Petrobras Falls Below R$600 Billion as Oil Slide Hits 2-Month Low
Petrobras shares fell to a two-month low as Brent slid almost 7%, wiping R$16.5 billion off its value and dropping...
May 26, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Brazil’s Trade Surplus Hits US$30.4 Billion So Far in 2026
Brazil's trade surplus reached US$30.4 billion this year through the third week of May, up nearly 33% on 2025, with...
May 26, 2026
France’s Loxam Buys Control of Brazil’s Mills for R$3.8B
France's Loxam is buying a 50.3% stake in Brazil's Mills at a 22% premium, entering the country's equipment-rental market in...
May 25, 2026
Rio Moves to Seize Refit Refinery From Fugitive Magro
Rio's interim governor moved Sunday to seize Refit refinery from fugitive Magro to offset R$9.4 billion in state tax debt,...
May 25, 2026
Brazil’s Bank Stocks Shed R$80 Billion on Credit Warning
Brazil's four big banks have shed roughly R$80 billion in market value since Q1 earnings, with Banco do Brasil profit...
May 25, 2026
Lula Personally Told Master Banker to Reject BTG Buyout
Police documents show Lula advised Banco Master owner Vorcaro at the Planalto in December 2024 to reject a 1-real BTG...
May 25, 2026
Brazil Has 30 Days to Strike Deal on Trump’s 40% Tariff
Brazil and US opened a 30-day group to negotiate Trump's 40 percent tariff after the May 7 Lula-Trump meeting, with...
May 25, 2026
Brazil’s Bradesco Targets Ultra-Rich With Private-Jet Loans
Bradesco's Miami arm launched a dollar credit line for private jets, financing up to 75% of cost, as Brazilian banks...
May 22, 2026
Brazil Opens $179M Airline Credit Line as Jet Fuel Doubles
Brazil approved a $179 million Brazil airline credit line on Wednesday to cover working capital at domestic carriers, after jet...
May 22, 2026