Walmex Profit Dips as World Cup Lift Falls Short
Walmex net profit fell 0.7% to MX$11.15B as a weaker-than-expected World Cup bump and soft consumer spending forced the retailer...
July 23, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
El Salvador’s Bukele Cleared for Third Term in 2027
President Nayib Bukele has been cleared for a third consecutive run in 2027, following a 2025 reform that abolished El...
July 23, 2026
Avianca Owner Grupo Abra Orders 100 LEAP Engines
Grupo Abra has selected 100 CFM LEAP-1A engines to power 50 new Airbus A320neo-family jets for Avianca, deepening fleet commonality...
July 23, 2026
Mexico’s ASUR Airport Group Downgraded on Cancún Drop
JPMorgan cuts ASUR to Underweight after Cancún passenger numbers fell 11.5% in June 2026. Mexico traffic dropped 8.5% as rivals...
July 22, 2026
Cementos Pacasmayo Profit Jumps 58% on Peru Rebound
Cementos Pacasmayo posted a 58.4% net profit surge in first-half 2026, signaling a clear construction recovery in northern Peru led...
July 22, 2026
Mexico’s Banorte Bank Posts US$889M Profit on Loan Growth
Grupo Financiero Banorte posted a US$889 million second-quarter profit, up 6% as consumer lending drove an 8% expansion in its...
July 22, 2026
XP Enters Card Machines, Challenging Brazil’s Stone and Cielo
XP's card machines hit R$52.2 billion in TPV for 2025, up 9%, with 1.5 million active cards. See how the...
July 22, 2026
Why Global Money Is Flowing to Brazilian Asset Managers
Brazilian asset managers are capturing a fresh wave of global capital as foreign investors rotate back into Latin America's largest...
July 22, 2026
Petrobras Confirms New Oil Find Off Rio de Janeiro Coast
Petrobras confirms a new oil discovery in the Sudoeste de Tartaruga Verde block, 108km off Rio. Post-salt find confirmed via...
July 22, 2026