Grupo Argos Launches US$123 Million Buyback and Turns Odinsa Into an Asset Manager
Grupo Argos will repurchase US$123 million of shares under its ACE 1.0 plan and turn Odinsa into Argos Asset Management,...
August 6, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Peru Mining Lobby Presses Government to Fast-Track Tía María
SNMPE wants Peru to prioritise Tía María, Southern Copper’s US$1.8 billion copper project, now targeted to start in 2027.
August 6, 2026
Mineros Posts Record US$559 Million First Half on Higher Gold Prices
Mineros posted record first-half 2026 revenue of US$559 million, adjusted EBITDA of US$260 million and record net profit of US$133...
August 6, 2026
Iran War Cost Brazil’s Airlines US$1 Billion in Extra Fuel
Brazil’s Azul, Gol and Latam booked about R$5.2 billion (some US$1 billion) in extra fuel costs from the Iran war,...
August 6, 2026
Brazil’s CADE Clears Santander’s Webmotors Taking Full Control of Loop
Brazil’s antitrust regulator CADE cleared, without restrictions, Santander’s Webmotors buying Estapar’s 49% of Loop, giving it full control of the
August 6, 2026
Coca-Cola FEMSA Raises Mexican Soda Prices by up to US$0.29 a Bottle
Coca-Cola FEMSA raised Mexican soda prices by 1 to 5 pesos (US$0.06-US$0.29) on August 4, 2026, after Mexico's IEPS sugary-drinks...
August 6, 2026
US$270M Cancún Medical Hub Aims to Pull US Patients to Mexico
Governor Mara Lezama signed a US$270 million medical nearshoring deal to build a Premier Medical Destination Center in Cancún's tech...
August 5, 2026
Guatemala City’s 8.6km AeroMetro Cable Car Breaks Ground
Austria's Doppelmayr will build the AeroMetro cable car linking Guatemala City and Mixco: two lines, 8.6 km, 12 stations, opening...
August 5, 2026
Pampa Energía Posts Record Q2, Eyes US$11 Billion Plan
Pampa Energía posted record Q2 2026 results, with EBITDA up 75% to US$415M, as it advances a near US$11 billion...
August 5, 2026