Brazil Will Make Crypto Exchanges Hold Capital Like Banks
Brazil will treat crypto exchanges like brokerages under new central bank rules, forcing them to hold capital and manage risk...
July 2, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
How Afrobeats Turned Into One of Nigeria’s Biggest Exports
The Afrobeats export now earns Nigeria about $600m a year in music revenue, as festivals, streaming and world tours turn...
July 2, 2026
Suzano Closes $1.3 Billion Deal to Launch Tissue Giant Arbex
The Suzano tissue venture is live: the Brazilian pulp giant has closed its deal with Kimberly-Clark and launched a global...
July 1, 2026
Why MercadoLibre’s Future Now Rests on Its Bank, Not Its Store
MercadoLibre fintech arm Mercado Pago is set to grow faster than its store, and analysts say that shift is the...
July 1, 2026
Brazil Minted 9,000 New Millionaires, and the Gap Only Grew
Brazil added 9,215 millionaires in 2025, reaching 386,000—Latin America's most. Yet 69% of adults hold under $10,000, per UBS Global...
July 1, 2026
Toyota Closes Its Corolla Plant in Brazil After 28 Years
Toyota shut its Indaiatuba Corolla plant on June 30 after 28 years and 1M+ cars built. Production moves to Sorocaba...
July 1, 2026
Brazil’s Farm-Credit Plan Lands Below What Farmers Wanted
Brazil set its 2026/27 farm-credit plan at 525 billion reais for commercial farming, a nominal record that still fell short...
July 1, 2026
Nubank Bids for a Portuguese-Owned Bank to Win a Full License
Nubank filed a binding €42M offer for Banco Caixa Geral Brasil to secure a full banking license it still lacks....
July 1, 2026
Brazil’s Job Creation Slows to Its Weakest May Since 2020
Brazil added just under 73,000 formal jobs in May, the softest reading for the month since the pandemic year of...
July 1, 2026