Mercado Libre’s Founder Faces a Criminal Usury Complaint Over Loans Costing Up to 1,375% a Year
A criminal usury complaint targets Marcos Galperin over Mercado Pago loan rates in Argentina, where the published total annual cost...
August 19, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Chile Jails Four Fund Executives Before Trial in an Alleged US$193 Million Fraud
A Santiago court ordered pre-trial detention for four executives in the Chile Sartor fund case, where the charging itemises about...
August 19, 2026
Guyana’s Take From Its Own Oil Jumps to 39.8% Now That Exxon Has Paid Itself Back
The Guyana oil share of Stabroek production has risen from 12.5% to 39.8% now that the ExxonMobil-led group has recovered...
August 19, 2026
Brazil’s Bill to End the Six-Day Week Has Been Stuck for 82 Days — and Still Has Not Reached Committee
The Brazil 6x1 work schedule bill cleared the Chamber in May, then sat on the Senate president's desk for months....
August 19, 2026
Moroccan Phosphate Reaches a US Port for the First Time in Five Years
Moroccan phosphate has reached a US port for the first time in five years, after an emergency proclamation opened a...
August 18, 2026
Colombia’s Law to Join the BRICS Bank Died in Congress Without a Single Debate
New Development Bank members still number ten. Colombia's accession bill was archived in Congress, and Uruguay has been in the...
August 18, 2026
Bolivia’s Decree Closes Two Ministries — and Quietly Drops the Tourism Agency Paz Promised
The Bolivia ministries decree, DS 5675, cut the cabinet from 14 to 12 and closed Planning and Tourism — but...
August 18, 2026
Ecuador’s Puerto Bolivar Is 93% Done With a US$30 Million Cold Store for Bananas
Puerto Bolivar cold storage: a US$30 million, 17,000 sq m refrigerated warehouse holding 15,000 pallets is 93% built and due...
August 18, 2026
Brazil Suspends 14 Betting Sites, Including Three From a Company Facing Scrutiny
Brazil's finance ministry suspended 14 licensed betting sites from six companies, with fines of R$200,000 a day. Most failed to...
August 18, 2026