A Federal District court blocked state-owned Banco de Brasília (BRB) from settling its R$ 2 billion ($360 million) acquisition of Banco Master, citing violations of legal protocols.The ruling followed a request by regional prosecutors who argued BRB stopped working to secure mandatory shareholder and legislative approvals before advancing the deal.While BRB
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Category: Brazil

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Brazil’s industrial output rose 1.2% in March 2025 compared to February, marking the sharpest monthly growth since June 2024 and exceeding market forecasts of 0.3%.

The Brazilian Institute of Geography and Statistics (IBGE) reported year-over-year expansion of 3.1%, nearly double analysts’ 1.4% projection.

This rebound followed five months of

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According to filings with the U.S. Securities and Exchange Commission, Pemex forecasts average crude production of 1.58 million barrels per day in 2025.

The company and its partners pumped 1.62 million bpd in the first quarter. That output represented an 11.3 percent decline year-on-year, driven by aging wells and delays in new well completions.

Pres

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Ecopetrol reported a COP 3.13 trillion ($728 million) net earnings in Q1 2025. This outcome reflects a 22% decrease from the COP 4.01 trillion ($932 million) revenue in Q1 2024. It marks the most affordable quarterly revenue level because the pandemic.Quarterly sales increased 0.2% year-over-year to COP 31.37 trillion ($7.29 billion). EBITDA fell 6.9% to COP 13.26
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Spanish executives rank Panama City among the top three Latin American cities for living and operating, according to a recent annual report by academic and corporate researchers.

Scoring 9 points, Panama City ties with Santiago de Chile, trailing Miami’s 13 points, thanks to its superior connectivity, business-friendly environment, and perceived s

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According to official declarations, India released Operation Sindoor before dawn Wednesday, striking nine websites throughout Pakistan and Pakistan-administered Kashmir.The strikes followed an April attack in Pahalgam that eliminated 26 Indian travelers and which New Delhi blamed on militants it states operated from Pakistani soil. Islamabad denied any
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