Browsing Tag
Brazil
273 posts
Brazil election 2026 turns into technical tie as Lula and Flávio Bolsonaro trade runoff leads
Brazil’s presidential race has tightened sharply less than three weeks before the October 4 first round, with two new polls showing Lula and Flávio Bolsonaro statistically tied in potential runoffs.
Brazilian Rare Earths (ASX: BRE) starts pilot plant as partners fund 59% of Stage II
Brazilian Rare Earths Limited has commissioned the first stage of its Camaçari metallurgical pilot plant and produced its first rare earth concentrate, while SENAI CIMATEC and partners will fund about 59% of the next hydrometallurgical stage.
Flávio Bolsonaro edges Lula 46% to 45% in Brazil runoff poll one month before election
A new BTG Pactual/Nexus poll puts Flávio Bolsonaro at 46% and President Luiz Inácio Lula da Silva at 45% in a simulated runoff, a statistical tie but the first time the senator has moved numerically ahead in the survey series.
Vale Base Metals IPO reportedly shelved as $24.6bn valuation benchmark meets surging copper earnings
Vale has reportedly put the Vale Base Metals IPO on hold indefinitely after preparing the copper-and-nickel unit for a potential 2026 listing. The decision comes after VBM generated $3.36 billion of 2025 adjusted EBITDA and another $2.49 billion in the first half of 2026. Manara Minerals’ earlier 10% investment implied roughly $24.6 billion of equity value, making the postponed listing as much a valuation decision as a political one.
CNOOC H1 profit jumps 23% to record RMB85.8bn as output hits new high
CNOOC Limited delivered record first-half profit and production as higher oil prices combined with rising volumes, while its low production-cost base preserved substantial cash-generation leverage.
Boliden to pay $1.31bn for control of Nexa as 7% dilution targets more than 8% EPS accretion
Boliden will issue 21.4 million shares to Votorantim for its 64.68% Nexa stake, valuing Nexa at about $2.03 billion before a subsequent cash offer for the remaining 35.32% minority interest.
PicPay Q2 revenue reaches R$4.1bn as customer monetization and margins improve
PicPay Q2 revenue surged 67% to R$4.1B as its credit portfolio nearly doubled and adjusted net income jumped 135%.
USA Rare Earth lands $750m U.S. government backing for Serra Verde rare earth supply
USA Rare Earth secured $1.55B of backing for Serra Verde, including $750M from the U.S. government and a $300M purchase contract.
Black Box (NSE: BBOX) has Rs 8,986cr backlog, but Q1 math makes profit the harder FY27 target
Black Box Limited has an 83% larger order backlog and expects data centres to reach about 30% of FY27 revenue. Yet its ₹300 crore to ₹325 crore profit target requires a much steeper earnings acceleration over the remaining nine months than the revenue guidance initially suggests.
J&T Express profit jumps 124% as non-China revenue reaches 50% for the first time
J&T Express more than doubled adjusted profit in the first half as Southeast Asia and emerging markets expanded rapidly, pushing non-China revenue to 50% of group sales for the first time.