Margin Squeeze Hits Mexico’s Santander, Coke Andina
Santander Mexico and Coca-Cola Andina both grew their top lines in Q2 but saw profits flatline or fall. The results...
July 29, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Peru-Guatemala FTA Opens Duty-Free Access to US$2 Billion Market
The Peru–Guatemala FTA entered into force on 1 July 2026, slashing tariffs on agro-industrial and manufactured goods and giving Peruvian...
July 29, 2026 OMA Net Income Climbs 10.2% on Non-Aeronautical Sales
Mexican airport operator OMA posted a 10.2% rise in Q2 net income, lifted by commercial revenue even as international passenger...
July 29, 2026
Sargassum Closes 70 Tulum, Mexico Businesses
Around 70 Tulum businesses have closed this year as record sargassum shuts beaches across Mexico's Caribbean coast. What it costs...
July 29, 2026
Panama Hands David and Rio Hato Airports to Operators
Panama is bundling Enrique Malek and Scarlett Martínez airports into a single private operation-and-maintenance concession, with a tender expected in...
July 29, 2026
Marriott’s First Autograph Collection in Buenos Aires for US$30M
Marriott will bring its first Autograph Collection hotel to Buenos Aires, a US$30 million Pride Developer project blending a historic...
July 29, 2026
Uruguay Global Bonds Reopen, Raising US$1.7 Billion
Uruguay reopened its global bonds for US$1.697 billion, cutting its peso yield to 7.75% and pricing a USD tranche at...
July 29, 2026
State Street Brazil Custody Deal Adds US$470 Billion in Assets
State Street will acquire Santander CACEIS Latam Securities Services, a custody and asset-servicing platform in Brazil, Mexico and Colombia. What...
July 29, 2026 Brazilian Homebuilder MRV Resia Sells Texas Assets for US$139M
Brazilian homebuilder MRV sold two Texas multifamily properties through its Resia unit for US$139 million, taking a book loss to...
July 29, 2026