Embraer Takes Full Control of 1,100-Worker Chihuahua Plant
Embraer bought out Safran to take full control of its Chihuahua plant in Mexico, which builds cabin interiors for its...
August 5, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Record US$254 Million Revenue for Brazilian Builder Tenda
Tenda’s Q2 revenue hit a record near US$254 million, up 30%, and the homebuilder raised 2026 guidance even as net...
August 5, 2026
Brazil’s Olympikus Owner Posts US$28M Profit, Launches Buyback
Vulcabras, maker of Olympikus, held Q2 profit near US$28 million and approved a buyback of up to 15 million shares...
August 5, 2026
C&A Brazil Posts Record Q2 Profit Near US$26 Million
C&A Brazil delivered a record quarterly profit near US$26 million, up 4.3%, as apparel sales grew even after the World...
August 5, 2026
Brazil Mall Operator Iguatemi’s Recurring Profit Jumps 22%
Iguatemi’s Q2 profit fell about 36% as high Selic rates bit, though recurring earnings rose 22%. Brazil’s mall operator netted...
August 5, 2026
GPA Q2 Loss Widens to US$50 Million Amid Supply Crisis
GPA Q2 loss widened to about US$50 million as revenue fell 9.6%, with a supply and logistics crisis tied to...
August 5, 2026
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, 2026
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