UBS Brazil Chief Says Global Chaos Now Favours Brazilian Markets
Daniel Bassan, CEO of UBS Brazil and head of UBS Latin America, told O Globo that global instability has placed...
May 18, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
The Man Who Tried to Sell Brazil: Inside the Salim Mattar Story
Localiza (B3 ticker RENT3) is Latin America's largest car-rental operator, valued at tens of billions of reais. Founded 1973 in...
May 18, 2026
Petrobras Signs $2.2B Vessel Deal, Creating 7,000 Brazil Jobs
Brazilian state-controlled oil major Petrobras (B3: PETR3, PETR4; NYSE: PBR) signed eight contracts totaling R$11 billion ($2.18 billion)
May 18, 2026
Lula Unveils Petrobras $7.3B Investment Plan for São Paulo
Brazilian President Luiz Inácio Lula da Silva announced Monday afternoon that Petrobras (B3: PETR3, PETR4; NYSE: PBR)
May 18, 2026
Brazil’s Margem Equatorial Could Rival Pre-Salt, Says BNDES Chief
Aloizio Mercadante, president of Brazil's national development bank BNDES, said geological studies and continental-shelf mapping indicate
May 18, 2026
Brazil’s 4 Biggest Banks Raise Loan Provisions 33% to $8.9B
Brazil's four largest banks — Banco do Brasil (B3: BBAS3), Santander Brasil (B3: SANB11), Itaú Unibanco (B3: ITUB4), and Bradesco
May 18, 2026
Brazil’s Financial Morning Call for Monday, May 18, 2026
The S&P 500 fell 1.24% to 7,408.50, the Dow dropped 1.07% back below 50,000 to 49,526, and the Nasdaq declined...
May 18, 2026
GEB and Quebec Pension Giant Form Brazil’s 5th Power Player
Quebec pension manager La Caisse and Colombia's Grupo Energía Bogotá (GEB) signed a final agreement on May 15
May 15, 2026
Lula Offers Pemex a Brazil Offshore Deal as New CEO Takes Over
President Luiz Inácio Lula da Silva said on May 14 in Camaçari, Bahia, that Brazil wants to drill in deepwater...
May 15, 2026