236% Profit Surge at Brazilian Steelmaker Usiminas Hits US$84M
Usiminas Q2 profit soared about 236% to US$84 million, but shares fell as analysts flagged a tougher second half for...
August 5, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Gerdau Q2 Profit Jumps 70% to US$287 Million
Gerdau Q2 profit rose about 70% to US$287 million, with US$89 million in dividends, a share buyback and lower net...
August 5, 2026
Gávea Exits Multimarket Funds After 23-Year Run
Gávea Investimentos, founded by ex-Central Bank chief Armínio Fraga, is closing its multimarket funds as Brazil's high Selic rate reshapes...
August 5, 2026
Peru’s US$1 Billion Coca-Cola Expansion to Overhaul Production
President Keiko Fujimori says Coca-Cola Peru and bottler Arca Continental Lindley will invest US$1 billion over five years, unveiled at...
August 5, 2026
Illegal Gold in Colombia Now Rivals Coffee at US$3.5 Billion
A Universidad EAFIT study says Colombia's illegal gold moves about US$3.5 billion a year, now comparable to the country's coffee...
August 5, 2026
Mexico’s 98M Prepaid Lines Face CURP ID Cutoff Starting Aug 15
About 98 million unregistered Mexican mobile lines face suspension as the CURP phone registration reaches its first Aug 15 cutoff....
August 5, 2026
PRIO Q2 Profit Jumps 169% to US$413 Million on Record Output
PRIO's Q2 net profit rose 169% to US$413 million on record output near 172,000 boepd and a record EBITDA around...
August 5, 2026
Compass IPO Ends Brazil’s 5-Year IPO Drought, Raises up to US$630M
Compass, Cosan's gas arm, priced its B3 IPO at the low end and raised up to US$630 million, ending Brazil's...
August 5, 2026
Chile’s Codelco Halts El Teniente Expansion over Seismic Risk
Codelco suspended El Teniente's Andes Norte over an emerging deep-seismic risk, halting a key expansion and affecting four contractors and...
August 5, 2026