South America’s Trade Bloc Mercosur Turns to Japan After Sealing Europe
Brazil's Lula says Mercosur and Japan could launch free-trade talks on June 30, a pivot to Asia weeks after the...
June 16, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Brazil Regulator Suspends Ecopetrol’s Brava Takeover
Brazil's market regulator has suspended Colombian oil firm Ecopetrol's takeover of Brava Energia, leaving a planned June 25 auction in...
June 16, 2026
Morocco Wins $650 Million from the World Bank for Its Digital and Climate Push
Morocco's digital transformation gets a $650 million World Bank boost for the Digital Morocco 2030 plan, AI, startups and climate...
June 16, 2026
Seplat Energy Names Tony Elumelu Chairman in a Nigerian Oil Power Shift
The Seplat Energy leadership shake-up names Tony Elumelu chairman from 2027 and Effiong Okon CEO, marking a power shift in...
June 16, 2026
Colombia’s State Oil Giant Moves to Take Over a Brazilian Producer
Colombia's Ecopetrol is moving to take control of Brazilian oil producer Brava Energia, with a tender auction set for June...
June 16, 2026
CSN, The Brazilian Steel Giant Is Selling Its Ports and Rails
A Brazilian steel giant has put its ports, a railway stake and a logistics firm up for sale, a multibillion-dollar...
June 16, 2026
A Buyout Firm Bids to Seize Control of Brazil’s Raízen
IG4, the firm that just took control of Braskem, is now bidding for Raízen, offering to buy creditor debt and...
June 16, 2026
Brazil’s Weight-Loss Drug Market Enters a Price War
A Mounjaro price cut in Brazil, days before a cheaper local pen arrives, has touched off a price war in...
June 16, 2026
Steelmaker Gerdau Now Self-Generates Half Its Own Clean Power
Steelmaker Gerdau is taking full control of a Brazilian hydro plant, pushing its self-generated clean power past half of what...
June 16, 2026