Business

Marisa Swings to US$13 Million Q2 Loss as Auditor Doubts Its Future

Marisa Swings to US$13 Million Q2 Loss as Auditor Doubts Its Future

Brazilian fashion chain Marisa swung to a Q2 2026 net loss of R$68.4 million (about US$13 million), and its auditor warned of doubt over the company's ability to keep operating. The post Marisa Swings to US$13 Million Q2 Loss as Auditor…

Samarco Posts US$328.5 Million Loss on Mariana Reparation Costs

Samarco Posts US$328.5 Million Loss on Mariana Reparation Costs

The Vale-BHP iron-ore venture Samarco lost about US$328.5 million in Q2 2026, but the red ink came from dam-disaster reparation costs rather than its mining business. The post Samarco Posts US$328.5 Million Loss on Mariana Reparation Costs…

Brazil’s 2026 Fiscal Deficit Forecast Worsens to US$11.3 Billion as the Central Bank Lines Up a US$1 Billion Dollar…

Brazil’s 2026 Fiscal Deficit Forecast Worsens to US$11.3 Billion as the Central Bank Lines Up a US$1 Billion Dollar…

Market economists lifted Brazil's 2026 primary deficit forecast to R$59.1 billion (about US$11.3 billion), while the Banco Central lined up a routine US$1 billion dollar auction to roll over a maturing credit line. The post Brazil’s 2026…

Vibra Energia’s Q2 Profit Soars 705% to US$451 Million

Vibra Energia’s Q2 Profit Soars 705% to US$451 Million

Brazil's largest fuel distributor, Vibra Energia, saw quarterly profit jump 705% to R$2.352 billion (about US$451 million), lifted by fatter margins and its Comerc power arm. The post Vibra Energia’s Q2 Profit Soars 705% to US$451 Million…

Cosan Quits Wall Street and Spins Off Its US$490 Million Farmland Arm

Cosan Quits Wall Street and Spins Off Its US$490 Million Farmland Arm

Cosan is delisting its US shares, spinning off farmland unit Radar II and reshuffling managers as the Brazilian group works to cut debt and simplify. The post Cosan Quits Wall Street and Spins Off Its US$490 Million Farmland Arm appeared…

Argentina Growth Stuck Near 2%, Central Bank Chief Concedes

Argentina Growth Stuck Near 2%, Central Bank Chief Concedes

BCRA president Santiago Bausili said Argentina's economy has grown only about 2% a year since 2024, 'much slower than we would like,' as tight policy tames inflation but slows the recovery. The post Argentina Growth Stuck Near 2%, Central…

Ibovespa Slides for a 9th Straight Session as Citi Drops Brazil’s Real on a Likely Lula Win

Ibovespa Slides for a 9th Straight Session as Citi Drops Brazil’s Real on a Likely Lula Win

Brazil's Ibovespa closed lower for a ninth straight session, its longest losing streak since 2023, as Citi pulled the real from its carry-trade basket and a big global fund cut its Brazil exposure. The post Ibovespa Slides for a 9th…

Mexico Fertilizer Tariffs Hit Chinese Ammonium Sulfate at US$149 a Tonne

Mexico Fertilizer Tariffs Hit Chinese Ammonium Sulfate at US$149 a Tonne

Mexico locked in a definitive anti-dumping duty on Chinese ammonium sulfate days after China hit Mexican pecans, adding to a widening trade rift. The post Mexico Fertilizer Tariffs Hit Chinese Ammonium Sulfate at US$149 a Tonne appeared…

Petrobras Finds Oil on Brazil’s Equatorial Margin, off the Amapá Coast

Petrobras Finds Oil on Brazil’s Equatorial Margin, off the Amapá Coast

Petrobras confirmed hydrocarbons in the Morpho well off Amapá on 14 August 2026, its first find in the Foz do Amazonas basin, but says it is too soon to know if the deepwater oil is commercial. The post Petrobras Finds Oil on Brazil’s…

Argentina Starts Charging Foreigners for Hospital Care — Who Actually Pays

Argentina Starts Charging Foreigners for Hospital Care — Who Actually Pays

Argentina · HEALTHCARE Key Facts —What changed: Hospitals run by the Argentine national state began charging foreigners without permanent residency for non-urgent care. —The instrument: Resolution 1066/2026, signed by Health Minister Mario…

Brazil’s Jobless Rate Hits a Record Low While the Selic Falls

Brazil’s Jobless Rate Hits a Record Low While the Selic Falls

Brazil · ECONOMY Key Facts —The number: Brazilian unemployment fell to 5.4 percent in the second quarter, the lowest second quarter since the series began in 2012. —Where it came from: 6.1 percent in the first quarter and 5.8 percent a…

It’s the SUV tyranny: where have all the normal family cars gone? | Coco Khan

The Guardian