Brazil’s Richest Family Bets on Energy as Iran War Drags On
Family offices controlling billions in global wealth are ramping up exposure to oil and gas assets during the Iran war-driven...
May 19, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Brazil’s Copasa Privatization Cleared; Aegea, Sabesp Bid
Copasa’s privatization process moves forward after Minas Gerais’ Court of Accounts unanimously approves a share offering, triggering a stock rally...
May 19, 2026
Brazil’s Oil Tax Windfall Hits $1.5 Billion Per Month
Brazil’s Finance Ministry projects a significant fiscal windfall from high oil prices, with increased petroleum revenues offsetting government costs and...
May 19, 2026
Brazil Treasury Backs Rate Cuts Despite Iran War Inflation
Brazil’s Finance Ministry states the economy is not in a position to reverse the rate-cutting cycle, even as inflation forecasts...
May 19, 2026
TikTok’s Brazil Data Center Gets $2B Wind Power Deal
Brazilian data-center developer Omnia, the digital infrastructure platform of Pátria Investments, signed a $2 billion (R$10.1 billion) 20-year energy supply...
May 19, 2026
Petrobras Runs Refineries Above 100% Capacity for First Time Since 2014
Petrobras is operating above full refinery capacity for the first time in years, with utilisation exceeding 100% in April and...
May 19, 2026
Brazil’s Largest Broker XP Q1 Profit $261M, Below Estimates
Brazilian fintech XP Inc. (Nasdaq: XP; B3: XPBR31), the country's largest independent investment platform with approximately R$1.5 trillion ($297 billion)...
May 19, 2026
Brazil’s Financial Morning Call for Tuesday, May 19, 2026
Brazil’s morning market briefing highlights easing oil-war tensions after Trump halted a planned Iran strike, while rising US Treasury yields...
May 19, 2026
Brazil’s Treasury Capitulates: 2026 Inflation Forecast Jumps to 4.5%
Brazil’s economic outlook has been revised upward for inflation as rising oil prices linked to Middle East tensions pressure costs,...
May 18, 2026