Business

Brazil’s Simpar Sells Port Unit to ICTSI for US$353 Million

Brazil’s Simpar Sells Port Unit to ICTSI for US$353 Million

Brazilian logistics holding Simpar signed a binding deal to sell its Bahia port business to the Philippines' ICTSI for an enterprise value of R$1.8 billion (~US$353 million), a move analysts say will accelerate the group's deleveraging…

South Africa Seeks Private Capital to Tackle Water Crisis

South Africa plans to tap private investors to tackle the country’s water crisis by developing blended-finance projects and accelerating a pipeline of bankable infrastructure investments.

Colombia’s Ecopetrol Board Shakeup: CEO Exits July 30

Colombia’s Ecopetrol Board Shakeup: CEO Exits July 30

Colombia's state-controlled oil giant Ecopetrol is undergoing a sweeping leadership reset. CEO Ricardo Roa will leave his post on July 30, 2026, while two board members with ties to President Gustavo Petro's government have resigned…

Resolute Leans on Ivory Coast Gold as Mali Turns Risky

Resolute Leans on Ivory Coast Gold as Mali Turns Risky

Gold miner Resolute is leaning on Cote d'Ivoire's Doropo project as Sahel security disruptions cut output at its Syama mine in Mali. The post Resolute Leans on Ivory Coast Gold as Mali Turns Risky appeared first on The Rio Times .

Vulcan Builds Africa’s First Electric Mine in Mozambique

Vulcan Builds Africa’s First Electric Mine in Mozambique

Vulcan is electrifying its Moatize coal operation in Mozambique in what it calls Africa's first fully electric mine, a roughly EUR140.6 million bet. The post Vulcan Builds Africa’s First Electric Mine in Mozambique appeared first on The…

Afreximbank Backs Shoreline With $200M for Algeria Oil

Afreximbank Backs Shoreline With $200M for Algeria Oil

Afreximbank approved a $200 million facility for Nigeria's Shoreline to help expand Algeria's Hassi Bir Rekaiz oilfield toward 50,000-60,000 bpd. The post Afreximbank Backs Shoreline With $200M for Algeria Oil appeared first on The Rio…

Wall Street funds back China’s WuXi AppTec as weight-loss drug orders soar

South China Morning Post

Wall Street funds back China’s WuXi AppTec as weight-loss drug orders soar

US global asset managers, including BlackRock, have expanded stakes in mainland Chinese pharmaceutical contractor WuXi AppTec over the past two months, betting that a surge in weight-loss drug manufacturing orders will lift earnings in the…

South China Morning Post

US Hits Nigeria With a 12.5% Forced-Labour Tariff

US Hits Nigeria With a 12.5% Forced-Labour Tariff

The US is imposing a 12.5% tariff on Nigeria and eight African nations over forced-labour concerns, under a US Trade Representative Section 301 finding. The post US Hits Nigeria With a 12.5% Forced-Labour Tariff appeared first on The Rio…

Grupo Bimbo Second Quarter Caps 15% First-Half Gain

Grupo Bimbo Second Quarter Caps 15% First-Half Gain

Mexican bakery giant Grupo Bimbo reported a 14.9% rise in first-half net profit, driven by pricing discipline and volume growth. The FIFA World Cup lifted sales but was not the main growth engine, as currency headwinds weighed on reported…

Japan Banks With Shipping Finance Expertise Are Latest to Merge

A proposed merger between Iyogin Holdings Inc. and Ehime Bank Ltd. adds to a series of recent M&A activity between Japanese regional lenders as an aging and shrinking population weighs on their business.

Stellantis Brazil Investment Reaches US$5.9 Billion to 2030

Stellantis Brazil Investment Reaches US$5.9 Billion to 2030

Automotive giant Stellantis, the owner of Fiat, Jeep, Peugeot, Citroën, and RAM, is executing a massive R$30 billion (~US$5.9 billion) investment cycle in Brazil. The 2025-2030 plan focuses on launching more than 40 new vehicles and…

Brent Crude Oil Prices Top $100 as Conflict With Iran Drags On

The New York Times