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Braskem Wipes Out R$48 Billion in Value, Back to 2009 Levels on B3
Petrochemical ends September worth R$5.69 billion, lowest in 16 years, after months of sharp declines.
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Ambipar jumps 20% on perception of ex-CFO’s misstep and progress in restructuring plan
Shares soar after court protection and hiring of Seneca Evercore ease fears that Brazil’s largest private green bond issuer faces structural weaknesses.
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Emes Buys $400 Million of InterCement Debt
Argentine group steps in as InterCement seeks creditor approval for restructuring plan
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Abrasel seeks role in Keeta’s antitrust case against 99Food
Abrasel asks Cade to join Keeta’s antitrust case against 99Food, citing prior action against iFood in Brazil’s food delivery market.
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Novo Tempo power plant begins tests in Pará
Natural gas-fired unit to add 630 MW to Brazil’s grid by 2025
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Braskem Faces Dilution Risk as Petrochemical Spreads Remain Depressed, BTG Says
Debt-to-equity conversion could ease leverage but would require a multibillion-dollar Petrobras injection and cut dividends — keeping uncertainty high.
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ViaQuatro Signs $750 Million Pact to Extend São Paulo Metro Line 4
ViaQuatro signs amendment with state government; contract extended by 20 years and backed by World Bank financing.
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Keeta to challenge iFood’s dominance in Brazil’s $12B delivery market
CEO Tony Qiu says Brazil is the only country where a single app controls over 80% of food delivery, reports O Globo.
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Oncoclínicas shifts to “back to basics” strategy amid capital increase
Brazil Journal reports CEO Bruno Ferrari admits past missteps with hospital projects as company refocuses on oncology clinics and partnerships.
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EWZ Leads Global Flows Into Brazil as Ibovespa Nears 200,000 Points
Record inflows into BlackRock’s ETF reinforce rotation into emerging markets and support the rally in Brazilian equities.
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Brazil mine dam Cleanup to Cost $7 Billion
Ibram says decommissioning upstream tailings dams will absorb nearly half of sector’s projected socio-environmental spending through 2030.
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Copasa approves special share ahead of sale
Minas Gerais to retain veto rights as utility prepares follow-on offering that could raise up to R$10 billion.