Vale Leads $5 Billion Consortium With Gerdau in Porto Sudeste Bid
Vale and Gerdau are bidding for Porto Sudeste, the Itaguaí iron-ore terminal held by Trafigura and Mubadala, in a deal...
May 1, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Brazil Posts Biggest Monthly Fiscal Deficit Since COVID at R$199 Billion
Brazil's fiscal deficit exploded to R$199.6 billion in March 2026, far above the R$148 billion forecast. Debt hit 80.1% of...
May 1, 2026
Brazilians Get 90% Discount on Debts If They Quit Online Betting
Launching May 4, Desenrola Brasil 3.0 offers 30–90% debt discounts and lets workers use 20% of FGTS—but bans them from...
May 1, 2026
Petrobras Q1 Production Hits Record 3.23 Million Barrels per Day
Petrobras Q1 production hit a record 3.23 million barrels of oil per day, up 16% year on year. Búzios and...
May 1, 2026
Mercosur EU Trade Deal Day One: Tariffs Begin Falling on 5,000 Products
The Mercosur EU trade deal enters force May 1, cutting tariffs on 5,000 products. Brazil sends Singapore and EFTA pacts...
May 1, 2026
Suzano Q1 2026 Profit Falls 32% as Strong Real Overwhelms Record Pulp Sales
Suzano (SUZB3) Q1 2026 net income fell 32% to R$4.3 billion as 10% BRL appreciation compressed earnings. EBITDA -6% on...
May 1, 2026
Brazil’s Financial Morning Call for Friday, May 1, 2026
Brazil's morning call covers the Ibovespa's +1.4% rebound to 187,318, Brent's reversal from $126 to $114, S&P 500 record above...
May 1, 2026
Pemex Taps Petrobras Expertise for Gulf of Mexico Exploration
Pemex Petrobras cooperation deal covers deep-water exploration, refining, and biodiesel. Sheinbaum plans May visit to Brazil. Technical teams meet May...
April 30, 2026
Brazil Correios Posts R$3.4 Billion Loss in First Quarter
The Correios loss hit R$3.4 billion in Q1 2026, nearly doubling from a year earlier. Fuel, personnel, and logistics expenses...
April 30, 2026