Business

Brazilian Homebuilder MRV Resia Sells Texas Assets for US$139M

Brazilian Homebuilder MRV Resia Sells Texas Assets for US$139M

Brazil · Real Estate Key Facts —Assets. The sale covers the Ten Oaks and Rayzor Ranch multifamily developments in Texas. —Price. The combined sale price is US$139 million, backed by a US$12 million non-refundable deposit. —Debt cut. The…

PSEi rebounds on bargain hunting, BSP remarks

PSEi rebounds on bargain hunting, BSP remarks

MANILA, Philippines — Local stocks rebounded on Wednesday as bargain hunting offset the previous session’s losses, while expectations of a less aggressive monetary stance from the Bangko Sentral ng Pilipinas (BSP) boosted sentiment. The…

Roknifard: Iran Strategic With Use of Allies’ Attacks

The US says it has intercepted several Iranian ballistic missiles on its military bases - breaking the brief pause in fighting in the Middle East. Meanwhile the US and Saudi forces launched attacks on Iran-backed militia targets in Iraq in…

AI Still Driving Earnings Strength in Europe, Morgan Stanley Says

Marina Zavolock, chief European equity strategist at Morgan Stanley, says she hasn't seen such a strong earnings season in Europe in years. "We're seeing more interest in European equities in part because of the strong earnings season,"…

Mercosur Singapore FTA: Brazil Opens Zero-Tariff Asia Trade

Brazil · Trade Key Facts —Effective date. The agreement enters into force for Brazil on 1 August 2026. —Tariff treatment. Singapore will apply zero tariffs on 100 percent of Brazilian exports immediately upon entry into force. —Mercosur…

ING Nears SRTs on $10 Billion of Loans Including AI-Linked Debt

ING Groep NV is hedging credit risk on about $10 billion of loans via significant risk transfers as banks worldwide bolster their use of the instruments to free up capacity for new lending.

Global Oil Prices Jump as Attacks Resume in the Middle East

The New York Times

Global Oil Prices Jump as Attacks Resume in the Middle East

After several days of a lull in the direct conflict, a flare up in tensions left investors concerned about the continued flow of energy from the region.

The New York Times

Russia issues international wanted notice against Telegram founder Pavel Durov for aiding terrorism

France 24

Russia issues international wanted notice against Telegram founder Pavel Durov for aiding terrorism

Moscow on Wednesday said it had issued an international wanted notice for Russian-born Telegram CEO Pavel Durov for "complicity in terrorism". Russian security services accused Durov of failing to remove "channels, chats and bots" on the…

France 24

Nubank Targets Brazil’s Middle Class With New Croma Tier

Brazil · Fintech Key Facts —Positioning. Croma is a new mid-income segment sitting between Nubank’s classic entry card and its high-income Ultravioleta tier. —Target. It is aimed at customers earning around US$900 monthly who are in a…

Shell LNG Deal Overhaul Lifts Enel Chile Profit 11%

Chile · Energy Key Facts —Profit. Enel Chile’s first-half 2026 net income reached about US$272 million, an increase of roughly 11% year-on-year. —EBITDA. First-half EBITDA rose 4% to US$685 million, driven mainly by stronger performance in…

Cebu City warns of expropriation over BRT right-of-way acquisition

Cebu City warns of expropriation over BRT right-of-way acquisition

CEBU CITY, Philippines — Cebu City will initiate expropriation proceedings against property owners who refuse to sell land needed for the Cebu Bus Rapid Transit (CBRT) project, as it races to complete right-of-way acquisition and secure…

Robert De Niro’s Nobu to open luxury resort in Algarve

Portugal Resident