Business

JBS Signs Deal Worth Up to US$5 Billion in Indonesia

JBS Signs Deal Worth Up to US$5 Billion in Indonesia

JBS agreed a deal worth up to US$5 billion with an Indonesian sovereign wealth fund to form an Asia-Pacific protein joint venture, with Citi. The post JBS Signs Deal Worth Up to US$5 Billion in Indonesia appeared first on The Rio Times .

Smart Fit Posts US$40m Q2 Profit; Shares Fall 8%

Smart Fit Posts US$40m Q2 Profit; Shares Fall 8%

Smart Fit (B3: SMFT3) posted a net profit of R$204 million in Q2 2026, up 8% year-on-year, but its shares fell about 8% as investors focused on margin. The post Smart Fit Posts US$40m Q2 Profit; Shares Fall 8% appeared first on The Rio…

Cruzeiro do Sul Downgraded Double, Shares Fall 3.3%

Cruzeiro do Sul Downgraded Double, Shares Fall 3.3%

Morgan Stanley skipped a step and cut Cruzeiro do Sul Educacional from buy to sell, slashing the price target to R$5 (US$0.98). Shares fell 3.3% as the bank cited enrollment disappointment and rising costs – a warning for Brazil's private…

Hypera Q2 Profit Rises 15% to US$96 Million

Hypera Q2 Profit Rises 15% to US$96 Million

Hypera posted Q2 2026 net profit of R$490 million, up 15%, on net revenue of R$2.34 billion. Margins widened and cash generation covered all capex. 149. The post Hypera Q2 Profit Rises 15% to US$96 Million appeared first on The Rio Times .

CSN Charged Over Iron-Ore Leak at Minas Gerais Mine

CSN Charged Over Iron-Ore Leak at Minas Gerais Mine

Brazilian authorities charged CSN after a pipeline leak at its Casa de Pedra mine sent iron-ore sediment into a creek and a Vale site in Congonhas on 6. The post CSN Charged Over Iron-Ore Leak at Minas Gerais Mine appeared first on The Rio…

Totvs Q2 Profit Up 17.4% to US$47m on AI Launch

Totvs Q2 Profit Up 17.4% to US$47m on AI Launch

Totvs (B3: TOTS3) reported adjusted net profit up 17.4% to R$240.6 million in Q2 2026 and confirmed an integrated AI services launch for October. The post Totvs Q2 Profit Up 17.4% to US$47m on AI Launch appeared first on The Rio Times .

ABC Brasil Q2 Profit Rises 5.4% to US$50.6 Million

ABC Brasil Q2 Profit Rises 5.4% to US$50.6 Million

Banco ABC Brasil posted recurrent net profit of R$257.3 million in Q2 2026, an 11.8% sequential rise, with ROAE at 14.3% and credit portfolio at R$56.5. The post ABC Brasil Q2 Profit Rises 5.4% to US$50.6 Million appeared first on The Rio…

Klabin Q2 EBITDA Hits US$394m, Buyback Approved

Klabin Q2 EBITDA Hits US$394m, Buyback Approved

Klabin posted an adjusted EBITDA of R$2 billion in Q2 2026 and approved a buyback of up to 31.25 million units. Net revenue reached R$5.2 billion. The post Klabin Q2 EBITDA Hits US$394m, Buyback Approved appeared first on The Rio Times .

Copel Q2 EBITDA Climbs 21% to US$317 Million

Copel Q2 EBITDA Climbs 21% to US$317 Million

Copel posted recurring EBITDA of R$1.61 billion in Q2 2026, driven by distribution gains. The ADR trades on NYSE as ELP. The post Copel Q2 EBITDA Climbs 21% to US$317 Million appeared first on The Rio Times .

TASS

Strait of Hormuz may remain closed to shipping for up to one year — Iraqi expert

Iraqi energy expert Mamdouh Salameh believes that Iran "will not reopen the Strait of Hormuz to shipping unless its conditions are met"

TASS

CPFL Q2 Profit US$216m as Dividend Tops US$255m

CPFL Q2 Profit US$216m as Dividend Tops US$255m

CPFL Energia posted a net profit of R$1.1 billion in the second quarter of 2026 and distributed a R$1.3 billion dividend, showing steady returns for investors. The post CPFL Q2 Profit US$216m as Dividend Tops US$255m appeared first on The…

Fayose: Night-time Blackouts Encouraging Nigerians to Have More Children

Daily Trust