Brasília Signs a $1.2bn Bank Bailout as Fraud Fallout Spreads
Brazil signed a R$6.6B rescue loan for BRB bank on June 24 after fake Master portfolios crippled it—deposit-guarantee funds cover...
June 24, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Chile’s Cencosud Buys a São Paulo Grocer to Court Rich Shoppers
Chile's biggest retailer is buying a premium São Paulo supermarket chain, trading cheap stores for upscale ones in a bet...
June 24, 2026
Brazil’s Northeast Lands a $2.2bn German-Backed Green Hydrogen Plant
A two-billion-euro green hydrogen and ammonia plant backed by Siemens and ThyssenKrupp clears a first licence in Brazil, aimed at...
June 24, 2026
India Quits the Sugar Trade for Years, Handing Brazil the Gap
India, the world's number-two sugar exporter, is leaving the export market for years. That hands Brazil, already the biggest seller,...
June 24, 2026
Brazil’s Soybean Boom Slows to Its Weakest Pace in 20 Years
Brazil will plant a record soybean area in 2026/27, but the increase is the smallest in two decades as tight...
June 24, 2026
Brazil’s Previ Drops Bid to Control Vale’s Chair, Backs an Independent
Previ, Vale's 7% owner, drops chairman nomination but backs independent Ollie Oliveira at July 22 vote to remove Daniel Stieler....
June 23, 2026
Police Raid Digimais, the Bank of Brazil’s Most Powerful Bishop
Brazil's Federal Police raided Digimais, billionaire bishop Edir Macedo's bank that Fitch warns may fail, freezing R$670m as the Master...
June 23, 2026
Brazil’s Farm Rio May Be Worth More Than the Group That Owns It
Farm Rio valuation hits $850M–$1.06B, surpassing owner Azzas 2154's $697M market cap. Morgan Stanley weighs sale, spin-off, or IPO for...
June 23, 2026
The Cali Factory That Beat Asia to Make Colombia’s World Cup Shirt
Supertex in Cali produces 900,000 Colombia World Cup shirts per cycle. Adidas calls Colombia the world's best at fabric sublimation,...
June 23, 2026