Congo Approves a US$1.26 Billion Railway for the Lobito Corridor
The Lobito Corridor railway wins a draft US$1.26 billion Congolese convention with Mota-Engil to rebuild 1,004.5 km of track toward...
August 4, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Colombia’s Ecopetrol Profit Soars 235% to US$1.88 Billion in Q2
Colombia's state oil company posted its highest quarterly profit in nearly four years as Brent averaged $96.70 in Q2 2026,...
August 4, 2026
Brazil Oil Output Hits Record 4.5 Million Barrels a Day in June, Up 19%
ANP data shows Brazil produced 4.475 million barrels of oil per day in June, an all-time high, with pre-salt fields...
August 4, 2026
Argentina’s YPF Executes Stock Split in Push for Global Top 20
Argentina's state oil company splits its shares 10-for-1 today, part of CEO Horacio Marín's plan to attract retail investors and...
August 4, 2026
Raízen US$12.1 Billion Restructuring Homologated as Shell Set to Take Control
A São Paulo court homologated Raízen's R$61.4 billion extrajudicial restructuring on July 30, converting 45% of debt into new shares...
August 4, 2026
China 8217 Huaxin Leads US$2.4B Bid for Brazil’s CSN Cimentos
Huaxin Cement's roughly R$12 billion bid tops rivals Votorantim and Sinoma for CSN's cement arm ahead of binding-offer deadline on...
August 4, 2026
Brazil’s Bradesco Launches US$2 Billion Capital Raise
Banco Bradesco's controlling shareholders backstop 80% of its R$10 billion capital raise as Goldman Sachs, Citi and BTG Pactual research...
August 4, 2026
Colombia Tax-for-Works Program Eyes US$1.2B at 2026 Fair
Colombia's Obras por Impuestos channel has surged and Medellín's EXPOCAMACOL eyes over US$1.2 billion in deals amid a construction upswing.
August 3, 2026
Brazil Joins China-Led AI Body WAICO as US Stays Out
Brazil is a founding member of WAICO, China’s new world AI body launched in Shanghai—a hedge in the US-China AI...
August 3, 2026