No Bidders Show for Oi’s Last Big Asset as Telecom Wind-Down Stalls
Oi's court auction for its last big asset drew no bidders, stalling the wind-down of Brazil's collapsed former telecom champion...
June 18, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Brazilian Banks Fight Foreign Bondholders Over Ambipar in US Court
Bradesco, Banco do Brasil and Sumitomo ask a Houston court to block a plan handing Ambipar's US emergency-response arm to...
June 18, 2026
Brazil’s Braskem Moves to Skip Bond Payments as a New Owner Takes Control
The Braskem restructuring skips US$141M in July bond interest and US$36M in August as IG4 Capital takes control of the...
June 18, 2026
Vale’s New Brazil Mine Scare Wasn’t the Dam Disaster It Looked Like
Overflows hit two Vale mines in Brazil, but it was not a dam collapse, and courts rejected about R$2.8 billion...
June 18, 2026
Embraer’s Flying-Taxi Bet Slips to 2028
Embraer's electric air-taxi venture, Eve, has pushed its certification target to 2028 — the third time the timeline has slipped...
June 18, 2026
South Africa Lands a $1 Billion BRICS Bank Loan to Fix Its Cities
A $1 billion BRICS bank loan will help South Africa upgrade water, power, sanitation and waste services across its eight...
June 18, 2026
Cosan Sells $345m of Farmland to Chip Away at Its Big Debt
Cosan sold a slice of its Brazilian farmland for 1.85 billion reais, the latest move to shrink the heavy debt...
June 17, 2026
Chevrolet Starts Building Chinese-Designed EVs in Brazil’s Northeast
Chevrolet has begun assembling an electric SUV in Brazil's northeast using kits shipped from China, chasing the country's fast-growing EV...
June 17, 2026
China Eyes Every Brazil Railway Project as Auctions Approach
Chinese firms are circling every project in Brazil's railway auction pipeline, the transport minister says, with about two groups studying...
June 17, 2026