Business

Wellington Buys Sabesp: US$1.3 Trillion Manager Goes Underweight US, Overweight Brazil

Wellington Buys Sabesp: US$1.3 Trillion Manager Goes Underweight US, Overweight Brazil

US$1.3 trillion asset manager Wellington has bought shares of Brazil's Sabesp, placing it among its top-10 positions. The move reflects a cautious global stance, underweighting the US while betting on Latin America's largest water utility…

Banco Master pension rule reshapes Brazil’s RPPS funds

Banco Master pension rule reshapes Brazil’s RPPS funds

Brazil's new CMN Resolution 5.272 restricts uncertified public-servant pension funds (RPPS) to federal bonds, affecting 85% of them. Private PGBL/VGBL pensions are untouched. The rule follows losses from Banco Master's collapse. The post…

Casas Bahia Loss: Q2 Net Loss R$10.1bn, EY Doubts

Casas Bahia Loss: Q2 Net Loss R$10.1bn, EY Doubts

Casas Bahia posted a R$10.1 billion (~US$1.94 billion) net loss in Q2 2026, mostly from non-cash charges, and EY refused to sign off on the financials. The retailer is weighing a new restructuring as it closes 298 stores and cuts 1,900…

Peter Thiel Vista Energy: Thiel Macro Buys Vaca Muerta Stake

Peter Thiel Vista Energy: Thiel Macro Buys Vaca Muerta Stake

Billionaire investor Peter Thiel’s Thiel Macro LLC disclosed a ~US$76 million stake in Vista Energy, Argentina's leading Vaca Muerta shale producer. The move signals growing foreign interest in the country's energy boom. The post Peter…

ERC wary of Ang-Lopez energy deal

MANILA, Philippines — Regulators are ready to look into the impact of billionaire Ramon Ang’s acquisition of a stake in Lopez Inc. on competition in the power market, given both parties’ massive influence in the sector. Energy Regulatory…

TASS

Western sanctions only heighten interest to business contacts with Russia - Kremlin aide

Western sanctions have heightened interest in business networking among business representatives at major international events in Russia, such as the St. Petersburg International Economic Forum (SPIEF) and the Russian Economic Week…

TASS

BIZ BUZZ: Madrid to step down from IBPAP

MANILA, Philipines — Word on the street is that Jack Madrid, president and chief executive officer of the IT and Business Process Association of the Philippines (IBPAP), is finally stepping down from the important post in October, after…

Secondus congratulates Adeleke, says Osun victory reflects people’s trust

The Punch

Secondus congratulates Adeleke, says Osun victory reflects people’s trust

Former PDP National Chairman, Uche Secondus, congratulates Governor Ademola Adeleke on his re-election, calling it a reflection of the people’s trust in hi Read More…

The Punch

California billionaires add millions to bolster fight against wealth tax

California billionaires add millions to bolster fight against wealth tax

Tech owner Chris Larsen and venture capitalist John Doerr step up efforts to kill proposed 5% levy on the rich

The Guardian

The Guardian view on the changed world of job interviews: missing the human factor | Editorial

Andy Burnham’s doubts about Zoom interviews apply more widely to a hiring process being transformed by AI Almost half of UK jobseekers have found themselves pitching to an AI bot, according to recent research , leading many to give up in…

The Guardian

US considers sanctions on Brazil judge in new test of diplomatic ties

US considers sanctions on Brazil judge in new test of diplomatic ties

Fresh blow in relations comes as leftwing leader Lula launches re-election campaign

Canadian business braced for 50% US tariffs

US-Canada trade talks go down to the wire, plus Japanese growth figures and a UK inflation update