RT Staff Reporters
The Rio Times staff is a network of freelance journalists and bloggers from around the world who inform us about news from their regions and specific topics. This information is collected, reviewed and processed in our newsroom.
CPFL Gains as B3 Faces Quarterly Profit Drop
CPFL Energia (CPFE3) reported a substantial net profit of R$1.75 billion ($342.1 million) for the first quarter.
This marked a 6.3% increase from the same...
Tecnisa Faces Q1 Loss as Localiza and Caixa Seguridade Report Strong Gains
In the first quarter of 2024, Tecnisa (TCSA3) posted a significant net loss of R$20.7 million ($4.06 million).
This marked a drastic drop from the...
Petz’s Profit Decline, Simpar’s Surge, and Sabesp’s Steady Growth
Petz (PETZ3), a leading pet retailer, reported a Q1 2024 adjusted profit of R$6.9 million ($1.35 million).
This was a 64.1% drop from last year’s...
U.S. Dollar Rises as Brazil’s Monetary Policy Faces Political Pressure
On Thursday, the U.S. dollar experienced a notable increase of over 1%, a reaction to the contentious decision by Brazil's Monetary Policy Committee (COPOM)...
Ibovespa Slips After Smaller-Than-Desired Selic Rate Cut
The Ibovespa index took a significant hit, closing 1% lower at 128,188.34 points after the Central Bank of Brazil (Copom) trimmed the Selic rate...
Economic Trends and Challenges in Cape Verde in Early 2024
In the early months of 2024, witnessed a downturn in its Economic Climate Indicator, signaling a shift in business sentiment.
The National Institute of Statistics...
Global Wheat Supply Under Pressure from Adverse Weather and War
Adverse weather and conflict are placing global wheat supplies under severe strain, raising fears of escalating food prices.
In various parts of the world, farmers...
Eletrobras Reports Strong 9% Revenue Growth Amid Economic Shifts
Eletrobras (ELET6), a leading Brazilian energy company, reported a regulatory net revenue of R$9.7 billion ($1.9 billion) for Q1 2024.
This represents a 9% increase...
Jacob Zuma’s Potential Kingmaker Role in South Africa’s Tense Election
Jacob Zuma, the former President of South Africa, could significantly influence the upcoming general elections despite not vying for the presidency again.
After a legal...
Thursday’s Morning Call: Copom’s Rate Cut and Key Earnings Reports
Today's market attention centers on Copom's recent rate cut and upcoming financial reports from several key companies.
The Central Bank’s Monetary Policy Committee (Copom) cut...
Tenda Swings to Profit, PetroReconcavo Faces Decline, MRV&Co Boosts Margins in Q1
Tenda (TEND3) reported a Q1 net profit of R$ 4.4 million ($0.86 million), a turnaround from last year's R$ 41.9 million ($8.22 million) loss.
Meanwhile,...
Movida Achieves Profitable Q1 While Dexxos and Qualicorp Navigate Challenges
Movida (MOVI3) reversed a prior loss, reporting a Q1 2024 net profit of R$ 61.7 million ($12.09 million).
Additionally, their EBITDA soared to R$ 1.059...
Brazil Gains Approval to Export Live Pigs to Eurasian Union
Brazil, known for its leadership in meat production, has obtained approval to export live pigs to the Eurasian Economic Union (EAEU).
The trading bloc, consisting...
Brazil’s Stock Index Edges Up as Rate Decision Looms
In a day marked by cautious optimism, Brazil's Ibovespa index edged up by 0.21% to 129,480.89, a gain of 270.41 points.
Investors held their breath,...