One Brazilian Oil Field Now Out-Pumps Whole OPEC Nations
Petrobras says its Búzios field now pumps over one point two million barrels a day, more than several OPEC members,...
June 30, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Cosan Drops the Denials and Puts Its Rumo Stake in Play
Cosan confirms it may sell part of its ~20% Rumo stake, hiring BTG Pactual to explore options as net debt...
June 30, 2026
Brazil’s Record Farm-Credit Plan Is Smaller Than It Looks
The Brazil Plano Safra for 2026/27 is a record on paper, but high rates and a tight budget leave the...
June 30, 2026
Brazil’s iFood Asks Regulators to Probe Its Chinese Delivery Rivals
An iFood Cade complaint asks Brazil's antitrust watchdog to investigate Chinese-backed rivals 99Food and Keeta over deep discounts. Note the...
June 30, 2026
Braskem Hits Near-Default Grade Even as Its Shares Rally
Braskem downgrade hits C at Fitch and default territory at S&P, yet shares surged 6%. One July payment could trigger...
June 30, 2026
Brazil Moves to Lift the Cap on Its 13 Million Microbusinesses
Brazil sent Congress a bill to lift the MEI microbusiness revenue cap to R$110,000 in 2027 and R$140,000 in 2028,...
June 30, 2026
Raízen’s Loss Balloons to $1.45 Billion as Brazil’s Biggest Debt Deal Nears
Raizen posted a $1.45B Q4 loss as Brazil's largest sugar-ethanol producer enters the country's biggest debt deal; Shell and IG4...
June 30, 2026
SLC Agricola Wins a $358M Land Fight, and JP Morgan Winces
SLC Agricola exercised its first-refusal right to buy Radar farmland in Mato Grosso for 1.85 billion reais, beating Bom Futuro....
June 29, 2026
iFood Is Now Selling Decolar Trips, and the Numbers Just Landed
Prosus FY2026 results show the iFood and Decolar tie-up working in Brazil, with one in five travel sales now coming...
June 29, 2026