Colombia’s Ecopetrol Revives Its Brava Energia Bid in Brazil
Ecopetrol’s Brava Energia takeover resumes with a R$23/share tender offer—a 20.9% premium—after Brazil’s CVM lifted its suspension and CADE cleared...
July 16, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
JPMorgan Names the Top Winners of Chile’s Tax Overhaul
Investment bank JP Morgan names Santander Chile, Falabella, LATAM Airlines and SQM as the key listed companies best positioned to...
July 16, 2026
Chile’s Codelco Delays Its Maricunga Lithium to 2034
Chilean state copper miner Codelco delays its Maricunga lithium project to 2034, pushing production eight years past the government's 2030...
July 16, 2026
Norway’s Wealth Fund Backs 20 Mexican Companies
Norway sovereign wealth fund Mexico: The $2.05 trillion giant keeps stakes in 20 companies despite dumping Pemex bonds. See which...
July 16, 2026
Cemex Wins €200 Million From Spain’s Green Fund
Cemex secured Spain’s largest single industrial decarbonization grant of €200M for its Tarragona plant, targeting near-zero-emission clinker production under EU...
July 16, 2026
Brazil’s Axia Energia Sells Power-Grid Stakes for $89 Million
Axia Energia sells transmission stakes to Gebbras for 451 million reais and reports a 2.6 billion reais adjusted profit in...
July 16, 2026
Airport Operator GAP and FEMSA Drag Down Mexico’s Bolsa
GAP Q2 revenue hit just US$37M, missing forecasts by 94% as passenger traffic fell 5.6%. FEMSA profit also declined, dragging...
July 16, 2026
Carlos Slim’s Grupo Carso Sees a Sharp Profit Drop
Grupo Carso Q2 profit fell 42.3% to MXN 2.68B as currency swings and a 29% construction sales plunge hit Carlos...
July 16, 2026
Chipotle Opens Its First Restaurant in Mexico
U.S. fast-casual chain Chipotle Mexican Grill opens its first restaurant in Mexico in San Pedro Garza Garcia, offering burritos and...
July 16, 2026