Petrobras P-32 Recycling Yields 44,000 Tonnes of Steel
A retired Petrobras P-32 platform, over 44,000 tonnes, has been dismantled in Brazil and is being melted into new steel...
July 26, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Brazilian Miner Buritirama Surpasses Vale in Manganese Exports
Buritirama now controls 70% of Brazil’s manganese exports, surpassing Vale from Latin America’s largest open-pit mine in Pará with 2.5M-tonne...
July 26, 2026
Guyana Oil Debt Hits US$7.7 Billion in 2026: Curse Fears
Guyana oil debt reached US$7.7 billion in 2026, up sixfold since first oil in 2019, reviving resource-curse fears despite record...
July 26, 2026
Colombia’s Siigo Raises US$103.5 Million to Fund Regional Expansion
Colombian SME-software maker Siigo raised US$103.5 million, with Banco de Occidente contributing US$18.5 million, to expand across Latin America.
July 26, 2026
Banorte Weighs Another Run at Banamex as Citi Reshapes the Sale
Banorte reconsiders a Banamex bid after Citi sells a 24% stake for US$2.5B to investors like Blackstone and Qatar, moving...
July 26, 2026
Habib’s debt protection shields $58 million from creditors
Grupo Gennius, owner of Habib's and Ragazzo, won a 60-day suspension of debt collection to renegotiate R$312.4 million (about US$58...
July 26, 2026
Itaúsa Interest on Capital: Brazil Holding OKs $285M Payout
Brazil's Itaúsa approved R$1.547 billion (about US$285 million) in interest-on-capital, R$0.138 per share, payable by 31 August 2026.
July 26, 2026
Brazil’s Vibra Energia Enters Argentina’s Lubricants Market
Vibra Energia Argentina expansion begins with Lubrax relaunch, targeting 12% of the Argentine lubricants market via distributors covering 80% of...
July 26, 2026
Volaris Q2 2026: $127M Loss as Fuel Costs Surge
Volaris Q2 2026 net loss hits US$127 million as jet fuel costs spike 36% of operating expenses, yet revenue rose...
July 26, 2026