Vivo Telefonica Second Quarter Net Income Jumps 17%
Telefonica Brasil (Vivo) posted a 17% rise in Q2 net income to R$1.57 billion (~US$308 million), driven by strong mobile...
July 28, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
TIM Brasil Second Quarter Profit Hits Record on Fiber Push
Brazilian telecom TIM Brasil posts a record Q2 net profit of R$1.036 billion (~US$203 million), driven by postpaid mobile and...
July 28, 2026
Shell Bahamas LNG Terminal Gets Final Green Light
Shell Bahamas LNG secures final approval for the $369M Clifton Pier regasification terminal in Nassau, unlocking 55 MMscfd of capacity....
July 28, 2026
U.S. Eases Venezuela Sanctions After 589 Die in Quakes
US Treasury eased Venezuela sanctions for four months to allow earthquake-relief transactions after twin quakes killed nearly 600 near Caracas.
July 28, 2026
Colombia Electricity Deficit Looms from 2028, Power Sector
Colombia electricity deficit warnings mount: grid operator XM sees a firm-energy shortfall from 2028 as delayed plants and El Niño...
July 28, 2026
Mexico Mining Blocked: $11 Billion in Projects Stalled
Roughly US$11 billion in Mexico mining blocked by permit backlogs is slowly being unlocked. Over 60 projects remain pending as...
July 28, 2026
Brazil’s Itaú Bank GenAI Assistant Tops 300,000 Users
The Itaú GenAI assistant ia.i reached 300,000 clients in Brazil and targets 3 million users by September, then its full...
July 28, 2026
Brazil’s CSN Cimentos Sale Draws Bids Up to US$2.7Bn
Huaxin, Sinoma, Italcementi and Votorantim lead the R$12-14 billion (US$2.4-2.7 billion) CSN Cimentos sale as CSN cuts its US$8 billion...
July 28, 2026
Simpar Q2 Service Revenue Hits Record as Leverage Falls
Simpar Q2 service revenue hit a record R$9.4 billion (US$1.85 billion), up 13.2%, as net leverage fell to 2.8x, its...
July 28, 2026