutting Scope 3 emissions that are over 90% of its footprint. A $1.1m US...
July 11, 2026
Itaú Is the Only Latin American Bank in SWIFT’s Blockchain Launch
Itaú SWIFT blockchain pilot launched July 9 with 17 banks across six continents. Itaú Unibanco is Latin America's only bank,...
July 11, 2026